Record Bank Profits and the American Dream Foreclosed

JP Morgan Chase launched the 2010 Wall Street Bonus Sweepstakes last month. The bank is still losing money on consumer services, but well-heeled investors and financial traders more than made up the difference. The bank announced $11.7 billion in profits and $26.9...

Stop the Merger Merry-Go-Round, We Need to Get Off

What may be the dumbest corporate merger of all time—the $165 billion deal that saw AOL gobble up Time Warner a decade ago—ended just before the holidays, when AOL formally spun off into a totally separate company. That AOL-Time Warner merger had been a...