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Prop. 8 is a money boon

While millions are flowing into California on both sides of the gay marriage battle, California's anti-gay leaders are raking it in through their nonprofit orgs.
posted by nospecialfx on Sep 9, 2008 - 80 comments

It was wrapped in white paper, I am loosing my mind paniking because that was almost my whole pay how could I possibly recoop that you know|?

I found your money. It's uncanny: the next guy emailing to claim the money that Rob "found" always describes it precisely as Rob described the money to the previous emailer.
posted by orthogonality on Aug 14, 2008 - 78 comments

He's right on the money. Wait, um, not anymore...

For the first time in nearly a decade China is issuing new banknotes without the image of Chairman Mao. Instead there's a picture of, you guessed it, their shiny new Olympic stadium. And a discus thrower on the back. [more inside]
posted by flapjax at midnite on Jul 7, 2008 - 46 comments

Who wants to be a millionaire?

Many people are up in arms (heh) over the Supreme Court's decision regarding gun control, but rather less press is being given to another opinion handed down today: Davis v. FEC. The issue was the constitutionality of the "Millionaire's Amendment", which allowed for political candidates facing self-funding challengers who intended to spend more than $350,000 to raise more money from individual donors than they would otherwise be allowed to do. In a 5-4 decision, the court found the law unconstitutional. [more inside]
posted by Bromius on Jun 26, 2008 - 16 comments

Charity begins at home. And sometimes ends in jail.

The Banyan Tree Foundation promised to take donations from contributors to be redistributed to worthy Canadian recipients. The foundation also gave donors inflated charity receipts for tax declarations, and donors were encouraged to borrow money to contribute even more, and did... from a company now owned by Banyan Tree president Robert Thiessen. Now, the money has stopped flowing, and the Canada Revenue Agency (CRA) has called the organization a "sham" and is going after Banyan donors for past charity receipts totalling more than CAD$100 million. [more inside]
posted by Shepherd on Jun 4, 2008 - 12 comments

Stories of where US stimulus checks are going

HowISpentMyStimulus.com In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. We hope this website helps shed some light on where the stimulus money is going.
posted by ThePinkSuperhero on May 31, 2008 - 77 comments

Dollar for Dollar?

Stemming from a lawsuit that has gone on for several years, a recent Court of Appeals ruled that the U.S. government must make bills with distinguishable tactile features to benefit the blind. While the U.S. government disagrees, the judges say: "The government might as well argue that, since handicapped people can crawl on all fours or ask for help from strangers, there's no need to make buildings wheelchair accessible." Not all blind people agree with the decision. [more inside]
posted by jabberjaw on May 20, 2008 - 74 comments

$3 Trillion Shopping Spree

The $3 Trillion Shopping Spree. "The occupation of Iraq will cost $3 trillion, America's most expensive conflict since WWII. Can YOU spend that money better? Here's your chance to go on a virtual $3 trillion shopping spree and prove it!" [Via Gristmill.]
posted by homunculus on May 10, 2008 - 66 comments

money can't buy happiness? well, actually it might.

money can't buy happiness? well, actually it might (NYT). [more inside]
posted by krautland on May 5, 2008 - 20 comments

Food cartels - haven't we seen these before?

Oil's got one. So does cocaine. There used to be one for light bulbs and another for uranium. While we know one currently exists for diamonds, some folks think the music industry has one. [more inside]
posted by Mutant on May 5, 2008 - 21 comments

What's the difference between Democratic and Republican congressmen? $55,000.

Want to live it up at the U.S. party conventions and get access to Senators and Congressmen? USA Today has posted the campaign committee price lists:
Democratic Senate and Congress
Republican Senate and Congress

If you've got the dough, you may conveniently request a convention package online from the Democratic Senatorial Campaign Committee. The National Republican Congressional Committee and the NRSC have other price lists on their sites, but it seems like the DSCC and DCCC sites keep theirs under wraps.
posted by TheOnlyCoolTim on May 1, 2008 - 10 comments

An Inconvenient Audit

The Pentagon's $1 Trillion Problem. Even as the Defense Department prepares to send Congress its $481.4B FY2008 budget request, it also prepares to admit -- for the 18th year in a row -- that its finances are in such poor shape that it is effectively impossible to audit or account for over a trillion dollars in past expenses. [more inside]
posted by Kadin2048 on Apr 16, 2008 - 38 comments

Easy money

Who said anything about a recession? Sometime between the government bailout of Bear Stearns and the Bureau of Labor Statistics report that America lost 80,000 jobs in March, Lee Tachman, a Wall Street banker, spent roughly $50,000 last month on a four-day jaunt to Miami for himself and three close friends.

