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College graduates with student loans accumulate less lifetime wealth than their debt-free classmates, according to a study released this month.

About two-thirds of the 20 million people who attend college every year borrow money to do so. We’ve heard a lot about how growing educational debt loads — the average student borrower now graduates owing $26,600 — can be a detriment to someone just starting out in life, and to the health of the

The controversy over an unpaid intern listing at LeanIn.org, the new nonprofit created by Sheryl Sandberg, has been welcome, because it spotlights a growing consensus that unpaid internships are bad. All sorts of organizations will think twice after this episode about paying people nothing to do

Verizon, AT&T and Sprint are facing heat for handing over their customers’ call records to the government. But it isn’t the only way that these phone companies are frustrating their customers – they also waste time and money by extending their prerecorded voicemail instructions.

Sluggish sales at major retailers paint a grim picture of an uneven economic recovery that has low- and moderate-income households reluctant to buy anything beyond the bare necessities. Three years out from the worst recession in generations, many Americans are still contending with unemployment or

“Whatever executive authority I have to help the middle class, I’ll use it,” announced President Obama in last month’s landmark economic address in Galesburg Illinois. Now consensus seems to be building around one thing President Obama can indeed use his executive powers to do to boost hundreds of

For decades, the dictators of the Middle East basically gave the following rap to any westerner who questioned their tyrannical rule: You may not like us, but we're better than the alternatives. We're better than a democratic government that will inevitably be hijacked by Islamists. And we're better

In the wake of the Detroit bankruptcy, there has been no shortage of finger pointing, blame, and calls for “shared sacrifice.” On a personal note, I love hearing the phrase “shared sacrifice” because what usually follows is a lot of sacrifice that is rarely shared. And, the case in Detroit is no

We hear a lot that college "isn't for everybody," but this phrase is typically applied to working class kids—with the suggestion that we should expand opportunities to get vocational training that leads to solid blue-collar jobs. Of course, though, there are young people across the class spectrum

The huge trading losses suffered by JP Morgan last year—and the cover-up of those losses—stand as just one example of that giant bank's long record of excess, criminality, and deception. And when you think of who should be held accountable for the London Whale fiasco, one name comes to mind. It's a