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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

Futurama, baby

Goodwill: Monetary policy for the 21st century
Here's my proposal. We should try to arrange things so that the marginal unit of CPI is purchased with "helicopter drop" money. That is, rather than trying to fine-tune wages, asset prices, or credit, central banks should be in the business of fine tuning a rate of transfers from the bank to the public. [more inside]
posted by kliuless on Aug 19, 2010 - 20 comments

$$ = :) ??

On money and happiness Takeaway: buying stuff doesn't make you happier, although investing in experiences that strengthen social and familial bonds can. Interestingness: savings increased to 6.5% this year and some experts think this is permanent; conspicuous consumption is shifting to calculated consumption; “There’s massive literature on income and happiness. It’s amazing how little there is on how to spend your money.” [more inside]
posted by erikvan on Aug 9, 2010 - 57 comments

Why Movies Suck - Part 42

Hollywood ate my childhood [or] Why film remakes are desecrating our most precious memories. Hint: it's the money. [more inside]
posted by philip-random on Jul 23, 2010 - 276 comments

Phantom Debts, Real Anguish

Debt buyers have become a multi-billion dollar industry. They buy old debts and then litigate in an effort to collect with little or no evidence. [more inside]
posted by reenum on Jul 2, 2010 - 18 comments

Another Day Another Dollar Another Lie

Stephen Doyle's Dollar Bill Illustrations (Interview)
posted by dobbs on Jun 25, 2010 - 6 comments

got mny in yr pkt? kthxbai

M-Pesa, the mobile platform based money transfer system launched by Safaricom in Kenya, is changing the landscape of money in Africa, and around the world. Competition is heating up even while the service expands internationally allowing transactions to occur between Africa, UK and Asia. Bankers, regulators, startups and operators all want a piece of the pie as even the phone manufacturers themselves get into this potentially lucrative business.
posted by infini on Jun 12, 2010 - 12 comments

The Art of Making Money

For almost 20 years, Art Williams, Jr. was one of the country's eminent currency counterfeiters. His greatest achievement: counterfeiting the new (at the time) $100 bill (PDF link). [more inside]
posted by reenum on Jun 4, 2010 - 22 comments

Is the next debt crisis in student loans?

Is the next debt crisis in student loans? Students are graduating from undergrad with 6-figures of student loan debt. With whom does the responsibility reside? [more inside]
posted by k8t on May 29, 2010 - 203 comments

Space, an expensive frontier

Can the free market save the space program?
posted by Brandon Blatcher on May 26, 2010 - 41 comments

Exploitative Outsourcing?

Outsourcing has been a mainstay of internet marketers and lifestyle designers ever since Tim Ferriss made it popular. But at least one of its biggest proponents is now wondering: is outsourcing exploitative by taking advantage of international economic inequality?
posted by divabat on May 25, 2010 - 60 comments

The Net Worth of the U.S. Presidents

The Net Worth of the U.S. Presidents
posted by twoleftfeet on May 24, 2010 - 54 comments

Money money money must be funny in the rich man's world

Who would have thought it? The UK has withdrawn the 500 Euro note after an investigation by SOCA discovered that 90% of the notes in circulation were linked to crime. Nicknames the ‘Bin Laden’ (you know its out there somewhere) the purple note worth $630 is a favourite of the criminally minded due to its ultra-portability and acceptance throughout mainland Europe. Drug investigations in Latin America time and time again turn up large amounts of currency in this form. According to Columbian financial regulators 234K Euros was legally imported and declared into the country but trails of 600M Euros being exported were discovered. Whilst money laundering and fraud relating to the Euro is nothing new the decision to put into circulation such a high note must now be being questioned at the highest levels.
posted by numberstation on May 13, 2010 - 95 comments

I'm not one to keep my fridge and cupboards stocked but I had a few items from my last trip to Trader Joe's and they would get the job done.

