By Jack Gao “In the annual economic conference organized by the Federal Reserve Bank of Boston, Janet Yellen’s speech was less about the current state of the U.S. economy than it was about the new questions posed for macroeconomics by the Great…
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Shark attack: Pharmaceutical industry’s feeding frenzy
By the Institute for Health and Socio-Economic Policy “Throughout the series of briefs we have seen how pharmaceutical companies charge high drug prices1 , enabling these companies to realize enormous profits.2 Through patents3 as well mergers and acquisitions4 they have…
Three things to know to hold Wells Fargo accountable
By Lynn Parramore “Just about everyone wants to hold Wells Fargo accountable for a scheme in which sales quotas drove employees to set up phony credit card and bank accounts without customer knowledge. A Donald Trump advisor declared the behavior…
The pathogens of Wells Fargo’s corruption fester in every large corporation
By Cory Doctorow “Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than…
Three Things to Know to Hold Wells Fargo Accountable
By Lynn Parramore “Just about everyone wants to hold Wells Fargo accountable for a scheme in which sales quotas drove employees to set up phony credit card and bank accounts without customer knowledge. A Donald Trump advisor declared the behavior “stupid” and…
The Dangers of Financialization
By Robert Johnson (interviewing Rana Foroohar) “TIME magazine assistant managing editor Rana Foroohar’s book Makers and Takers sounds an important note of warning on the dangers of financialization of the U.S. economy.”… [Click HERE to read the full article and…
Outrageous fortunes: Pharma executives cash-in on high drug prices
By Institute for Health and Socio-Economic Policy “The previous IHSP briefs explained why prices for prescription drugs have risen,1 and how these increases result in tremendous sales and profits.2 Pharmaceutical executives are paid to make sure that this is the…
Wells Fargo scandal shows need to fix performance pay loophole
By Sue Holmberg “The Wells Fargo scandal has reignited anger over Wall Street’s criminal activity and the havoc it has wreaked on ordinary Americans. That anger is all the more justified because the financial executives responsible for this damage take…
Is corporate America’s buyback binge coming to an end?
By Maureen J. Murphy “As they have been and as they will be into the near term, the investment world debates will be, to our minds, about 1. investing in US equities primarily versus an institutional-type diversified portfolio, 2. searching/stretching…
Executive overcompensation
By Cameron Graham “It was about an article in the Atlantic, in which authors William Lazonick and Matt Hopkins argued that executive compensation is drastically under-reported. They are right.”… [Click HERE to read the full article]
