Welcome to ᴄᴏɴᴛᴇɴᴛ ᴡᴀʀs, an occasional column intended to keep a majority of ᴄᴏɴᴛᴇɴᴛ coverage in one easily avoidable place.
Here is something that is not quite missing but also not all the way present in stories about Fusion's all-star hiring spree: The money. It is not yet clear, from the outside, what Fusion is planning on doing with all its new hires, but they're getting very good people: Anna Holmes, Dodai Stewart, Felix Salmon, Jane Spencer. Yesterday The Atlantic's Alexis Madrigal announced that he too would be joining. Madrigal in 2013: I am an Atlantic person. I love this place. I feel it in my bones. If I [...]
"Rising inequality is not a law of nature – it's not even a law of economics. It is a consequence of political and economic arrangements, and those arrangements can be changed," writes John Lanchester. I'm a cynical fuck who thinks hope for a better world is futile since we're all doomed to toil as servants for the thin and calcifying slice of the upper class that runs everything and there's no way we're ever going to get it together enough to change things, particularly with all the distractions and sedatives this modern world has to hey is that a new iPhone? But Lanchester, [...]
The Times has published its third or so major piece on the part-time and gig economy in nearly as many weeks—this one focussed on those employed by apps, commonly known as members of the "sharing economy." Predictably, the founder of a car-sharing marketplace that will be crushed by Uber, called RelayRides, describes it as "transformational.” And yet:
“On average, you’re going to make $7 per favor,” [Kelsey Cruse] Cruse explained, using the company’s euphemism for a delivery. “If you are running two favors in an hour, that’s $14 an hour. It’s pretty awesome.” She hadn’t yet racked up enough “favors” to earn that much consistently. So far [...]
Equilibrium in nature: The proposed Comcast-Time Warner Cable merger, announced in February, has set off a wave of activity in the media industry, with AT&T Inc. announcing a $48.5 billion deal for DirecTV that would rival Comcast’s heft in the cable and satellite business. One rationale for the deals is that they would give the cable and satellite groups more leverage in negotiations with entertainment companies and help contain rising programming costs.
In turn, the $80 billion offer that 21st Century Fox made for Time Warner, which was disclosed last week, would restore some leverage to the entertainment groups.
Why worry about the endless series of mergers, consolidations, [...]
The New York Times, 1986: The recently spruced up Union Square area has become fertile ground for a new crop of restaurants. Union Square Cafe, an inviting, low-key newcomer on the site of the former Brownies, a health food restaurant, is one of the most appealing of the lot.
In 1995: "We're still in the same area, which is important," Ms. Hirsch said. "We think that people who come to Barnes & Noble will appreciate having our store nearby because what we have at our store, you can't get anywhere else."
In the last few years, Revolution Books seemed something of a lonely hanger-on on East [...]
"You know what’s been the biggest job creator over the last few decades? Financial bubbles. The labor demand created by the dot-com bubble in the 1990s and the housing bubble of the 2000s created millions of jobs and sent the unemployment rate below 5 percent in both cases."
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It is once again time for the NCAA "March Madness" basketball tournament. The eventual champions will get to bask in the national spotlight. And sure, winning a basketball title is worth bragging about—but we all know the real champion is the institution of higher education that can charge the most tuition and still have enough students to keep its rejection letter printer warm. It's The Awl's annual NCAA bracket by tuition, using the college information resource Peterson's. (Where available, in-state tuition was used.) Since we first began March Madne$$ in 2009, the winning tuition has risen from $38,622 to [...]