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Bank of Canada bans image of Asian-looking woman from new $100 bills over ethnicity criticism

The Bank of Canada has changed the design of its new $100 bill after receiving numerous comments from focus groups that the woman pictured looked like she was of Asian descent. [more inside]
posted by asnider on Aug 18, 2012 - 150 comments

The Business of Bond

Like James Bond movies? And box office grosses? And visualized data? Then today is your lucky day.
posted by Egg Shen on Aug 1, 2012 - 76 comments

“A Republic, if You Can Keep It”

"[T]he corrupting influence of money is the first problem facing this nation. That unless we solve this problem, we won’t solve anything else... The Framers, Lessig says, had just one kind of dependence in mind for members of Congress: a dependence on the people. He quotes The Federalist (the then-anonymous essays by Alexander Hamilton, James Madison, and John Jay that are often used as a contemporary account of the Framers’ intentions) to make this point: number 52 describes the House of Representatives as that “branch of the federal government which ought to be dependent on the people alone” (emphasis added). But in the last two decades, Lessig writes, members of Congress have developed a fearsome dependency: campaign cash. The total amount spent on campaigns by all candidates for Congress in 2010 was $1.8 billion. Fundraising has become a way of life..." (via 3 Quarks Daily)
posted by caddis on Aug 1, 2012 - 48 comments

Adventure Capital

How to make money with £100 Five Guardian writers speculate to accumulate.
posted by mippy on Jul 24, 2012 - 29 comments

Latter-Day Lucre

The most recent issue of Businessweek contains an article about How The Mormon Church Makes Its Billions. There has been a backlash, mostly over the cover.
posted by Fuzzy Monster on Jul 18, 2012 - 296 comments

What are the Chinese characters for "Didier Drogba"?

"The last European monopoly, in any area, is crumbling. This recently-opened transfer window has underscored, more than anything else, that it is no longer the European football clubs’ birthright to sign the greatest players in the world." -- Leander Schaerlaeckens on the growing clout of Chinese, Brazilian, and (WTF?) Indian soccer leagues in grabbing the top talent
posted by bardic on Jul 11, 2012 - 24 comments

"During the proceedings, the prosecutor took the time to mention that no other printer in the world could do what Kuhl had done."

Hans-Jurgen Kuhl was able to create "shockingly perfect" copies of the American $100 bill by using his artistic talents to conquer the various security features present in the bill.
posted by reenum on Jul 4, 2012 - 28 comments

"Just the idea of holding money can make people selfish."

How Money Makes People Act Less Human: Earlier this year, [Paul] Piff, who is 30, published a paper in the Proceedings of the National Academy of Sciences that made him semi-famous. Titled “Higher Social Class Predicts Increased Unethical Behavior,” it showed through quizzes, online games, questionnaires, in-lab manipulations, and field studies that living high on the socioeconomic ladder can, colloquially speaking, dehumanize people. It can make them less ethical, more selfish, more insular, and less compassionate than other people. It can make them more likely, as Piff demonstrated in one of his experiments, to take candy from a bowl of sweets designated for children. “While having money doesn’t necessarily make anybody anything,” Piff says, “the rich are way more likely to prioritize their own self-interests above the interests of other people. It makes them more likely to exhibit characteristics that we would stereotypically associate with, say, assholes.”
posted by Mooski on Jul 3, 2012 - 70 comments

"Whereas the left is always in danger of talking itself into the ground."

What's also obvious is that this phase of Occupy, with talk of credit unions and occupying the SEC, while eminently worthy, is also kind of boring, especially when compared to the thrill of Occupy's park phase. Some, though, are ready to move on. "It's easy to go back to the park occupation and fetishize it, in a way," says Occupy Chicago's Brian Bean. "I prefer not to run a mini-society – I want to run society." - The Battle For The Soul Of Occupy Wall Street - Rolling Stone - Mark Binelli.
posted by The Whelk on Jun 30, 2012 - 193 comments

