"The plan was money. The architect was money. The designer was money and the builder was money. And if you ever wondered what money would look like if it were left to its own devices, it's Dubai
posted by vidur
on Mar 13, 2011 -
"New Economy, New Wealth - We are entering a post-industrial age with a very different economy and needs for a different view of wealth. What does this mean for us?"
by Arthur Brock, using Prezi
). I recommend viewing it full-screen.
posted by baejoseph
on Mar 3, 2011 -
"Meanwhile, Important Politician stretches out in his business class seat and listens to his wife talk about the pearls! And the silk scarves! And the amazing food! And IP thinks back to that Foreign Service Officer he just met. And he thinks: what a great life that guy has! He goes to parties at the President's mansion. He drinks fancy wine. He drives around in air conditioned motorcades, with people saluting him as he walks into government buildings. He goes hiking - in the middle of a work day, even! - on the Great Wall. What a cushy life he leads, thinks Important Politician.
" A proposed pay cut
is not going down well with some Foreign Service Officers
posted by vidur
on Feb 26, 2011 -
As California goes, so goes the country, they used to say. Well, yikes. Golden State
, an n+1
piece by Nikil Saval, presents a bleak picture of paralysis and conflicted interests that has rendered "The Bellwether State" all but inoperable. (via Arts & Letters Daily)
posted by Trochanter
on Feb 13, 2011 -
A new brand of super shoppers
use coupons and other discounts to get products for absurdly low prices. The Web has turned this group from a series of independent operators into cohesive groups, frustrating retailers.
posted by reenum
on Dec 3, 2010 -
What Good is Wall Street? Think of all the profits produced by businesses operating in the U.S. as a cake. Twenty-five years ago, the slice taken by financial firms was about a seventh of the whole. Last year, it was more than a quarter. (In 2006, at the peak of the boom, it was about a third.) In other words, during a period in which American companies have created iPhones, Home Depot, and Lipitor, the best place to work has been in an industry that doesn’t design, build, or sell a single tangible thing.
posted by shivohum
on Nov 22, 2010 -
The Soviet Collapse
"The document which effectively concluded the history of the Soviet Union was a letter from the Vneshekonombank in November 1991 to the Soviet leadership, informing them that the Soviet state had not a cent in its coffers."
posted by bitmage
on Nov 19, 2010 -
Don't Make Excuses - Make Good!
Between World Wars I and II, the U.S. economy was booming - workers had choices and employers competed for their time. How to motivate and gain loyalty from a labor force that knew it could walk out the door and find more work soon? Charles Mather
, head of a family printing business in Chicago, offered employers a solution: the first motivational posters for the private workplace market
. Printed between 1923 and 1929, Mather's "Work Incentive Posters
" used strong imagery and short, clear messaging to encourage workplace values like teamwork, punctuality, safety, and loyalty
. Today, some of his 350 designs can be seen in traveling exhibitions
and poster galleries
, and Antiques Road Show
- or you can soak up some motivation from his modern-day successors at Successories
- or generate your own
. [more inside]
posted by Miko
on Oct 12, 2010 -
99 Weeks Later, Jobless Have Only Desperation.
'In June, with long-term unemployment at record levels, about 1.4 million people were out of work for 99 weeks or more, according to the Bureau of Labor Statistics.' While the Senate ponders a debate on tax cuts for the rich
, jobless claims hit highest level since April
. With such unemployment, frustration and despair grow as job searches drag on
. 'In her well-thumbed, leather-bound Bible, Terri Sadler recently highlighted in bright pink a passage in the Gospel of Matthew. In it, Jesus urges his followers not to “worry about tomorrow, for tomorrow will worry about itself.” But Ms. Sadler’s tightening throat and halting breath when she tries to read the words aloud make it clear that she is having trouble mustering enough faith to follow them.' [more inside]
posted by VikingSword
on Aug 5, 2010 -
"[Bank robber Peter Barry] Lawrence, 71, made his getaway in his wheelchair, with $2,000 in cash on his lap... he took a meandering route down Seventh Avenue until the police caught up with him five minutes later. But that was all part of the plan.
" And an embedded reporter in Afghanistan notes that "many young soldiers told me that they actually live better in the army
, even when deployed, than they did in civilian life, where they couldn't make ends meet, especially when they were trying to pay for college or raise a family by working one or two low-wage jobs" (p. 1
). Meanwhile, "parents of means are now resorting to buying franchise businesses
to keep their adult children employed." Economic life in contemporary America.
posted by rkent
on Aug 3, 2010 -
Plummeting Marijuana prices cause panic in CA. In 1983, the Reagan administration launched a massive air and ground campaign to eradicate pot and lock up growers in northern California. Charley Custer, a writer and community activist, had just arrived to Humboldt County from Chicago. With the Reagan crackdown, Custer recalls, wholesale prices shot up — to as high as $5,000 a pound. That sudden and ironic windfall for those growers willing to risk prison time transformed the community.... Prices are now much less than $2,000 a pound, according to interviews with more than a dozen growers and dealers. Mendocino County Sheriff Tom Allman says some growers can't get rid of their processed pot at any price.
posted by caddis
on May 17, 2010 -
Today, while testifying for only the second time on Capitol Hill since the financial crisis began, [former Fed chairman] Alan Greenspan said the Fed closely monitored the subprime market
[...]"I was right 70% of the time, but I was wrong 30% of the time, and there were an awful lot of mistakes in 21 years..."
. But Greenspan's defense
of his record today rang hollow
to many seasoned observers
, if not downright deceitful
posted by HP LaserJet P10006
on Apr 7, 2010 -
Gaza's tragically peculiar economy
- Last week Palestinians marked the 1,000th day of the "siege" of the Gaza Strip. The continuing economic embargo, with its attendant social and economic effects on the more than 1.5 million Gazans, makes for a depressing story. Equally depressing is the extent to which this situation has somehow become accepted as normal and acceptable by much of the international community. [more inside]
posted by nevercalm
on Mar 23, 2010 -
Was structuralism, the big idea of Claude Lévi-Strauss, more cult than science? Apostolos Doxiadis, Alecos Papadatos and Annie Di Donna – the team behind the bestselling graphic novel Logicomix – investigate.
posted by infini
on Mar 18, 2010 -