"What would be it like to go a day without spending any money? I've thought about this before but I've never considered actually trying it. I couldn't imagine going a day without spending a single penny -- is that even possible? How would I get from A to B? What about food? Turns out, a day of living expense free is possible and you'd be surprised by the overwhelming sense of satisfaction and feeling of elation that comes from it. " The Huffington Post's Alexa van Tobel tells the astonishing and empowering tale of How I Went 24 Hours Without Spending Any Money...In New York City. Unfortunately, "this experiment is unsustainable for a long period of time."
posted by Legomancer on May 8, 2010 - 158 comments

The house always wins

Antoine Walker starred on arguably the greatest college basketball team of all time- the 1996 National Champion Kentucky Wildcats and went on to earn over $110 million dollars as a 3-time NBA All-Star with the Boston Celtics. In 2010, Walker is broke and eyeing an NBA comeback to pay off his creditors, including 2 Vegas casinos owed more than $900,000. [more inside]
posted by T.D. Strange on May 5, 2010 - 78 comments

How to Pay the Writer

Writers get pirated too - so how can they still earn money? Here are some ideas, but are they workable? [more inside]
posted by divabat on May 3, 2010 - 184 comments

The Cost Of Cutting Back

"Welcome to the simplicity movement, the ethos whose mantras are "cutting back," "focusing on the essentials," "reconnecting to the land" - and talking, talking, talking about how fulfilled it all makes you feel." Charlotte Allen of In Character about the Simplicity Movement, magazines, wild boars, virtue, and 350$ riding boots.
posted by The Whelk on Apr 25, 2010 - 75 comments

Follow The Money

Follow the money attempts to detect and visualize the structure of large-scale communities in the US based on the flow of money using data from Where's George? [via]
posted by gruchall on Apr 23, 2010 - 9 comments

"This is an open-and-shut case of anti-competitive behavior"

"What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human shit into billions of dollars of profit for Wall Street" - "Looting Main Street" Matt Taibbi takes an in-depth look into how finance, deregulation, corruption, synthetic rate swaps, and greed decimated Birmingham, AL. [more inside]
posted by The Whelk on Apr 12, 2010 - 42 comments

"Hi, I'm Keith. Trying to live out the rest of my life waiting for a pacemaker."

Always Split Test (Even if you’re a bum): A marketing experiment to benefit the homeless, or a homeless experiment to benefit a marketer? Online marketing blogger "Brian" puts his talent to work by making a better sign for a homeless man.
posted by circular on Mar 29, 2010 - 89 comments

Be it resolved that financial 'innovation' does not boost economic growth

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

Money in Socialist Economies: The Case of North Korea

Money in Socialist Economies: The Case of North Korea by Dr. Rüdiger Frank [more inside]
posted by Tlery on Mar 1, 2010 - 27 comments

4chan memes? On my money?

Defaced Presidents [more inside]
posted by ardgedee on Feb 25, 2010 - 25 comments

YOU NEVER GIVE ME YOUR MONEY

Abbey Road the famous recording studios are up for sale! After losing their headline acts Radiohead and The Rolling Stones the troubled record company has posted losses of £1.75bn Former bond-trader Guy Hands has been running EMI since 2007
posted by Lanark on Feb 16, 2010 - 29 comments

Sleepwalking into Oblivion

Guardian editor Alan Rusbridger on paywalls and the future of journalism.
posted by Artw on Jan 25, 2010 - 14 comments

Is it safe?