Computer says No

For the past 4 days, up to 12 million NatWest / Royal Bank of Scotland customers have been unable to pay bills, move money or get paid due to a technical problem. Customers have been unable to complete on house purchases and some are stuck because they can't pay hotel bills abroad. The new mobile banking service has also been affected. The bank has called in 7,000 staff to open all weekend as problems persist.
Just three months ago, the State-controlled bank outsourced nearly 300 back-office roles to Hyderabad in India.
posted by Lanark on Jun 23, 2012 - 71 comments

the dawn of a Star Trek generation

In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
posted by kliuless on Jun 22, 2012 - 117 comments

99p Stores vs Poundland

Why 99p is sometimes worth more than £1
posted by mippy on Jun 14, 2012 - 40 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

Twilight of the Pr0n

How the Internet Killed Porn.
posted by Artw on Jun 6, 2012 - 132 comments

Batman as a Founding Father would answer a lot of questions...

Drawing on money can elevate a humble bill to something a bit more entertaining. [via]
posted by quin on May 29, 2012 - 25 comments

TED: Yes to "Drying your Hands," No to "Income Inequality."

"I can say with confidence that rich people don't create jobs, nor do businesses, large or small," said über-rich venture capitalist Nick Hanauer in a March 1st TEDx talk, which TED is refusing to put on its website. [more inside]
posted by blazingunicorn on May 16, 2012 - 98 comments

"I had little anxiety about buying things because I simply couldn’t afford anything."

"A Harvard MBA Pays Down $101K Of Debt." Two years after he graduated from Harvard with an MBA, Joe Mihalic, now manager of strategic alliances and business development at Dell, vowed to do “everything in my power–short of lying, cheating, and stealing–to pay down" his student loan debt, (then totaling 90K,) "in the next ten months.” After applying for a weekend delivery job, he also decided to chronicle the steps he was taking on a blog: "No More Harvard Debt." First page of posts is here. Penultimate post explains his process: "Mission Accomplished." [more inside]
posted by zarq on May 16, 2012 - 194 comments

In Canada, Alternate Currency Keeps Traction With Fans

Canadian Tire Company coupons, thought of by some as an alternative Canadian currency, may be on the way out. [more inside]
posted by reenum on May 14, 2012 - 63 comments

From Graduate School to Welfare.

"It's the dirty little secret of higher education," says Mr. Williams of the New Faculty Majority. "Many administrators are not aware of the whole extent of the problem. But all it takes is for somebody to run the numbers to see that their faculty is eligible for welfare assistance." [more inside]
posted by Kitty Stardust on May 10, 2012 - 590 comments

Love is what you Want

I'm sick of pretending. I DON'T "GET" ART. Wherein Vice's Glen Coco goes to a Tracey Emin retrospective at London's Hayward Gallery ... and gives up. [more inside]
posted by philip-random on May 2, 2012 - 228 comments

My Faith-Based Retirement

My Faith-Based Retirement. NYT business journalist Joe Nocera discusses being financially unable to retire.
posted by lalex on Apr 29, 2012 - 156 comments

Not After Eight

A new initiative recently proposed by the Royal Canadian Mint proposes to create the MintChip, a digital currency that’s similar (to BitCoin), but is backed by the Canadian government. Aiming to become “the digital equivalent of the coins we use every day,” in the Canadian Mint’s own words, the MintChip will target micro- and nano-transactions conducted both online and offline, whether at the physical point of sale, on mobile devices, or among peers. Via
posted by infini on Apr 20, 2012 - 37 comments

A whole new meaning for the term "play money"

Canada is introducing a glow in the dark quarter.
posted by reenum on Apr 15, 2012 - 63 comments

A Serious Business

Sure, the follies of art-speak are easy to laugh at, but often criticism of it begins and ends with a dismissive chuckle – which ignores profounder problems. Why should academic terminology be the default vehicle for discussing art? Why is there such an emphasis on newness, schism and radicality? Even when the art itself may be enjoyably throwaway, language pins it to deathlessly auratic registers of exchange. This suggests a subliminal fear that, if the subject in question is not talked up as Big and Culturally Significant, then the point of fussing over it in the first place might be called into question, bringing the whole house of cards tumbling down - Dan Fox, the associate editor of frieze magazine, discusses the contemporary art scene in detail.
posted by The Whelk on Apr 12, 2012 - 43 comments

