Wal-Mart has just announced higher wages and one-time bonuses for most of its workers — linking the news to the corporate tax cuts signed last month by President Donald Trump. It joins a growing list of companies saying “Thank you” to the president by raising their employees’ pay. The White House is crowing (its celebration only slightly dimmed by Wal-Mart’s ...

The National Oceanic and Atmospheric Administration this week released its list of climate events that have had the greatest economic impact on the US from 1980 to 2017. At $306 billion, last year’s sustained costs due to weather disasters was 43 percent higher than in 2005, which had hurricanes Katrina, Rita and Wilma. Hurricane Harvey alone caused $125 billion in ...

Behavioural economics has always met with a bit more resistance than it deserved. This is true even though a number of behavioural researchers have won the Nobel—Daniel Kahneman, Robert Shiller and Richard Thaler just last year. Despite this and other forms of official recognition at the highest levels, there continue to be some economists who have an almost instinctive aversion ...