Don’t Be a Fossil-Foolish Investor

Investors who choose to steer clear of oil, gas, and coal are protecting their portfolios in the short term and the long run. Who has divested lately? The fast-growing list includes the University of California, insurance giant Allianz, the German city of Munster, and...
The Divestment Dividend

The Divestment Dividend

As Earth Day approached, fossil-fuel divestment actions rattled college campuses large and small. Targets ranged from Harvard University’s $36-billion endowment to the University of Mary Washington’s $46-million nest egg. That’s only natural: Students, professors, and...
The Robin Hood Tax

The Robin Hood Tax

I spent 22 years in the financial services business. Beginning in the 1980s, I worked at exchanges where we traded everything from futures on soybeans to shares of stock to options on interest rates. During these boom years for the U.S. and global financial markets,...
Making the World Safer for the Next Bernie Madoff

Making the World Safer for the Next Bernie Madoff

Sometimes, members of Congress follow harebrained logic. If the consequences weren’t so serious, it would be hilarious. Consider a House bill co-sponsored by Reps. Spencer Bachus (R-AL) and Carolyn McCarthy (D-NY) that would essentially let investment advisers...
Wall Street’s Speed Freaks

Wall Street’s Speed Freaks

The power suits making billions off the stock market are always trying to assure us that their trading serves a socially redeeming purpose. They steer money to companies and industries that make our economy more productive, they claim. In reality, the majority of...
Stop Investing in Sexism

Stop Investing in Sexism

My entire working life, roughly 50 years, I’ve been hearing the same old excuses for women not advancing in corporate America. Two are dominant: “we can’t find qualified women,” and “just wait until the pipeline gets filled and things...

Finally: Fairer Tax Reporting

Employers have reported the income all Americans earn from regular jobs to the Internal Revenue Service since World War II. Starting this year, U.S. taxpayers and their brokers finally have to do the same thing with the income earned from capital gains. This smart...

Libya’s Opposition Calls For A Ceasefire

The UN Security Council resolution aimed at protecting civilians in Libya started with the call for “the immediate establishment of a ceasefire”. But for the first two weeks the only action taken by the powerful countries that orchestrated the UN response...

The Million-Dollar Penny

Every summer, several financial firms competing to get the banking business of the world’s mega millionaires release what amounts to scorecards on global wealth. These data-packed reports tally the current number of our international rich and super-rich, by...
Corporate Social Irresponsibility

Corporate Social Irresponsibility

The 1989 Exxon Valdez oil spill gave rise to the corporate social responsibility movement. The BP oil disaster may mark its collapse. Over the past two decades, many organizations and investors have conducted an experiment in corporate behavior modification. An array...

Turning Points: Israel Caves Under Flotilla Pressure

Turning points occur in every campaign for human rights and equality. There are moments when, before victory is certain, and whether or not the effect is immediately felt on the ground, the discourse, the assumptions, the terms of reference — not so much for...

Investing in Green Energy

Green America recognizes the best way to address the climate crisis is going green. As the world accepts the reality of climate change, investors are increasingly attracted to efficient, clean energy. Just like Victory Bonds supported the U.S. role in World War II, so...