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The Ultimate Tech Bro Says He Made a Fortune 'From Life'

Ryan Tate · 11/02/11 05:43PM

Technology might be democratizing information, but it hasn't ended the power of old money. Witness David Tisch, who jumped into tech investing with remarkably little experience under his belt. You might think his young, moneyed start had something to do with the $70 billion family business his grandfather built, but no! Tisch made his seed capital "from life." Listen and learn.

The Courts Are Still Ruling on Janet Jackson's Super Bowl Nipple

Brian Moylan · 11/02/11 04:48PM

Seven years (almost eight, at this point) after Janet Jackson's intentional "wardrobe malfunction" at the Super Bowl and the $550,000 fine leveled against CBS is still being argued in court. Just today an appeals court in Philly threw out the case. Now it might be headed back to the Supreme Court.

Who the Hell Is Going to Invest in Groupon?

Ryan Tate · 11/02/11 04:07PM

It's make or break time. Metastasizing corporate basketcase Groupon is going public Friday. Are stock investors crazy enough to value the unprofitable company at $11 billion?

Third Woman Accuses Herman Cain of Sexual Harassment

Jim Newell · 11/02/11 03:47PM

A third woman has accused Herman Cain of "what she considered aggressive and unwanted behavior by Herman Cain" when she worked at the Herman Cain-led National Restaurant Association in the 1990s.

Oakland's One Percent Will Have to Wait a Day to Buy a New Suit

Adrian Chen · 11/02/11 03:41PM

Occupy Oakland is calling for a general strike today, the first since 1946, according to the New York Times. A few thousand people have gathered in downtown Oakland for a march, and the San Francisco Chronicle reports 260 Oakland public school teachers didn't show up to work, not to mention the stark solidarity shown by the owners of this Men's Wearhouse. (!)

How American Banks Are Engineering the Next Apocalypse, Again

John Cook · 11/02/11 02:31PM

Remember credit default swaps? AIG? Hopelessly entangled exotic financial instruments tied to esoteric asset valuations that caused cascading defaults in 2008 and threatened to tank the global financial system unless taxpayers ate all the losses? Remember how we reformed Wall St. to make sure that never repeated itself? Someone tell Goldman Sachs, JPMorgan, and Morgan Stanley, because they've teed the whole damn thing up again, this time in Europe.

The Biological Reason You Have Too Many Facebook Friends

Brian Moylan · 11/02/11 02:20PM

So many people think that the more Facebook friends they have, the better. Wrong! In an excerpt from his just released book You Are Not So Smart David McRaney explains "Dunbar's Number" and why trying to keep in touch with more than 150 people, even on Facebook, is a biological impossibility.

Jared Kushner Just Launching Any Old Paper Now

Hamilton Nolan · 11/02/11 01:28PM

In your wispy Wednesday media column: Jared Kushner's latest scheme, Michele Norris's replacement, the gradual death of print continues, Harper's Bazaar revamps, and Chris Matthews make a funny.

Glee: Luck of the Irish

Brian Moylan · 11/02/11 12:10PM

Last night Oxygen's not-half-bad reality show The Glee Project finally invaded its big sister in a huge way: it introduced its first regular character. Meet Rory Flanagan, who Brittany thinks is a leprechaun.

Democrats' Most Terrifying Anti-Romney Ad Yet

Jim Newell · 11/02/11 11:37AM

Here's a new 90-seconder from the Democratic Super PAC Priorities USA highlighting all of the things that could go wrong if the country elects Satan as the next president. Or is that Mitt Romney? It's hard to tell, with all of the terror screams and thunder and all around evil atmosphere going on here.

Kardashians Resort to Blatant Lies: 'Didn't Make a Dime' from Wedding

Maureen O'Connor · 11/02/11 11:25AM

After much berating, the Kardashian klan kracks and starts telling lies. Lindsay Lohan returns to court. Hugh Grant has a baby after a "fleeting affair" with a mystery woman. Denise Richards and Richie Sambora reunite. Wednesday gossip plays with semantics.

The McMansion Is Dead

Hamilton Nolan · 11/02/11 10:58AM

This heartless recession has stolen from America our most treasured national totems. Huge SUVs? Too gas-guzzling. Sprawling suburbs far removed from the "diverse" cities? Reduced to slums. And now, the recession is coming for our very homes.