James Surowiecki
The New Yorker
The Week
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So what about the millions of homeowners who are underwater on their mortgages? They too can still pay their debts, “but doing so is like setting a pile of money on fire every month.” While corporations get praised for staging strategic defaults, these homeowners are painted as “dishonorable deadbeats” if they walk away from their mortgages.
“The double standard here is obvious and offensive.” Mortgage-holders are constantly admonished to be morally upright and “to think of more than the bottom line.” Banks and corporations, meanwhile, conduct their business in “coldly rational terms.” Their hypocritical message: “Do as I say, not as I do.”
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Tariffs: Will Trump’s reversal lower prices?Feature Retailers may not pass on the savings from tariff reductions to consumers
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American antisemitismFeature The world’s oldest hatred is on the rise in U.S. Why?
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Trump: Is he losing control of MAGA?Feature We may be seeing the ‘first meaningful right-wing rebellion against autocracy of this era’
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Issue of the week: Do high-speed traders rig the market?feature Wall Street is abuzz over high-frequency trading.
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Issue of the week: How Yellen spooked the markets
feature At her first press conference, the new Federal Reserve chair made the mistake of indicating when the Fed would raise interest rates.
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Stop calling women ‘bossy’
feature Let’s ban “She’s bossy.” Instead, let’s try, “She has executive leadership skills.”
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Issue of the week: GM’s recall disaster
feature Mary Barra is facing “her first big test” since she took over as GM’s new CEO in January: a recall of more than 1.6 million vehicles.
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Issue of the week: Who gets Fannie’s and Freddie’s profits?
feature Fannie Mae’s and Freddie Mac’s shareholders want their money back.
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Issue of the week: Comcast buying Time Warner Cable
feature Has Comcast won the cable wars?
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Issue of the week: AOL’s million-dollar babies
feature AOL’s “gaffe-prone” CEO, Tim Armstrong, “got in some hot water” last week.
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Issue of the week: Why Google unloaded Motorola
feature Three years after shelling out $12.5 billion for Motorola, Google announced its sale to Lenovo Group for $2.9 billion.