Obama's failed proposal to eliminate 529 plans illustrates the current state of American taxation: Reforms that benefit the middle class at the expense of the wealthy will never pass.
This past weekend's This American Life/ProPublica report confirms the worst of what many already suspected: The New York Fed has little independence from the industry it is supposed to control.
The conventional wisdom is that revoking a large bank’s license can trigger potential systemic consequences. But that's not the case here.
The Justice Department has successfully convicted dozens of bankers for insider trading. But the big banks did something much worse and got away with it.
The belief that every human problem can be solved with software forgets the human element inside all software.
Lavishing executives with $20 million—or $100 million—is pointless and wasteful, whether the CEOs live in the Financial District or Mountain View.
The lesson of JP Morgan’s historic resilience (and, now, record fine) is that its leader turned out to be painfully mortal, all along
Why haven't we destroyed the idea that destroyed the world?
Behold the power of plausible deniability.
Do you want Boeing deciding if its airplanes are safe? Or JPMorgan deciding if its bets are sensible?
We have more than enough money to protect Social Security. It's just going to the wrong people: private savers.
Why reducing retirement benefits to pay down the deficit is a terrible idea
Or, to be more precise, the mutual fund company that oversees your 401(k) plan is out to get you.
Democrats maneuvered themselves into making the Bush tax cuts permanent, putting Medicare and Social Security at risk in the long run
Forty years from now, America will be twice as rich on average as we are today. But most of that wealth will go to the very richest households. We only have a budget crisis if they refuse to pay higher taxes.
It's investment income.
Chief executives are getting away with a clever trick: Publicly calling for higher taxes while giving money to the presidential candidate who will cut theirs
Neither Obama nor Romney is offering a perfectly plausible vision of America: A stronger safety net and better security paid for with higher taxes on more than the top 2%.
Last week, the Washington Post published a take down of entitled "job creators." Well, I really am a job creator. And here's what I think the country and I are entitled to.
Our economy and tax system already bestow large rewards on people who start successful businesses. It's the rest of America that needs help.