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The Loading Dock Manifesto

John Hyduk, a middle aged blue collar worker in Cleveland, writes about his daily existence.
posted by reenum on Jun 28, 2011 - 46 comments

The freezer makes my ice cream hard to scoop. Why try?

The First World Problems Rap (SLYT)
posted by swift on Jun 24, 2011 - 43 comments

Addicted To Pawn

When athletes are in financial trouble, they often go to high end pawn shops to get money.
posted by reenum on Jun 24, 2011 - 27 comments

It's all about the Bordens

It's all about the Bordens. The Bank of Canada unveils its new series of polymer bank notes. Because no one wants soggy bills when you're makin' it rain.
posted by GuyZero on Jun 20, 2011 - 68 comments

Something is rotten.

Denmark is the happiest place on Earth! At least according to 24/7 Wall Street, which has released their list of the 10 "Happiest" Countries in the World. Determined using "11 measurements of quality of life including housing, income, jobs, community, education, the environment, health, work-life balance, and life satisfaction," the United States did not make the cut. The US, however, made it to #1 on the list of the 10 Countries with the Most Millionaires. [more inside]
posted by eunoia on Jun 6, 2011 - 98 comments

What It's Worth

The Georgetown Center on Education and the Workforce released a study comparing the economic value of different college majors.
posted by reenum on Jun 2, 2011 - 29 comments

Madison Avenue no longer marketing to the middle-class as the rich have all the money.

According to Financial Blog TooMuch, a new white paper from AdAge claims that the era of "Mass Affluence is over". This means that because the middle-class no longer have the dominent share of disposable income that marketing directly to the super-rich is the future of advertising. This means that if you're over 35 and make $100,000 to $200,000, Madison Avenue no longer really cares about you.

Apparently no one in America really realised what it meant that "The top 10 percent of American households.. now account for nearly half of all consumer spending, and a disproportionate share of that spending comes from the top 10’s upper reaches."

It reminds me of that Steinbeck quote, that 'Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.'
posted by rudhraigh on Jun 1, 2011 - 163 comments

Public Schools Charge Kids for Basics, Frills

In the wake of ever deeper budget cuts, public schools have begun charging students for basics, such as registering for honors or elective classes.
posted by reenum on May 26, 2011 - 100 comments

Buck The Trend

Make your Franklin is a site which accepts submissions of recreated 100 USD banknotes.
posted by gman on May 24, 2011 - 33 comments

Money doesn't grow on trees.

Bitcoin is a peer-to-peer digital currency. Trading at eight dollars this week—and being used to pay for everything from freelance programming jobs to magic mushrooms—it has been described as “the most dangerous open-source project ever created” and “an unambiguous challenge to the government monopoly on the power to print money.” Estimated at over 20 petaFLOPS the Bitcoin network is currently the fastest virtual supercomputer in the world. [more inside]
posted by howlingmonkey on May 18, 2011 - 296 comments

Brooklyn Fields.

Almost Amis. [more inside]
posted by TheWash on Apr 28, 2011 - 16 comments

83% male with an average net worth of $5 million

What Congress Would Look Like If It [Demographically] Represented America (full size infographic). Net worth of lawmakers (related, previously).
posted by OverlappingElvis on Apr 21, 2011 - 72 comments

Renting a read from 'newspaper landlords'

The poor in Ethiopia are often unable to buy newspapers, so they 'rent' papers for 20-30 minutes at a time from local entrepreneurs.
posted by reenum on Apr 20, 2011 - 26 comments

The Free-Banking vs. Central-Banking Debate

Out of thin air? "Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless on Apr 14, 2011 - 47 comments

A Huge, Incredible Scam

The reality of For Profit Educatation in Infographic form. [more inside]
posted by The Whelk on Apr 11, 2011 - 60 comments

Debt is Dumb, Cash is King

Dave Ramsey - a syndicated radio host, author and revival-style seminar leader leads a Christian-themed, tough love crusade to convince Americans to cut up their credit cards and renounce debt forever. His detractors say our impulses, not our debt, are the problem.
posted by l33tpolicywonk on Mar 15, 2011 - 84 comments

The answer to everything in Dubai is money

"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 - 69 comments

Saying a lot with a little

Dan Tague is an artist who takes pictures of dollar bills after folding them to spell out political messages and social commentary. Additional galleries linked on the left of his page. Some of his work is in NYC this week as part of the VOLTA Art Fair.
posted by yiftach on Mar 3, 2011 - 11 comments

