Category: Finance

When the Exxon Valdez spilled more than 11 million gallons of oil into Alaska’s Prince William Sound in 1989, Exxon President Lee Raymond oversaw the cleanup and a US$1 billion federal settlement for the extensive damage to the coastline and wildlife. Afterward, he helped lead a 14-year legal battle that ultimately got courts to cut […]

American political leadership skews decidedly older than the population as a whole. President Donald Trump turned 80 years old on June 14, 2026. The median age for senators is nearly 65, and the median age for House of Representatives members is almost 58. But are those older people in office a sign that the U.S. […]

Buying her first home on Detroit’s far east side in 2021 was the moment when a lifelong dream finally came within reach for Kim Page. “I accomplished something that I always wanted to do,” said Page, who grew up in the city. “I always wanted to buy my own home since I was like 18. […]

Michael Scott, the hapless regional manager at the center of the American version of “The Office” played by Steve Carell, believed he was the world’s best boss. He even had the mug to prove it. Meanwhile, for most of the show’s 2005-2013 run, his employees endured pointless meetings, cringed through his speeches and quietly counted […]

For many Americans, energy bills are becoming increasingly unaffordable. Energy prices increased approximately 30% on average from 2021 to 2026. In some places, the rates of increase have been much steeper. In the Mid-Atlantic and eastern Midwest region where several of us live, the regional electricity grid is run by PJM Interconnection, and power prices […]

It’s summer grilling season, but for many Americans, surging prices mean beef is no longer what’s for dinner. The cost of beef, having spiked since early 2025, is coming under even more pressure. The most recent is the screwworm outbreak that hit cattle in Mexico and has now spread to the United States, where the […]

The “right to repair” movement is gaining steam as consumers push corporations to offer them more freedom to fix products – from cars to dishwashers to toys. In April 2026, farm equipment maker Deere & Co. inked a US$99 million settlement in a class action suit over its prohibition on independent repairs to its increasingly […]

The federal government provides grants – any amount of money that the recipient doesn’t have to pay back – for a wide array of purposes that serve the public interest. States, local governments, colleges and universities, students, nonprofits and other kinds of organizations receive these funds. Huge sums are involved. The federal government dispatches at […]

Few city planning concepts are as sacrosanct as the idea that growth is good and decline is bad. For cities and counties, population growth is universally seen as a metric that defines success. Even stable population trends can be cast as stagnation to be avoided at all costs. The Pittsburgh region illustrates the problem with […]

Elon Musk’s SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had. The rocket and satellite maker raised US$75 billion on […]