money-matters

Americans Buying Less Mundane Crap

Hamilton Nolan · 04/04/14 10:13AM

"Consumer packaged goods" is the technical term for everything you buy when you go to "the store" to "get some stuff." For years now, you, the consumer, have been buying less of this stuff. What gives?

The Myth of the CEO

Hamilton Nolan · 04/03/14 03:10PM

Mary Barra, the CEO of GM, spent yesterday being grilled by Congress for her company's years-long failure to fix a known safety defect in its cars. Barra's lack of answers is being blamed on the size of the organization she leads. Which is a great argument against the salaries that CEOs earn.

You Are Paying an Insane Amount in Overdraft Fees

Hamilton Nolan · 04/02/14 10:01AM

In 2010, federal regulators banned some of the more egregiously customer-screwing bank fees. In response, banks are just using overdraft fees to continue sucking you dry.

Millennials Worth Less

Hamilton Nolan · 03/31/14 09:55AM

The young adults of America have been sold a dream for their entire lives: go to the right school, get the right job, buy a house, and live the American Dream. Ha. The American Dream is dead, school is a debt trap, and young people are losing the economic race with the old.

Vice Is the Tech Bubble

Hamilton Nolan · 03/25/14 10:16AM

Vice Media, a company that sells cool kids to corporations for marketing purposes and does good journalism on the side, is a legitimately profitable business. Makes a lot of cash. But is Vice really worth one jillion skillion bazillion dollars? Hmm...

Grad School Is a Debt Machine

Hamilton Nolan · 03/25/14 08:43AM

America's student debt burden has been on the rise for years, along with America's class of incredibly well-educated retail workers. A new report reveals who's driving the train to debt hell: grad students. Don't do it!

Hamilton Nolan · 03/20/14 02:14PM

Robert Marcus took over as CEO of Time Warner Cable in January. Six weeks later, the company was sold to Comcast. When the deal goes through, Marcus will receive $80 million, "a severance payment that amounts to more than $1 million a day in compensation for the less than two months he ran the company." He earned it.

Rising Food Prices Could Be Great For Our Health

Hamilton Nolan · 03/18/14 08:58AM

Consider us, the average American consumers: couch-bound, sluggish, overweight, grazing on a steady diet of heavy meats, hormone-laced milk, and refined sugars. An economically required fast is the best thing that could happen to us.

The Middle Class Is a Club Too Exclusive to Enter

Hamilton Nolan · 03/17/14 10:32AM

As memories of the harsh recession years are washed away by a wave of stories about the soaring stock market and hot tech IPOs, it is worth noting that the death of America's mythical "middle class" continues apace.

The Whole World Needs to Raise Taxes

Hamilton Nolan · 03/14/14 11:35AM

It's not just America suffering from levels of economic inequality that threaten the very fabric of society. It's the whole world. So the rich need to pay the piper. That is the considered opinion of the International Monetary Fund, which is not a revolutionary organization.

Obama's Itty Bitty Teeny Tiny War on Inequality

Hamilton Nolan · 03/12/14 11:09AM

President Obama plans to use executive action to expand the number of American workers eligible for overtime pay. For those conservatives whose hackles are raised, take heart: Obama is tossing pebbles against a huge, advancing monster of inequality that may not be slain in this generation.

Hamilton Nolan · 02/28/14 05:24PM

A new research paper says there is evidence that five major banks may have been improperly colluding to manipulate the price of gold for the past decade. Shocking behavior, if true.

If You Start Saving Now You Will Still Never Afford a Home

Hamilton Nolan · 02/25/14 11:18AM

The year 2013 may go down as the peak of the post-recession boom. The S&P 500 stock index rose by 30%, its best year since before the first tech bubble burst. And hey, home prices did better than they have since before the housing bubble burst. The top... or just another stair, to heaven?