Op-ed / Letters to the Editor
51 results total, viewing 21 - 30
Last September, Vincenzo Sinapi-Riddle, a student at Citrus Community College near Los Angeles, was collecting signatures on a petition asking the student government to condemn spying by the National Security Agency. more
It’s difficult to believe passionately in an issue that almost nobody cares about, and when those that do care usually disagree with you. But life is hard, so here I am: a passionate believer in letting more high-skilled workers immigrate to the United States. more
It’s bad luck to be born 20 years before a time of high unemployment. It affects your income when you enter the workforce, naturally, but that’s not all. It can keep your earnings relatively low – and chip away at your health and happiness, as well – for a lifetime. more
When I wrote recently about the joys of the 15-year mortgage, I got the same reaction from a lot of people: “Why would you repay a loan when at these low rates, it’s practically free money?” more
U.S. consumers may well remember the days, pre-2012, when shopping for an airline ticket was complicated by the airlines’ favored pricing scheme. Back then, an advertised $240 fare might suddenly turn out to be a $300 fare, given that taxes account for roughly 20 percent of the average domestic U.S. airfare. Passengers hated the system while the airlines – which hate price-comparison shoppers, because they drive down prices – embraced it. Fortunately, in 2012, the Department of Transportation imposed a rule requiring that the airlines advertise fares inclusive of the base fare, taxes and fees. Yet, notably, the rule didn’t prohibit the airlines from publishing the taxes and fees separately; it just required that they do so less prominently than the advertised, fully inclusive fare. The airlines, incensed at this pro-consumer bit of rulemaking, have been trying to overturn it ever since. more
Of all the outrages endured during the financial crisis, perhaps the most perplexing involved money-market mutual funds. In an example of moral hazard writ large, this uninsured risk instrument – with $2.57 trillion in assets – somehow became too big to fail. Five years later, the Securities and Exchange Commission is finally taking steps to address this. more
If you care at all about what academic macroeconomists are cooking up (or if you do any macro investing), you might want to check out the latest economics blog discussion about the big change that happened in the late ’70s and early ’80s. Here’s a post by the University of Chicago ecnomist John Cochrane, and here’s one by Oxford’s Simon Wren-Lewis that includes links to most of the other contributions. more
Amazon.com Inc.’s recent announcement that it would pay $970 million in cash to buy Twitch Interactive Inc., a hugely popular game-streaming service that is just over 3 years old, marks a key moment for telecommunications policy in the U.S. But the reason might be unexpected. more
Here’s something that puzzled me when I was the chief investment officer of New York City’s pension plan: Only 5 percent of the investment firms that managed the city’s $160 billion, and only 15 percent of the products the city invested in, were managed by women. The numbers plummeted when counting women of color or asset classes other than public equities. more
Sadly, it is no surprise that another massive merchant data breach is in the news. It is also no surprise that the Home Depot data breach was discovered by the institutions that issued the compromised debit and credit cards and not the retailer who collected the data and subsequently lost it. more
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