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582 posts tagged with money.
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I love the smell of francs in the morning

Have you dreamed of owning a money bin a la Scrooge McDuck? Your dreams can now become a reality.
posted by reenum on Dec 13, 2013 - 33 comments

In The Jungle

"Mbube", a song that morphed into "The Lion Sleeps Tonight", illustrates the convoluted legalities surrounding music publishing rights and payments.
posted by reenum on Dec 11, 2013 - 19 comments

A Hundred Bucks Says You Won't Read This Story

Esquire's Chris Jones looks at the old techniques used to make the new US $100 bill.
posted by reenum on Dec 9, 2013 - 50 comments

America's New Masters

This shift in how companies are governed and raise money is bringing with it a structural change in American capitalism. That should be a matter of great debate. Are these new businesses, with their ability to circumvent rules that apply to conventional public companies, merely adroit exploiters of loopholes for the benefit of a plutocratic few? Or do they reflect the adaptability on which America’s vitality has always been based? - Rise of the distorporation - how changes in the way companies are financed and managed is changing the wealth distribution of America.
posted by Artw on Nov 2, 2013 - 23 comments

Millions of people follow his biblically inspired advice.

The Prophet: Meet Dave Ramsey, the most important personal finance guru in America. There's probably no better way to learn about the financial lives of individual Americans than to spend a few hours listening to The Dave Ramsey Show, which airs in every major media market in the United States...Listen long enough and you realize you are hearing the raw, unfiltered tragedy of the economic plagues facing 21st-century America. [via]
posted by mediareport on Nov 1, 2013 - 86 comments

“You know what you are, you franchise bastards.”

When the announcement had been made that Wimbledon FC would be moved to Milton Keynes, to later be rebranded MK Dons, a meeting was called by Wimbledon fans. Toward the end of a charged meeting in the Wimbledon Community Centre, Kris Stewart, then chair of the Wimbledon Independent Supporters Club, realized that the fans had no chance of hanging on to their club and that no amount of protests would stop the franchise moving to Milton Keynes. In that moment Stewart made his walk through the crowd toward the microphone. “I’m tired of fighting,” he said before issuing a spontaneous rallying cry that has become legendary among fans of AFC Wimbledon. “I just want to watch football.” (SLTheMorningNews)
posted by Rustic Etruscan on Oct 24, 2013 - 9 comments

I hope the beer in hell is non-alcoholic.

Ruby-Strauss learned his craft working for the notorious Judith Regan, in whose shadow all lowbrow publishing still operates. In college at the University of California, Santa Cruz, he had been a comp-lit major who scoffed when friends talked up popular sci-fi books. “I was too pretentious,” he says. “I was reading Camus.” (A far way from that to Tucker Max, I noted. “Is it?” he replied.) Under Regan, he came to appreciate the simpler beauty of “books that sell.” He acquired a book by shock-rock star Marilyn Manson and then a series of pro-wrestling books, still his highest-selling titles ever. He once took Regan to a match, where he remembers her looking around the arena and declaring happily of the crowd, “You could sell them blank pages!” (SLNewRepublic) [more inside]
posted by Rustic Etruscan on Oct 23, 2013 - 15 comments

Why People Mistake Good Deals for Rip-Offs

Why People Mistake Good Deals for Rip-Offs. In another experiment, the ventral putamen, a region of the brain that processes reward, was more active when people drank Pepsi than when they drank Coke—except when they were told that they were drinking Pepsi. Coke’s brand appeal is so powerful, and our ability to determine the value of cola so fickle, that our brains respond differently as soon as we learn that what we’re drinking isn’t Coke. The physical experience doesn’t change at all, but we’re unable to peg the value of a brown, caffeinated soda until we know where its life began.
posted by crossoverman on Oct 22, 2013 - 97 comments

Money

Money by Robert Wechsler
posted by Blazecock Pileon on Oct 19, 2013 - 13 comments

"How do you calculate the effect that demons have on property value?"

Does Satan worship lower a Las Vegas mansion's value? [latimes.com] How do you determine a price people might pay for such “stigmatized properties?” It’s simple, really. You call Randall Bell.
posted by Fizz on Oct 13, 2013 - 40 comments

Who Sits On All The Money?

