Money

OPINION: The Man Who Invented “Too Big to Fail” Banks Finally Recants. Will Obama Or Romney Follow?

I’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal this morning on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their losses. Forget the bear and moose for a moment. This is big game.

OPINION: A Nice Little Gift From Obamacare Directly To You

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I’ve often said the U.S. health care system is so complex that trying to understand it makes your hair hurt. Case in point: the Affordable Care Act runs more than 2,000 pages. I’ll grant you that it’s a massive piece of legislation — but lawmakers felt that’s what was needed to fix at least some of the problems that resulted from the helter-skelter way our health care system developed.

Gas Prices Climb Again

STATE — Average retail gasoline prices in New Jersey have risen 8.0 cents per gallon in the past week, averaging $3.46 per gallon yesterday. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.49 per gallon, according to gasoline price website NewJerseyGasPrices.com.