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The Money Meltdown

The Money Meltdown is an excellent site clearly summarizing the banking crisis, with links to articles of varying complexity, including an dry (but readable) economics paper summarizing the lessons from 42 previous banking crises and a guide from the Brookings Institution on what the next President needs to do. And yes, they also reference the podcast just discussed.
posted by blahblahblah on Oct 6, 2008 - 12 comments

 

"Poor people sending even poorer people $100"

What is the most important antipoverty program in the world? The surprising answer is remittances, the earnings sent from overseas workers back home - which, according to a new study, totals over $300 billion a year. There is an interactive map that shows you the impact per country: over 10% of the GDP of economies such as Morocco, Jordan, and the Philippines comes from these payments, which are often the largest source of investment for most developing countries. The New York Times has a neat feature showing how global migration and remittances are tied together.
posted by blahblahblah on Oct 17, 2007 - 29 comments

Money, Beautiful and False

Stephen Barnwell makes meticulous bills for fictional worlds, such as the Dream Dollars of a lost Antarctic colony, complete with symbolism and backstories. He has introduced several new, more politically controversial fictional currencies for less ideal worlds: the United States of Islam, the State of War, and the Empire of America. He is not the only artist who imagines currency, there are the beautiful notes of Kamberra and the strange work of JSG Boggs [prev] who hand-draws almost real bills that subvert the lines between money and art, occasionally running into issues with the Secret Service on the way. On the borders between reality and fantasy is the new currency developed by foreign exchange specialists Travelex, the Quasi Universal Intergalactic Denomination, introduced to solve some of the problems in money in space, and which may actually be used by space tourists. [prev.]
posted by blahblahblah on Oct 16, 2007 - 18 comments

Living the good life on just $483,800 a year

What it costs to live well in the United States. According to Forbes, living well for a family of four in New York City requires an annual income of $483,800, compared to $189,923 in Wichita, Kansas. Of course, living well, according to the methodology, involves a vacation home, a BMW 325i and a Lexus RX 330, weekends at the Ritz, and almost no savings, so you might want to skip one of these things if you are a few bucks shy. Also worth noting, the most expensive ZIP codes and houses in the United States (and the world). Are you living well?
posted by blahblahblah on Apr 25, 2006 - 83 comments

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