Companies keep losing your data because it doesn't cost them anything

Data breaches keep happening, they keep getting worse, and yet companies keep collecting our data in ever-more-invasive ways, subjecting it to ever-longer retention, and systematically underinvesting in security. Read the rest

Americans have no savings, with good reason: housing, education and health care costs are out of control, wages are stagnant, and the Fed has suppressed interest rates

The American savings crisis is a time-bomb, as multiple generations hurtle toward retirement with effectively no savings, and experts are now saying that having $1 million in the bank on retirement day isn't enough. Future generations will either have to let their parents starve or compromise their own ability to produce the next generation while caring for the previous one (this is the crisis underway in China and Japan right now). Read the rest

Generations aren't really important (but class is)

Everything attributed to Millennials was attributed to Gen X and Boomers and, well, everyone, pretty much (every time someone tells you that Millennials aren't interested in working and have no ambition, just think about the alleged "slacker" phenomenon in Generation X). Read the rest

How Minnesota's governor performed an economic miracle by raising tax on the rich and increasing minimum wage

By every measure, Minnesota governor Mark Dayton's five year run as governor has been a stellar success: while Tim Pawlenty, his tax-slashing, "fiscally-conservative" Republican predecessor presided over a $6.2B deficit and a 7% unemployment rate (the mere 6,200 jobs added under Pawlenty's 7-year run barely registered), Dayton added 172,000 new jobs to the Minnesota economy, brought Minnesota down to the fifth-lowest unemployment rate in the country, and brought the average Minnesotan income up to $8,000 more than the median US worker, while posting a $1B budget surplus. Read the rest