Wednesday, March 14, 2018

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Amir Sufi and Atif Mian discuss how household debt tends to drive both the booms and busts of the business cycle. Which means there's plenty of reason for concern about a Canadian economy reliant on household debt to paper over income insecurity and inequality - and Michal Rozworski highlights how those trends are playing out even when looking only at wages.

- Meanwhile, Andy Blatchford reports on the Bank of Canada's research showing how universal affordable child care could provide an economic boost (as well as far greater career opportunities for women in particular).

- J.W. Mason traces U.S. corporate cash flows over the past six decades - including both the recent drop in the wage share (masked earlier only due to increased health care costs), and a stark jump in share repurchases even when it means going into the red. And Adam Winkler notes that the concept of corporate rights is built on a foundation as deceitful and misguided as the anti-social policies now pushed based on the valuation of corporations over people.

- PressProgress points out the public's strong desire to close tax loopholes and generally make sure that corporations pay their fair share. And Jose Antonio Campo discusses the need for international cooperation to prevent businesses from ducking any contribution to the people who make their profits possible.

- Finally, Trevor Hancock comments on the importance of incorporating nature into our urban living spaces.

No comments:

Post a Comment