The Guardian presents an animated video explaining the distribution of wealth in the UK (and how it's getting worse).
posted by The Whelk on Oct 10, 2013 - 14 comments

McCutcheon v. FEC

Supreme Court to consider lifting campaign contribution limits. Reversing McCutcheon v. Federal Election Commission would allow unlimited individual campaign contributions.
posted by kliuless on Oct 7, 2013 - 101 comments

When To Start Caring About the Powerball Jackpot

Walter Hickey at Business Insider looks at when you should buy a Powerball ticket and whether to take the lump sum or annuity if you win.
posted by reenum on Sep 28, 2013 - 50 comments

Ripe For The Picking

Ask A Native New Yorker: How Guilty Should I Feel About Being A Horrible Gentrifier? Passionate response from a Bushwick native.
posted by The Whelk on Sep 27, 2013 - 205 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

Giant Bomb

PayPal locked down the developer’s account, and said it could only have 50% of the funds. The rest would be released as development continued, based on PayPal’s assessment of the situation. PayPal was, essentially, going to become a producer going forward. Crowdfunding's Secret Enemy is PayPal
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Sep 20, 2013 - 73 comments

Good Job

In a “third-world” city, a self-styled tour guide might be tipped in return for leading a group of sightseers. In Italy, a Neapolitan street urchin might offer to protect a parked car in return for a gratuity.

In both cases, the inference is clear: if you don’t employ me, I will hurt you. This thinly veiled extortion is the subtext to much tipping: if the propertied individual doesn’t comply with the demands of the semi-employed, something terrible might happen to them or their things. So tipping began essentially as a way to stave off violence by the indigent, forgotten people; it is a social contract adhered to by the privileged class who fear and disdain the less fortunate and are aware of the failure of their own class to create equity.
posted by four panels on Sep 18, 2013 - 42 comments

all the financial advice you’ll ever need

...pretty much everything you need to know [on personal finance] on a 4x6 index card.
posted by latkes on Sep 16, 2013 - 119 comments

Using cash is expensive - especially if you're poor

The costs of cash. Economists know that using cash has a built-in cost, compared to electronic forms of payment like credit cards or direct deposits. (Prepaid cards, not so much.) This creates a "digital divide" that may contribute to income inequality. A new study out today from Tufts quantifies these costs, which hit the poor over three times as much as wealthier folks, on average.
posted by gottabefunky on Sep 9, 2013 - 136 comments

That's what I waaaaaa-aaaaaa-aaaa-aaaa-aaant, yeah

You've more than likely heard this early recording of Money by the Beatles, or perhaps this version by the Rolling Stones. But Barrett Strong, the man who originally recorded it and who was the primary songwriter hasn't shared in the millions of dollars the song has earned over the years.
posted by flapjax at midnite on Sep 2, 2013 - 30 comments

Bandz a Make her Class

Juicy J, member of the Oscar award-winning group Three 6 Mafia has offered $50,000 to promote his single 'Scholarship'. [more inside]
posted by hal_c_on on Aug 29, 2013 - 16 comments

“It just got very, very old and all of us felt that we were whores."

More than half the population of small, rural Madras, Oregon (population: ~6059) and its surrounding community is served by one clinic: Madras Medical. At the beginning of 2006, the clinic's doctors and nurses decided to ban pharmaceutical reps from visiting their practice. No more free lunches. No more free drug samples. No more gifts. And yet.... "It's made us better doctors." (Via) [more inside]
posted by zarq on Aug 27, 2013 - 40 comments

$4.99 TO UNLOCK COMMENTS ON THIS THREAD

EA is setting it's hopes for the future on Plant's Vs Zombies 2's "freemium" model, hoping they've done it "the PopCap way". Here's how to play it without paying to win.
posted by Artw on Aug 16, 2013 - 100 comments

"Elites preying on the weak, the gullible, the marginal, the poor."

