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NPR's Planet Money has bought a toxic asset. As announced on their podcast Tuesday and on Morning Edition today, the team's five reporters pooled $1000 to buy a stake in over 2000 mortgages, with the (highly unlikely) profits going to charity. Listeners can track the asset's progress, suggest it a name, and even watch it personafied in a two minute video.
posted by l33tpolicywonk on Mar 12, 2010 - 37 comments

Douglas Rushkoff was mugged on Christmas Eve. After posting about the incident on a neighborhood message board, the response was not concern about crime or his safety but about the negative effect this might have on property values. Rushkoff writes in a new book (and discusses on BloggingHeads) the corporatization of our culture and the need to deal in currencies which are local and carry innate value. Previously.
posted by l33tpolicywonk on Jun 24, 2009 - 72 comments

Two Washingtons: Washington, DC is defined by its income inequality. [more inside]
posted by l33tpolicywonk on Sep 6, 2008 - 34 comments