money-matters

Hamilton Nolan · 10/16/14 08:50AM

Continuing its fun new trend, the Dow Jones Industrial Average has plunged more than 100 points already this morning. Fear is back! Heyyyy, buddy!

It's Harder For Kiddie Lawyers to Get Rich Now

Hamilton Nolan · 10/13/14 03:32PM

Not too long ago, any half-bright young Ivy League whelp with a taste for fluorescent lighting and endless drudgery could get an entry-level lawyer job in a big city for a fat salary. Sadly, it's not quite so easy any more.

Lena Dunham Does Not Pay

Hamilton Nolan · 09/29/14 08:51AM

This week, rich and famous human Lena Dunham will begin her 12-city book tour. Several dates will feature regular people performing. They will not be paid. Let's do the math on that. (Updated below.)

Wowza, Your Public Pensions Are So Fucked

Hamilton Nolan · 09/25/14 03:39PM

It's rare to find a job that offers a pension nowadays. And those that already had entire careers that promised them pensions—well, your outlook is almost as bad as someone with no pension at all.

Poor People Do Not Just Blow Any Money They Get

Hamilton Nolan · 09/23/14 01:20PM

It's come to my attention that many of our readers believe that if you give anything more than a modest sum of money to a poor person, that person will just go out and waste the money on impulse purchases. Allow me to point out that this is false.

What Reparations in America Could Look Like

Hamilton Nolan · 09/22/14 12:30PM

Ta-Nehisi Coates made the case that America owes reparations to its black community. But he purposely left out the details of what a reparations program might look like. We will now make a proposal, for your consideration.

Can We Solve Global Warming For Almost Nothing?

Hamilton Nolan · 09/16/14 03:15PM

Much of the discussion about cutting the carbon emissions that are slowly destroying our planet centers on the supposed cost of all these new forms of clean energy. A new report suggests: what costs?

Hamilton Nolan · 09/12/14 03:50PM

The volume of gray matter in one region of your brain predicts how much tolerance you have for financial risk. Our economy will always be ruined by big-headed people.

Without Campaign Finance Reform, Nothing Changes

Hamilton Nolan · 09/12/14 10:57AM

If we ever hope to be a truly fair representative democracy, we need to have campaign finance reform. The Republicans in the Senate have just blocked a proposed Constitutional amendment that might help do that. In America, the money owns the people. Not the other way around.

Everyone Knows Hedge Funds Are a Ripoff

Hamilton Nolan · 09/11/14 10:35AM

Hedge fund are organizations designed to take money from wealthy investors and—through sophisticated financial wizardry—use that money to enrich hedge fund managers. Shockingly, many professional investors believe hedge fund managers are overpaid.

Rich Get Richer, Poor Get Poorer

Hamilton Nolan · 09/05/14 10:30AM

In the years since The Great Recession of 2008, our nation has, on average, made great strides towards economic recovery. On average. In reality, all of the money has gone to the rich.