Allison Schrager

Many public pensions investing in private equity do not have enough assets to pay out all their promised benefits

Some downtowns in American cities are shells of their former selves. The University of Toronto School of Cities collects data on cell phone usage compared to 2019 in North American cities. According to their data, Salt Lake City has never been more active. It has more than recovered in terms of crowds. But downtown San Francisco is […]

American meritocracy has slowly devolved into rewarding people with the most perfect records, stifling the creativity and risk-taking our country needs most to thrive.

The American economy keeps on keeping on because consumers keep spending. But there are reasons to believe that they will start to cut back. Households are burning through their pandemic saving and access to cheap credit is dwindling as interest rates rise. The figure below from Moody’s shows that younger Americans have been piling on auto and […]

Adriana Kugler would tilt the central bank toward a labor market focus when inflation expertise is needed.

Celebrity photographers are a victim of our modern times, just like the royal couple.

A car chase through a major city; a member of the British royal family pursued by paparazzi desperate for their money shot

During the pandemic the CDC imposed an eviction moratorium which forbid landlords from evicting tenants who did not pay their rent. It was finally lifted in 2021 but remained in some states and cities until well into 2022. This was in spite of generous government benefits in 2020 and 2021, and then a booming economy and […]

While some politicians boast of a thriving economy, inflation is eating away Americans’ spending power, and no amount of data spin will make that feel good.

Target proves yet again that companies are better off avoiding the minefield of social activism and just concentrating on making money for shareholders.