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Last Drop

Nobody knows the full story of why legendary surfer Andy Irons died in a Dallas hotel room earlier this month. But some who knew him have come forward to discuss the demons he’d battled for years.

The Wronged Man

“Twenty-two years after being sent to prison for an unspeakable crime he did not commit, Calvin Willis walked out a free man, the 138th American exonerated by DNA evidence. He has won his freedom, yes, but how does a falsely accused man reclaim his life?”

Wikipedia: Tulip Mania

In February 1637, the Dutch tulip market had grown to the point that a single bulb sold for more than 10 times the annual income of a skilled craftsworker. Then, almost overnight, the market crashed completely.

Ball Don’t Lie

For a rebellious, Korean-American teen like myself who was awkwardly trying to situate himself, without much success, Jackson’s writing, with its rap and jazz references and its relentless, engaging voice, provided a vision of Black agency that felt almost illicit.

The Fugitive, His Dead Wife, and the 9/11 Conspiracy Theory That Explains Everything

A few months after working at Ground Zero, Kurt Sonnenfeld became a suspect in the mysterious and high-profile death of his wife. He got off, barely, and started a new life in South America. But when the U.S. tried to bring him back to face charges, Sonnenfeld went to the local media. The Feds didn’t want him for murder, he said. They wanted to put him away because of what he knew about 9/11.

How Peter Thiel's Secretive Data Company Pushed Into Policing

“These documents show how Palantir applies Silicon Valley’s playbook to domestic law enforcement. New users are welcomed with discounted hardware and federal grants, sharing their own data in return for access to others’. When enough jurisdictions join Palantir’s interconnected web of police departments, government agencies, and databases, the resulting data trove resembles a pay-to-access social network—a Facebook of crime that’s both invisible and largely unaccountable to the citizens whose behavior it tracks.”

Nominate Your Favorite Articles of 2015

For the first time, we’re including a Readers’ Poll with our annual best of the year list.

to vote for your favorite three articles of 2015.

The God Clause and the Reinsurance Industry

On the insurer’s insurer and calculating the risk of modern catastrophe:

Reinsurers are ultimately responsible for every new thing that God can come up with. As losses grew this decade, year by year, reinsurers have been working to figure out what they can do to make the God clause smaller, to reduce their exposure. They have billions of dollars at stake. They are very good at thinking about the world to come.

My First Flame

An early take on the dark side of cyberspace:

Like many newcomers to the "net"--which is what people call the global web that connects more than thirty thousand on-line networks--I had assumed, without really articulating the thought, that while talking to other people through my computer I was going to be sheltered by the same customs and laws that shelter me when I'm talking on the telephone or listening to the radio or watching TV. Now, for the first time, I understood the novelty and power of the technology I was dealing with.

Ginger Thompson is a Pulitzer Prize-winning senior reporter at ProPublica. Her most recent article is "How the U.S. Triggered a Massacre in Mexico."

“How many times have I written the phrase ‘a town that was controlled by drug traffickers?' I had no idea what that really meant. What does it mean to live in a town that’s controlled by drug traffickers? And how does it get that way? One of the things I was hoping that we could do by having the people who actually lived through that explain it to us was that—to bring you close to that and say, ‘No, here’s what that means.’”

Thanks to MailChimp, Casper, and Outside the Box for sponsoring this week's episode.

Manti Te’o’s Dead Girlfriend, the Most Heartbreaking and Inspirational Story of the College Football Season, Is a Hoax

The story was told by Sports Illustrated, CBS News, and countless others: linbeacker Manti Te’o, Heisman trophy candidate and the face of Notre Dame football, was playing brilliantly despite the tragic loss of his girlfriend to leukemia early in the season. The reporters missed one key element of Te’o’s story, however: the girl hadn’t died. She couldn’t have. She didn’t exist.

How Rating Firms' Calls Fueled Subprime Mess

By 2006, S&P was making its own study of such loans' performance. It singled out 639,981 loans made in 2002 to see if its benign assumptions had held up. They hadn't. Loans with piggybacks were 43% more likely to default than other loans, S&P found. In April 2006, S&P said it would raise by July the amount of collateral underwriters must include in many new mortgage portfolios. For instance, S&P could require that mortgage pools have extra loans in them, since it now expected a larger number to go bad. Still, S&P didn't lower its ratings on existing securities, saying it had to further monitor the performance of loans backing them. It thus helped the market for these loans hold up through the end of 2006.

The Match Maker

On September 20, 1973, 50 million Americans watched Bobby Riggs lose to Billie Jean King in a tennis match dubbed “The Battle of the Sexes.” This spring, a man named Hal Shaw came forward with a secret he’d held for 40 years: Riggs, in debt to the mafia, had lost on purpose.

Obituary: Fidel Castro

Fidel Castro, the fiery apostle of revolution who brought the Cold War to the Western Hemisphere in 1959 and then defied the United States for nearly half a century as Cuba’s maximum leader, bedeviling 11 American presidents and briefly pushing the world to the brink of nuclear war, died on Friday. He was 90.