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The $12.5 Million Bugatti La Voiture Noire Won't Actually Be Done for at Least Another Two Years
This month, the $12.5-million Bugatti La Voiture Noire debuted at the Geneva Motor Show, mysteriously letting us gaze upon its exterior glory and nothing else. But there was a reason, other than the fact that we’re not rich enough to handle it: The car won’t actually be done for at least another two years.
The La Voiture Noire, which means “the black car” in French, showed up at Geneva as a one-off car with a carbon-fiber body, Bugatti’s signature 1,500-horsepower, quad-turbo, 8.0-liter W16 engine and a price of about $19 million after taxes. But video of the car making a slow and eerily quiet drive outside of the show wound up on YouTube not long after the debut, and Carscoops asked Bugatti for more info about what exactly was on display at Geneva.
A spokesperson for the company said the car on display wasn’t the full vehicle, and that the final version that’ll be delivered to the customer is a couple of years away. From the story...
cars  bugatti  money 
2 days ago by rgl7194
Rams backup QB Blake Bortles reportedly signing 1-year, $1m deal - Turf Show Times
Money is funny.
The Los Angeles Rams signed former Jacksonville Jaguars QB Blake Bortles on Monday to back up QB Jared Goff for the 2019 season.
But today, from ESPN’s Field Yates, we learn that the cost of doing so will be very, very, very low:
That is, to use the parlance, an absolute steal.
The saga was a bit strange though. Jacksonville signed Bortles to a three-year deal just a year ago. By releasing him after one season in that deal, they had to eat $16.5m of dead money, but it would at least take him off their books for 2020. It was probably the wise move for the Jags, but only because they had put themselves in that position.
So with the $6.5m levy incurred this year, Bortles wasn’t in a position to need to really look for full market value. Instead, he could take a team-friendly deal and try to boost his profile in hopes for a career rebound in 2020.
Here’s hoping it works out for all involved this year.
football  rams  bortles  money 
3 days ago by rgl7194
Blake Bortles’ contract details show Rams got an absolute bargain
With Sean Mannion being a free agent and Brandon Allen not looking like a capable backup, the Los Angeles Rams needed someone to slot in behind Jared Goff on the depth chart. They found that player in Blake Bortles, who they signed to a one-year deal on Monday night.
The exact terms of the contract weren’t made immediately available, making many wonder exactly how much the Rams paid Bortles to bring him to L.A. It turns out, the former Jaguars quarterback is getting very little from the Rams.
According to Field Yates of ESPN, the deal is worth only $1 million for one season, which is an absolute bargain – even for a backup quarterback.
As Yates notes, the Rams were able to bring in Bortles for cheap because the Jaguars were already on the hook for $6.5 million in 2019. It came with offset language, though, so the Rams’ $1 million will be deducted from the $6.5 million Jacksonville owes.
That allowed Bortles to truly pick the best situation and still make the same amount of money ($6.5 million) regardless, unless a team was willing to pay him more than $6.5 million. That was never going to happen, though.
football  rams  bortles  money 
3 days ago by rgl7194
Washington must change the system that encourages high drug prices | TheHill
“Take away our rebates? We’ll just up premiums.” This is the threat from pharmacy benefit managers (PBMs) and insurers if rebates are passed back to seniors in Medicare.
PBMs determine the formularies for Medicare beneficiaries, thus controlling what drugs they can get, where they can get them and how much they will pay for them. Ideally, placement on the preferred formulary should be based on efficacy, safety and lowest list price. However, preferred status is determined by highest price concessions from manufacturers in the form of rebates and administration fees.
For years, PBMs have disguised the billions of dollars in rebates and fees they pocket from manufacturers by describing them as “savings” to the health care system. These rebates are kickbacks to the PBM from the manufacturer for preferred placement on the formulary.
politics  gov2.0  pharmacy  money  big_pharma 
3 days ago by rgl7194
Mike Trout Is A $430 Million Bargain | FiveThirtyEight
Now it’s up to the Angels to finally build a winner around him.
As reported by ESPN’s Jeff Passan on Tuesday, the Los Angeles Angels are closing in on a 12-year contract extension worth at least $430 million with outfielder Mike Trout, setting the all-time mark for both the largest contract (passing Bryce Harper’s $330 million deal from a few weeks ago) and the greatest average annual contract value in baseball history. Trout is a longtime object of fascination for us here at FiveThirtyEight; we’ve frequently extolled his virtues as baseball’s best and most consistent star. Now he has the record-breaking contract to match his talent — but one that might still represent a big bargain for the Angels. And the deal’s long-term nature only renews questions about Trout’s ability to win in L.A., as well as his potential to break through as a star off the field.
At first glance, about $36 million per year seems like a tremendous deal for the Angels. According to FanGraphs’ estimated market values based on wins above replacement (WAR), a player with Trout’s 2018 production should have been worth about $79 million last season. That’s nothing new for Trout: FanGraphs estimates that he was worth $55 million (in 70 percent of a full season) in 2017, $78 million in 2016 and $74 million in 2016. So if Trout continues his recent pace, the Angels will basically be paying him half of what he’d be worth on the open market over the next few seasons.
Of course, Trout is also 27 this year, traditionally the age at which baseball players peak. Trout’s new deal will take him through 2030, his age-38 season. Even though no player in baseball history has posted more career WAR through their age-26 season than Trout,1 it’s probably safe to assume that Trout won’t continue to be a 10-WAR-per-season machine throughout the entire life of this contract.
