Why America's finance industry is good for white male bankers but bad for everyone else
Racial, ethnic and sexual inequality in the US has deepened as a result of the dominance of financial services, with white men becoming wealthier at the expense of women and minority groups.
Is the American dream dying?
Stars and stripes. Fireworks. Red, white and blue. For many Americans, summertime is a colorful celebration of freedom, independence and patriotism particularly around the 4th of July.
Study shows how an often illegal sales tactic contributed to housing crash
A study of home purchases during the real estate boom years in Chicago shows how one ethically murky and sometimes illegal - tactic used to sell homes may have contributed to the housing crash.
Many US families are underwater with debts: study
As the country emerges from the Great Recession, a substantial number of U.S. families are underwaterand not just with their mortgages.
'Energy poverty' a growing problem
(Phys.org) -- Low-income households in Australia are increasingly at risk of "energy poverty", a situation in which a household must spend more than 10 percent of its disposable income on energy bills, according to a paper ...
'Unfunded liabilities' a financial myth, expert says
A growing chorus of complaints about the U.S. government’s “unfunded” debts may be unsettling, but no cause to become unnerved, a University of Illinois tax expert says.
The Financial Bubble Experiment
Professor Didier Sornette from the Department of Management, Technology and Economics (D-MTEC) at ETH Zurich is convinced that financial markets are not just random. Consequently, his Financial Crisis Observatory ...
Study: Over 16-year span, Wisconsin teacher salaries lag private sector wages
New research by a University of Illinois expert in employment relations and labor economics shows that, for more than a decade, Wisconsin teacher salaries have fallen behind changes in the cost of living as well as wage growth ...
Cost of eating going up because of supply, demand
Food prices are high worldwide and many factors are causing the increase, according to a Kansas State University agricultural economist.
New Vermont law: Researchers to measure 'genuine progress'
"What you measure is what you get," said Nobel prize-winning economist Joseph Stiglitz. Soon Vermont may measure its economic well-being somewhat differently.
Dad's brains mean more to his son's success than his money: study
Sons of fathers with high incomes tend to end up with higher than average incomes themselves, but new research shows that it's not just dad's money that helps a son on his way.
A new theory on long-term unemployment
(Phys.org)—Companies rank more recently unemployed job candidates much higher than they would rank otherwise qualified applicants who have been out of work for more than six months, ...
Research links power and tendency to punish harshly
Often, employees are shocked by what they think is a supervisor's severe reaction to a subordinate's seemingly minor transgression. The supervisors who punish them seem to be so absolutely sure that they are doing the right ...
Research shows cellphone use may not cause more car crashes
For almost 20 years, it has been a wide-held belief that talking on a cellphone while driving is dangerous and leads to more accidents. However, new research from Carnegie Mellon University and the London School of Economics ...