economics

Stuff

The Exploited Laborers of the Liberal Media

Progressive media outlets talk a lot about economic inequality and diversity, but many of them are still relying on unpaid interns while their top editors and star journalists make six figures a year.
Charles Davis
12.2.13
News

Faisal Islam Has Spent Five Years Watching Europe Collapse

His book, <i> The Default Line: The Inside Story of People, Banks, and Entire Nations on the Edge</i>, documents the 2008 financial crisis and the aftershocks that are still being felt from Greece to the UK.
Yiannis Baboulias
9.10.13
Travel

The Trickle-Down Economics of Nicaragua’s Drug Trade

When the Bluefields and the rest of Nicaragua's Caribbean Coast was a hub for cocaine traffic, violence went up and most of the profits went to unscrupulous kingpins—but the extra money was also a boon to many poor residents.
Ray Downs
8.29.13
Stuff

Money Is Making Us Dead Inside

Money can be a sneaky thing. Without making too much of a song and dance about it, markets and market thinking have entered spheres of life where they never were before and where, when you think about it, they never really belonged. Michael Sandel is a...
Johannes Niederhauser
7.31.13
Travel

Riding the Bitcoin Bubble in Panama

I flew from San Francisco to Panama City with less than $200 in my bank account. But I didn't worry about my lack of funds, because I had a stockpile of bitcoins that could support the high life down south.
Adrian Baumann
6.29.13
tech

This Is How Bitcoin Could Die

While the bitcoin platform is theoretically sound—the decentralized blockchain makes it nearly impossible to counterfeit—vulnerabilities do exist at a few key junctures. Continuing Motherboard's bitcoin guide, here's some crucial ways the whole thing...
ALEC LIU
4.1.13
News

Will Cypriots Have to Pay to Clear Up Their Bankers' Mess?

On Saturday, Cypriots were looking at the possibility of having the government freeze their bank accounts and take a portion of their savings without even giving them the time to rush to the bank, take out all their cash, and blow it on the large...
Nigel O'Connor
3.24.13
Stuff

The Crazy, Broke Taxicabs of Dubai

It's a wonder anyone makes enough to live. Many don't.
Sean Williams
2.23.12