Is it safe? While it looks that the banking system is in better shape than before, some companies still seem to want to hedge their bet. A German insurance company is suing the German central bank to force them open a checking account for them. "As an insurer, it’s our very own task to manage risks and regulators demand that from us,” Mallinckrodt said. “The Bundesbank is the only lender in Germany with no risk to become insolvent, so only an account there is risk free." [more inside]
posted by yoyo_nyc on Jan 21, 2010 - 11 comments

"Truth is the highest thing that man may keep." - Chaucer

"I'm needy, but I'm not greedy. It's better to be honest." A New York City cabbie returns over $21,000 left in his taxi. A similar case occurred three years ago when a Manhattan cabbie returned half a million dollars worth of diamond rings. Honest taxi drivers can be found on the West Coast, as well.
posted by Tenacious.Me.Tokyo on Jan 13, 2010 - 43 comments

amateurs do it for love

Mohandas K. Gandhi’s critique of the modern identification of society with the state was devastating. He believed that it disabled citizens, subjecting mind and body to the control of professional experts when the purpose of a civilization should be to enhance its members’ sense of their own self-reliance. He proposed instead that every human being is a unique personality and participates with the rest of humanity in an encompassing whole. Between these extremes lie proliferating associations of great variety. [...] But what is most relevant to us is his existentialist project. If the world of society and nature is devoid of meaning, each of us is left feeling small, isolated and vulnerable. How do we bridge the gap between a puny self and a vast, unknowable world? The answer is to scale down the world, to scale up the self or a combination of both, so that a meaningful relationship might be established between the two. Gandhi devoted a large part of his philosophy to building up the personal resources of individuals. Our task is to bring this project up to date. ~ From The Digital Revolution and me by John Keith Hart
posted by infini on Jan 9, 2010 - 15 comments

If Potter gets a hold of this building and loan, there will never be another decent house built in this town.

Frank Capra meets Collateralized Debt Obligations:
The idea is simple: If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it's meant to be. It's neither Left nor Right -- it's populism at its best.
Move your money.
posted by Anything on Dec 31, 2009 - 70 comments

Contest: worst footnote of the year

Footnoted.org, a blog devoted to pointing out those buried atrocities in SEC filings, is having its annual worst footnote of the year contest. contenders include Chesapeake Energy disclosing it spent $12.1 million to purchase Aubrey McClendon's antique map collection, Martha Stewart's $3 million retention payment to remain at Martha Stewart Omnimedia and InfoGroup disclosing it really spent $852K on former CEO Gupta's yacht instead of zero. Polls close tomorrow.
posted by krautland on Dec 30, 2009 - 24 comments

The $10,000 Spam That Wasn't

Is it still spam if they actually give you the money? (SLYT)
posted by mikepop on Dec 23, 2009 - 37 comments

Adnan's World

Adnan Khashoggi was one of the high society news makers in the 80's, considered by some to be on Donald Trump's level. While things have gone alright for the Donald, Khashoggi hasn't done as well... [more inside]
posted by reenum on Dec 14, 2009 - 19 comments

PayPal should not exist

Might the consumer banking revolution be coming? "Yodlee is the engine behind the online banking operations of most banks in America — and, for that matter, of mint.com... and it's now going to open up that database to software developers around the world." With mobile internet adoption soaring, the birth of iBanking may not be that far behind. An upgrade of payment and financial information systems could be closer than you think. [more inside]
posted by kliuless on Dec 11, 2009 - 33 comments

To berate, belittle, and besmirch Ben Bernanke

In testimony before the Senate Banking Committee... where he’s seeking re-appointment as the Fed’s chairman, Bernanke called for cutbacks in Medicare and Social Security... “Willie Sutton robbed banks because that’s where the money is, as he put it,” Bernanke said. “The money in this case is in entitlements.” [more inside]
posted by Joe Beese on Dec 4, 2009 - 91 comments

Tis The Season To Be Frugal

This Christmas: 6 ways you're not saving money (when you think you are) and 39 ways you could be (that you're not doing).
posted by Taft on Dec 3, 2009 - 81 comments

Remittances reversed

“We send something whenever we have a little extra, at least enough so he can eat." Remittances, the small money transfers a previous FPP called "the most important antipoverty program in the world", are now flowing the opposite direction. Yes, poor families in southern Mexico are having scramble to find money to send north to their out of work relatives in the US.
posted by Forktine on Nov 18, 2009 - 14 comments

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