Robert Reich is the Chancellor’s Professor of Public Policy at the University of California, Berkeley, and Senior Fellow at the Blum Center for Developing Economies. He has served in three national administrations, including as Secretary…
The economy Trump handed off to President Biden:…
Posted February 5, 2021 at 12:34 pm by Heidi Shierholz The economy Trump handed off to President Biden: 25.5 million workers—15.0% of the workforce—hit by the coronavirus crisis in January The official unemployment rate was…
Hotelier Burned in Financial Crisis Loses Again in…
JW Marriott Santa Monica Le Merigot Source: MB Pictures/Shutterstock Source: MB Pictures/Shutterstock A hotel company that ran into trouble during the financial crisis is shaping up to be one of the biggest losers in the…
Can Money Buy You Happiness? Yes, But Theres…
Illustration: George Wylesol for Bloomberg Businessweek Illustration: George Wylesol for Bloomberg Businessweek That money can’t buy happiness is an age-old trope. Since the advent of modern public-opinion research, scholars have been trying to test it—with…
Oil Edges Higher as Market Weighs Supply Cuts…
A valve control wheel connected to crude oil pipework in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Oil in New York…
Single Winner Set to Claim Mega Millions $1…
Mega Millions lottery tickets are sold at a 7-Eleven store in the Loop in Chicago, on Jan. 22. Photographer: Scott Olson/Getty Images Photographer: Scott Olson/Getty Images Detroit (AP) -- Someone in Michigan bought the winning ticket…
Intel Chairman Gets Medtronic Backing for $750 Million…
Photographer: Qilai Shen/Bloomberg Photographer: Qilai Shen/Bloomberg Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in…
Japan’s Murky Credit Market Targeted by Transparency Rules
Pedestrians wearing protective masks in the Shibuya district of Tokyo. Photographer: Kiyoshi Ota/Bloomberg Photographer: Kiyoshi Ota/Bloomberg New rules from a major Japanese financial industry group to encourage transparency in the corporate bond market took effect…
The economy President-elect Biden is inheriting: 26.8 million…
We now have a full year of jobs data for 2020. This is an important moment to take stock of where things stand in the labor market. The official unemployment rate was 6.7% in December,…