Jacob Soll is a professor of history and accounting at the University of Southern California. He has published several books including The Information Master and The Reckoning: Financial Accountability and the Rise and Fall of Nations. His most recen...
In 2008, when the housing bubble burst and US markets crashed, a recession ensued—not just in the United States, but also around the world. Why? The power of the US dollar. The 1944 Bretton Woods Conference created the International Monetary Fund (...
March 2023 was one of the worst months for the banking industry in recent memory, and while much of the media coverage has focused on the failure of Silicon Valley Bank (SVB) and Credit Suisse, this turmoil has obscured a smaller, more interesting st...
It is no secret that the culture surrounding work has shifted in the wake of the Covid pandemic. The American labor shortage has occurred in tandem with the ‘Great Resignation,’ but this shortage is not just happening in the United States. Labor ...
It is no secret that the culture surrounding work has shifted in the wake of the Covid pandemic. The American labor shortage has occurred in tandem with the ‘Great Resignation,’ but this shortage is not just happening in the United States. Labor ...
In the early hours of September 15, 2022, the Biden administration closed a tentative deal between union negotiators and railroad companies to avoid a work stoppage that threatened to hamstring America’s already-fragile supply chain. Railroad worke...
In the early hours of September 15, 2022, the Biden administration closed a tentative deal between union negotiators and railroad companies to avoid a work stoppage that threatened to hamstring America’s already-fragile supply chain. Railroad worke...
After Hurricane Ian devastated large swaths of the island, Puerto Rico faces a colossal task: rebuilding its critical infrastructure and restoring power to the hundreds of thousands that lost it in the storm. Its efforts to address the damage will fa...
After Hurricane Ian devastated large swaths of the island, Puerto Rico faces a colossal task: rebuilding its critical infrastructure and restoring power to the hundreds of thousands that lost it in the storm. Its efforts to address the damage will fa...
Yvon Chouinard, the founder and CEO of outdoor apparel company Patagonia, has recently announced that he will be giving away his $3 billion company with the intention that all future profits will help fight climate change and protect undeveloped land...
Yvon Chouinard, the founder and CEO of outdoor apparel company Patagonia, has recently announced that he will be giving away his $3 billion company with the intention that all future profits will help fight climate change and protect undeveloped land...
For the past two years, the nature of work in the United States changed drastically. From March 2021 to July 2022, at least 3.7 million workers quit their jobs every month, the highest level on record since the Bureau of Labor Statistics first starte...
For the past two years, the nature of work in the United States changed drastically. From March 2021 to July 2022, at least 3.7 million workers quit their jobs every month, the highest level on record since the Bureau of Labor Statistics first starte...
As of late, rising rent has increasingly plagued large cities across the United States. Homeownership is a crucial aspect of building personal wealth and improving one’s socioeconomic status, but it has become unattainable for millions of American...
As of late, rising rent has increasingly plagued large cities across the United States. Homeownership is a crucial aspect of building personal wealth and improving one’s socioeconomic status, but it has become unattainable for millions of American...
On April 1 2022, an Amazon facility in Staten Island became the first in the company’s history to vote in favor of unionization. Amazon Labor Union has been advocating for the unionization of workers across the corporation since April 2021 and has ...
On April 1 2022, an Amazon facility in Staten Island became the first in the company’s history to vote in favor of unionization. Amazon Labor Union has been advocating for the unionization of workers across the corporation since April 2021 and has ...
When we enter a grocery store, we are immediately bombarded with all sorts of buzzwords: “cage-free,” “free range,” “sustainable,” “grass fed.” The list of labels is endless. Most of us are happy to pay a small premium for these produ...
When we enter a grocery store, we are immediately bombarded with all sorts of buzzwords: “cage-free,” “free range,” “sustainable,” “grass fed.” The list of labels is endless. Most of us are happy to pay a small premium for these produ...
Few public assistance programs in the United States have attracted as much political attention as the Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). These progra...
Few public assistance programs in the United States have attracted as much political attention as the Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). These progra...
President Joe Biden issued an executive order on February 11 declaring that he intends to split $7 billion of Afghan money currently held in the US Federal Reserve in New York between humanitarian aid for Afghanistan and compensation for the families...
President Joe Biden issued an executive order on February 11 declaring that he intends to split $7 billion of Afghan money currently held in the US Federal Reserve in New York between humanitarian aid for Afghanistan and compensation for the families...
The UN Convention on the Rights of the Child (UNCRC) is the most universally ratified human rights treaty in the history of the United Nations. The treaty lays out childrens’ civil, political, economic, social, and cultural rights, recognizing that...
The UN Convention on the Rights of the Child (UNCRC) is the most universally ratified human rights treaty in the history of the United Nations. The treaty lays out childrens’ civil, political, economic, social, and cultural rights, recognizing that...
After a year in office, President Joe Biden has yet to follow through on his campaign promise to relieve the student debt crisis. Forty-three million American borrowers are awaiting changes to their collective $1.5 trillion worth of student debt. Thi...
After a year in office, President Joe Biden has yet to follow through on his campaign promise to relieve the student debt crisis. Forty-three million American borrowers are awaiting changes to their collective $1.5 trillion worth of student debt. Thi...