Tag: featured

Fed official slams banks’ ethics

“There is evidence of deep-seated cultural and ethical failures at many large financial institutions,” Dudley continued. “Whether this is due to size and complexity, bad incentives or some other issues is difficult to judge, but it is another critical problem that needs to be addressed.”

Big milestone: U.S. producing more oil than it imports

Production has been booming partly because of hydraulic fracturing or fracking, which extracts oil by blasting water mixed with sand and chemicals underground to break apart shale rock. Meanwhile, consumption has been falling as high gasoline prices have reduced how much people drive and more efficient cars and buildings have also lowered energy use…

Why Obama Should Endorse Legal Cannabis

An interesting result of the recent off-year elections was another surge in demand for cannabis (“marijuana”) legalization. Legal pot was more popular at the ballot box than the Tea Party, Right Wing politicians, and the (fading} reputation of Barack Obama, whose job approval rating fell to a new low.

Fairness for College Athletes

The amateur model in college sports is in serious trouble, with a federal district judge on Friday certifying a class-action suit against the National Collegiate Athletic Association. Under N.C.A.A. rules, student athletes may not receive compensation — a policy that effectively blocks players from entering into group licensing agreements.