From 2009 to 2012, the U.S. experienced a significant economic recovery, in which average real income growth jumped by 6 percent. That’s the good news. The bad news is that almost all of that increase -- 95 percent - - was enjoyed by those in the top 1 percent of the income distribution.
Fresh off a stint as a counter- terrorism adviser on Bill Clinton’s National Security Council, attorney Lee Wolosky was hoping to return to law. Most firms, he says, saw a guy with a two-year experience gap who’d need to start near the bottom.
Elizabeth Warren, in her first year as a U.S. senator, has captured headlines by pressuring such industry titans as Goldman Sachs Chairman Lloyd C. Blankfein for transparency, including a Dec. 4 call for Wall Street banks to disclose their contributions to policy groups that provide financial analysis to Congress.
Citigroup Inc. and Wells Fargo & Co. were accused of discriminatory mortgage lending by the city of Los Angeles, which seeks damages for reduced property tax revenue and the costs of maintaining foreclosed properties.
Over the past few years, many nations have adopted policies that promise to improve people’s lives while preserving their freedom of choice. These approaches, informed by behavioral economics, are sometimes called nudges.
Working in secret like the programs they’re reviewing, five men with high-level security clearances and ties to President Barack Obama will soon deliver a report that’s likely to reshape U.S. government surveillance.
Here is a famous finding from social psychology. If you want to encourage people to get vaccinated against some disease, it helps to educate them about the benefits of vaccination. But you’ll have a much bigger impact if you give people a map, showing them exactly where to go to get a shot.