money-matters

Walmart Is an Enormous Tax-Dodger

Hamilton Nolan · 06/17/15 12:40PM

A new report from Americans for Tax Fairness finds that Walmart—one of the most conspicuously flag-waving corporations in America—hides tens of billions of dollars in assets in overseas tax havens to avoid paying taxes in the US.

Fact: Union Members Earn More Money

Hamilton Nolan · 06/10/15 01:08PM

If you are not in a union, you are leaving hundreds of thousands of dollars in lifetime earnings on the table. And the CEO is tilting that table, so it all spills into his pocket.

Hamilton Nolan · 06/08/15 01:27PM

The enormous pension fund Calpers, which recently stopped investing in hedge funds, says it will cut in half the number of outside investment managers it employs in order to reduce the fees it pays to Wall Street. Shoddily managed state pension funds across America, take note.

Life on the Dole: "Immersed in Lack"

Hamilton Nolan · 06/05/15 10:35AM

We are bringing you true stories from Americans who receive welfare, food stamps, and other anti-poverty benefits. Before you consider voting for a politician who would restrict these benefits, consider what life on the dole is actually like.

Why Would Anyone Work on Wall Street?

Hamilton Nolan · 06/02/15 09:32AM

We all know why people choose to work for big Wall Street banks: “the money.” But is it “worth it?” It’s hard to imagine that it is.

Hamilton Nolan · 05/21/15 04:55PM

“In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation... [but] most millennials are reluctant to admit they’re being bankrolled.” Psht. Get that free money while you still can, idiots.

Rich Bastards Love Tobacco Stocks

Hamilton Nolan · 05/06/15 09:35AM

People who buy stocks in alcohol, tobacco, gambling, or (new!) marijuana companies are said to be investing in “vice”—traditionally a good way to earn premium returns in exchange for being a morally bad human. Who are these successful bastard investors?

Do You Receive Public Assistance? Tell Us Your Story

Hamilton Nolan · 04/13/15 11:54AM

After the Great Recession of 2008 caused mass unemployment, the government expanded some elements of the social safety net. Now, states are moving to make food stamps and other public benefits harder to get. We want to hear from those of you who actually get these benefits.