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The World’s Youngest Billionaire Appears to Be a Human Tax Dodge
The youngest billionaire in the world is 24 years old. Sound too good to be true? Precisely.
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How Climate Change Broke the McDonald’s Dollar Menu
The McDonald’s “Dollar Menu” is no more—or rather, it will now be the “Dollar Menu & More,” including sandwiches, sides, and snacks that cost up to $2.
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Why Is NASA.gov Shut Down While CIA.gov Stays Open?
As some US government websites have gone dark during the shutdown, others remain up, and some are up but have notices saying they’re not being updated. It seems like there’s no rhyme or reason to these decisions. So what’s the deal?
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Here's Why JP Morgan Is Facing the Largest Bank Fine in History
On Tuesday (Sept. 24), the Wall Street Journal reported that JP Morgan was offering the government $3 billion to settle an unspecified number of criminal probes after the Department of Justice threatened to file suit in an investigation of its pre-crisis mortgage dealings.
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Nothing Will Happen at the G20, and That's a Good Thing
The G20 leaders’ summit beginning today is arguably the first ever that will feature almost no tangible economic news, which is a good sign.
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Why Foreign Companies Are Pulling Out of Egypt While Markets Remain Calm
Egypt’s stock markets may be up and its bond yields down. But multinationals are easing their way out of the violence that has killed 1,000 or more people in the past few days.
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Why the Cost of College Won't Stop Rising
With the fracas in Washington over how to stop student loan interest rates from spiking, there’s more attention than ever on the student loan “bubble.” To pinpoint apt solutions, it’s worth considering the college loan issue as a version of two already irksome public policy problems: the debt dynamics of the mortgage bubble and the third-party-payer problem of the health care system.
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Here’s Why JP Morgan Is Being Accused of Enron-Style Shenanigans
A little-known U.S. agency is trying to wring $500 million out of JP Morgan. What the FERC?!
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The Hyperloop Is the Most Difficult Project Elon Musk Has Come Up With
The details of Elon Musk‘s latest project are almost here. On August 12, the serial entrepreneur/future man is releasing more information about the Hyperloop, a “cross between a Concorde and a railgun and an air hockey table” that will transport passengers from Los Angeles to San Francisco in 30 minutes.
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How a Brash New York City Comptroller Could Streamroll Wall Street, If Elected
The news that Eliot Spitzer, the former New York state governor brought low by a prostitution scandal, will run for the office of New York City comptroller—essentially, municipal fiscal watchdog—was mostly greeted by titillation. If the city might wind up with a mayor known for tweeting lewd photos, why not a comptroller known as “client no. 9″?
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National Journal Only Way for Immigration Reform to Work? A Guest Worker Program
