Economy

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It Sure Looks Like Trump Is About to Weaponize the IRS

In an exclusive story on Wednesday, the Wall Street Journal reported on the Trump administration’s plans to weaponize the IRS, much as he has weaponized the Department of Justice, against his perceived enemies. “Sweeping changes” are planned, the Journal reported, citing anonymous sources, “that would allow the agency to pursue criminal inquiries of left-leaning groups […]


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Did MAGA Conspiracy Theories Doom the Lab-Grown Burger?

Scientists once predicted meat-making machines on every kitchen counter, but so far cultured meat—grown from the cells of an animal in a lab or factory—has only been seen at a handful of high-end restaurants. There are entirely practical reasons the stuff has yet to make its debut at McDonald’s, but also bizarre, conspiratorial ones; some […]


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Indigenous Nations Plan Tariff-Free Trade Corridor Across US-Canada border

This story was originally published by Canada’s National Observer and is reproduced here as part of the Climate Desk collaboration. Just west of Fort Qu’Appelle in Saskatchewan, the Standing Buffalo Dakota Nation is working across the US border to revive centuries-old trade routes as part of a new Indigenous-governed trade corridor.  Trucks from the First Nation could soon be […]


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Sam Bankman-Fried and the Multibillion-Dollar Drama Over FTX’s Ruins

Sam Bankman-Fried nervously sheds his dark brown prison jumpsuit to reveal athletic shorts and a loose-fitting gray T-shirt. “There’s this extremely dumb cat and mouse game where, for reasons no one has ever bothered to articulate, between the hours of like 6 a.m. and 3 p.m. on weekdays, the only clothing we’re allowed to wear […]


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The Government Shutdown Means No Jobs Data—Conveniently for Trump

One of the many casualties of the government shutdown is the critical jobs report administered by the Bureau of Labor Statistics (BLS)—and much maligned by President Donald Trump—which economists say is especially needed in light of predictions that the US could soon enter a recession. The BLS data, which features estimates of employment and earnings […]


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How a Warming Planet Has Made Home Insurance Increasingly Unaffordable

This story was originally published by Yale e360 and is reproduced here as part of the Climate Desk collaboration. For decades, Sanibel Island, one of the most treasured vacation resorts in America, was an insurance agent’s dream. Year after year, the 5,000-odd residents of the barrier island on Florida’s Gulf Coast wrote checks for their home and flood […]


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New Hampshire and Vermont Could be Next to Introduce “Balcony Solar”

This story was originally published by Canary Media and is reproduced here as part of the Climate Desk collaboration. Small solar-panel kits that can be assembled as easily as an Ikea bookcase and plugged into a regular residential outlet could be coming soon to New Hampshire and Vermont. Lawmakers and advocates in both states are preparing legislation that would […]


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How America’s Elite Colleges Breed High-Status Careers—and Misery

To say that Justin Portela never imagined himself as a highly paid business consultant at McKinsey & Company would be an understatement. He didn’t have a privileged upbringing, to put it mildly, and in 2018, when he first walked onto the Stanford University campus, Portela, like most incoming freshmen, was unaware such careers even existed. […]


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Study Links Oil Giants’ Emissions Directly to Dozens of Deadly Heatwaves

This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Carbon emissions from the world’s biggest fossil fuel companies have been directly linked to dozens of deadly heatwaves for the first time, according to a new analysis. The research has been hailed as a “leap forward” in the legal battle […]


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The Cruel Catch-22 of Cash Aid

The Covid-19 pandemic’s stimulus checks and tax credits helped mainstream the idea that government could help unwealthy people through hard times by simply giving them cash—without conditions like work requirements or stringent income limits. Since then, the push for guaranteed income for the poorest Americans, for whom wage stagnation, inequality, and the disappearance of blue-collar […]


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Let’s Review Trump’s Week of Massive Legal Losses, Shall We?

It was a week of so much losing. Over the past week, President Donald Trump and his authoritarian agenda have sustained one loss after another in the courts. Putting all of them together reveals a stunning legal rebuke, and unsurprisingly, Trump World has been erupting with anger and petulance. Let’s review: On top of all […]


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