money

Law Prof Rips School for Helping Poor Grads and Not Giving Him a Raise

Adam Weinstein · 04/17/14 10:25AM

Hell hath no fury like Rob Illig, University of Oregon securities law professor, emailing furiously for ANSWERS as to why his school is indulging in "white-man's guilt" by assisting recent graduates working in nonprofit law instead of raising his six-figure salary.

Adam Weinstein · 04/11/14 03:37PM

The "Let Me Google That For You Act" is a real bill wending its way through Congress now. It shutters a 50s-era agency that distributes government information that's mostly available for free online now. It could realize enough annual savings to buy 22 to 37 percent of one fighter jet.

J.K. Trotter · 04/01/14 12:36PM

British investment banker and former Financial Times reporter Andrew Balls says he supplemented his FT salary by...writing speeches for the vice chairman of Citigroup. Cool.

Let's Read a Review of a Restaurant Where Dinner for Two Costs $861

Adam Weinstein · 02/18/14 04:25PM

Would you pay $21 for a green tea? Well, if you were cultured, you would, you goddam heathen. But since we can't take you out anyplace nice, let's instead swig our swirled leaves with Ryan Sutton, the food critic for Bloomberg News and enjoyer of one fat night in Chicago.

In Wealth, Washington Was a Winner and Lincoln a Loser

Ken Layne · 02/17/14 12:00PM

The presidents we celebrate today were very different men. Abraham Lincoln loved to talk and debate and write and read books and be boring. George Washington was quiet and dignified, never wasting words. Abraham Lincoln led the United States into war over slavery. George Washington actually owned slaves. And in finances—the most important aspect of American life—Abraham Lincoln was a loser, while George Washington was the richest president ever.

Cord Jefferson · 11/04/13 09:17PM

Half of the workers in the United States made less than $27,519 last year. That median wage is the lowest it's been since 1998. The story is different for earners at the top, notes Al Jazeera America: "Since 2000, corporate pretax profits, adjusted for inflation, have more than doubled, reaching record levels."

Cord Jefferson · 10/24/13 07:56PM

Twitter may have lost $65 million in the third quarter—its biggest quarterly loss since 2010—but the company has set a price range of $17 to $20 per share for its forthcoming IPO. At $20 a share, Twitter's value would be roughly $12.5 billion.

Treasury Reimburses Man $500 for Mangled Dogshit-Stained Bills

Lacey Donohue · 10/02/13 07:29PM

Wayne Klinkel of Helena, Montana was reimbursed $500 Monday by the federal government after the family dog ate a wad of cash at Christmastime. In December, Klinkel and his wife left Sundance, their 12-year-old Golden Retriever, in the car while they ate at a diner; after eating, they realized the cash they’d left in the car was gone and that Sundance, who eats “anything in sight,” was responsible for the disappearance.

How to Get Rich from Memes: Steal Other Memes

Max Read · 09/30/13 10:44AM

Grumpy Cat, the cat who looks grumpy, is on the cover of this week's New York magazine, advertising a profile. The "estimated value" of Grumpy Cat, Ltd., the Grumpy Cat company, is $1 million.

Why Everything You Think You Know About Crack Addiction Is Wrong

Cord Jefferson · 09/17/13 04:41PM

One of the reasons America's idiotic war on drugs has existed as a punitive project rather than a therapeutic one is because it's easier to write off drug addicts as losers with no self-control instead of damaged people deserving of sympathy. The nation is a rat race for money, and the fewer people competing for that money the better, so who cares if some sad guy addicted to crack gets thrown in jail for years on end? More for me.

Cord Jefferson · 09/10/13 03:12PM

Our financial oligarchy briskly marches on: "[T]he top 1 percent of earners took more than one-fifth of the country’s total income in 2012 ... The top 10 percent of earners took more than half of all income. That is the highest-ever recorded level."