It's the Inequality, Stupid

Eight charts that explain everything that's wrong with America from Motherjones.com
posted by blue_beetle on Feb 22, 2011 - 103 comments

The Search for the Securitas Millions

In February 2006, a group of criminals pulled off the biggest cash heist in the history of the UK, making off with £53 million pounds. To date, only £23 million of the money has been recovered. Police are understandably upset about the dead ends in the case.
posted by reenum on Feb 16, 2011 - 12 comments

The King of the Deal

A New Yorker profile of consummate dealmaker Irving 'Swifty' Lazar. [more inside]
posted by reenum on Feb 9, 2011 - 9 comments

The Dead Weight of Debt

"The World", an ambitious real estate project conceived at the height of the real estate boom, is sinking back into the sea.
[more inside]
posted by reenum on Jan 28, 2011 - 34 comments

Craig got his million.

Craig Rowin asked the internet for a million dollars, and apparently the internet is going to deliver. Now, the caveat is that the check for a million dollars will be handed to Craig during an improv show, so is it just a publicity stunt? Time will tell. Previously.
posted by taumeson on Jan 19, 2011 - 20 comments

What's the problem?

Interview with Gary Gorton (pdf) - Fascinating look at private institutional bank money creation (really) and subsequent run on the shadow banking system that hearkens back to the late-19th century banking crises with securitization playing the role of checking before the advent of deposit insurance. "Gorton is a lucid narrator of a complex tale." (via via)
posted by kliuless on Jan 14, 2011 - 10 comments

Who Is Paying Your Doctor?

As a result of legal settlements, 7 of the major drug companies, representing a little over 1/3 of the prescription drug market in the US, are publishing their direct payments to physicians and other medical professionals. All payments are supposed to be published by 2013. Would it bother you to know that your doctor was making a decent part-time income from promoting specific prescription drugs on the side?
posted by COD on Jan 12, 2011 - 87 comments

Honey buns sweeten life for Florida prisoners

Meet the new form of prison currency: Honey buns.
posted by reenum on Jan 10, 2011 - 56 comments

The 25-Year 'Foreclosure From Hell'

Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
posted by reenum on Dec 30, 2010 - 150 comments

Digital Archive Project of Osaka online museum

Japanese woodblock print images | wonderful vintage commercial graphics | the Folk Museum Kawachinagano | old books | ceramics and laquerware from The Digital Archive Project of Osaka which has an interesting online museum to explore with some excellent art and illustrations. [more inside]
posted by nickyskye on Dec 23, 2010 - 5 comments

If I had a million dollars...

Craig Rowin asks: "Please Give Me One Million Dollars" (2, 3)
posted by The Devil Tesla on Dec 21, 2010 - 34 comments

We don't want to read about the poors

There is a firestorm in Bedford, New Hampshire, because a parent wants the school board to take the book "Nickel and Dimed: Not Getting By In America" off the reading list for a high school personal finance class. [more inside]
posted by reenum on Dec 14, 2010 - 131 comments

The Economics Of Art

How much money do you make with that webcomic internet thing? Dorthy Gambrell of Cat And Girl Answers.
posted by The Whelk on Dec 10, 2010 - 48 comments

The Decline and Fall of an Ultra Rich Online Gaming Empire

After starring in First Kid with the immortal Sinbad, Brock Pierce was left wondering what to do with the rest of his life. He decided to set out and make his fortune accumulating and selling items in EverQuest and World of Warcraft.
posted by reenum on Dec 10, 2010 - 54 comments

Bargain Junkies Are Beating Retailers at Their Own Game

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 - 126 comments

The "No-Lose" Lottery

A simple idea: take an ordinary savings account, but instead of paying interest to account holders, hold a lottery to see who gets the lump sum. Freakonomics Radio investigates Prize-linked savings (PLS) accounts (Part 1, Part 2), which combine two things that seem completely at odds with each other: saving money and gambling. In Highland Park, MI, PLS accounts have been very successful at converting "non-savers" into "savers". Why hasn't it caught on in the US? It's illegal in most states, of course.
posted by Jonathan Harford on Dec 2, 2010 - 33 comments