“It was just all out — it was insane,” said Mr. Tachman. “I’m not afraid to spend money like that.”
posted by The Jesse Helms on Apr 14, 2008 - 259 comments

Give Your Kid A Tattoo For Their Own Good

SafetyTat- Temporary tattoos designed designed to be used as identification devices for children. Includes several designs for non-verbal and autistic children. Via That's Fit.
posted by ThePinkSuperhero on Apr 12, 2008 - 48 comments

Ten Thousand Cents

"Ten Thousand Cents" is a digital artwork that creates a representation of a $100 bill. Using a custom drawing tool, thousands of individuals working in isolation from one another painted a tiny part of the bill without knowledge of the overall task. [more inside]
posted by sveskemus on Apr 12, 2008 - 35 comments

Hello, my name is I went to Harvard.

Pay to play. The children of big-donor Harvard alums are systematically given preference over legacy offspring of lesser means. Additionally David Karen, now a professor at Bryn Mawr, concluded that alumni children at Harvard lose most of their admissions advantage if they apply for financial aid.
posted by The Jesse Helms on Apr 7, 2008 - 95 comments

Inflation in Zimbabwe

Inflation in Zimbabwe recently reached 160,000%. Get in on the ground floor now by purchasing a $50,000,000 bill (currently selling for 20,000x its value). Dare to become a millionaire!
posted by splatta on Apr 7, 2008 - 93 comments

wooo realestate implosion buddy! ^5

The Most Important Article You Did Not Read This Week Now, it is true that the most important article you probably didn’t read contains all the usual hair-raising things you’d expect to see about the real estate market, including “developers under siege,” “signs of weakness in key markets,” developers “slashing prices,” and the head of a major builder advising “that people wait three to four years before purchasing a new home.” But the most important article you probably didn’t read is not about real estate markets in Naples, Florida, or Sacramento, California. It is about China. [ full WSJ article here]
posted by Stynxno on Mar 28, 2008 - 43 comments

bank shot

Little by little, millions of Americans surrendered equity in their homes in recent years. Lulled by good times, they borrowed — sometimes heavily — against the roofs over their heads.

Now the bill is coming due.
posted by plexi on Mar 27, 2008 - 122 comments

Rent Vs. Buy Myths That Ruined the Housing Market

Rent Vs. Buy Myths That Ruined the Housing Market
posted by Afroblanco on Mar 21, 2008 - 107 comments

Everyone hates Ben Bernanke

Columbia Business School doesn't like Ben Bernanke. The Previous Link is a Music Video from Columbia Business School. No Billy Joel, but it is a music parody. You might not like music parodies which is A-Okay, but this is a financial focused music parody from a business school improv group. It made me smile wanely a few times, but I still enjoyed it. You might not. I am sorry if you do not. If you don't, maybe you would like a video about munchkin kittens. [more inside]
posted by Lord_Pall on Mar 19, 2008 - 22 comments

The fierce urgency of cashing out now.

Payback is a b*tch. Former presidential scandal Gennifer Flowers is putting the tapes of her recorded conversations with Bill Clinton -- which she was previously offered $5 million for -- up on the auction block. [more inside]
posted by markkraft on Feb 25, 2008 - 65 comments

Lots and lots of money.

David Horvitz will do things for money. [more inside]
posted by flatluigi on Feb 24, 2008 - 92 comments

But if the vaults are empty, what will Scrooge McDuck swim in?

According to the latest biweekly numbers released last Thursday by the Federal Reserve, for the two weeks that ended January 16th American banks had negative $1.3 billion in non-borrowed reserves. This is, historically, extremely unusual; just two months ago they had $30 billion (positive, of course) in non-borrowed reserves. The only reason some banks haven't been shut due to insufficient -- negative! -- reserve requirements is that the Federal Reserve is currently loaning them enough money through the brand new TAF (Term Auction Facility) program (also running in Canada and Europe) to make up their shortfalls. Today's TAF press release says that 52 American banks or institutions are currently receiving loans totaling ~$40 billion -- but the Fed refuses to name who they are. [more inside]
posted by Asparagirl on Jan 29, 2008 - 162 comments

Look out below...!

