One big reason the deficit is falling faster than expected is a surprising—and surprisingly durable—drop in health care spending, the source of most of America’s long-term fiscal problems. The seemingly inexorable rise in health care costs has been near the center of every big political and economic debate since Obama was elected. But the fact that it’s finally slowing down was deemed worthy only of page B3 by editors at The New York Times.
The city of Chicago has just announced a partnership with Kickstarter called Seed Chicago which aims to use the trendy crowdfunding platform to finance economic development in the city’s poorer neighborhoods.
What are some useful secrets from your job, Redditors?
Public companies—those whose shares are traded on stock markets—are required to disclose all kinds of information about their operations in annual government forms like the 10-K. But one thing they aren’t required to reveal is how much they actually owed the IRS that year, says Fortune magazine editor Allan Sloan.
Duck penis researcher Patricia Brennan defends the importance of her research into duck penises.
But why, asks Foreign Policy‘s War of Ideas blog, is coffee pretty much the only thing Americans buy “free trade”?
Karl Marx, communism’s founding father, famously had some problems with the way we all Do Money.