Americans pride themselves on their intergenerational mobility. Our nation’s exceptionalism is organized around the American dream: No matter where you come from and no matter who your parents are, you can rise to the top of the economic ladder, so long as you are willing to commit yourself and work hard.
Jim Yong Kim once slept in his office and drove dusty roads to help his patients in a slum near Lima. When he returned to Carabayllo in Peru two decades later as World Bank president, a motorcade whisked him from a luxury hotel past welcome signs on banners and brick walls.
Jean Coutu Group Inc., the second- best performing pharmacy stock in North America in the past three years, is poised to buy up smaller rivals as it hoards cash amid consolidation in Canada’s retail industry.
New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against teachers.
Alex Rodriguez made his season debut for the New York Yankees on the same day he received the longest drug-related suspension in Major League Baseball history and was jeered by fans in Chicago every time he came up to bat or fielded a ball at third base.
California state and local sales tax revenue is growing slower than the economy because prices for services, which are untaxed, have risen four times as fast as costs for goods since 1980, a report shows.