Institute for New Economic Thinking
Banning Buybacks [Bill Lazonick]
Companies like Apple and Google make billions for rich investors by buying back their own stock—at the expense of workers, the public, and the planet.Economist Bill Lazonick says it’s time to ban the stock buyback scam.William Lazonick...
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Why Free Tax Prep Is So Hard To Find
Tax-preparing companies have spent millions lobbying Congress to avoid simplifying the tax code and tax filing, according to ProPublica.
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Dow Falls More Than 2,000 Points Due To Coronavirus, Oil Price Drops
The coronavirus has led to a global drop in demand for oil, but Russia has refused to limit production.
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EBay Is Selling StubHub To Viagogo For More Than $4 Billion
The deal could face some hiccups, thanks to past regulatory scrutiny of both StubHub and Viagogo.
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Charles Schwab To Buy TD Ameritrade In $26B Deal
CNN reports the combined company would handle 24 million customer accounts with more than $5 trillion in client assets.
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Audi To Cut Thousands Of German Workers
The job cuts are in an effort to shift its focus to electric vehicles.
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The Future of Facebook's Currency Looks Rocky As It Loses Supporters
Facebook is facing legal scrutiny over the rollout of Libra, and that's leading some of its partners to step away from supporting the currency.
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President Trump Says He'll Soon Sign 'Phase 1' Trade Deal With China
President Trump said on Twitter Tuesday the signing will take place during a ceremony at the White House on Jan. 15.
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Economists: U.S. Entered Recession In February Due To COVID-19
The National Bureau of Economic Research says the recession began in February, right after the economy peaked.