Personal Finance on a Napkin

Napkin finance. Each sketch links to a post about investing. From a financial planner best known for losing his house.
posted by xowie on Apr 5, 2012 - 17 comments

Pour one out for the penny

5 years after a think tank study (PDF) recommended its retirement, Canada says goodbye to the penny. Previous penny pinching 1 2
posted by yellowbinder on Mar 29, 2012 - 103 comments

The Iced Coffee Economy

Why iced coffee costs so much more than the hot stuff.
posted by reenum on Mar 23, 2012 - 82 comments

The Sugar Daddy Recession

The bad economy has forced some women into arrangements with less than ideal men.
posted by reenum on Mar 13, 2012 - 54 comments

Get that paper

Everything you ever wanted to know about U.S. currency. [more inside]
posted by clorox on Feb 20, 2012 - 19 comments

Edgar Rice Buried

John Carter, previously John Carter of Mars, previously A Princess of Mars, could be the biggest movie write-off of all time.
posted by Artw on Feb 17, 2012 - 382 comments

Virtual Medieval Europe, a journey back in time through text and illustrations

If you'd like to know a bit about medieval life in Europe, History on the Net has some information on life in medieval times, prepared as educational summaries for students. If you'd like to know more, Medieval Life And Times has a broader scope, and the surface links often have a number of subsequent links to even more information on sub-topics. If you want even more specifics, here is a list of medieval occupations, some information on buying, selling and bartering in medieval times, and a history of horses in Europe. [more inside]
posted by filthy light thief on Feb 8, 2012 - 19 comments

Excelsior!

How Marvel Comics screwed Jack Kirby out of millions
posted by Artw on Feb 7, 2012 - 92 comments

Sacred Economics and Beyond

"It’s a very ancient idea that the universe runs by the principles of the gift...in fact the purpose for our existence, the reason why we’re here, is to give." Writer Charles Eisenstein speaks on his book Sacred Economics: Money, Gift, and Society in the Age of Transition.
posted by velvet winter on Feb 7, 2012 - 41 comments

It is a peanut in our total

India tells Britain: We don't want your aid According to a leaked memo, the foreign minister, Nirupama Rao, proposed “not to avail [of] any further DFID [British] assistance with effect from 1st April 2011,” because of the “negative publicity of Indian poverty promoted by DFID”. But officials at DFID, Britain’s Department for International Development, told the Indians that cancelling the programme would cause “grave political embarrassment” to Britain, according to sources in Delhi. Further embarressment ensues. Emma Boon, campaign director of the TaxPayers’ Alliance, said: “It is incredible that ministers have defended the aid we send to India, insisting it is vital, when now we learn that even the Indian government doesn’t want it.”
posted by infini on Feb 5, 2012 - 34 comments

How Much Does an A-list Actor Make ... and Spend?

New York Mag presents the balance sheets of an A-List actor for our perusal.
posted by reenum on Jan 31, 2012 - 176 comments

Sometimes state quarters forgot to Put a Bird On It.

Sometimes state quarters know you only invited them because you thought they were San Francisco. (Previously.)
posted by NickDouglas on Jan 12, 2012 - 37 comments

2061

On November 22, 2011, TEDxBrussels held an all day event whose theme was: "A Day in the Deep Future." Speakers were asked to try and contemplate what life will be like for mankind in 50 years. Overview. [more inside]
posted by zarq on Dec 28, 2011 - 29 comments

From The Caine Mutiny to Kill Alex Cross

How Much More Do Books Cost Today?
posted by griphus on Dec 21, 2011 - 50 comments

The Price To Play Its Way

Want your new law school to get accredited by the American Bar Association? Be prepared to jump through some hoops.
posted by reenum on Dec 18, 2011 - 39 comments

