Posts Tagged: Money
1

"I don’t think we’ll all be paying in bitcoin for tickets to Kanye West’s 2024 presidential victory tour."

You can’t use bitcoin for much today besides gambling in online casinos and reserving seats on Virgin Galactic spaceflights, and a vast majority of it is held by speculators. Even with the imprimatur of government regulation, the promise of bitcoin seems to end with helping online retailers avoid credit-card processing fees. Bitcoin is mainly innovative in the way of credit default swaps: new ways to gamble with money.

Thomas L. Friedman is off today, so here's this.

7

The End Of Food Stamps—Oh Hey That Handbag Looks Tasty

This is a pretty good editorial in the Times about the insanity that went through the House of Representatives yesterday—the great planned evisceration of food stamps. But not, apparently, a great evisceration of farmer welfare? Hmm. Good news though: Congress is hosed. In any event, whatever mangled bill makes it through the House and the Senate then gets vetoed and then… ??? Maybe "no more government." In any event, you know what we're not going to have less of over the next decade? Underemployed and food-insecure people. The Louis Vuitton monogram tote is $4000 exactly.

2

Study: America Immobile

We didn't learn that much from the massive "Economic Impacts of Tax Expenditures" study that gets a big spread in the Times today, except: if you want them to be rich, have your children in Seattle, Salt Lake City or New York City, and don't have them in Atlanta, Miami or Memphis. But we already knew that.

12

Rich People Money Prettier Than Regular People Money

Yeah, fine, there's a new hundred dollar bill. Whoop-de-damn-doo. The $1 bill is fifty years old in its current configuration, and I see a lot more of those than I do hundreds. I'm BORED. Change up the single for me already! I mean, I get it, the government wants to phase out paper money altogether so that it can further its plan of frustrating my every move by forcing me to stand behind an even longer line of idiots who are unable to find their debit cards or swipe them properly so that the commission of a single-item purchase becomes a marathon event and you just want to kill [...]

2

Online Journalism "A Bad Business So Far," Say Slideshow Manufacturers

One useful thing that Business Insider honcho Henry Blodget has done is make somewhat public "how much websites make." The answers may surprise you, and here, in his profile of Blodget (subscription-only; you should subscribe!), Ken Auletta does a rather amazing drive-by round-up of Business Insider, Huffington Post and Gawker Media.

17

How Much Should A Writer Get Paid? A Conversation

In which editors and writers reveal many secrets!

1

You're Poor Because You Suck (And Also Because You're Sad)

"Earning more money tends to make people happier, at least up to a point. But new research suggests the reverse may also be true: happier people actually make more money."

1

See, The System Still Works

"A Montana man who pieced together the remnants of five $100 bills eaten by his one-eyed dog last year is sporting a $500 check he says he received this week from the U.S. Department of the Treasury to replace the digested funds."

8

Marian–LOL MARINA–Abramovic Just Wants $34,748 More From You

Oh my word, Marina Abramovic is totally gonna get her $600,000 on Kickstarter to like put a roof on the bare wrecked shell of a building that she bought in Hudson for almost a million dollars. That thing is a disaster! But soon it will be a beacon, a pillar, a dark crystal of longform time-based performance art. (That's like taking a train ride up the river, but with intentionality.) The performance artist who put the fun back in fundraising is up against a deadline of this weekend, but surely she'll get there. After all, this happened?

I would need a Kickstarter to raise money to pay someone [...]

50

I Was Paid $12.50 An Hour To Write This Story

I didn't know what I would get paid to write this article. I didn't ask. It doesn't matter. It won't make a tangible dent in paying the rent on my apartment in Brooklyn, or, for that matter, rent on an apartment in any other city. By the time I finish the research, the interviews, the writing, and the editing, whatever small sum—$30, $125, $200—this site pays me will pale in comparison to the effort. It's not "worth it" in a traditional monetary sense. I'm doing it for exposure (maybe hire me?), because I'm interested in the topic, and because it's immediately relevant to my so-called career as a [...]

7

How Much Less Money Is The 'New York Times' Really Making Now?

Let's just do facts, right? (Footnoted with sources; otherwise from NYT Co. self-report.)

Total Q1 revenue this year: $475.4 million.

Total Q1 revenue in 2012: $499.4 million.

Total Q1 revenue in 2011: $566.5 million.

Total Q1 revenue in 2010: $587.9 million.

Total Q1 revenue in 2009: $609.0 million.

Total Q1 revenue in 2008: $747.9 million.

