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 -
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
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
posted by blahblahblah
on Oct 16, 2007 -
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 -
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 -
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 -
I am a Swiss Banker currently in possession of over $ 1 Billion in funds stashed away by the late dictator Mobutu Sese Seko of the Congo. Our Swiss Confederation President Micheline Calmy-Rey said her government is holding just $6.6m frozen in accounts.
"We discussed the question of Mobutu's funds and my government is prepared to restore the money to the DR Congo as soon as possible," Ms Rey told reporters
in the DR Congo capital, Kinshasa, after talks with Mr Kabila.
But we can help you get the rest of the 92.4 million dollars if you will just send us your bank account number and call to confirm your ID and pin number.
posted by infini
on Jul 17, 2007 -
Make My Movie Online
Be A Producer
Help me raise the money to produce My Movie! For a minimal donation of only $2, YOU can receive a Producer`s Credit (PC) in the end credits of my film! Not only will you receive a credit, in exchange for your donation, you can also have a vote in some of the decisions such as casting, crewing and storyline! AND, not only that, but you also will have the opportunity to participate in the PROFITS of the film when we distribute the film.
posted by pt68
on Mar 13, 2007 -
The Money Maker
:"On the 1000 guilder note, it became a “sport” for me to put things in the notes that nobody wanted there! I was very proud to have my fingerprint in this note – and it’s my middle finger!"
posted by dhruva
on Feb 26, 2007 -
Marjoe Gortner, world's youngest preacher
kicked off his religious career by performing a marriage at the age of four and a half. Although he eventually left the evangelism gig and became a hippie, lack of cash led him to take it up again part time as an adult. That is, until a crisis of conscience precipitated a documentary
where he exposed the business
of evangelical ministry. "Marjoe" won the 1972 Oscar for "Best Documentary" and has been recently re-released. An interview with Marjoe.
You tubery inside.
posted by arcticwoman
on Feb 18, 2007 -
Want to learn about investing?
Morningstar, an independent investment researcher, is offering 172 free online "classes" on stocks, bonds, funds, and portfolio building. And there's nifty quizzes at the end of each lesson where you can earn points that can be used for Morningstar products.
posted by ThePinkSuperhero
on Jan 9, 2007 -
is the handy guide for Internet startup entrepreneurs to use to calculate their next investment round. If you've recently raised money for your startup, how do you plan to use it? If you're working for a startup, better hope Matt Marshall
doesn't tag you with the dreaded bubble
posted by gen
on Jan 7, 2007 -
It's Wall Street bonus season.
And, as Henry Blodget writes, the folks who have "the good fortune of working in a hot industry in a favorable market environment"
are doing extremely well this year. Notably, Goldman Sachs is breaking records with a $16.5 billion bonus pool. That is roughly $622,000 per employee but some employees do better than others
: "[Goldman CEO] Lloyd Blankfein, for one, will probably earn a measly $50 million (loser), whereas Morgan Sze (big man on campus), head of GS's principal strategies group in Hong Kong will go home with a check around twice that." Anyway, whether you're a $120K secretary or a $100M trader, author Michael Lewis has some some tongue-in-cheek advice for dealing with poorer relations
posted by blue mustard
on Dec 20, 2006 -
Scraping By on $150K a Year
My heart bleeds for people who earn a six figure income but are still dirt poor. In a skewed distribution
model with the median income ($43,000 in 2002) being in Salina, Kansas and moving a mile east or west for each $1000 above or below that median, the Bush's would be four states away in Columbus, Ohio and the average CEO would be in....Kabul, Afghanistan. The top 400 incomes would be three quarters of the way to the moon. From a 2003 article at Alternet
so they're probably beyond the moon now and on their way to Mars. From 1979 to 1997, the average annual income of the top 1% (after taxes) increased by 157% (or $414,000) while the poorest 20% went down by $100.
posted by fenriq
on Dec 16, 2006 -
The Harvard University Worklife Wizard
, created by an international team of journalists, economists, and statisticians, is Barbara Ehrenreich's wet dream. It's also a fantastic resource that has flown pretty much under everyone's radar. The Worklife Survey
drives the constantly-revised, constantly-refined Salary Comparison Tool
, which is always hungry for more data about employment from around the world. And when they say they want data from everyone, they mean it-- there's even a VIP Salary Checker that pits the wages of the Yankees against those of the Red Sox
. (Plus if you take the survey, you can apparently earn a chance to win a trip to South Africa). Personally, I love the Workplace Horror Stories
(and there's a competition there too). I can't look at a nail clipper the same way now.
posted by yellowcandy
on Nov 20, 2006 -
is an alternative, worldwide currency in the form of original works of art.
The Bank of International Art Money is an independent organization directed by artists and free from any form of government financing.
posted by fandango_matt
on Oct 15, 2006 -
ATMs for Jesus.
A Georgia pastor has created a business that brings churches further into the digital age- for a few grand and a $50 monthly fee, now your congregation can have the convenience of a debit kiosk inside your church. (via Pandagon)
posted by XQUZYPHYR
on Sep 28, 2006 -