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.
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.
Washington, DC is defined by its income inequality. [more inside]