A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.
Former currency trader John Rusnack committed one of the largest bank frauds in history. He racked up nine figure losses at Baltimore's Allfirst Bank before he got caught and was sent to prison. Five years later, Rusnack was back on the outside franchising a chain of dry cleaners and hiring people who'd also made big mistakes.
Order cod fish in a restaurant on Cape Cod, and you might assume you were buying local. But the fish that gave the Cape its name are now so depleted that restaurants are serving cod imported from Iceland. Some activists think it's time America developed a taste for the less popular fish still present in the waters off the Cape.
A fiery oil train crash in North Dakota is once again raising questions about the safety of transporting oil by rail. With an oil drilling boom underway, companies are using rail cars to transport a lot more crude out of North Dakota. Regulators are considering new requirements to make sure tanker cars and the rails they travel on are safe.
An ATM that lets you video chat with a teller hundreds of miles away? It's part of an effort by the banking industry to cut costs: The more ATMs can do, the less banks have to spend on tellers and real estate. But in-person branches still remain the best way for banks to get new business.