It is common knowledge that professionals are more likely to marry and less likely to divorce than less educated workers. But according to sociologist Andrew Cherlin, the picture has become more complicated as real wages decline.
After many high profile failures to reform banking, thwarted by the power of the banking lobby, including efforts to break up banks “too big to fail,” it now seems that a simple and obvious rule has made a significant difference.
Awareness of our still growing income inequality has spread widely, and new accounts are accumulating weekly in the media. But this growing consensus is now starting to obscure something even more ominous,
Faced with yet another massacre of innocents, we all too readily think of it as “senseless” or “insane.” If the acts are horrifying we sometimes think of them as “evil;” if just random they seem crazy.
The wisdom of crowds doesn’t apply to picking stocks.
A new study published in the Journal of Portfolio Management shows that “hot stocks,” those that generate a lot of buzz and, as a result, move a lot, generally do not do well.
Presumably corporations would not want to overpay their CEOs, which is why they hire “compensation consultants.” The consultants study the publically available information on comparable CEO compensation so that they can benchmark their peers.
But it doesn't seem to work.