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Well, that was quick. One day Standard Chartered bank and its powerful allies are complaining that New York's bank regulator, Benjamin Lawsky, has overreached and saying that, at most, they had laundered only $14 million for Iran. The next day -- as in today -- Standard Chartered is agreeing to pay

It seems there is little real relief on the horizon. “If you’re coming out of college with an average number of $20,000 to $25,000 in debt and there’s no job out there, you’ve got a real problem,” said John Quinterno, a researcher who has studied the consequences of student debt.

Things that you can blame President Obama and his administration for: not implementing stronger ozone rules, an overall attack on regulations, and promoting natural gas development while ignoring the extreme economic and environmental damage caused by fracking.

Washington, DC - The United States Student Association (“USSA”), the nation’s oldest and largest student-run, student-led organization, yesterday filed a brief amicus curiae supporting the constitutionality of the University of Texas’ undergraduate admissions program, which is being challenged

Here's one explanation for a yo-yoing stock market that leaves millions of 401(k) holders biting their nails on a regular basis: The cost for an investor to buy and then sell a stock has fallen by half in the past decade, to 3.5 cents, as the New York Times notes today. With costs this low, old

Social Security turned 77 today. Unfortunately, it's not a happy day for the historic program: new data compiled by the U.S. Treasury Department for Smart Money reports:

When I was a student, my English-major friends warned me that economists were people who didn’t have enough personality to become accountants. It seemed like a terrible accusation at the time. Today, I worry less about the personality than the efficacy of both professions.

More evidence this morning that the rich are doing swell.

Cynics on the left and anti-government ideologues on the right often pound on legislators and bureaucrats for being ineffectual, biased and generally useless. But every so often a real hero emerges that refutes the dangerous and widespread belief that government does not work.

One of the strongest arguments against implementing a cap-and-trade scheme is that it is difficult to structure a program in a way that will meaningfully decrease greenhouse gas emissions due to pushback from entrenched interests. For instance, greenhouse gase emitters want the cap on gas emissions