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Justice Says It Will Get Tough on Wall Street Fraud

September 10, 2015 On Wednesday, the Justice Department issued a new policy regarding the prosecution of white collar criminals. Amid post-recession complaints from the public that the Wall Street executives responsible for the crash escaped criminal charges and jail time—and that in these seven years Wall Street hasn’t cleaned up its act—the new...

Regulators Fine Caesars Palace for Allowing Some to Gamble Off Books

September 9, 2015 On Tuesday, the U.S. Treasury Department fined casino group Caesars Palace$9.5 million dollars for “willful and repeated violations of the Bank Secrecy Act.” The number breaks down to an $8 million settlement and $1.5 million fine. In a statement, the Treasury’s Financial Crimes Enforcement Network (FinCEN) says that the casino...

The Secret Suffering of the Middle Manager

August 28, 2015 When researchers try to determine the types of workers who are most prone to depression, the focus is usually on the misery of those at the bottom of a company’s hierarchy—the presumed stressors being the menial duties they're tasked with and their lack of say in defining the scope of...

Labor Department: U.S. Inflation and Housing Costs Are Up

August 24, 2015 Consumer prices rose modestly in July, and according to the U.S. Labor Department those gains were largely due to a 0.4 percent increase in the cost of shelter—the government’s measure of housing costs. This was the largest increase in the shelter index since 2007. While inflation for other Consumer Price...

Forget Standing Desks: Study Suggests Bicycle Desks Can Offset Hazards of Sitting

August 21, 2015 Americans sit. A lot. According to one estimate, sedentary jobs have risen 83 percent since 1950, and now account for 43 percent of American jobs. To combat the ill effects, some have taken to standing desks. Others may try to squeeze in some exercise by biking or even running to...

After 80 Years, Retirement Isn't What It Used to Be

August 16, 2015 On August 14, 1935, President Franklin D. Roosevelt signed the Social Security Act into law—which makes today its 80th anniversary. Current estimates from the Social Security Administration say its trust fund will run out by 2033—two years before the program’s 100th anniversary. In the years since its passage, Social Security...

Which Country's Workers Care About Their Jobs the Most?

June 26, 2015 According to one survey, the average amount of time that some employees spend on personal activities at work is somewhere between 1.5 and three hours a day. With that in mind, it’s no wonder that employers are more concerned than ever about productivity statistics. Nowadays, with technology that allow employers...

For More Workplace Diversity, Should Algorithms Make Hiring Decisions?

June 23, 2015 Humans are biased decision makers. One well-known and troubling example of this is the tendency for interviewers to hire candidates who remind them of themselves, resulting in workplace homogeneity. In the tech sector, this homogeneity has been particularly extreme: Google’s first ever diversity report, released last year, reported only 2...

Being a Go-Getter Is No Fun

May 22, 2015 The phrase “shit hits the fan” has uncertain origins. Some claim it’s a descendant of a World War II adage “the garbage hit the fan.” As the Online Etymology Dictionary has it, it derives from an old poop joke. The Yale Book of Quotationsdoesn’t have a say on the phrase...

L.A. Becomes the Largest City to Boost Minimum Wage

May 20, 2015 Tuesday’s vote to raise Los Angeles’s minimum wage to $15 an hour by 2020 is being called “the most significant victory so far” in the push to increase the minimum wage nationally. The City Council passed the ordinance 14-1, which will boost the current minimum of $9 in roughly $1...