Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Just yesterday, German FinMin Schaeuble bent the truth, proclaiming that there was no sign of contagion from Grexit concerns. Today, it appears, he will be eating his words, as Italian, Spanish, and Portuguese bond spreads have exploded higher (up 15-30bps this week) amid the collapse of Greek sovereign and bank bonds. It’s not just…
Single: article; “It’s like an ever-descending spiral for you…” (Michal Dzierza / Flickr) In 1975 Susan Sontag, the American intellectual famous for On Photography and Against Interpretation, was diagnosed with Stage 4 breast cancer and survived after a radical mastectomy, extensive radiation treatments, and thirty months of debilitating chemotherapy. In the aftermath she needed someone…
Entry Text It’s 2015, and on average, women still make 78 cents to a man’s dollar. A new report goes beyond that oft-quoted statistic, and examines this discrepancy along racial, geographical and educational lines.The American Association of University Women’s (AAUW) “The Simple Truth about the Gender Pay Gap” report breaks down the wage gap in…
I recently had an argument with a friend about games that require a constant internet connection. “I don’t see what the big deal is,” he kept repeating. “Everybody has the internet.” What’s funny about this is that my friend lives with his parents while attending college part-time and working a low-paid internship; his parents pay…
“Is anyone else freaking out right now?” said Dan Price, the owner of a small Seattle-based credit card processing company, to a room full of his employees after he informed them of his new salary policy. “I’m kind of freaking out.” The New York Times ran a story on April 13 about how Price, the founder and CEO of Gravity…
« Previous | Next » David Wessel | April 9, 2015 9:50am How much does the tax code reduce inequality? There is, for good reason, a lot of focus these days on the widening gap between the top and the bottom in the U.S. economy. Since it’s (almost) Tax Day, that April 15 deadline for…
Begin: WordPress Article Content Send an instant message asking for something, and they’ll do the grunt work of placing your order and getting it delivered to you. That’s the idea for Uber co-founder Garret Camp‘s new startup Operator that’s still in stealth, according to sources with direct knowledge of the app.You might have heard of…
Paul Tudor Jones—whose net worth is $4.6 billion—is one of the most famous hedge fund managers in American history. He is a heavy donor to Republicans. And he is warning of the possibility of class-based revolution in America. Also, he has some ideas. We will say this about Paul Tudor Jones: he is not the…
A small rebellion against the American higher education system is gaining steam. On Tuesday, a group of strikers and organizers who call themselves “the Corinthian 100” met with officials from the U.S. Consumer Financial Protection Bureau, the Department of Education and the Department of Treasury to demand that their federal student loans be forgiven. The…
TIME World Greece Greece Seeks $305 Billion in WWII Reparations From Germany Louisa Gouliamaki—AFP/Getty Images Greek Finance Minister Yanis Varoufakis arrives to present his ministry’s new secretaries at a press conference in Athens on March 4, 2015. Amid a continuing negotiation over debt relief from the European Union bailout Greece released its first quantifiable demand…