Why did Bradley Cooper and Jessica Alba fail to record a tip when they paid their cabbies during New York City taxi rides back in 2013? Why was Cooper near a Mediterranean restaurant in Greenwich Village? Why was Alba at a ritzy hotel in Soho? We don’t know the answers, but we do know exactly […]

If critics of income inequality are wondering why the growing gap between rich and poor hasn’t been a more potent political issue in the upcoming elections, a new study offers some answers: Americans grossly underestimate this inequality. That’s one of the key findings of a survey showing the gap between CEO and average worker pay […]

Most consumers understand that when you pay an above-market premium, you shouldn’t expect to get a below-average product. Why, then, is this principle often ignored when it comes to managing billions of dollars in public pension systems? This is one of the most significant questions facing states and cities as they struggle to meet their […]

A few months ago, in a press conference about the felony conviction of Credit Suisse, Attorney General Eric Holder said, “This case shows that no financial institution, no matter its size or global reach, is above the law.” Yet, earlier this month, the Obama administration announced its proposal to waive some of the possible sanctions […]

If you own a share of a company, how much information about the company are you entitled to? That is the question embedded in the debate over a proposed Securities and Exchange Commission rule that would force publicly traded companies to disclose their political spending to their shareholders. As of this month, a 2011 petition […]

As states move to hide details of government deals with Wall Street, and as politicians come up with new arguments to defend secrecy, a study released earlier this month revealed that many government information officers block specific journalists they don’t like from accessing information. The news comes as 47 federal inspectors general sent a letter […]

A decade ago, as the United States hemorrhaged manufacturing jobs, the federal government considered reclassifying fast food as a manufacturing industry. Sound ludicrous? Today, with the manufacturing sector still ailing, the federal government wants to take something called “factoryless goods” and categorize the firms that make them as manufacturers. As part of the plan, the […]

Hillary Clinton’s political allies want Democratic primary voters to believe that the former secretary of state is just like populist Massachusetts senator Elizabeth Warren, and they’ve been claiming that there are no differences between the two possible presidential contenders. There’s just one problem: That’s not true. Clinton last week filled in for George W. Bush […]