"Tell us how you would spend $1,000 a month. Then if you win, you'll get the [contest] money and you'll get a whole lot of social media followers." —Andrew Yang, announcing his competition-based dry run for a guaranteed minimum income.
Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity deals between 1980 and 2013 finds that the average pay per worker falls 1.7% after buyouts.
[Subscription Required] Small steps toward a trade truce between China and the U.S. last week likely aren’t enough to diminish uncertainties that are holding back global economic growth. Negotiators agreed to put off a round of U.S. tariff increases set for this week but left undecided what will come of an additional round of tariffs scheduled for December or the tariffs on about $360 billion of imported Chinese goods already in place.
Corporate stewardship is easy to execute when the stakes are low. It's easy when there isn't a loser, when the platitudes handed down from the C-suite are feel-good and vague, when foreign officials who control one of the most commercially significant markets on the planet aren't demanding some sort of action or apology, despite their regime's documented history of human rights abuses and trepidation for free speech.
Annenberg Conference Room, Lou Henry Hoover Building
Marco Di Maggio, Ogunlesi Family Associate Professor of Business Administration at the Harvard Business School, discussed “Second Chance: Life without Student Debt,” (with Ankit Kalda, and Vincent W. Yao).
Economic expansions don't have a predetermined shelf life. They don't come with expiration dates or time limits. They don't die of old age. Australia hasn't experienced a recession — defined as two or more consecutive quarters of negative growth — since 1991. So the mere fact that the current U.S. expansion is the longest on record shouldn't necessarily be concerning.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.