The Way We Live Now: giving up on ourselves. That's a step in the right direction! It's ourselves that got ourselves into this mess. The sooner we turn to other, better people for help, the better off we'll be. Hopefully.
Dig this, typical Gen-Xers: a new way to resent your parents for getting divorced! New data shows that by splitting up, they gave you more student loans. In fact, your college debt directly correlates to your parents' emotional stability.
The Way We Live Now: putting on the squeeze. The big squeeze, the main squeeze, the tight and juicy squeeze. If you're not squeezing, you're getting squeezed. And if you ain't got a bartender, the squeeze business can be rough.
The Way We Live Now: explaining things very slowly. Over the past few days, we've heard lots of chatter from the chattering class over our new American tax structure. Is it "fair?" We'll break this down as simply as possible.
The Way We Live Now: ringing bells. Alone, at home, by ourselves, where no one else can hear. The Salvation Army is an untenable burden on our souls. All we want is Jesus' blessing, and a small but reasonable bribe.
The foolish financiers who lent money to the bankrupt Tribune Company are reportedly planning to sue recently departed Tribune destroyer Sam Zell, saying that he took on so much debt when buying the company that he made it "immediately insolvent."
The Way We Live Now: stocking up on outrage. You can't blow all your outrage at once during this long and protracted class war. You have to parcel it out. Like budgeting for food, or cable, or your upcoming funeral.
The hedge fund Pershing Square Capital Management has offered to help Borders buy rival imperiled bookseller Barnes & Noble. Since Ron Burkle's not involved in this bid, you probably won't hear much more about it unless it's successful. [WSJ]
Trick question: What's poorer than an American city? Answer: the American state in which that city is located! Haha. But seriously, are you interested in paying to plaster your name on any public property, anywhere? You totally can.
The Way We Live Now: new. And by new, we mean "worse." Saying "new" just kind of makes it seem...shiny, you know? Interesting and maybe even a little adventurous. We're splurging! We're consuming! Even if we can't afford it! Patriotically!
The Way We Live Now: taking emergency measures. We know some of you business types are doing well; you'll be happy to learn that we're taking emergency measures on your behalf anyhow. Unfortunately, the unfortunate will have to be jettisoned.
Phil Falcone, the Harbinger hedge fund billionaire with the crazy wife and a stake in the New York Times, is under federal investigation for taking money out of his hedge fund to pay a personal tax bill. Ninety-nine problems, minimum.
The Way We Live Now: struggling with duality. We have two options, it seems, and both are bad. Ugly money or poor beauty? High taxes or high unemployment? Big salaries or bad judges? We feel very heroic, so much option-weighing!
The Way We Live Now: stealing everything in sight. Out of necessity, mind you. We're not some common criminals. Common criminals can't get jobs at all. We're uncommon criminals, avenging economics itself, with bold, technically criminal action!
On January 1, the estate tax is scheduled to go from 0% to 55% overnight. The gift tax is scheduled to rise significantly next year, also. What this means for you: grandma should give you your inheritance now. Now! [Reuters]
The Way We Live Now: sharing the wisdom. We don't need any eye-opening crisis or life-threatening illness to prompt us to share with you, the consumer, all of our accumulated economic wisdom. All we need is boredom. Bingo, let's go.
For well over a decade, Salon.com has tried to solve the puzzle of how to put out a daily online-only magazine featuring quality writing and journalism without losing money. They've failed. We have just one decent idea for their survival.
Heavily indebted college grad Kelli Space has posted a very humble and self-effacing update on her website. Her story puts us in the Thanksgiving spirit.