Posted inEditor's Pick

Elwood, Illinois (Pop. 2,200), Has Become a Vital Hub of America’s Consumer Economy. And It’s Hell.

In 2002, developers made a deal with the people of Elwood, Illinois: they’d bring high-paying jobs in the growing warehousing and logistics industry to the centrally-located town in exchange for two decades of tax abatement. Seventeen years later, temp agencies in the region are flourishing, but full-time jobs are few and far between. Meanwhile, tens of […]

Posted inEditor's Pick

Prime and Punishment

Lucrative placements within coveted search ranks on Amazon’s Marketplace are incentivizing sellers to do whatever it takes to undercut each other — not by competing on price or quality, but by creatively sabotaging the listing above theirs. Bad actors plant obviously fraudulent five-star reviews on popular listings to trigger penalties, or set rivals’ products on fire to frame them […]

Posted inEditor's Pick

How the IRS Was Gutted

Tax evaders, rejoice: the Internal Revenue Service may not have enough resources to come after the vast majority of those offshore bank accounts. It also doesn’t have enough resources to investigate white collar crime, curb suspicious corporate activity, shore up the nation’s rising budget deficit, or answer tens of millions of law-abiding taxpayers’ questions. And now, just […]

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