Attention to the Unseen

The Washington Post reports: The organization representing the nation’s most powerful chief executives is rewriting how it views the purpose of a corporation, updating its decades-old endorsement of the theory that shareholders’ interests should come above all else. The new statement, released Monday by the Business Roundtable, suggests balancing the needs of a company’s various constituencies and comes at a time of widening income inequality, rising expectations from the public for corporate behavior and proposals from Democratic lawmakers that aim…

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Elizabeth Warren writes: I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen. Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings. I’ve spent most of my career getting to the bottom of what’s happening to working families in America. And when I saw the seeds of the 2008 crisis…

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Politico reports: Wall Street hoisted another hurricane warning on the economy on Wednesday as fear continues to rise that a recession could arrive by next year, potentially crashing into President Donald Trump’s attempt to win a second term. This time, the warning came from the bond market where investors began to demand more interest on two-year Treasury debt than 10-year debt, an “inversion” of a measure known as the yield curve that last happened in 2007 before the financial crisis….

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Elizabeth Warren writes: I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen. Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings. I’ve spent most of my career getting to the bottom of what’s happening to working families in America. And when I saw the seeds of the 2008 crisis…

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Andy Beckett writes: For almost half a century, something vital has been missing from leftwing politics in western countries. Since the 70s, the left has changed how many people think about prejudice, personal identity and freedom. It has exposed capitalism’s cruelties. It has sometimes won elections, and sometimes governed effectively afterwards. But it has not been able to change fundamentally how wealth and work function in society – or even provide a compelling vision of how that might be done….

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The Washington Post reports: President Trump’s surprise announcement of an escalating series of new tariffs on all goods imported from Mexico is likely to upend hopes for early congressional action on his proposed North American trade deal and trigger economic upheaval on both sides of the border, according to trade analysts and business executives. Business leaders reacted with dismay to Trump’s statement Thursday that he would impose a new 5 percent tariff on all goods from Mexico beginning June 10…

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