Washington Dysfunction Can Be Precisely Dated: 25 January 2001

Washington budget battles have rendered American government dysfunctional, with little likelihood that the horizon will brighten any time soon. The key issue giving the rebel tea partiers lift and credentialing their budget demands is the rising American national...

“Average CEO Compensation, 2008” (Chart)

This chart shows that U.S. CEO compensation is about double Australia or northern Europe when stock options are included. Yet, US firms’ investment, productivity, and wage growth is weak. Never has so much been earned by so many for such little performance. U.S....

“Productivity Change Nonfarm Business Sector” (Chart)

​This chart based on US Government data that shows productivity growth slowed by one-third, to less than 2 % after 1979. The reason? CEOs switched focus to spiking earnings by cutting R&D, cutting investment, and compressing wages. Investment fell and so did...