"They were new money, without a doubt: so new it shrieked. Their clothes looked as if they’d covered themselves in glue, then rolled around in hundred-dollar bills.” ~ Margaret Atwood

Note Worthy: [guardian.co.uk] Global economic meltdown, the euro crisis and Occupy protests – this year has been dominated by financial issues. But what is money anyway? We invited writers and artists including Jonathan Franzen, Margaret Atwood and Naomi Klein to invent new currencies and banknotes for a changed world.
posted by Fizz on Dec 17, 2011 - 13 comments

Another XKCD infographic

What Randall Munroe did for Radiation, he does again for Money.
posted by Premeditated Symmetry Breaking on Nov 21, 2011 - 150 comments

Black Money

The United States Secret Service is warning about an old scam that's recently popped up again in New England: black money. [more inside]
posted by Halloween Jack on Nov 4, 2011 - 89 comments

Help Wanted: Busybodies With Cameras

People in Korea now have a new vocation available to them: snitching on other civilians for cash payouts from the government.
posted by reenum on Oct 17, 2011 - 83 comments

Death of a Fucking Salesman

Glengarry Glen Ross endures mainly as a spectacular display of verbal warfare and alpha-male gamesmanship. There’s a musical quality to it, with a great composer and a great chorus hitting the complicated runs of broken dialogue and solos that weave into profane poetry and nuggets of philosophical wisdom. Perhaps the greatest sign of the movie’s success, owed equally to Mamet’s script and this cast, is that it does a great sales job in itself, convincing us that there’s nobility to men who lie for a living — a bill of goods we’re all too happy to buy. [more inside]
posted by Trurl on Sep 29, 2011 - 67 comments

$1 + 1 + 1 + 1 + 1 + 1 = $14?

Blind Man vs. Paper Money - the Blind Film Critic demonstrates the problems of using (American) paper money. Unsurprisingly, just getting cash out of an ATM poses its own problem. [more inside]
posted by desjardins on Sep 27, 2011 - 47 comments

The cost of healthy food

Food Fight: Does Healthy Food Have to Be More Expensive? In which the blog Get Rich Slowly chronicles an argument about nutrition vs cost and then invites readers to chime in.
posted by Brandon Blatcher on Sep 23, 2011 - 129 comments

What Is Middlebrow?

Dorothy Gambrell of Cat And Girl fame spends an awful lot of time talking about education, class, debt, money, and the hollow promise of aspirational media to discuss how much she hates Good Will Hunting
posted by The Whelk on Sep 22, 2011 - 108 comments

$2 a Word? Chump Change!

Byliner and The Atavist might be heralding a change in how and how much longform article authors are paid.
posted by reenum on Sep 20, 2011 - 14 comments

Chext

Chext is a site that enables the user to enter transactions and track their bank balance via SMS. People sharing a bank account can also get updates when money is spent from the account by the other person. [more inside]
posted by reenum on Sep 19, 2011 - 30 comments

"Everyone has pain. It's your job to find it."

Start a home business, get rich quick, win financial freedom! If you watch late-night TV, you've heard it all before. But what's the story behind these slick pitchmen and their dubious schemes? Enter The Salty Droid, your ornery metal guide to the corrupt underworld of scam-marketing scum. This charmingly acerbic bot (owned and operated by mild-mannered Chicago dog-lover Jason Michael Jones [inter-view, long talk + transcript]) is a valiant crusader against the vile con-men who bankrupt the elderly and the desperate with beautiful lies. Exposed so far: A shadowy "Syndicate" of frauduct-pushing personality cults polluting the media with blogspam and woo-woo talking points. Boiler rooms in the Utah desert where telemarketers farm credit from easy targets with cunning, probing scripts [PDF]. Powerful politicians bought wholesale. Believers left to die in fraudulent new-age vision quests. It's a soul-crushing beat, enough to make one feel like a regular catcher-bot in the digital rye. But somebody's got to do it -- preferably someone with plasma nunchucks and titanium skin.
posted by Rhaomi on Aug 31, 2011 - 47 comments

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