Paul Tudor Jones—whose net worth is $4.6 billion—is one of the most famous hedge fund managers in American history. He is a heavy donor to Republicans. And he is warning of the possibility of class-based revolution in America. Also, he has some ideas.
America's health care system has many problems. One is the fact that it is incredibly difficult to know how much things cost. We asked for prices on health care. Now, we've assembled some for you.
Nouriel Roubini—the gallivanting N.Y.U. economics professor who once installed plaster vaginas on the walls of his Tribeca loft—recently gallivanted to Chicago for a business trip. And, according to a tweet he immediately deleted last night, he was looking to mingle with more than one “hottie”:
American is an economically unequal country. It is also plagued by a great deal of poverty, particularly by the standards of rich, developed nations. Today, poverty and inequality are meeting in more American places than ever before.
Ever since Thomas Piketty's coming out party, debate has raged in America over the implications of inequality of wealth and income. A new research paper shows just how much the extremely rich—the top tenth of the top 1%—have taken control since the 1980s.
Last week saw the stock market take its worst plunge in years, prompting fears that—after several years of uninterrupted good times—the economy may be ready to falter once again. Why the new fear on Wall Street? Could the reason be... imaginary bullshit?
Economic inequality in America has reached staggering levels. Union membership has reached all time lows. What is the future of labor in America? Let's discuss it right now, with author and labor expert Stanley Aronowitz.
It's come to my attention that many of our readers believe that if you give anything more than a modest sum of money to a poor person, that person will just go out and waste the money on impulse purchases. Allow me to point out that this is false.
Ta-Nehisi Coates made the case that America owes reparations to its black community. But he purposely left out the details of what a reparations program might look like. We will now make a proposal, for your consideration.
Edward Lazear, a former economic adviser to George W. Bush, argues today that cutting carbon emissions enough to mitigate global warming is a lost cause, and we are better off pursuing a strategy of "adaptation" to a fiery new world. This is why pessimists should not be in charge.
If you've put off reading Thomas Piketty's Capital in the 21st Century, you can dip your toes in the water with Stephen Colbert's quick primer on income inequality, generational stagnation, r is greater than g, and other economic concepts all the cool kids are talking about this summer.
These days, it's not enough to simply direct vitriol at the rich; you must put the offenses of the rich in the context of society as a whole. It's not just that they dedicate their lives to decadence in a sea of want; it's that they want credit for it.
America is making a comeback! That's according to David Petraeus, the disgraced former general who really needs a comeback. Also in need of an American comeback: the monster private equity firm that hired Petraeus to write about how America's making a comeback.
The unlikeliest publishing and economics news of the year: Thomas Piketty's new book, Capital in the Twenty-First Century, is so popular that it is sold out on Amazon, as well as in every fucking book store in NYC. Harvard University Press has yet to master supply and demand.
The Congressional Budget Office now says Obamacare will cost $104 billion less and cover millions more people than it previously estimated. Also, more employers are offering workers health coverage. Open-market-sustainable socialism is on the march, comrades!
Nobel prize-winning economist Robert Shiller explains his proprietary strategy for investment optimization: "You buy low-priced stocks and sell high-priced stocks."
President Obama plans to use executive action to expand the number of American workers eligible for overtime pay. For those conservatives whose hackles are raised, take heart: Obama is tossing pebbles against a huge, advancing monster of inequality that may not be slain in this generation.
A new survey finds that male economics Ph.D.'s who get married early in their careers see their salaries grow 25%, while females who do the same thing see their salaries shrink by 23%. You can't argue with the free market, I guess.
Iron Maiden has been making millions of dollars by figuring out the cities where their music is most heavily pirated — mostly in South America — and then focusing their tour in those locales.
