Corporate responsibility

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The Bus Not Taken: How Easy Auto Loans Reinforced Car Dependence and Killed Transit Ridership

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The Bus Not Taken: How Easy Auto Loans Reinforced Car Dependence and Killed Transit Ridership

In the years since the Great Recession, a torrent of cheap and easy credit has washed over car showrooms and used car lots. Many have compared this recent free-for-all in the subprime auto market to the housing market right before the 2007 collapse of the housing bubble. But few have talked – until now – about the effect this influx of cheap money has had on Americans’ transportation choices.

Holding Subsidized Businesses Accountable

Corporate responsibility

Holding Subsidized Businesses Accountable

Kudos to the state of Iowa for using a “clawback” provision in its economic development subsidies. Iowa, like many states, gives subsidies to businesses to relocate or expand in the state. In exchange for such a subsidy, a business promises to create jobs or stimulate economic activity. However, the business typically doesn’t face any consequences if it fails to achieve what it promised. Not so in Iowa.

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