Vanguard says shareholders can vote for profits over ESG issues
Asset manager gives investors greater say on proxy votes as it tries to navigate backlash to ‘woke’ policies
Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage
Hurricane Beryl tore up homes in Freeport, Texas, in July 2024. Brandon Bell/Getty Images)Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.
Robo price-fixing: Why the Justice Department is suing a software company to stop landlords colluding on rents
Landlords don't have to communicate directly to collude on rental prices. AP Photo/Gene J. PuskarOf all the reasons it could be hard to pay rent each month, did you have an algorithm-powered illegal cartel on your list?
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
The total value of assets held by donor-advised funds is soaring. imaginima/E+ via Getty ImagesDonor-advised funds, or DAFs, are financial accounts funded by donors to support future charitable work.
Dorothy Allison was an authentic voice for the poor, capturing the beauty, humor and pain of working-class life in America
Dorothy Allison channeled her impoverished childhood into a richly crafted world that retained its gritty origins. Sophie Bassouls/Sygma via Getty ImagesDorothy Allison, who died on Nov.
The Serviceberry: this Indigenous understanding of nature can help us rethink economics
In the tension between ecology and economics lies an uncomfortable truth: while both words share a root in “eco” (from the Greek oikos, meaning home), our modern economies often seem to overlook the home we all share – the natural world.
AI feels like an unstoppable force. But it is not a panacea for businesses or society
DIA TV/ShutterstockIn Greek mythology, Prometheus is credited with giving humans fire as well as the “spark” that spurred civilisation. One of the unintended consequences of Prometheus’s “gift” was that the need for celestial Gods diminished.
Singapore oil trader sentenced to 17 years for ‘cheating’ HSBC over $112mn
Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption
Post-election blamestorming or Why Harris lost and the Democrats should nominate Oprah
As an American expat in Europe, it is a familiar quadrennial exercise to be called upon to explain to friends, colleagues, and even random strangers in shops why America elected who they did as president. The reasons this year are both complex and simple
Low firm productivity: the role of finance and the implications for financial stability
Productivity growth in the euro area has been declining for several decades. In light of the importance of bank lending as a source of external funding for euro area firms, this special feature investigates the link between firm productivity and bank credit allocation. Bank credit in the euro area has been skewed towards sectors that have contributed only marginally to aggregate productivity growth, such as real estate. Additionally, bank loans tilted towards less-productive firms within the same sectors during the COVID-19 pandemic, supported by state credit guarantees.
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