A senior aide to a former mayor of Atlanta collapses on a courtroom floor after hearing that she is headed to prison. F.B.I. agents in Los Angeles haul away computers and documents during a raid of a veteran councilman’s office. News cameras trail the most powerful alderman in Chicago as he walks to court to […]
As President Trump leads a drive to slash taxes and pare back regulation, one major economy is taking a different approach. Under President Moon Jae-in, South Korea has raised taxes and the minimum wage in the name of economic growth. So far, it hasn’t worked out as planned. Growth has slowed, unemployment has risen and […]
The United States has long been the only industrialized country not to offer paid leave to new parents. Instead of waiting for the federal government, the incoming governor of California intends to change that in a significant way for families in his state. He is expected to introduce a proposal to give families six months […]
A billion dollars of tax revenue, the taming of the black market, the convenience of retail cannabis stores throughout the state — these were some of the promises made by proponents of marijuana legalization in California. One year after the start of recreational sales, they are still just promises. California’s experiment in legalization is mired […]
But not for much longer. Under federal rules, the full tax credit is available only on the first 200,000 cars that a manufacturer sells in the United States; two quarters later, the credit is reduced. Tesla reached that threshold in July. As a result, the credit available to Tesla buyers will fall to $3,750 for […]
Where are people thinking of moving to and from? An analysis of searches on real estate sites is the easiest way to find out. So that’s what Redfin did. The company recently examined searches of homes for sale by more than a million Redfin users in 90 metropolitan areas between July and September of 2018, […]
And yet, three years after the Paris agreement, when world leaders promised action, coal shows no sign of disappearing. While coal use looks certain to eventually wane worldwide, according to the latest assessment by the International Energy Agency, it is not on track to happen anywhere fast enough to avert the worst effects of climate […]
From New York to California, the nation’s agricultural workers are aging. They are also in short supply, as fewer immigrants are arriving to replace those who retire, and younger generations are finding less physically taxing work. In a 2017 survey of farmers by the California Farm Bureau Federation, 55 percent reported labor shortages, and the […]
The Yurok’s carbon-offset project, among the first of its kind in the United States, has become the tribe’s main source of discretionary income. It has helped the tribe buy back, to date, nearly sixty thousand acres—up from five thousand. “This has been a way for us to revive the economy in a way that aligned […]
The current employment boom should be a moment of opportunity for Job Corps: Companies report 6.7 million jobs unfilled because of the shortage of skilled workers, even as millions of inner-city and rural youths languish in poverty or dead-end jobs. Superficially, the system seems successful. Centers report that, on average, 87 percent of graduates at […]
Inside these restaurants, it’s evident that the forces making this one of the most expensive cities in America are subtly altering the economics of everything. Commercial rents have gone up. Labor costs have soared. And restaurant workers, many of them priced out by the expense of housing, have been moving away. Restaurateurs who say they […]
The number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that […]
People care about matrimony for good reason. Society has been profoundly shaped by what academics call assortative mating: the tendency of people to marry others resembling themselves. Educationally assortative mating rose for decades after World War II, as more people went to college and more good jobs were reserved for college graduates. Income inequality is […]
Net annual departures from California slowed to about 20,000 after the recession, but have climbed back to more than 100,000, according to the Census Bureau. “A lot of people feel like they want to get out while those markets are hot,” said Jaime Moore, a real estate agent based in Reno who is with Redfin, […]
The United States is on track to achieve the second-longest economic expansion in its history. Unemployment is at a 17-year low. And California’s state budget has a multibillion-dollar surplus. So why is its longtime governor, Jerry Brown, issuing prophecies of doom? . . . Mr. Brown’s statements highlight California’s distinction as a state of high […]