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Business

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  • Wandering Eye: Proof that trickle-down economics are harmful, UVA fraternities fight back, and more

    Wandering Eye: Proof that trickle-down economics are harmful, UVA fraternities fight back, and more
    The Organization for Economic Cooperation and Development (OECD) in Paris has taken a deep, data-driven look at the effects since the 1980s of trickle-down economics, the signature economic-policy achievement of the era of Ronald Reagan and Margaret Thatcher, and concluded that it accomplished two things: increased income inequality and depressed economic growth. Turns out, "countries where income inequality is decreasing grow faster than those with rising inequality," the OECD concludes, and "in Italy, the United Kingdom and the United States, the cumulative growth rate would have been six to nine percentage points higher had income disparities not widened" in the two decades leading up to the Great Recession. The research also looked for but found "no evidence that redistributive policies, such as taxes and social benefits, harm economic growth, provided these policies are well designed, targeted and implemented." Smart news, coming just in time to inform debate in the new GOP-led U.S. Congress. (Van Smith)
  • Baltimore's New Deal: WPA-level spending has the power to remake the city, but much of it might be going away

    Baltimore's New Deal: WPA-level spending has the power to remake the city, but much of it might be going away
    Baltimore City’s first manufacturing forum took place on Oct. 7 in the Hilton, a deluxe hotel the city spent $300 million to build, which has lost about $50 million since its 2008 opening.  Caron Brace, the Mayor’s press secretary, and...

    Educate yourself on the monsters running for office this election day

    Educate yourself on the monsters running for office this election day
    All 373,171 registered voters in Baltimore City are free to cast ballots in the Nov. 4 general elections—if they haven’t already, since early voting opened on Oct. 23. It’s an opportunity many voters either couldn’t or didn’t...

    Just Business?

    Just Business?
    Kenneth W. Watford says he is here because of an injustice.  Sitting on the other side of the sloppily caulked double Plexiglas window, his wide face and short cropped hair flecked with gray leaning into a flat microphone and speaker affixed to the...

    All Wet?

    All Wet?
    After Baltimore City wrested its water and sewage system away from the private Baltimore Water Company in 1854, the municipal system expanded and made improvements, so much so that by 1914 the city crowed about its “finest in the world” new...