Feds’ Handling of Big Banks Means Unequal Justice for All

    If anyone in America still has faith in the quaint notion, enshrined in the Pledge of Allegiance, that we live in a country where there is "justice for all," it should have been put to rest last week. That's when U.S. Attorney General Eric Holder, the ...

    Congress, White House Make Sure Sequestration Proves Murphy’s Law

    It seems the only law Congress can get its head around these days is Murphy's. You know, the one that states that: "If anything can go wrong, it will!"Consider: we've just weathered the first few days of the sequester, the $85 billion "self-inflicted ...

    Because Student Debt is Nondischargeable in Bankruptcy, There’s Only One Option Left

    Maybe it's time to resurrect debtors' prison. It seems to be the only way in which people with unmanageable student loan obligations will ever be able to pay their "debt to society."After all, in 1976, Congress made federal student loan debt ...

    Congressional Republicans Balk at Raising Minimum Wage

    In his recent State of the Union address, President Obama proposed raising the federal minimum wage from its current $7.25 an hour, a level where it has been stuck for three years, to $9 an hour.Predictably, members of the Republican Party quickly quashed ...

    Justice Department Accuses Standard & Poor’s of Fraud, Passes on Executives

    It has been more than five years since those steaming piles of toxic, subprime mortgages were scooped up, cut up and then "structured" into the bundles of seemingly sanitized investment vehicles.Of course, they weren't sanitary at all. Combined, they ...

    Rise in U.S. Oil Production Threatens Global Health

    In 1956, M. King Hubbert, a geoscientist working at the Shell research lab in Houston, presented a paper at a meeting of the American Petroleum Institute (API), predicting that oil production in the United States would "peak" sometime between the late 1960s ...

    Student Debt Is America’s Next Financial Time Bomb

    Remember the housing crisis? Some say it happened because banks had lax lending standards and threw money at so-called subprime borrowers who had no financial standing to have been granted credit in the first place.But banks didn't care. Why? Because they ...

    Something in Common: Wage Earners, Millionaires Cheat on Taxes

    While Tax Day -- April 15 -- is still some months away, now is the time when people begin thinking about how and when they are going to file and how much they are going to give to, or get back, from the IRS.It's hard not to focus on the numbers when every ...

    Is the New Head of the SEC Dr. Jekyll or Ms. Hyde?

    President Obama's nominee to head the Securities and Exchange Commission (SEC), the government agency charged with regulating the nation's stock exchanges and securities markets, is Mary Jo White.How White handles her new post will reverberate all the ...

    Researchers: Psychology of Debt Tells Us about Ourselves

    Every year, American universities confer more than 3,000 Ph.D.s in psychology. Ever wonder what all those pointy headed academics do with their time? Well, most of their efforts go into studying the rest of us -- what makes us tick, how we live, why we do the ...

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