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Barclays isn’t back to normal yet, whatever the promises

Jes

Barclays Plc CEO Jes Staley reckons he will keep his side of the bargain he struck with shareholders back in 2016. Back then, he cut the dividend to give him more space to speed up his overhaul of the bank. A bet on that effort paying off still needs a fair amount of faith. On February 22, Barclays reported a ...

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Trump’s team finds a new way to wreck Obamacare

The Trump administration’s latest strike on the Affordable Care Act is to expand the availability of so-called short-term health insurance. Don’t be misled by the seeming modesty of this idea. It’s an impressive combination of bad policy and bad faith. First, these aren’t short-term plans at all. They’d provide coverage for up to a year, much longer than required for ...

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New York’s booming housing market splits the city in two

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New York City has added an estimated 488,478 housing units since 1991. For a city that has added 1.1 million jobs over that same period, that’s not great, but it’s not terrible, either. Where things get complicated — and in some ways less encouraging — is in exactly what kind of housing it has added. These numbers are from the ...

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