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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:

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.

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

One of the most shocking aspects of the foreclosure mess has been the rogue behavior of mortgage servicers. In case you're new to this sorry story, mortgage servicers are the middlemen who handle, well, the servicing of mortgages once money has been lent to a homeowner by a bank. In effect, banks

A group responsible for development of the Willets Point space next to Citi Field said Walmart wouldn’t be a part of its conception. Late last week, the Daily News reported that Walmart quietly lobbied city officials to include them in the development of the area near Citi Field that currently

14 Big Ideas to Build a Strong & Diverse Middle Class

American workers continue to give more and get less in our tepid recovery. The Labor Department released its second quarter productivity report yesterday showing workers contributing more hours and effort, even as their wages have stagnated and overall employment (and underemployment) stalled. The

Think of technology replacing workers and what comes to mind are low-skilled workers who are bumped aside by relatively simple machines: Subway clerks replaced by Metrocard machines, toll workers rendered obsolete by E-Zpass, banker tellers replaced by ATMs, assembly line workers replaced by robots