money

The White House Owes an Apology to Chester A. Arthur

Jim Newell · 12/13/11 05:30PM

President Obama set another horrifying legal precedent today, by messing around with that most important of statutory laws: The 2005 Presidential $1 Coin Act, which "requires the U.S. Mint issue new presidential $1 Coins with the likeness of every deceased president." The White House announced today that the U.S. Mint would no longer make these coins for general use, since it's a silly vanity project that no one cares about.

Would You Pay $4.3 Million for This Photo?

Wired.com · 11/14/11 03:17PM

Last week, auction house Christie's sold the above photo by Andreas Gursky for $4.3 million, setting the record for all-time most expensive photo (the previous record was set by Cindy Sherman's "Untitled #96," which sold for $3.89 million).

Poor as Hell? Ask Barack Obama for a Personal Check!

Jim Newell · 10/21/11 11:43AM

Are you poor and homeless and starving and sick of trying to fix things through the usual channels, which are all broken? Fear not! There may be a secret remedy that you haven't considered: President Obama's personal checkbook. Because he'll occasionally send personal checks to struggling people who write him with their horror stories. Just make sure to include all the gritty details.

Banks Post Profits, But Still Need More of Your Money

Lauri Apple · 10/18/11 07:33AM

Be sure to send a congratulatory greeting card and $5 to your friend Bank of America, which has just posted third-quarter profits higher than last year's. About $6.23 billion! Not a bad showing. However, J.P. Morgan Chase & Co. has surpassed them in assets, so those upcoming debit card fees are still necessary if you want Bank of America to stay in business and keep producing jobs.

Mr. Burns Explains Why He Wants More Money

Richard Lawson · 10/07/11 12:07PM

As the fate of longest-running sitcom ever (and greatest show ever) The Simpsons hangs in the balance because of money disputes between cast and production, one actor, Harry Shearer (Principal Skinner, Mr. Burns, et al) has reached out to the public to explain the situation.

Congressman Spends $200,000 a Year on Food

John Cook · 09/19/11 12:10PM

Rep. John Fleming, a Louisiana Republican who owns a string of Subway and UPS franchises, was on MSNBC this morning to explain how earning $6.3 million a year—which he did in 2010—isn't all it's cracked up to be and to tell Barack Obama to lay off the class warfare. For instance: $200,000 of that goes to food. Being "rich" doesn't sound so great now, does it?

Japanese Quake Survivors Have Returned $78 Million in Lost Cash

Seth Abramovitch · 08/18/11 01:53AM

It's now time for a story that restores your faith in mankind, even if it means going all the way to Japan to find it: In the five months since that country's devastating quake and tsunami, almost $78 million in cash has been found amongst the wreckage and turned in.

U.S. Credit Rating Downgraded for First Time

Max Read · 08/06/11 08:48AM

When you woke up this morning, did everything seem a little less... reliable? It did, didn't it? That's because credit ratings agency Standard & Poor's no longer regards the U.S. as a risk-free borrower, despite a $2 trillion error in its initial accounting.

Apple Has More Cash Than the U.S. Government

Max Read · 07/30/11 08:49AM

Why do we even bother with our stupid old "democratically-elected government," anyway? Let's replace it with Apple, Inc., which not only has a better design aesthetic but right now has more money than the U.S. Government: