Private prisons aren’t that big a deal

By Keith Humphreys Deputy Attorney General Sally Yates has announced that the federal government will begin reducing its use of private prisons. Former presidential candidate Bernie Sanders, who campaigned for such a policy change, spoke for many liberal politicians when he praised the move as a major step toward reducing mass incarceration: "It is an international […]

Pfizer to acquire Medivation for $14 billion

“The proposed acquisition of Medivation is expected to immediately accelerate revenue growth and drive overall earnings growth potential for Pfizer,” the company's chief executive said.

By Carolyn Y. Johnson | Business | August 22

How 20 years of welfare reform have changed American poverty

By Max Ehrenfreund Twenty years ago, President Clinton kept a promise. "I have a plan to end welfare as we know it," he said in a television spot during his campaign for office. He did, on Aug. 22, 1996. The law that the president signed that day, together with other policies enacted by Congress and the states, profoundly changed the lives of poor […]