The global economy’s weird problem is that we have too much stuff

The global economy’s weird problem is that we have too much stuff

Excesses in capital, labor and commodities are challenging some of the basic principles of conventional economics.It ought to be a good thing that human society is richer than ever before, so rich that the storage tanks in Cushing, Okla., are nearly overflowing with crude oil and some 110 million bales of cotton are sitting in warehouses around the world, as Josh Zumbrun and Carolyn Cui report in The Wall Street Journal.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

AT&T stumbles in helping customer with $24,000 phone bill

AT&T stumbles in helping customer with $24,000 phone bill

It wasn't what Ron Dorff said. It was how he said it. The 83-year-old Woodland Hills resident wanted to let me know he was having problems with his phone company, AT&T. I get calls like this every day. But Dorff's desperation was clear. I could hear it in his voice. "It's the bill," he explained. "The company says I have to pay it. I can't pay this bill." I asked how much it was for. "Twenty-four thousand dollars," Dorff replied. Clearly something screwy was going on.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Is Downloading Really Stealing? The Ethics of Digital Piracy

Is Downloading Really Stealing? The Ethics of Digital Piracy

You wouldn't steal a car, you wouldn't steal a handbag, you wouldn't steal a television. But what about downloading pirated films? Is intellectual property infringement really morally equivalent with common theft, such as snatching someone's handbag? Read philosopher Christian Barry's take on this issue.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

New bank fees target kids’ accounts and allow ‘double-dipping,’ say customers

New bank fees target kids' accounts and allow 'double-dipping,' say customers

Banking fees are going up at all of Canada's five big banks, but some customers of RBC in particular are outraged about the changes. They're accusing Canada's biggest bank of targeting children and those who can least afford it.​

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

NFL Relinquishing Tax-Exempt Status

NFL Relinquishing Tax-Exempt Status

Every so often, in a bid to sound threatening, a member of Congress has vowed to revoke the NFL's tax-exempt status. Now Commissioner Roger Goodell says the league will give it up voluntarily to "eliminate this distraction." One result is that Goodell's compensation — about $35 million 2013, and approximately $44 million in 2012 — will no longer need to be made public.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite