Explore More

High-frequency trading (or “HFT”) is suddenly the financial market scandal of the day. Michael Lewis has published a book that was featured on Sunday in a 60 Minutes report and in a story in the New York Times Magazine. HFT is the use of high-powered computers, blazing fast connections with

I've been complaining about the deduction for home mortgage interest for years, so it's hard to say to something bad about this tax break that I haven't said myself.

Talk about a missed opportunity. Last night, the New York State legislature passed a $137.9 billion budget for the upcoming year. Senate Deputy Republican Leader Thomas Libous lauded the effort and said, “We, at least, have done our job and the budget is complete." Not quite. The budget may be

Today's Republican Party does a great job of sticking up for rich people, which is ironic given that most wealthy Americans live in states and congressional districts that are represented by Democratic lawmakers -- which, of course, helps explain why Democrats also do such a good job of sticking up

Governor Cuomo and state leaders announced a budget agreement that left out the full public financing of elections.

Roughly half of all U.S. families have no money set aside for retirement, Federal Reserve data show. Not a cent. But even that alarming savings deficit doesn't fully capture the emerging socioeconomic crisis facing what is, after all, a rapidly graying nation. [...]

Did you hear that one of the biggest banks in America just agreed to one of the biggest penalties ever for committing one of the biggest financial frauds in U.S. history? It happened just the other day and, no, chances are you didn't hear because the story was buried in the business section. The

Despite the fact that Tennessee has one of the most restrictive photo ID requirements for voting in the nation, the state is rarely discussed when voter ID is the topic. However, Tennessee’s law will now allow college students to use their university identification cards to vote, just like in Texas

Our political class is feuding about whether Rep. Paul Ryan is a racist. Rather than fearing that this donnybrook degrades political discourse, we should welcome it. Ryan sparked the controversy when he blamed poverty on “a tailspin of culture” in our “inner cities,” while invoking for support

Remember when the Democrats won both houses on Congress in 2006, and everyone predicted that committee chairs like Henry Waxman would launch far-reaching investigations of the Bush Administration? It never happened, and not because of a lack of potential scandals to dig into. Democrats apparently