Tax Cuts Don’t Always Exacerbate Inequality
Despite the conventional wisdom, Noah Smith finds that some of the biggest income gains for the top 1 percent in the U.S. have come when taxes were raised. But the question remains: Why?
Trump Spares GOP a Reckoning on Economic Policy
The rise of Donald Trump has forced the Republican Party to reckon with racism, xenophobia and misogyny deep in its base, and that’s enough for now. But Francis Wilkinson argues that the next GOP candidate will have to confront a harsh reality: Republican economic orthodoxy is really, really unpopular.
China Returns to Pedal Power
Thirty years ago, most Chinese commuters traveled by bike — and after a surge in car-ownership has left cities clogged with traffic, Adam Minter reports that two-wheeled transit is coming back in style.
What a Court Got Wrong About Dreadlocks and Race
Banning dreadlocks in the workplace doesn’t amount to racial discrimination, a U.S. federal court recently ruled. Noah Feldman says the decision reflects a fundamental lack of cultural understanding (and came down to a basic error of language).
The Sunshine State’s Orange Industry Enters Its Sunset Years
Even if the disease ravaging Florida’s citrus groves can be stopped, Americans may never regain their taste for a glass of juice with breakfast. Justin Fox explains why we live in a post-OJ world now.
- Actually, many “inner cities” are doing great (NYT/Upshot)
- Rising sea levels and a falling margin of safety (CFA Institute)
- One of America’s biggest meat companies just invested in vegan burgers (Vice)
(Read Barry Ritholtz’s full daily news roundup.)
- Stumpf takes one for the team
- Brexit takes Brent crude prices back in time
- Singapore shouldn’t spare the rod in disciplining banks
(Read more from BV’s sister site for fast business commentary.)
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