Jeff Immelt, the CEO of General Electric since 2001, is retiring. The 61-year-old will be making a well-compensated exit.
On June 19, 1865, Union soldiers arrived in Galveston, Texas. They carried some historic news: Slavery had finally and completely ended, they declared. All of America’s enslaved people were now free, some two and a half years after President Lincoln’s Emancipation Proclamation.
Federal budgets, while boring and wonky, can have a serious impact on our lives. They dictate our collective priorities for how we choose to spend our public resources in support of the common good.
Like rose blossoms, a politician’s promises can be beautiful when they burst into full, glorious bloom — only to fade over time and, petal by petal, fall away.
On average, our economy tanks every seven years or so. By now we should have a pretty good idea of why that tanking happens, how we can protect ourselves, and what the impact will be. Unfortunately, we don’t.