money-matters

Hamilton Nolan · 09/04/14 08:12AM

Just days after announcing a $250 million investment from A&E Networks, Vice Media today announced another $250 million investment, this one from the venture capital firm Technology Crossover Ventures. That's half a billion dollars they can use to pay their employees a living wage, theoretically.

Today in "New and Awful Things About Being Poor"

Hamilton Nolan · 08/05/14 09:23AM

In addition to all of the fun "food stamps" and free nights in jail, here is another thing to look forward to as a reward for being poor: having your limbs amputated.

Hamilton Nolan · 07/31/14 04:01PM

A new government report on the persistence of the implied "Too Big to Fail" guarantee for major banks finds that the advantage for those banks has declined since the recession, but TBTF still exists, which is why we should still break up the biggest banks, so they can fail in peace.

How Are Airlines Making So Much Money?

Hamilton Nolan · 07/24/14 01:52PM

If you've taken a commercial airline flight recently, you could be forgiven for assuming that airlines are broke as hell, forced to penny-pinch and slash service to the bone. Not so! Several airlines reported record profits this week. But how?

Paying Taxes Is Patriotic. Dodging Taxes Is Unpatriotic.

Hamilton Nolan · 07/22/14 12:23PM

It is easy to feel as though average citizens have no real power over the monetary scams, schemes, and predations of rich and powerful people and corporations. Not true. All of us hold a power that amount of money can buy: the power of our approval.

Study: High Taxes Don't Make Rich People Move

Hamilton Nolan · 07/21/14 11:04AM

The most popular argument against high taxes on the rich by localities is that these rich people will simply flee for other, lower-tax locations. According to a new study here in NYC, this is false.

Hamilton Nolan · 07/21/14 09:31AM

A new study finds that a mere 0.07% of mutual funds were able to stay in the top 25% of funds for the past five years in a row. This is the zillionth piece of evidence pointing to the fact that you, the average jerk, should just buy cheap index funds and leave them alone.

College Finance Officers Are Full of Bad Ideas

Hamilton Nolan · 07/18/14 12:41PM

American colleges and universities face a climate of soaring costs, soaring student debt, and general wariness over the long term financial viability of our higher education model. The chief financial officers of colleges say, collectively: oh, shit.

Bubble Watch: The Bubble Paranoia Bubble

Hamilton Nolan · 07/17/14 03:48PM

Economic indicators and financial markets go up, and they go down. Sometimes they get really big, and then they collapse. What is the latest bubble? Perhaps.. the fear of bubbles itself.

The Top 1% May Be Richer Than We Thought

Hamilton Nolan · 07/15/14 08:35AM

Happy bank earnings day! You'll be happy to learn that both Goldman Sachs and JP Morgan have already reported higher than expected second quarter profits. Seems like a good time to let you know that the top 1% is even wealthier than we thought.