The days between the Fourth of July and Bastille Day on the 14th are known for fireworks on both sides of the Atlantic. This year, more rockets and firecrackers than usual were going off, but they were inside hearing rooms in the British Parliament and the U.S. Congress. Barclays bank announced that

Every day brings more reminders of the terrible unfairness that besets our country, the tragic reversal of fortune experienced by millions who once had good lives and steady jobs, now gone. An article in the current issue of Rolling Stone chronicles “The Fallen: The Sharp, Sudden Decline of America

The movement has drawn some support from financial circles. Wallace C. Turbeville, a former Goldman Sachs banker who now is a senior fellow at Demos, a public policy research organization in New York, submitted testimony last month for the Senate Banking Committee in favor of more banking regulation

As wary as the public may be of Wall Street, it is not wary enough because the financial industry rips people off even more than most of us realize -- specifically, in 401(k) fees.

A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos.

The story as it now stands for Facebook's IPO supports a broader narrative depressingly familiar to most Americans: Which is that the stock market is a rigged game.

The full details of JP Morgan’s trading strategy aren’t known, but Wallace Turbeville, a former Goldman Sachs investment banker and currently a fellow with public policy think-tank Demos, doesn’t buy the bank’s explanation that it was simply hedging. “How can you possibly lose that kind of money on

The J.P. Morgan Chase JPM -0.68% & Co. unit whose wrong-way bets on corporate credit cost the bank more than $2 billion includes a group that has invested in financially challenged companies, including LightSquared Inc., the wireless broadband provider that this month filed for Chapter 11 bankruptcy

Big paydays for founders like Mark Zuckerberg have less and less to do with the creation of middle-class jobs for everyone else.

It's no secret that Facebook's IPO will feed one of the most troubling trends in America today: the extreme concentration of wealth in the hands of a tiny elite.