Clean Water Act dramatically cut pollution in U.S. waterways

The 1972 Clean Water Act has driven significant improvements in U.S. water quality, according to the first comprehensive study of water pollution over the past several decades, by researchers at UC Berkeley and Iowa State ...

Rethinking investment risk

Financial innovation is supposed to reduce risk—in theory, at least. Yes, new financial instruments based on the housing market helped cause the financial crisis of 2008. But in the abstract, those same instruments have ...

Not all banking crises involve panics: study

A banking crisis is often seen as a self-fulfilling prophecy: The expectation of bank failure makes it happen. Picture people lining up to withdraw their money during the Great Depression or customers making a run on Britain's ...

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