There's a pretty astounding and disturbing revelation on the real estate website Redfin at the moment. What it basically shows is that we are very much in a modern day Gilded Age in which single individuals or families could, hypothetically speaking, buy up every residential ...read more

In an op-ed for the NY Times, well known socialist and anti capitalist Warren Buffett proposes a minimum tax on those earning higher incomes: Between 1951 and 1954, when the capital gains rate was 25 percent and marginal rates on dividends reached 91 percent in extreme cases, I ...read more

Exclusive: Sgt. Robert Bales stands accused of murdering 17 Afghan civilians, a crime that some trace to the financial pressures his family faced back home. However, to the rich financial swindlers, the ruining of Bales’s family – and many others – is just another day’s work, ...read more

Senate Republicans defied President Barack Obama on one of his top election-year issues on Monday, derailing a Democratic bill forcing the top US earners to pay at least 30% of their income in taxes. The vote came the day before Americans' annual taxes are due. The 51-45 ...read more

A great piece by Alex Magnin on the history of technological innovation and how the latest economic slump may pave the way for a more sustainable future: The great technologies of our era – computing and the internet – drove twin bubbles and crashes. The late 1990’s ...read more

A New York Times poll poll finds the following: * A slim plurality is very or somewhat confident that the American Jobs Act will improve the economy and create jobs, 48-47. * A solid majority, 56-30, favors significantly cutting payroll taxes for working Americans. * A majority, ...read more