liabilities

What's Really Wrong With Letting Banks Pay Big Dividends

The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won't get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.

'Death on the High Seas Act' Needs Fixing to Help BP Widows

BP can compensate the family of a rig worker killed in the Deepwater Horizon explosion a mere $1,000, thanks to the outdated Death on the High Seas Act. Congress has vowed to change the law, but the cruise line industry won't make it easy.