Recent Posts

Ascena’s bankruptcy is scariest yet

In the latest example of how the world of brick-and-mortar retail is being overwhelmed by the pandemic, specialty apparel conglomerate Ascena Retail Group Inc — corporate parent of Ann Taylor, Lane Bryant and other chains — filed for Chapter 11 bankruptcy protection. The company said its restructuring plan will allow it to reduce its debt by $1 billion. It also ...

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US’s school closing costs differ by ZIP code

As communities prepare to reopen their public schools, many parents, students and teachers alike worry that it’s still too soon. But the evidence tells us that the longer that physical classrooms stay closed, the less students will learn, and the gap between haves and have-nots will grow even wider. The governor of Florida is being sued by the teachers’ union ...

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The EU’s “Robin Hood” tax is being resurrected

When the European Union first suggested a tax on financial transactions a decade ago, the idea was savaged by banking lobbyists and nixed by many of the bloc’s members. The UK said it was “madness.” The initial ambition to raise up to 35 billion euros ($40.6 billion) a year was reduced to a mere 3.5 billion euros, with only 10 ...

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