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The standard rap against regulation is that government uses a meat cleaver to clean up problems in the private sector that are better tackled with more nuance. Yet regulation—or the threat of it—often serves to spur smart self-regulation that wouldn't otherwise occur. You want to see a scalpel at

NEW YORK, NY – Today Washington D.C. Mayor Vincent Gray caved to the ultimatum issued by Walmart and vetoed a living wage bill that was passed by the D.C. City Council. The bill would have required retailers with corporate sales of $1 billion or more and operating in spaces of 75,000 square feet or

Blythe Masters is the most recognizable woman on Wall Street—and arguably its most resilient. At 44, she heads the largest commodities trading operation at the largest bank in the U.S., JPMorgan Chase ( JPM). In the mid-1990s she developed and marketed credit derivatives, which rapidly became a new

Last week, we highlighted how the outside money group, Jobs for New York, was dominating the New York City Council races. So, how did they do? Not too shabby—of the 20 candidates they supported, 16 won, two are still too close to call, and two candidates were unsuccessful.

Mark October 8 on your calendar – that’s when the Supreme Court will hear arguments in a case that’s being called Citizens United 2.0 .

After a marathon hearing that wrapped up in the wee hours of Wednesday morning, the City Council of Richmond, Calif., voted to allow the use of eminent domain to seize underwater mortgages, becoming the first city in the nation to take such a concrete step toward the novel and risky strategy for

In an earlier, harsher America it was not uncommon for people to work well into old age. In 1945, about half of Americans 65 and over were still in the labor force. And that was at a time when most work was physical in nature. Then came the great rise in postwar prosperity, with the spread of

There are a bunch of good, practical arguments for giving low-wage workers a pay hike -- like the fact that putting more money in the pockets of these workers would spur consumer demand and economic growth. But here's another strong point that you don't hear much about: Reducing wage inequality is

After getting the First Amendment supremely wrong in Citizens United, the Supreme Court now faces its next money in politics case. In McCutcheon v. FEC, the challengers are attacking a law that says that no one person can contribute over $123,000 directly to federal candidates, parties, and