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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

Commie Ball

Cuban players have long been a mainstay in baseball. After Fidel Castro made it impossible for people to leave the island, the flow of players stopped to a drip. That changed with the defection of Rene Arocha in 1991. [more inside]
posted by reenum on Nov 8, 2009 - 4 comments

The Curious Case of Matt Harrington

When people think of the pitfalls of the baseball draft, it is hard not to remember the story of Matt Harrington. Harrington was drafted in the first round of the MLB draft by the Rockies and the Padres in successive years, only to go back into the draft after failing to reach an agreement each time. As the years went by, his stock kept falling. [more inside]
posted by reenum on Nov 3, 2009 - 50 comments

Nails Goes to Wall Street

Lenny Dykstra was lauded for his heroics with the Mets and Philles. After his career, Dykstra became well-known as a post-career athlete success story. Then the truth started coming out... [more inside]
posted by reenum on Oct 27, 2009 - 22 comments

Use the $2, Track the $2, $1, $5, $10, $20, $50, and $100

Use the ($2) Two / Track the ($2) Two (and the $1, $5, $10, $20, $50, and $100) [more inside]
posted by MrBCID on Oct 18, 2009 - 42 comments

Design with Currency

"If the Swiss can do it on a regular basis, why can't we North Americans too." The Dollar ReDe$ign Project believes its time for the United States to switch from the old to something new in the field of American currency. As a result, a contest was developed and submissions accepted. They range from the cultural to the cynical, and a salute to American space achievements to update designs to the present content.
posted by Atreides on Oct 14, 2009 - 126 comments

Neil Barofsky reviews TARP

Neil Barofsky, special inspector general for the Troubled Asset Relief Program, says: If the goal was to increase lending, well we haven't increased lending. ... Banks that were too big to fail are bigger than ever. ... When TARP was announced, the whole purpose was a statement that we're not going to let our large financial instiutions fail. And with that I think we may be in a far more dangerous place today than we were a year ago. (via)
posted by Joe Beese on Sep 26, 2009 - 15 comments

Debt, slavery, and violence in history

Debt: The first five thousand years. Anarchist anthropologist David Graeber (previously) writes about "debt and debt money in human history" in Eurozine. Lots of thought-provoking stuff here; I'll put a sample in the extended description. (Via wood s lot.) [more inside]
posted by languagehat on Aug 23, 2009 - 44 comments

How Could This Happen to Annie Leibovitz?

How Could This Happen to Annie Leibovitz? "This" being broke-ass-broke. More or less.
posted by chunking express on Aug 19, 2009 - 112 comments

Berkshares

The Goat Who Took on the Fed: WSJ's Andy Jordan spends time in the Berkshires to see how locals make the case for "slow money" with their own local currency, "The Berkshare". (previously 1 2 3 4) [more inside]
posted by kliuless on Aug 3, 2009 - 14 comments

Money, Get Away.

Nine years ago, in the autumn of 2000, Daniel Suelo decided to stop using money. He just quit it, like a bad drug habit. [more inside]
posted by william_boot on Jul 26, 2009 - 201 comments

Meeting Ticker

Meeting Ticker -- if this helps shorten even one meeting by one minute, it'll have been worth it.
posted by nthdegx on Jul 17, 2009 - 20 comments

Financial innovation, you say?

Madness is doing the exact same thing over and over again and expecting different results. (SLBP)
posted by vivelame on Jul 9, 2009 - 29 comments

The Great American Bubble Machine

"The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." [more inside]
posted by philip-random on Jul 6, 2009 - 76 comments

Are those $100's in your wallet or are you just happy to see me?

When Money Buys Happiness. List the ten most expensive things (products, services or experiences) that you have ever paid for (including houses, cars, university degrees, marriage ceremonies, divorce settlements and taxes). Then, list the ten items that you have ever bought that gave you the most happiness. Count how many items appear on both lists. [more inside]
posted by zinfandel on Jul 2, 2009 - 82 comments

All About the Benjamins.

