Category: Economics

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The aftermath of the Lac-Megantic crude railcar explosion in 2013. (Credit: Axel Drainvile via Flickr)

BOOM: North America’s Explosive Oil-by-Rail Problem

U.S. regulators knew they had to act fast. A train hauling 2 million gallons of crude oil from North Dakota had exploded in the Canadian town of Lac-Megantic, killing 47 people. Now they had to assure Americans a similar disaster wouldn’t happen south of the border, where the U.S. oil boom is sending

Nurse

Americans Are Working So Hard, It’s Actually Killing People

Jessica Wheeler works the night shift as an oncology nurse at Wilkes-Barre General Hospital in northeastern Pennsylvania—but her patients are usually wide awake. “When they have a new cancer diagnosis or they’re going to have a biopsy in the morning, they don’t sleep,”

When you eat a bowl of clam chowder in the U.S., you’re probably padding profits for British investors.

Corporate Fishing

What’s it take to buy a share of the ocean in America? For Lion Capital, the British private equity firm, the price is somewhere south of $980 million. That’s the sum the London-based firm paid three years ago when it bought Bumble Bee Foods, the

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Shoving the Poor Through the Courthouse: How the Legal Sausage is Stuffed

Fifty years ago, an eloquent drifter from Florida changed the American justice system. Clarence Earl Gideon, accused of breaking into a pool hall, was tried without a lawyer in Bay County, Florida, in 1961. Convicted after representing himself, he petitioned the Supreme Court for a