Just because he belongs to it himself does not make Newt Gingrich wrong when he grumbles that America is run by an out-of-touch elite. If you want evidence, the data can now be found in a book published this week by Charles Murray, the co-author in 1994 of “The Bell Curve”, which became controversial for positing a link between race and intelligence. That controversy should not deter you. “Coming Apart: The State of White America 1960-2010” brims with ideas about what ails America.
The US Senate has approved a bill seeking to ban insider trading by members of Congress.
Under current rules, lawmakers can trade stock unrestricted even though they may have specialist knowledge.
The bill, passed by a bipartisan 96-3 vote, would require them to file disclosures of trades within 30 days.
Congress is suffering from historically low approval ratings, prompting frank admissions that the bill is aimed at cleaning up its public image.
“Lost Ground, 2011” is based on an analysis of 27 million mortgages made over a five-year period. Here are our top-line findings:
The nation is not even halfway through the foreclosure crisis. 6.4 percent of mortgages made between 2004 and 2008 have ended in foreclosure, and an additional 8.3 percent are at immediate, serious risk.
The country is torn by conflict. The people are hungry.
Our natural response is to send food, but in practice that can be problematic. For decades, aid workers, journalists and others have documented cases where food aid has been misappropriated by armed groups who use it to feed their soldiers and buy weapons. Convoy trucks and other equipment are often captured.
Calls the suggestion that his company doesn't care about the health and safety of workers in the supply chain he built "patently false and offensive"
Here's one thing that's changed since Steve Jobs died.
When Tim Cook, Apple's (AAPL) new CEO, thinks his company has been wronged by the media, he doesn't shrink from hitting back -- swiftly and in a way that he knows will quickly become public.
Firms Sidestep Rule Limiting Rewards for Executives
On the way to bankruptcy court, Lear Corp., a car-parts supplier, closed 28 factories, cut more than 20,000 jobs and wiped out shareholders.
Still, Lear sought $20.6 million in bonuses for key executives and other employees, including an eventual payout of more than $5.4 million for then-Chief Executive Robert Rossiter.
Rob Lake, Director of Strategic Development for the United Nations-backed organization Principles for Responsible Investment (PRI), has years of experience in socially responsible investing.
The enrichment of bankers, corporate chiefs, flash traders and their cronies is testing tolerance of inequality, argues John Plender in the first part of an FT series
The news about narcotic painkillers is increasingly dire: Overdoses now kill nearly 15,000 people a year -- more than heroin and cocaine combined. In some states, the painkiller death toll exceeds that of car crashes.