Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the world has certainly experienced its share of staggering jolts in the past, this cycle of events is likely to prove unparalleled.
- May 28, 2020The banking expert explains why Congress’ stimulus bill has been a boon for Wall Street and not the small businesses that need it most.
- May 27, 2020
Trump has persistently minimized the seriousness of COVID-19 by falsely comparing it to the seasonal flu. Initially, he used the tactic to downplay the virus as it threatened the stock market. This denial and obfuscation squandered precious time, worsened the crisis, and may have cost a number of lives.
- May 10, 2020The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.
- December 18, 2017In his new play, Pulitzer-prize winning playwright Ayad Akhtar recalls the greed of the '80s and how we became a republic of consumers.