Mark Wagner makes money into art.
posted by grapefruitmoon on Jun 15, 2009 - 17 comments

UK and USA might lose AAA rating

Standard & Poor’s changed the UK's credit outlook from stable to negative a few days ago, and warned that there is a chance the UK could lose its AAA rating. Meanwhile, Moodys, another of the big 3 rating agencies, has warned that the US might also eventually lose its AAA rating. The UK announcement caused sterling to drop by 1% and the FTSE by 2%. However, many blame the same rating agencies for their part in triggering the subprime crisis. The irony of this is not lost on the Wall Street Journal, who note that "After all, those governments are jacking up spending, in part, to bail out the financial firms who gobbled up those 'AAA' asset backed securities duly blessed by the credit ratings firms." [more inside]
posted by memebake on May 26, 2009 - 38 comments

You have to be rich to be poor

The High Cost of Poverty : The Washington Post explores why the cost of living is proportionately higher in poor areas. Double Jeopardy: Why the Poor Pay More (pdf): a report on payday loans, the cost of homeownership, medical debt, and banking in poor communities.
posted by desjardins on May 19, 2009 - 230 comments

I'd buy that for a $1M

Maybe you shouldn't buy that.
posted by Brandon Blatcher on May 16, 2009 - 63 comments

Sir Allen Stanford, the Ponzi artist

The Dark Knight - On Sir Allen Stanford
posted by Gyan on Apr 29, 2009 - 9 comments

The Copper Standard

The new monetary standard: Copper.
posted by bigmusic on Apr 19, 2009 - 51 comments

Not everyone is Magic Johnson

How (and Why) Athletes Go Broke [more inside]
posted by ThePinkSuperhero on Apr 13, 2009 - 130 comments

Everything Costs Something

What It Costs provides information on the costs associated with a wide variety of services and concepts. Whether you want to know the price range of practical activities — such as what it costs to replace a kitchen countertop, building a nuclear aircraft carrier — or are interested in unusual articles — such as the cost to build Fenway Park, being cryogenically frozen or cleaning up a murder scene — you will find all this and much more.
posted by netbros on Apr 9, 2009 - 24 comments

All The Best People.

Indeed, all three of Hitler’s prized leather whips were presents from high society ladies. : Christopher Clark reviews High Society in the Third Reich by Fabrice d’Almeida in the London Review Of Books.
posted by The Whelk on Apr 7, 2009 - 24 comments

Renewing the economics of theatre

The recession has hit the theatre world (and the arts scene in general) very hard - but some argue that theatre practitioners aren't doing themselves any favours when seeking funding. The main question insufficiently addressed is "who is the funding for?" - hint: it's not about you. Approaching theatre as a product isn't working, not when MFA acting programs don't often allow its graduates to earn enough to earn back their debt. So now the question is: how can the economics of theatre be changed?
posted by divabat on Mar 29, 2009 - 60 comments

Where did all the money go?

Where did all the money go? is just one of the enties to GOOD's financial crisis infographic competition. [more inside]
posted by pharm on Mar 20, 2009 - 30 comments

Michael Richards gets a mulligan for the week

"I understand you want to make finance entertaining, but it's not a f*ckin game." (parts 1 2 3) After trading blows over the last couple weeks, CNBC's Mad Money host Jim Cramer appeared opposite Jon Stewart as a guest on The Daily Show. While Cramer worked to keep his poise during the awkward exchange, the evisceration may call to mind Jon's appearance on Crossfire.
posted by Christ, what an asshole on Mar 13, 2009 - 273 comments

What Does $1 Trillion Look Like?

What Does $1 Trillion Look Like?
posted by ZenMasterThis on Mar 12, 2009 - 75 comments

What happens when the stock market goes to zero?

Why are these companies free? In which we learn about "negative enterprise value" and an interesting prospect of using a market collapse to get free money. "Seemingly, a buyer who can afford all of the shares can end up being paid to own these companies."
posted by Cool Papa Bell on Mar 12, 2009 - 28 comments

it's good to be a banksta

Simon Johnson on Bill Moyers [1] (and, prolifically, making the public media rounds on npr [2]) tackling the bailout of the American Oligarchs, a.k.a. banksters... [more inside]
posted by kliuless on Feb 14, 2009 - 16 comments

alternative currencies

Hard up for cash? Roll your own :P [more inside]
posted by kliuless on Feb 8, 2009 - 36 comments

Dating A Banker Anonymous

Dating A Banker Anonymous Are you or someone you love dating a banker? If so, we are here to support you through these difficult times. Dating A Banker Anonymous (DABA) is a safe place where women can come together – free from the scrutiny of feminists– and share their tearful tales of how the mortgage meltdown has affected their relationships. Via
posted by ColdChef on Jan 28, 2009 - 167 comments

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