money-matters
The Economy Is Having a Relapse
Hamilton Nolan · 05/04/11 11:09AMBin Laden Death Momentarily Distracts Americans from Own Poverty
Hamilton Nolan · 05/02/11 12:15PMYou Are Not Middle Class
Hamilton Nolan · 04/28/11 04:59PMThink you're middle class? Bullshit! Idiots! Nobody in the entire world knows what class they're in, these days. Rich Americans don't think they're rich until they're septa-millionaires. And foreigners are just as bad; a new study of 1,100 Argentinians found that "everyone thought they were basically middle class."
Wal-Mart Will Save Itself With Guns
Hamilton Nolan · 04/28/11 12:39PMArt Guy Just Staples His Prize Money to the Wall
Hamilton Nolan · 04/28/11 09:03AMAll This Inequality Is Making The Poors Very Distrustful
Hamilton Nolan · 04/25/11 12:31PMThe whole nation of America was founded on the premise of being "one big happy family," with equality for all—women and minorities now included by law! Sadly, economists tell us that income inequality may be eroding the trust between the rich and the poor members of the American "family." What's the reason for the treason, distrustful poors?
Americans Not Happy With Nation's Glorious Economic Recovery
Hamilton Nolan · 04/22/11 10:17AMDov Charney Gets His Bailout
Hamilton Nolan · 04/22/11 08:25AMTeetering teenage titty tableau titillator American Apparel has been wrestling this week with the question of how to get millions of dollars to keep itself alive while still being run by Dov Charney, a crazy person. They've done it! How? They found the minute handful of people in North America who A) have millions of dollars to invest, and B) do not think Dov Charney is a crazy person. What are the chances?
Higher Taxes Don't Make Rich People Leave a State
Hamilton Nolan · 04/21/11 11:37AMThe state of New Jersey instituted a "millionaire's tax" (those making over $500K had their state tax rate raised to 9% from about 6.5%) in 2004, because its multimillionaire governor at the time was a socialist who hates success. Now, a new study has documented the devastating effect that this penurious and unfair tax scheme had on the state, as all the millionaires packed up and fled for friendlier locales:
Anybody Wanna Buy a Shopping Mall?
Hamilton Nolan · 04/20/11 03:30PMWhich Is Worse: Bankruptcy, or Dov Charney?
Hamilton Nolan · 04/20/11 09:17AMFashion pimp of trendy hose American Apparel is in mortal financial peril at the moment; it needs an infusion of cash to stave off a possible bankruptcy. Investors have the cash, and the interest in the brand; what they don't have, in all likelihood, is an interest in handing a huge pile of cash over to the sole control of Dov Charney, who—despite his unshakeable confidence in himself—is the one who got the company in this situation in the first place.
Economists Debate: Are Conflicts of Interest, You Know, Bad?
Hamilton Nolan · 04/19/11 03:07PMOne portion of the devastating documentary about the global financial collapse, Inside Job (which won an Oscar, so you have to see it), dealt with academic economists—specifically, the ways that they became financially tied to banks and other players in finance, and how that may have compromised the entire practice of economics. It even showed the heads of the economic departments at Harvard (pictured) and Columbia blithely asserting that there was no need to disclose their financial conflicts of interest in academic papers. It was sickening.
The American Economy Is Collapsing Some More Today
Hamilton Nolan · 04/18/11 11:15AMThe American empire took another small step towards its inevitable fall this morning as the S&P cut its outlook on the nation's credit rating to "negative." The chance that our national credit rating will be downgraded from its current AAA rating some time in the next two years is now "at least one-in-three."
Is The Whole Online Coupon Business Sustainable?
Hamilton Nolan · 04/15/11 03:02PMGroupon clone LivingSocial just raised a terrifying $400 million in a funding round, half of which will go to the investors smart enough to get in early on this total knockoff coupon site. This comes just months after Groupon raised, like, a billion dollars in their own funding round. Is this even remotely sustainable?
America's Most Expensive College: The Unconvincing Explanation
Hamilton Nolan · 04/14/11 11:45AMAfter All That Yelling, NPR Gets Its Money
Hamilton Nolan · 04/13/11 10:10AMNPR—and the entire public broadcasting apparatus in general—has had a bad year. The botched Juan Williams firing, followed by the botched fallout from the Juan Williams firing, followed by the dumb James O'Keefe prank pseudocontroversy, followed by the resignation of NPR's CEO, mixed with constant calls from Republicans to defund NPR, which even convinced some pinko liberals that NPR should just get off the government payroll once and for all.
New Rules For Student Debt
Hamilton Nolan · 04/12/11 11:48AMBlack Market Cigarette Hustling: The Best Job Out There
Hamilton Nolan · 04/05/11 11:30AMThe ongoing Great American Economic Recovery is... well, let's say it's a "mixed bag," to keep everyone's spirits up. On the downside, prices are rising faster than wages, meaning that your meager stores of money are becoming more worthless by the day. And the cost of driving is rising rapidly, taking a bite out of your paltry paycheck before you even get to work.