Corporate America worked hard to build massive loopholes into the tax code for itself, and by golly it is working just as hard to keep them.

U.S. companies, along with their lobbyists and trade groups, are treating Washington, D.C., like a big, swampy strip club, showering it with cash in...

High-frequency trading is bad for everybody, including high-frequency traders, according to new research from a university that produces economic reports that are sold early to high-frequency traders.

Congratulations, world, these are your modern financial markets. The study, by the University of Michigan's engineering department, focuses on one particular...

At long last the downtrodden, disrespected 1 percent have a hero to make their case: Harvard economist Gregory Mankiw.

The former economic adviser to President George W. Bush and wannabe president Mitt Romney has a new paper, called "Defending The One Percent," arguing that income inequality is not...

We have learned, painfully, of the damage derivatives can do to an economy in a financial crisis. But derivatives are hurting the economy even on its best days, according to a new study.

In the crisis, derivatives exposures brought down giant financial institutions and markets, leading to the worst recession...

Japan's stock market is in the process of getting destroyed, and U.S. investors are treating it like an entertainment that is only partly scary and mostly funny, like a Godzilla movie with rubbery monsters and bad dubbing.

This is either a rational response or a clueless response to what's happening....

While everybody talks about how Kanye West compared himself to Apple founder Steve Jobs, we found the more apt comparison: JPMorgan CEO Jamie Dimon.

Stay with me! The parallels with Dimon came into focus in his recent amazing interview with the New York Times. After reading,...

To the long and growing list of global markets subject to wanton manipulation by traders, including interest rates, derivatives, gold and oil, we can now add the currency market.

Traders at banks around the world have regularly worked together for "at least a decade" to move a key...

Jamie Dimon and the Senate Permanent Subcommittee On Investigations apparently have somewhat different understandings of what "hiding, lying and bullshitting" mean.

The JPMorgan Chase CEO, speaking at a conference in New York on Tuesday, declared, “There was no hiding, there was no lying, there was no bullshitting, period,"...

Having a hard time finding a decent-paying job? Thank Wall Street.

In a New York Times column on Tuesday, Bruce Bartlett, former economic advisor to Presidents Reagan and George H.W. Bush, explores the dark side of "financialization," which is economist-speak for how the financial sector just keeps swelling...

On Monday the credit-rating agency Standard & Poor's upgraded its outlook for the credit rating of the United States to "stable." Which is terrible news for the credit rating of the United States.

That is because S&P has proven itself to be more or less clueless about the...

A new study suggests that higher home ownership could lead to higher unemployment. Be sure to wash it down with a tall glass of skepticism.

The study is not in the same league as the recently debunked Reinhart-Rogoff research that provided the intellectual foundation for dangerous austerity measures around the...

We are at a place where 175,000 new jobs per month is widely considered "good" job growth. According to a new Fed study, it won't be very long before merely adding 35,000 jobs per month is good enough.

In other words, enjoy this lousy labor market, because this might be...

The U.S. economy continued to churn out low-paying jobs in June, as the weakest labor-market recovery since World War II ground sluggishly ahead.

Employers added 175,000 jobs to nonfarm payrolls in May, the Bureau of Labor Statistics reported on Friday, up from a downwardly revised 149,000 in...

Austerity isn't just hurting the U.S. economy right now -- the damage is going to last for many years.

A new study by the Center for American Progress, a left-leaning think tank, estimates that today's austerity measures are going to leave the U.S. economy with 2 million fewer...

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But you are perhaps unaware that bankers feel almost as badly about it as you. Almost.

In a new survey of...

The economic "recovery" just keeps getting worse for the average worker: U.S. employers squeezed their employees even harder than usual in the first quarter, leading to the biggest drop in hourly pay on record.

Hourly pay for nonfarm workers fell at a 3.8 percent annualized rate in the...

When the autopsy is written on the death of the middle class, the current lousy economic recovery will be a major contributing factor, according to a new report.

The job market's recovery from the Great Recession has been the slowest since World War II, and middle-income jobs lost...

上のグラフでベージュ色で示されている部分は、米国の歳入全体に占める法人税の割合だ。徐々に小さくなっていることがわかるだろう。一方、このベージュ色を飲み込む勢いで拡大しているのはオリーブグリーン色に塗られた部分だ。これは、歳入全体に占める給与税（payroll taxes：給与を計算基礎にした連邦税で，社会保障のために用いられる）の割合だ。

Like Hiroo Onoda, the Japanese soldier who hid on an island in the Philippines for 30 years refusing to believe Japan had lost World War II, austerity fanatics are never going to admit their failure.

Instead, they are going to keep pushing the policies that are making millions...

When it comes to working the refs, no bank works harder than JPMorgan Chase.

The biggest U.S. bank by assets spent $8 million lobbying Congress on financial reform and other topics last year, outpacing every other large bank, according to the Center for Responsive Politics. The second-biggest U.S....