Good-bye to Dubai

The once shining beacon of capitalism in the Persian Gulf has lost a lot of its luster since the global financial crisis in 2008. But is it too soon to declare Dubai dead? [more inside]
posted by reenum on Nov 30, 2010 - 43 comments

Bingo In The Blood

The NY Times explores the darker side of bingo.
posted by reenum on Nov 28, 2010 - 46 comments

What $200,000 in Student Debt Looks Like

Kelli went to Northeastern University and got loans to pay for her sociology degree. Her repayment schedule is featured in the article and it is not pretty. [more inside]
posted by reenum on Nov 22, 2010 - 261 comments

Kovalchoke and the salary cap

100 million just doesn't get what it used to... Ilya Kovalchuk becomes the poster boy for irony in the NHL. [more inside]
posted by lumpenprole on Nov 12, 2010 - 55 comments

Matt Taibbi strikes again

Matt Taibbi strikes again. Having gone after the investment banking industry, incidentally attaching a description to Goldman Sachs in ways their PR machine is still trying to peel off, his latest article in Rolling Stone illuminates the pervasive fraud at the heart of the foreclosure scandal. [more inside]
posted by pharm on Nov 12, 2010 - 105 comments

"Say it with me: Automatic. Withdrawal."

Pastor Ed Young comes up with the spiritual successor to Give us all your money
posted by Blazecock Pileon on Nov 4, 2010 - 97 comments

Public Policy, Political Organization, and the Precipitous Rise of Top Incomes in the United States

Winner-Take-All Politics [1,2] (PDF) - "The sources of American economic inequality are largely political – the result of deliberate political decisions to shape markets in ways that benefit the already-privileged at the expense of a more-or-less unaware public." (via bd) [more inside]
posted by kliuless on Oct 21, 2010 - 47 comments

The Gentle Art of Poverty

A former magazine writer in his late fifties moves to San Diego and lives on very little money indeed. In the October 1977 issue of The Atlantic, he describes the stratagems behind his thriftiness. [more inside]
posted by goodnewsfortheinsane on Oct 7, 2010 - 23 comments

Money IS A Thang

Jay-Z, Buffett and Forbes on Success and Giving Back
posted by ThePinkSuperhero on Sep 27, 2010 - 10 comments

They don't make em like they used to.

Beautiful banknote vignettes which were used in the 19th century by the United States to combat counterfeiters. Brought to you by MeFi's peacay.
posted by gman on Sep 24, 2010 - 9 comments

Lunch at Sardi's every day

Producer Ken Davenport announces he will be "crowd-funding" an upcoming Broadway revival of the musical Godspell. [more inside]
posted by ThePinkSuperhero on Sep 15, 2010 - 25 comments

75,000 is the magic number

"We infer that beyond about $75,000/y, there is no improvement whatever in any of the three measures of emotional well-being." Two social scientists at Princeton, Angus Deaton and Nobelist Daniel Kahneman, have a new paper in PNAS about money and the determinants of happiness. Increased income above $75,000 is not associated with higher subjective happiness, though it is associated with superior scores on measures of overall life satisfaction. Other tidbits: "Religion has a substantial influence on improving positive affect and reducing reports of stress, but no effect on reducing sadness or worry... The presence of children at home is associated with significant increases in stress, sadness, and worry."
posted by escabeche on Sep 8, 2010 - 49 comments

The Student Loan Scam

The Student Loan Scheme: Gateway Drug to Debt Slavery...Americans now owe more on their student loans than they do on credit cards. With for-profit universities under recent scrutiny, many argue that the student loan industry itself is in need of more reform.
posted by thisisdrew on Sep 3, 2010 - 59 comments

What Motivates Us?

Challenging the notion that humans are motivated by monetary reward, Dan Pink presents a variety of studies that test this notion. Inspired by his newest book, Drive
posted by fantodstic on Aug 26, 2010 - 34 comments

The Financial Documents Baseball Doesn't Want You To See

Today, Deadspin leaked financial documents detailing the finances of several MLB teams, including a few that are getting revenue sharing money. They show that several of MLB's "poorest" franchises turned a profit due to these cash infusions. [more inside]
posted by reenum on Aug 26, 2010 - 56 comments

I pay, you pay, we pay

How to be frugal and still be asked on dates Though saving and overall frugality are making a comeback in all areas of life, dating remains the one area where it is (probably) not acceptable to be cheap.
posted by The1andonly on Aug 20, 2010 - 42 comments

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