Today, Deadspin
leaked financial documents detailing the finances of several MLB teams, including a few that are getting revenue sharing money. They show that several of MLB's "poorest" franchises turned a profit due to these cash infusions.
[more inside]
posted by reenum
on Aug 26, 2010 -
56 comments
"What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human shit into billions of dollars of profit for Wall Street" - "
Looting Main Street" Matt Taibbi takes an in-depth look into how finance, deregulation, corruption, synthetic rate swaps, and greed decimated Birmingham, AL.
[more inside]
posted by The Whelk
on Apr 12, 2010 -
42 comments
Do you know a young 20 something hipster who is too busy spending their parents money on beer, poorly fitting clothes and blogging about the newest band reinventing music from 20 years ago? Is their waiter/bartending existence causing you to worry about their long term investment habits? Do they need some fisical responsbility in their young lives? Well you're in luck my friend!
Thrasher Funds now offers the first mutual fund
targeted to hipsters. With
holdings in Apple, Gucci, H&M, and Louis Vuitton, this fund not only has it's pulse on your young hipster's generation, it also dresses the way they want! Get in on it today!
via
posted by Stynxno
on Nov 8, 2007 -
180 comments
In Silicon Valley, Millionaires Who Don't Feel Rich [NYTimes Link]
Mr. Kremen estimated his net worth at $10 million. That puts him firmly in the top half of 1 percent among Americans, according to wealth data from the Federal Reserve, but barely in the top echelons in affluent towns like Palo Alto, Menlo Park and Atherton. So he logs 60- to 80-hour workweeks because, he said, he does not think he has nearly enough money to ease up.
posted by ThePinkSuperhero
on Aug 5, 2007 -
142 comments
"The iPod’s a great product. However our experience in dealing with them, as regards licensing music for iTunes, has been quite depressing."
Coldcut member and indie label
Ninja Tune co-founder Matt Black in a pixelsurgeon
interview about the new album, the relative relaxation on sample licensing, and iTunes. For another independent perspective on iTunes see
The 99c Question - addressing the pressures on iTunes from major labels to raise prices.
posted by nthdegx
on Feb 2, 2006 -
21 comments
Never use a debit card to pay at the pump: "Each day millions of Americans use their debit card at gas stations to "pay at the pump." What you probably do not know is gas stations have the right to overcharge you a certain amount to ensure they get their money. Each gas station decides how much to overcharge and hold on your account. Some put a $75 or $100 hold on the account while others only hold $5 or $10. But, these stations also decide how long to hold that money. Some hold the money for up to three days. . ." How is this even legal? Am I the last schmuck in the U.S. to find out about this? I just found out that Sam's Club (for example) charges $50 and deposits your change
three days later.
posted by spock
on Jun 19, 2005 -
94 comments
The hugely popular
iTunes is a success story. But not for Apple, which makes
virtually no revenue from the online download service.
"
When that 99 cents leaves your wallet, the RIAA monopoly swallows most of it, and the credit card companies swallow the rest. As the supplicant in this relationship, Apple is left holding the can." Steve Jobs -
"
We would like to break even/make a little bit of money but it's not a money maker,"
posted by Blue Stone
on Nov 7, 2003 -
57 comments
Silly listeners. Payola in radio isn't "back", it's just back in the
news.
Read how more than ever radio airplay is not determined by you, creativity, inspiration, nor musical genius, but by the big green. More reasons to try
xm?
posted by omidius
on Mar 3, 2003 -
17 comments
Poverty is Expensive (part 59) The "i-Gen" prepaid MasterCard, available at a Rite-Aid near you, for those who don't have bank accounts (for debit cards) to say the least of credit ratings sufficient to get credit cards. Pay a $10.00 upfront fee, pay another $5 a month plus a "reload" fee of at least $5 every time your card runs down, all for the privilege of letting them hold on to your cash at no interest.
posted by MattD
on Jul 7, 2002 -
28 comments
Enron's historical precidents. This L.A. Times article discusses the historical precidents to the Enron debacle. My favorite (among lots of good stuff):
"Like Enron, ITT was a big campaign contributor. But Geneen's idea of how to use political influence made Lay and associates look like choir boys. In 1970, the company offered Republicans $1 million and consulted heavily with the Nixon White House and the CIA when Chile's new socialist president, Salvador Allende, threatened to seize the ITT-owned Chilean Telephone Co. Allende was overthrown with U.S. aid."
posted by electro
on Feb 22, 2002 -
9 comments
The founders of Webshots.com sold out to Excite@home in '99 for $82.5M, they just bought it back--for $2.4M. $6.7B Excite.com goes for $10M and Blue Mountain Greetings ($780M) goes for $35M. A billion here, a billion there and pretty soon we're talking more than pocket change.
posted by m@
on Jan 8, 2002 -
12 comments