"We condition the poor and the working class to go to war. We promise them honor, status, glory, and adventure. We promise boys they will become men. We hold these promises up against the dead-end jobs of small-town life, the financial dislocations, credit card debt, bad marriages, lack of health insurance, and dread of unemployment. The military is the call of the Sirens, the enticement that has for generations seduced young Americans working in fast food restaurants or behind the counters of Walmarts to fight and die for war profiteers and elites."
-- War is Betrayal. Persistent Myths of Combat, an essay by Chris Hedges of Truthdig. Responses within. [more inside]
posted by zarq on Aug 9, 2013 - 57 comments

The Western Lands

How the Western Was Lost (and Why it Matters)
posted by Artw on Jul 29, 2013 - 226 comments

Confidential:

Don't go to art school. Why it's a bad idea and what you can do with the money instead.
posted by Artw on Jun 26, 2013 - 103 comments

Cocaine's A Hell Of A Drug

Sly Stone's history of drug addiction and eccentricity is well known. But, a recent California Court of Appeals ruling details how a series of ill advised business deals left Stone destitute. [more inside]
posted by reenum on Jun 16, 2013 - 41 comments

How New Yorkers Make It There

New York magazine, via Reddit, compares how much people in New York City get paid to do thier jobs.
posted by The Whelk on Jun 16, 2013 - 86 comments

$100 Invested in 100 $1 Lottery Tickets

The thrill and rush of possibly winning started to wear off after about the twentieth losing ticket. Each card had a couple of “Life” symbols on them, and every time you got a second you just dreamed of seeing the third one under the remaining graphite. However it never appeared and never will and it just kind of turned depressing. How could people put themselves through this humiliation and teasing every day of their lives?
The classic criticism of the lottery is that the people who play are the ones who can least afford to lose; that the lottery is a sink of money, draining wealth from those who most need it. Some lottery advocates . . . have tried to defend lottery-ticket buying as a rational purchase of fantasy—paying a dollar for a day's worth of pleasant anticipation, imagining yourself as a millionaire. But consider exactly what this implies. It would mean that you're occupying your valuable brain with a fantasy whose real probability is nearly zero—a tiny line of likelihood which you, yourself, can do nothing to realize. . . . Which makes the lottery another kind of sink: a sink of emotional energy. [via]

posted by Jasper Friendly Bear on May 18, 2013 - 154 comments

How art launders money always fascinates me

$8mil Basquiat painting disguised as a $100 painting by an unknown artist
posted by Yellow on May 13, 2013 - 26 comments

Prom spending highest among poor northeastern families

Prom spending rising again, average of $1,139 The USA Today story is based on a recent VISA press release about prom spending that comes out every year. The VISA press release breaks down how prom spending is highest among Northeastern families, with Northeasterners averaging $1,528 compared to Midwesterners paltry $722. It also shows a breakdown by income category with families earning less than $50,000 spending an average of $1,245 while those from higher earning families spend $1,129. [more inside]
posted by notmtwain on Apr 29, 2013 - 77 comments

Antennas for all

Aereo is a web service that allows subscribers to watch broadcast TV on their computers or mobile devices. The broadcast networks are furious. Aereo is ready for a PR fight, and is currently winning the legal battle. Variety wonders: Is Aereo Actually a Good Thing? [more inside]
posted by ThePinkSuperhero on Apr 19, 2013 - 41 comments

"I couldn't afford for Carpentersville to become Detroit"

Tom Roeser was unhappy about the decline of his town, Carpentersville, IL. So he decided to do something about it. Roeser bought some foreclosed properties, renovated them, and then rented them out for below market value.
posted by reenum on Apr 2, 2013 - 56 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

Peter Parker is underpaid

Guilt, gratitude, music photography. Freelance Australian music photographer Leah Robertson writes about being underpaid, and how pervasive it is in the industry. Check out rates from around the world at Who Pays Photographers?
posted by Charlemagne In Sweatpants on Mar 16, 2013 - 20 comments

The Balinghou

Generation Gap: "The parents of China’s post-1980 generation [the bā líng hòu (八零後)] (themselves born between 1950 and 1965) grew up in a rural, Maoist world utterly different from that of their children. In their adolescence, there was one phone per village, the universities were closed and jobs were assigned from above. If you imagine the disorientation and confusion of many parents in the West when it comes to the internet and its role in their children’s lives, and then add to that dating, university life and career choices, you come close to the generational dilemma. Parents who spent their own early twenties labouring on remote farms have to deal with children who measure their world in malls, iPhones and casual dates." [more inside]
posted by zarq on Mar 7, 2013 - 16 comments

No quid, no quo

Can the UK's 'toilet circuit' of small music venues survive? From Coldplay to PJ Harvey, a lot of big British rock acts started out playing tiny pubs and clubs around the UK. But with many of these venues closing, who will keep the rock'n'roll dream alive? [more inside]
posted by ersatz on Feb 22, 2013 - 24 comments