While the US equities markets were closed on Monday for Martin Luther King Day, stock markets around the world took a nosedive, losing billions in equity; the markets in Australia, South Korea, Japan, China, Indonesia, Hong Kong, Germany, France, the UK, and more countries have dropped at least 5% each (Canada only fell 4.75%), even though most of those markets had already been seriously down for several days prior. India has been hit particularly hard, at one point down a whopping 11%, tripping their markets' automatic "circuit breakers" for a mandatory time-out period, before scraping back up to close at 8% down. US futures markets are currently predicting a 650+ point drop just at the open Tuesday morning, before even a single trade goes through. [more inside]
posted by Asparagirl on Jan 22, 2008 - 306 comments

50 fun facts about banks.

50 fun facts about banks.
posted by jbickers on Jan 16, 2008 - 40 comments

Moneygami

Moneygami. Money folded to look like people wearing hats. (Via.)
posted by Astro Zombie on Dec 16, 2007 - 21 comments

Money as Debt

Money as Debt. Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple graphic terms what money is and how it is created.
posted by psmealey on Nov 24, 2007 - 61 comments

Economic Consequences

The Economic Consequences of Mr. Bush. "The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup." [Via Firedoglake.]
posted by homunculus on Nov 18, 2007 - 70 comments

Ups and downs in the world of high art

Is the high end Art market finally tanking? A week or so ago, it sure looked like it. An important van Gogh piece did not sell, Sotheby's stock price went into shock. However, all is well this week as both Christie's and Sotheby's kicked it into high gear and set some new records. [more inside]
posted by psmealey on Nov 15, 2007 - 13 comments

Understanding the WGA Writer's Strike

As the Writer's Guild of America strike wears on into its second week, it seems appropriate to remember why they're striking in the first place. If you ask me, the terms seem almost too reasonable. But in the defense of the studios, I'm sure the businessmen involved have gotten used to spending those millions of dollars, and wouldn't want to see them go. Now that Broadway has shut down in allegiance to their Hollywood compatriots, things are looking grim for anything to be resolved without more financial bloodshed.
posted by GoodAaron on Nov 10, 2007 - 90 comments

Polo? Gucci? Google? I'm going to be a millionaire!

Do you know a young 20 something hipster who is too busy spending their parents money on beer, poorly fitting clothes and blogging about the newest band reinventing music from 20 years ago? Is their waiter/bartending existence causing you to worry about their long term investment habits? Do they need some fisical responsbility in their young lives? Well you're in luck my friend! Thrasher Funds now offers the first mutual fund targeted to hipsters. With holdings in Apple, Gucci, H&M, and Louis Vuitton, this fund not only has it's pulse on your young hipster's generation, it also dresses the way they want! Get in on it today! via
posted by Stynxno on Nov 8, 2007 - 180 comments

Your Bottom Dollar

The pound has hit its highest level against the dollar in 26 years.
posted by chuckdarwin on Oct 30, 2007 - 75 comments

The total value of all your mines, mills, money bins, and so fourth is one multiplujillion, nine obsquatumatillion, six hundred and twenty-three dollars and sixty-two cents!

A miniature of Scrooge McDuck's money bin. (in the words of the model maker) This is a set of images documenting a model of the world's richest duck's money bin, built by me, using blueprints created by the great Don Rosa and Dan Shane.And remember Carl Barks - the mind behind the idea of a man storing all his money in a giant concrete bin.
posted by JBennett on Oct 25, 2007 - 30 comments

"Poor people sending even poorer people $100"

What is the most important antipoverty program in the world? The surprising answer is remittances, the earnings sent from overseas workers back home - which, according to a new study, totals over $300 billion a year. There is an interactive map that shows you the impact per country: over 10% of the GDP of economies such as Morocco, Jordan, and the Philippines comes from these payments, which are often the largest source of investment for most developing countries. The New York Times has a neat feature showing how global migration and remittances are tied together.
posted by blahblahblah on Oct 17, 2007 - 29 comments