Total Q1 revenue in 2007: approx $740 million.*

Total Q1 revenue in 2006: $832 million.*

Total Q1 revenue in 2005: $806 million.*

Total Q1 revenue in 2004: $773.8 million.*

Total Q1 revenue in 2003: $783.7 million.*

6

Bay Area Real Estate Agents Are Kind of Making Fun of You

"'Asking prices' are not that at all. They are 'marketing prices.' Buyers should never reflexively assign any validity to the price advertised on any particular property. Listing agents purposely under price their properties for sale and set an offer date. 'Why?' individuals may ask. They do it because it works." —Are you in the market for buying a home in the San Francisco Bay Area? Sorry to hear about that.

1

Investors Unfazed By Sequester Because They Own Private Jets, Private Armies, Etc.

"The benchmark Dow Jones Industrial Average rose to an all-time record Tuesday on news that China was pledging to plow more money into its economy, returning the markets to highs not seen since before the financial crisis. By 10 a.m. Tuesday, the Dow was up nearly 90 points, or 0.74 percent, to 14,216.70, blowing past a record that was set Oct. 11, 2007, during a time when the economy was just peaking and headed toward disaster. [...] The Dow’s record high confirmed that the ongoing political paralysis in Washington has failed to spook the markets much in the last year." —The very rich don't seem to be bothered by [...]

10

Apple Customers Rich

Google's Android phones are used by more people, yet Apple's App Store sells 400% more than Google's online store for Android apps. How is this even possible? Consumer tech experts say it's because Apple started early and has stringent quality control and also has a whole lot of iTunes account holders who typed in their credit card information before they even owned a smart phone.

Consumers are more willing to fork over their money for an iOS app, because they know they’ll probably get their money’s worth, says app developer Zak Tanjeloff with DLP Mobile. “The App Store has a higher proportion of quality apps, thanks to the [...]

0

The New American Dream

The promise of this country used to be if you worked hard and played by the rules you would be okay and your kids would be a little bit better off than you were. Now we live with the hope that maybe we'll find free money in a box of junk food. Oh well, we had a good run.

4

I May Not Harm Jeff Bezos

Do you know what kind of heat twenty-five billion dollars puts out? Large concentrations of money have always been surrounded by thick walls. Most people think the walls are there to protect the money from us. The secret is that the walls are there to protect us from the money.

I am Jeff Bezos's robot butler. I cannot harm Jeff Bezos, or through inaction allow Jeff Bezos to come to harm. Mr. Bezos is kind of a traditionalist. But I'm sitting in the money room, deep in the lowest levels of the Flying Dragon Lair, and wondering what exactly constitutes harm.

Is it good for anyone's soul to [...]

0

"Yeezus" vs. "Born Sinner": Can J. Cole Compete?

Kanye West and J. Cole have a new found similarity: June 18th. After confirming Mr. West will release his sixth studio album "Yeezus" on June 18th, Cole decided to push up the release of "Born Sinner," his sophomore album. And the young artist may be building a bit of competition for Mr. West. Yesterday Cole released the third single from his album, "N***az Know," and the lyrical demeanor of the single is flawless.

Cole is right. Mr. West is one of the greatest. The man cannot be ignored. He has 21 Grammys and five platinum albums and Cole is displaying immense confidence to even go up against that. [...]

10

The Great Nobel Prize Cash-In Begins With A Big Bang

What is the current market value of a Nobel Prize? Until yesterday, that question would have been virtually impossible to answer, which proved to be advantageous to the family of Francis Crick. Heritage Auctions, the entity that conducted the sale of Crick’s 23-carat gold medal in New York this week, declared it a "historic moment."

As such, bidding started at $250,000.

1 Niels Bohr offered his own Nobel Prize to benefit the Finland Relief in 1940. It was purchased by an anonymous bidder who donated it to the Frederiksborg Museum. Son Aage Niels Bohr, a nuclear physicist, also won the prize. The younger Bohr died in 2009, and whoever [...]
3

An Internet Tabloid In The Time Of Comets And Mass Suicide

On the night after the Heaven's Gate UFO cultists were discovered dead by mass suicide in a San Diego suburban McMansion, I was standing in a dark patch of the Presidio, watching the Hale-Bopp comet and its forked tail over the Marin Headlands. Someone passed around binoculars, somebody else passed a little pipe around, and after a half hour everyone was cold and bored and we drifted back to the battleship-gray Victorian on Haight Street that I shared with a rotating group of five or six pals.

My bedroom was just a large closet on the upper floor, with enough room for a narrow mattress and a chest [...]

2

"Winner Winner Chicken Dinner"

"Is it any wonder that virtually all Wall Street 'professionals' are habituated sociopaths who lie for a living just to skim a few pennies (metaphorically speaking: make that millions of "other people's" dollars in the real world). And is it any wonder that all banks demand their inner workings never see the light of day so they can operate in absolute secrecy, and exchanges like the above, and 22 more, are never read by the public." —Would you like to be a fixed income trader? Well, that era is ending, but it was a good grift. (via)