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The huge trading losses suffered by JP Morgan last year—and the cover-up of those losses—stand as just one example of that giant bank's long record of excess, criminality, and deception. And when you think of who should be held accountable for the London Whale fiasco, one name comes to mind. It's a
Blog
David Callahan
Study after study shows that college still pays off financially. Quite apart from the well-known income gains that come with post-secondary degrees, more education also translates into a much higher net worth on average.
Blog
David Callahan
Two weeks from today will be the 50 th anniversary of the March on Washington for Jobs and Freedom. As advocates prepare to march again, it is clear how little some things have changed -- many of the policies people fought for back then are the same that we are fighting for now.
Blog
J. Mijin Cha
On Monday, Ezra Klein argued that “conventional wisdom on Washington is that corporations win every fight and everyone else — particularly the poor — get shafted" is, wait for it, "wrong, or at least incomplete."
Blog
Joseph Hines
Progressives hoping to better understand why conservatives so dislike government can enlighten themselves by fixing their attention on America's war on drugs -- and the formidable challenge of actually stopping that runaway train.
Blog
David Callahan
Why does a second-string NFL player caught using the “N” word on video receive 24-hour coverage by every major news network in the country for days, but the largest racial wealth gap since the government began keeping records almost 30 years ago barely causes a blip in the press?
Blog
In 1965, in a nation torn by racial strife, President Johnson signed an executive order mandating nondiscrimination in employment by government contractors. Now, as President Obama has observed, the nation is divided by a different threat: widening income inequality.
In the media
The Editorial Board
Are you paying too much in 401(k) fees? Until recently, it was difficult to know. But as of last year, 401(k) plan sponsors are required to send participants annual disclosures outlining fund fees and their effects on savings over time. [...]
In the media
So you aced the job interview. But can you pass the credit check? That’s right, a growing number of employers are checking job applicants’ credit reports, even when the job doesn’t involve financial responsibilities and management. About six in 10 employers conduct credit checks on at least some of
In the media
Carole Fleck
Does America believe in second chances? In some cases, yes. Corporations get second chances all the time. For instance, nearly every major pharmaceutical company has been repeatedly fined by the Justice Department for either fraud or illegal marketing, and yet—because no individual executices are
Blog
David Callahan