Money, Beautiful and False

Stephen Barnwell makes meticulous bills for fictional worlds, such as the Dream Dollars of a lost Antarctic colony, complete with symbolism and backstories. He has introduced several new, more politically controversial fictional currencies for less ideal worlds: the United States of Islam, the State of War, and the Empire of America. He is not the only artist who imagines currency, there are the beautiful notes of Kamberra and the strange work of JSG Boggs [prev] who hand-draws almost real bills that subvert the lines between money and art, occasionally running into issues with the Secret Service on the way. On the borders between reality and fantasy is the new currency developed by foreign exchange specialists Travelex, the Quasi Universal Intergalactic Denomination, introduced to solve some of the problems in money in space, and which may actually be used by space tourists. [prev.]
posted by blahblahblah on Oct 16, 2007 - 18 comments

Leave the SIV, take the cannoli

At a time when fed-up American citizens are petitioning Congress to end the imprudent financial practices that caused the housing bubble sub-prime mortgage crisis liquidity crisis impending recession -- including the banning of SIV's and refusing any bailouts for Wall Street, banks, or mortgage companies -- the United States Treasury Department has just announced the creation of a giant-mega-ultra SIV called "M-LEC" made up of assets from several of the largest American banks. Already unofficially nicknamed "Sivie Mae" (or worse, "the Frankenstein Fund"), it would be an off-balance-sheet way for these banks to pool and price the ABCP's that they've lately been having trouble pricing and thus selling -- i.e. the liquidity crisis. [more inside]
posted by Asparagirl on Oct 16, 2007 - 82 comments

Advantages for sale to the most advantaged?

I Can Get Your Kid into an Ivy. A look at the practices of college admission consultant Michele Hernandez, who boasts a 95% acceptance rate for fees of up to $40, 000.
posted by reformedjerk on Oct 15, 2007 - 108 comments

$9 billion missing

Billions over Baghdad. "Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled."
posted by homunculus on Sep 27, 2007 - 50 comments

Rags to Riches to Rags

Watch the K Foundation burn a million quid. Google Video link to the full documentary, skip to 13:30 for the "money shot". [more inside]
posted by lazaruslong on Sep 22, 2007 - 40 comments

Cui bono?

On Tuesday, the Federal Reserve cut interest rates by 0.5%. Wall Street aggressively demanded the cut to stop the sub-prime mortgage contagion from triggering a credit crisis among large US and foreign investment banks and the collapse of their over-leveraged hedge funds, which ultimately threatened to drag the US economy into recession. The market rallied this week in response to the Fed's move. But there is no free lunch. [more inside]
posted by Pastabagel on Sep 20, 2007 - 99 comments

Canadian Money becomes Real Money

Parity - The Canadian Dollar is (almost) at equal value to the American Dollar for the first time since 1976.
posted by SansPoint on Sep 20, 2007 - 80 comments

Don't kill my Wife

Please Columbia Don't Kill My Wife
posted by Rubbstone on Sep 3, 2007 - 19 comments

eBay Arctic Ale Ouchy

Man buys Allsop, relists it as Allsopp - proving that on eBay, presentation is everything. via b3ta
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Aug 31, 2007 - 38 comments

What's up at the Fed?

A fairly lucid description of recent actions of the Federal Reserve.
posted by landis on Aug 17, 2007 - 86 comments

Mo' money, mo' legislation

Is there a link between donations given and bills passed? MAPLight.org aims to help you find out, giving you the ability to compare contributions with how legislators voted. [Via]
posted by djgh on Aug 15, 2007 - 38 comments

“I can’t afford my wife.”

25 Anonymous Money Confessions A photo essay courtesy of the Personal Finance Advice blog.
posted by LadyBonita on Aug 7, 2007 - 16 comments

A million dollars ain't what it used to be...

In Silicon Valley, Millionaires Who Don't Feel Rich [NYTimes Link] Mr. Kremen estimated his net worth at $10 million. That puts him firmly in the top half of 1 percent among Americans, according to wealth data from the Federal Reserve, but barely in the top echelons in affluent towns like Palo Alto, Menlo Park and Atherton. So he logs 60- to 80-hour workweeks because, he said, he does not think he has nearly enough money to ease up.
posted by ThePinkSuperhero on Aug 5, 2007 - 142 comments

Skylines Carved Into Currency

Australian art student Nicholas Manion has hit upon a clever idea: delicately cut paper currency forming the skyline of major cities. Via.
posted by jonson on Aug 3, 2007 - 10 comments

Make Your Own Coin

Online coin generator. Sure, it's in German, but you can figure it out.
posted by mr_crash_davis on Aug 1, 2007 - 29 comments

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