Lessons learned about white-collar crime from an economist turned bagel salesman whose business relied entirely on the honor system.
Wednesday, January 11
Sunday, January 8
Con man turned pastor turned con man; a profile of a serial scammer and the movie he tried to make about himself.
Friday, January 6
On switching to the gold standard and a trip to the Yukon to witness the modern gold rush.
Saturday, December 24
In the end, Zuckerberg says, quarrels over money rarely come up because money is not their priority. “We’re in a really interesting place because if you look at the assets we have, we’re fucking rich,” Zuckerberg adds. “But if you look at like the cash and the amount of money we have to live with, we’re dirt poor. All the stuff we own is tied up in random assets” like servers and the company itself. “Living like we do now, it’s, like, not that big of a deal for us. We’re not like, Aw man, I wish I had a million dollars now. Because, like, we kind of like living like college students and being dirty. It’s fun."
Friday, December 16
After decades of failed revitalization strategies, a town of 10,000 tries another.
Friday, December 9
How the Mosley Motel, off U.S. 19 in Florida, became the temporary home to at least 27 families turned away from full shelters.
Tuesday, December 6
Thursday, December 1
Monday, November 21
On Michael Lewis and the global financial crisis.Previously: The Michael Lewis World Tour of Economic Collapse
Sunday, November 13
The absurd scale of McDonald’s’ economics suggests a company more like a commodity trader than a chain of restaurants.
At this volume, and with the impermanence of the sandwich, it only makes sense for McDonald’s to treat the sandwich as a sort of arbitrage strategy: at both ends of the product pipeline, you have a good being traded at such large volume that we might as well forget that one end of the pipeline is hogs and corn and the other end is a sandwich. McDonald’s likely doesn’t think in these terms, and neither should you.