I’m sitting in the Phoenix Airport, waiting for the redeye back to NYC. Why was I in Phoenix? To attend the graduation ceremony for the Thunderbird School of Global Management. Why would I do that? Well, they recite something at the Thunderbird graduation that seemed the basis of a good column. We’ll see about that, [...]
More and more companies are cutting worker pay. I wrote a story about that a few weeks ago for the Global Business section of our magazine. I started thinking about it again last week after hearing that EMC, which makes data storage hardware, is reducing tens of thousands of salaries by 5%. The forward march [...]
Noam Scheiber has a nice explanation of why mortgage cramdowns lost out in the Senate Thursday but safe harbor for mortgage servicers will probably make it into law. Both provisions are about making it easier to change the terms of troubled mortgages—in particular by reducing the amount owed to reflect the collapse in home values [...]
