Bringing you just the headlines

  • The Surprising Cross-Racial Saga of Modern Wealth Inequality

    Lately, critics of the racialized maldistribution of wealth have seized on the notion of a “racial wealth gap” as a defining feature of the American political economy—and insisted that this gap has been a key factor in the radically disparate economic impact of the present Covid-19 recession across our racial divide. Yet the racial wealth gap is not the single-bullet explanation of uneven economic development in black and white America that adherents of the thesis imagine it to be. This becomes...

    The New Republic
  • Modernization

    Think about it: there’s an area within walking distance of your home where you can catch an affordable public transport ride to key destinations.

    philstar.com
  • How inequality at Harvard Business School breeds inequality in corporate America

    Rick Friedman/Corbis via Getty Images Black students comprise under 10% of students in MBA programs nationwide.  Harvard Business School, known as the number one broker of corporate power, shows even more dramatic statistics — its classes have been roughly 5% Black for at least three decades, according to HBS Dean Nitin Nohria. Amid national protests following George Floyd's killing, Nohria said in an open letter that efforts to recruit Black students have been "painfully insufficient."  A lack...

    Business Insider
  • Is Economic Inequality Really a Problem?

    Yes, but the answer is less obvious than you might think.

    www.nytimes.com
  • Modern Slavery And Woke Hypocrisy

    Modern Slavery And Woke Hypocrisy Tyler Durden Mon, 06/29/2020 - 02:00 Authored by Judith Bergman via The Gatestone Institute, The news has been filled with reports about Black Lives Matter (BLM) supporters vandalizing and tearing down statues of slave traders, slave owners, and anyone who they perceive as having been historically involved with slavery. In Bristol, England, a statue of the slave trader Edward Colston was pulled down and thrown into the harbor. In...

    Zero Hedge
  • MMT: Not Modern, Not Monetary, Not A Theory

    MMT: Not Modern, Not Monetary, Not A Theory Tyler Durden Thu, 06/25/2020 - 21:10 Authored by Jeff Deist via The Mises Institute, Modern monetary theory (MMT) has a new champion, and a new bible. Stephanie Kelton, economics professor at SUNY Stony Brook, is the author of The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. Professor Kelton was an advisor to the Bernie Sanders presidential campaigns, and her ideas increasingly find purchase with...

    Zero Hedge
  • Pandemic worsens income inequality

    A Billionaire Bonanza report says the following: “The surge in billionaire wealth during the global pandemic underscores the grotesque nature of unequal sacrifice.

    philstar.com