Canadian Penny, 1858-2013

Today is a new day in Canadian specie, being the last day that the Royal Canadian Mint will distribute the penny. Cash transactions will now be rounded to the nearest $0.05. CBC posts an obituary. [more inside]
posted by dry white toast on Feb 4, 2013 - 230 comments

Defaced Money

"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both. Defacement of currency in such a way that it is made unfit for circulation comes under the jurisdiction of the United States Secret Service." - source
"Defaced Money" tagged Tumblr posts, 11 more impressive examples of creatively defaced currency, 101 Unusual, Impressive And Illegal Pieces Of Defaced Currency, and some cool guitar picks.
posted by spock on Jan 7, 2013 - 7 comments

"Victory as recorded on those screens made them feel like Masters of the Universe."

Eunuchs of the Universe: Tom Wolfe on Wall Street Today: [Daily Beast]
"As America teeters on a cliff, Tom Wolfe draws up a sterling indictment of our unscrupulous financial culture. Twenty-five years after Bonfire of the Vanities, the author returns to Wall Street to see what happened to the Masters of the Universe."

posted by Fizz on Jan 4, 2013 - 35 comments

Because one cigarette paper costs six copper pennies?

Why Are People Hoarding Coins?
posted by telstar on Dec 18, 2012 - 85 comments

"how we learned to stop worrying and embrace the abstraction"

A Brief History Of Money [more inside]
posted by the man of twists and turns on Dec 16, 2012 - 53 comments

People is important!

Dan Harmon on why you shouldn't take the internet seriously. [slyt]
posted by cthuljew on Dec 13, 2012 - 32 comments

For all debts, public and private

Banknote.ws attempts to collect and classify images of all the world's paper currency, both historical and modern, whether it's sublimely beautiful or utterly worthless. If you prefer your banknotes with snarky commentary, hasten to James Lileks' Engraveyard.
posted by theodolite on Dec 13, 2012 - 15 comments

Betting on the future

The African King With A Multi-Billion Dollar Empire RBH functions as a communitybased investment company whose primary investment aim is to generate the income required for the funding of sustainable projects. Income generated from RBH’s commercial interests is invested in infrastructural development, as well as in the members of the Nation itself. Over the past decade, more than R4 billion ($475 million) has been spent on roads, utilities, schools, clinics and other public amenities. This has benefited not only the Bafokeng, but other people living in the North West Province of South Africa, the area which the RBN calls home.
posted by infini on Dec 1, 2012 - 5 comments

Jack Whittaker's Powerball tragedy.

The day would come when many West Virginians recalled the story of Jack's Powerball Christmas with a shudder at the magnitude of ruination: families asunder, precious lambs six feet under, folks undone by the lure of all that easy money.
posted by Egg Shen on Nov 29, 2012 - 68 comments

Social Enclosures “R” Us

Who's the Shop Steward on Your Kickstarter? "The true product for sale on Kickstarter is not your art project, but your community and networks. ... Our projects that facilitate the funding are a side effect, a cost of doing business—the business of drilling our relationships for all they are worth."
posted by mykescipark on Nov 26, 2012 - 35 comments

Tazreen factory fire

At least 112 workers died in Tazreen garments factory fire in Bangladesh. The reasons of the fire are the subject of investigation, but the firefighters put the blame for the tragedy on the lack of fire exits. Since 2006, over 500 garment factory workers died in Bangladesh fires caused often by poor safety standards and shoddy electrical installations. The garments made in the Tazreen factory were sold by C&A, among others. Clothing makes up 80 percent of the country's $24 billion in annual exports.
Last year saw the 100th anniversary of another such tragedy.
posted by hat_eater on Nov 25, 2012 - 31 comments

Money, Power and Politics

In last night's episode of Independent Lens on PBS, filmmaker Alex Gibney presented the case that America's richest citizens have "rigged the game in their favor," and created unprecedented inequality in the United States. "Park Avenue: Money, Power and the American Dream" [video, website]
posted by nowhere man on Nov 13, 2012 - 51 comments

What am I, an idiot? I mean, kind of?

Ask A Banker: What's The Deal With High Frequency Trading? From the planet money NPR team.
posted by garlic on Nov 7, 2012 - 35 comments

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