Media

For the third consecutive year since the Great Recession, corporate profits soared in 2012. The FDIC report on fourth quarter 2012 bank earnings, released today, shows banks earning near-record highs. The headline numbers from the report are shocking.

Despite bans on the practice in 15 states, payday loan companies have thrived, finding a powerful ally in major banks like JP Morgan Chase and Wells Fargo. That is the finding of the Pew Charitable Trusts in the second edition of their Payday Lending in America series.

Despite only being 35 years old, it might be time to retire the 401(k).

The 401(k) started out as a tax loop hole to supplement workers' savings and has grown to become Americans’ main retirement savings tool.  But many baby boomers are finding their retirement in tatters and aren’t able to leave the workforce due to grossly inadequate savings.

In 2002, law professor David Yamata suggested that "[l]egal actions by a few bold individuals could trigger a more widespread awareness of the legal plight of student interns." Mistreated interns now have their own book-length expose' and are indeed suing employers in the fashion,

A new report from a Wisconsin state agency makes clear that Same Day Registration is not just a low-cost way to make voting more accessible. It can even be a budget-saver.

The report from the Wisconsin Government Accountability Board dealt a blow to advocates of repealing the state’s Same Day Registration policy. It pegged the cost of such a change as high as $14.5 million. Some of the costs are one-time expenditures, but many will be ongoing.

I am leaning in just a little as I write this. OK, I’m not. But I am feeling a little sick as I ponder the next unpleasant installment of the “mommy wars” that’s hurtling toward us.

In the aftermath of the financial crisis, plenty of Americans have seen their credit scores tank. But can that really affect your ability to get a job? Yes, because employers increasingly are relying on workers' credit histories in screening applications.

Recently, a lot of attention was given to the prediction that the U.S. would become energy independent by 2035. Shale oil and gas driliing is the main reason U.S. energy production has increased and shale gas now accounts for 40 percent of all gas production.

Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills.

A recent article by Reuters' Chris Taylor reveals baby boomers are facing an even steeper road to financial freedom.