After President Obama made his passionate and forceful speech about the need for more regulation of Wall Street and the giant banking firms, reaction was mixed. Many people do not believe that Wall Street has the will to behave better. When you break down the substance of Mr. Obama’s speech, there are major flaws in his...
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Any one that has ever worked in a low-wage industry probably knows someone that has been cheated by an employer. You or someone you know may not have received overtime pay. Maybe you were forced to work extra hours against your will. You might have even had tips stolen from you by managers and supervisors. Now, the anecdotal...
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Newspapers are one of the most important transmitters of information in a free society. Although their importance has diminished in the minds of many consumers, newspapers are one of the last bastions of reliable, unbiased journalism and thoughtful opinion. There are only a few giant newspapers left. One of the most...
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Update This post was originally published on January 25, 2009. Since then, many analysts believe that the housing market has nearly bottomed out in many markets. Granted, buying a foreclosed home is not as easy as it sounds, primarily because there can be a lot of red tape surrounding foreclosed properties. But what was...
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Slate writer Darshak Sanghavi wrote a fascinating article about how healthcare prices are set. I have often wondered how doctors determine the value of a particular service. Unfortunately, it is even more arbitrary than I initially believed. William Hsiao, a Harvard economist, created a scale that would measure the value of...
read morePresident Obama just gave a wonderful speech. It had beautiful rhetorical flourishes and strong, forceful passages. Many STR regulars know that I have been critical of Mr. Obama and have championed the need for a strong public option. While Mr. Obama did not go as far as I would have hoped in calling for a public option, he...
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