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126 Million Retirement Accounts, $9 Trillion in Assets, and No Regulator Who Says It’s Their Job

126 Million Retirement Accounts, $9 Trillion in Assets, and No Regulator Who Says It’s Their Job

A federal watchdog report examining how the companies that run America’s 401(k) plans handle participant data found that most of the privacy policies it reviewed placed no limit on selling or sharing that information for marketing  and that four separate federal agencies each explained why enforcement was not their responsibility. The Government Accountability Office published the findings in February 2026...

The Lenders Say the Consumer Is Fine. The Consumer Says Otherwise.

The Lenders Say the Consumer Is Fine. The Consumer Says Otherwise.

Five of the largest credit card lenders in the United States told investors this summer that American consumers are paying their bills better than expected. Three of them lowered their forecasts for how much money they expect to lose to defaults this year. In the same weeks, consumer sentiment fell to a level below the 1st percentile of the University...

Container terminal on Iran's Caspian Sea coast at dusk, with an overlaid map of the trans-Caspian shipping corridor linking Iranian ports to Russia, Kazakhstan, Turkmenistan and Azerbaijan.

Caspian: Iran’s Limited Gateway to Unencumbered Trade

The U.S. naval blockade of Iran is frequently described as a total maritime cutoff. By the U.S. military’s own definition, it is not. It covers Iran’s southern coastline  the Persian Gulf and the Gulf of Oman  and nothing else. Iran has a second coastline. It runs roughly 650 kilometers along the southern shore of the Caspian Sea, and it holds...

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