The Robin Hood Tax

The Robin Hood Tax

I spent 22 years in the financial services business. Beginning in the 1980s, I worked at exchanges where we traded everything from futures on soybeans to shares of stock to options on interest rates. During these boom years for the U.S. and global financial markets,...
One Weak Domino

One Weak Domino

The stock market keeps going up and down like a yo-yo. I thought you’d like to know why. It’s Greece. Oh, not totally — there are other miscreants involved — but pretty much everyone agrees the Greeks are the first and foremost cause. This is...
Taxing the Wall Street Casino

Taxing the Wall Street Casino

A deregulated U.S. financial system spun out of control in 2008, sparking financial and job crises across Europe and into the developing world. As stock markets crashed and financial wealth evaporated, tax bases shrunk and the pressure to cut government spending grew....

Wake Me Up When It’s June

The poet who said April is the cruelest month obviously didn’t know about our May. As the month began, that unpronounceable Icelandic volcano kept spewing out tons of black smoke, soot, grit, acidic gases, and all manner of obnoxious things. Airports in Spain,...