When will investors learn? Complex investment bets often don’t end well. To highlight this point, a new study by the Pioneer Institute states that the Boston based MBTA transit system’s use of financial derivatives was “reckless.” Yes, a strong word, but unfortunately it might be well deserved. According to the report, “Despite warnings by the state auditor … More Boston’s MBTA Use of Wall Street Derivatives “Reckless”
A report published last week by the Brookings Institution ranked Boston number one, but not in a good way. The report gave Boston the ignominious title of having the nation’s worst income inequality, according to its 95/20 ratio (the difference in income between households in the 95th percentile and those in the 20th). What does … More Report Ranks Boston No. 1 in Income Inequality: What Does It Mean?