money-matters

What Do We Owe the Old School?

Hamilton Nolan · 05/20/10 11:00AM

Plans for a National Museum of Hip-Hop have already hit a major snag: the old school founders of the culture want to get paid. Does the world owe anything to the innovators—who were screwed as subculture became pop culture?

You'll Finally Get a Dollar, Just Before You Die

Hamilton Nolan · 05/19/10 02:54PM

The Way We Live Now: Engendering hopelessness in our best and brightest. Our youngest and strongest and most optimistic job candidates are the ones we crush first. Then the children. Then we give everything to the old, who soon croak.

Thai Protesters Live the Recession Dream

Hamilton Nolan · 05/19/10 08:38AM

Sick of all these rich guys' crap, Thai protesters went ahead and set the country's stock exchange on fire today. "Earlier in the day, Thailand's benchmark index finished up 0.7% on hopes for a quick resolution." Efficient-market hypothesis: disproved. [WSJ]

Stop Bowing Before Foreigners and Start Bowing Before America

Hamilton Nolan · 05/18/10 02:11PM

The Way We Live Now: Like newborn nationalists. Forsake the trap of globalization, quick! Trust not in the shifty promises of the inscrutable Chinee, nor in the Indian, nor in the deceptively stout German. USA, we keep our profits here!

In the Long Run We're All Dead (Also in the Short Run)

Hamilton Nolan · 05/17/10 02:58PM

The Way We Live Now: Looking at the big picture. It lifts our battered spirits to think not just of our own poor circumstances, but of the bigger losses suffered by Jay-Z, and other rich folks. It's economics, or something.

The New Reality Is Reality Doesn't Need You

Hamilton Nolan · 05/13/10 03:28PM

The Way We Live Now: Realigning our expectations with reality. It's better to say that than to say that we're finally resigning ourselves to the soul-crushing exigencies of fate. Only Wal-Mart can save us now.

Will Three-Year College Schedules Kill Fun?

Hamilton Nolan · 05/12/10 11:27AM

College was once regarded as a place where no-good kids could smoke weed for four years and come out technically qualified for a high-paying career. Now, its regarded as a place you can't afford. But is three-year college worth it?

Banks Simply Cannot Lose Money in 2010

Hamilton Nolan · 05/12/10 09:43AM

We chuckled derisively when Goldman Sachs announced it had a perfect trading quarter without a single day of losses; now, Bank of America, JPMorgan Chase, and Citigroup have said they also had perfect quarters. How easy are their jobs? [NYT]

Hobo Can Collectors Are the New US Treasury

Hamilton Nolan · 05/10/10 03:20PM

The Way We Live Now: Commuting the old fashioned way. Imaginarily, because who has an actual job? Who can afford cabs? Who can afford nickels? Who can afford homes? Who can afford spas? The homeless, that's who.

Goldman Sachs Is Perfect

Hamilton Nolan · 05/10/10 10:46AM

Goldman Sachs reports that they didn't lose money on a single trading day in the first quarter! And on more than half of the days, they netted more than $100 million! Goldman Sachs can't be beat! [BusinessWeek]

Life Is Your Average Country Tearjerker

Hamilton Nolan · 05/06/10 03:13PM

The Way We Live Now: Getting kicked while we're down. The schools are crumbling. Even the military ones! The jobs are scarce. Even for smart people! The rents are rising. The babies are crying. We ain't got much.

The Richest Journalist in America

Hamilton Nolan · 05/06/10 01:18PM

In your enriching Thursday media column: someone in the media finally strikes it rich, everyone blames Jon Meacham, Les Moonves is wildly overpaid, and you better not buy what he's selling.

Divorce, Hollywood Style

Maureen O'Connor · 05/05/10 01:10PM

For two decades, Charlie Sheen's personal life has been a battlefield of bitter ex-wives, broken engagements, porn stars, hookers, drug-fueled orgies, and domestic discord. No wonder his prenup—which we revealed yesterday—is so obsessed with minimizing risk.

Don't Assume That Villains Are the Enemy

Hamilton Nolan · 05/04/10 03:20PM

The Way We Live Now: Searching for scapegoats. You can't indict someone as a villain based purely upon the ravings of the populists, you know. Congressmen are not the enemy. Nor are airlines, or free Kiehls samples. Nor is sex!

Your 2010 Media Intern Price List

Hamilton Nolan · 05/03/10 03:49PM

The only way to "make it" in the media now is to pay a huge bribe to secure a coveted "intern" slot at a failing media outlet, where you can begin sleeping your way to the top. The going rates?

We Are Ready for Another Gilded Age

Hamilton Nolan · 05/03/10 03:03PM

The Way We Live Now: Taking all those negative thoughts and shoving em where the leading economic indicators don't shine. Auctions are back! Crime is back! Torahs are back! And the only broke ones are the jerks, in Connecticut!

Media CEOs Paid as if They Ran Successful Companies

Hamilton Nolan · 05/03/10 02:02PM

In your magical Monday media column: Media CEOs earn Monopoly money, a fine White House Celebucocksucking Dinner roundup, CNN gets a new toy, and the Arizona Republic finds a use for editorials.