Struggling With Credit Card Debt? There's An App For That
Using fintech tools to monitor your finances may lead consumers to avoid overdraft penalties and interest payments, according to a new study. But it also can lure younger users into unnecessary spending and credit card usage.
There's A Direct Link Between Tax Evasion And Income Inequality
Using the notorious Panama Papers and a similar leak of information on clients of the British bank HSBC, researchers in the U.S. and Scandinavia found that the wealthier households are, the more likely they are to hide money in nations like Switzerland and the Cayman Islands — making inequality appear less extreme than it is in reality.
Where Your Parents Went To College Still Matters For Admissions. Here’s Why
Daniel Golden — the author of "The Price of Admission," which pointed out the somewhat sketchy history of Jared Kushner's Harvard acceptance — spoke to IBT about the repercussions of preferential treatment for legacy students, in light of a recent eyebrow-raising survey from the university's newspaper.
Court Rejects Environmental Groups' Attempt To Block EPA’s Delay Of Chemicals Rule
As responders dealt with the crisis at the Arkema chemical plant in Texas, the Washington D.C. Circuit Court denied environmental groups' attempts to keep the EPA from delaying a rule on chemical disclosures and emergency preparedness.
Millennials' Best Chances Of Climbing The Ladder, According To Two Recent Studies
With student debt and an evolving job market, the paths to socioeconomic mobility may not be as straightforward as they once were, as two recent studies show.
What Can Trump Learn From Local Governments? How Not To Handle Infrastructure
Chicago's parking meters, Texas' State Highway 130, Virginia's Elizabeth River tunnels — where did they go wrong? Hint: The devil is in the (contractual) details.
Millennials Have Another Debt Crisis You May Not Have Heard Of
Millennials aren't big-time credit card users, but a substantial portion have subprime credit, and face daunting obstacles on their way to a higher score.
Companies Linked To Mike Pence Seek An Upper Hand In Infrastructure Policy
Dozens of firms, many of them foreign, are hiring lobbyists to get an edge over rivals when it comes to the White House's infrastructure plans. Several of them have prior connections to the officials they're lobbying.
Why Are Drug Prices So High? These Politicians Might Have The Answer
At various levels of government — federal agency leaders, state offices, Congress — individuals have taken steps to protect the pharmaceutical industry at the expense of sick consumers.
Millennials Are Having Kids Before Marriage, And Suffering Financial Consequences
Millennials are having children prior to or even without marriage at historically high rates, and while greater cultural acceptance of different lifestyles may be a good thing, foregoing matrimony in a less-than-favorable economic environment may not be.
If Pence Shapes Trump’s Infrastructure Plan, Who Would Profit? Who Would Pay?
Mike Pence’s handling of privatization deals for Indiana roads reveals how the vice president might shape the administration’s $1 trillion plan to rebuild America. Who would profit, and who would pay?
How Changing Corporate Tax Rates Affects The Economy, Government Revenue
Adjustments to the corporate income tax rate have little impact on how much companies actually pay, says a new study: Closing loopholes matters more.
Millennials Are Splitting Into Haves And Have Nots
Young workers are divided over whether to hike the federal minimum wage to $15 — even though at least half of those earning $7.25 or less are members of America's largest generation.
Why Are Drug Prices So High? The Fight Over A Price-Gouging Bill
Connecticut Gov. Dannel Malloy opposed a bill to curb drug price fraud — while insurance and pharma money poured into his governors' association and his insurance commissioner maintained a close relationship with the industry.
As Mnuchin Discusses Tax Reform, Business Groups Lobby To Shape Tax Policy
Business advocacy organizations and Koch-affiliated political groups have been gearing up for tax reform — spending millions to influence it.
How The ‘Pivot To Video’ Is Transforming The Job Market
Is all this talk of a “pivot to video” translating to an explosion in production and film hiring across the entertainment, journalism and marketing industries? The short answer is “yes.”
Why Some Students Excel In College While Their Classmates Don't
In their previous research, study authors noticed that students who performed well in high school exhibited vastly different achievement levels in college. In their new research, they explain why.
Despite Lawsuits Over Drug Prices, Insurance Giant Touts Revenue Growth, Claims To Have Lowered Drug Costs
Executives overseeing UnitedHealth's pharmacy benefit management said they were working to lower drug costs for consumers. The multiple plaintiffs who’ve filed class-action lawsuits against the company might disagree.
Goldman Sachs Keeps Quiet About Deregulation, Despite How Much Money It Spends To Influence Policy
While the bank’s CFO wouldn’t comment on major financial regulatory measures, Goldman spends big on efforts to influence policy.
What Do The Big Banks Think Of Washington? To Find Out, Just Listen To Them
Talking to investors on their second-quarter earnings calls, Jamie Dimon railed against the “stupid shit we have to deal with,” while Citigroup CEO Corbat looked forward to having more “people in the seats” with power over bank regulation.
How To Ask For Your First Raise, Real Feedback From Your Boss And More, From An Expert On Leadership At Work
Leadership consultant Stacey Hanke offered advice for millennials getting started at their first full-time, long-term jobs, including how to pop the big question later on.
Who Benefits From The Arbitration Rule, And Who Wants It Repealed?
Behind what many frame as a battle in the name of either consumer protection or legal-system waste lies a fight between big bank and attorney lobbyists with vested interests.
How Many People Have Side Hustles? Young Workers Are Most Likely To Have Secondary Income
The prevalence of side jobs among younger workers, experts say, likely has more to do with the ease of access that comes with technological innovation than with the student debt crisis.
California Health Care Fight May Show Democratic Party Future In Trump Era
Democrats' move to block a health care initiative they once supported spotlights the party’s populist challenge in the Trump era.
Can Drinking Ruin Your Career? No, But It Can Drain Your Bank Account
New studies reveal the financial impact of heading to the bar after work.
With Whole Foods, Amazon Could Win Access To Food Stamp Funding — But No One Knows How Much
As Whole Foods opens stores in low-income neighborhoods, it's likely gaining access to billions of taxpayer dollars — adding to the sizable bundle of government subsidies that already goes to Amazon.
Job Losses Hurt How A Community’s Children Perform In School, Study Says
Two authors of a recent study discuss the harmful effects of layoffs on children and adolescents — even those whose parents weren’t directly affected.
Why The Koch Brothers Have So Much Influence On Trump: It Starts With Pence
Of the 23 senior White House officials with direct policy influence, 16 have some connection to the billionaire political donors, says a new report. Vice President Pence is a longtime Koch ally.
How To Stop Drug Prices From Rising? New Study Points To Single-Payer Health Care System
As the Trump administration's health care bill was making its way through the Senate, a research study looked at how different developed nations' health care systems affect drug prices. They didn’t even bother to examine the U.S. system.
When Should You Start Saving For Retirement? How Women Can Get An Early Start On Financial Planning
Listen up, female millennials: It's time to get "financially naked."