The old saying that “Father Time is undefeated” remains true — perhaps truer now than ever. And even star-level players peak more quickly than you might expect. While Willie Mays and Hank Aaron were superstars late into their careers, other outfielders similar to Trout — such as Ken Griffey Jr. and Andruw Jones — fell off a performance cliff after age 30 and never recovered.
baseball  money  business  538  statistics 
4 days ago by rgl7194
The Average Bugatti Customer Has 42 Cars at Home
Buried in a Bloomberg story quoting a bunch of steam about how Bugatti may possibly one day consider making a “more affordable” (in the context of the ultra wealthy), potentially electric daily-driver model, there was this line: “The average Bugatti customer has 42 cars at home.” I find this fascinating and see the need to call attention to it.
The average car count of Bugatti customers in the story was attributed to a spokesperson for the company, who also said two of them are usually other Bugattis.
More than half of the 250 models of the $3-million, 1,500-horsepower Bugatti Chiron were bought sight unseen, the story said, which is a completely normal and rational thing to do.
cars  bugatti  money 
7 days ago by rgl7194
The Real College Admissions Bribery Scandal Is What’s Legal
But my competitive application was underwritten by my professional-class parents’ wealth. My SAT scores were the product of hours of tutoring, and my writing skills were honed in pricey summer classes, which most American families cannot afford. And before all that, my parents’ economic security enabled them to buy a home in a suburb with a coveted school system that featured better-qualified teachers and smaller class sizes than most working-class kids are provided. I did not earn these advantages. My parents purchased them for me.
And in this respect, I am not atypical. In America, a student’s household income strongly correlates with her educational attainment. Meanwhile, social mobility is much lower in the United States than in Europe — and has been steadily declining in recent decades. A 2014 study by economists at Harvard and Berkeley found fewer than 10 percent of those born into the bottom fifth of wealth distribution make it into the top fifth. The middle class fared only slightly better — roughly 20 percent of those born into the middle fifth reached the top fifth by the end of their lives. America’s class hierarchy is rigid. And it’s kept that way, in no small part, by an education system that allows the “haves” to buy their children seats in the best-funded public schools, test-gaming lessons with the finest tutors, and all manner of privately provided extracurricular enrichment.
actress  college  crime  FBI  fraud  money  parenting  scam  class  admissions 
8 days ago by rgl7194
Marketing guru Jane Buckingham caught up in college admissions scandal - Los Angeles Times
For years, Hollywood turned to marketing guru Jane Buckingham to find out what kids really want, drawing on her extensive expertise on the youth zeitgeist. She once charged $2,500 a head to attend her Trend School, a seminar focusing on the consumption habits of Generations X and Y.
But Buckingham, 50, now faces federal charges that she was involved in the widespread college admissions scheme that has ensnared Hollywood celebrities and shined a light on how wealthy parents allegedly paid bribes to give their children an advantage in the competitive process.
Buckingham, who once authored a book titled “The Modern Girl’s Guide to Sticky Situations,” wanted desperately for her son to attend USC. So the Los Angeles marketing maven — once called the Martha Stewart of the younger generation — turned to William Singer, a college admissions advisor, to help her son score high on the ACT standardized test, prosecutors alleged.
Together, they allegedly arranged for Buckingham to make a $50,000 donation to a charitable organization in exchange for someone to take the test in place of her son, according to charges filed by Department of Justice officials on Tuesday.
The substitute test taker scored a 35 for the son — in the 99th percentile.
college  crime  FBI  fraud  money  parenting  scam  marketing  celebrity  latimes  admissions 
8 days ago by rgl7194
The College-Bribe Scandal Is About Class Inequality - The Atlantic
Family life itself has become part of the battleground of the classes.
You are shocked—shocked—I know. According to the FBI, a network of 33 wealthy parents engaged in a massive fraud to buy places for their children at elite colleges. Didn’t they realize that there are many perfectly legal ways to do that?
You can hire a legitimate college counselor for $10,000 and up. You can get test prep for anything from $120 to $375 an hour. You can buy personal coaches, fencing equipment, and squash-club memberships, often for less than the price of a Sub-Zero refrigerator. You can arrange for unpaid internships that will allow Junior to shine as a true humanitarian. You can game your way into a great private school—it’s so much easier to play the angles in kindergarten or sixth grade than in college admissions. If all else fails, you can just make a big donation to the school of your choice.
Have the rich gotten dumber? Or are they getting cheaper? Actually, the affidavit suggests that there are two deeply connected structural problems. The first is that the price of admission has gone up. The second is that the moral center of the meritocracy has collapsed.
actress  college  crime  FBI  fraud  money  parenting  scam  class  admissions 
8 days ago by rgl7194
How the largest college admissions scandal ever let wealthy parents cheat the system - Los Angeles Times
When it came to getting their daughters into college, actress Lori Loughlin and fashion designer J. Mossimo Giannulli were taking no chances.
The wealthy, glamorous couple were determined their girls would attend USC, a highly competitive school that offers seats only to a fraction of the thousands of students who apply each year.
So they turned to William Singer and the “side door” the Newport Beach businessman said he had built into USC and other highly sought after universities. Half a million dollars later — $400,000 of it sent to Singer and $100,000 to an administrator in USC’s vaunted athletic program — the girls were enrolled at the school. Despite having never competed in crew, both had been given coveted slots reserved for rowers who were expected to join the school’s team.
“This is wonderful news!” Loughlin emailed Singer after receiving word that a spot for her second daughter had been secured. She added a high-five emoji.
According to a sweeping criminal investigation into fraudulent college admissions unveiled Tuesday, Loughlin and Giannulli are one of at least dozens of families who paid huge sums to take advantage of Singer’s audacious scheme to gain access to exclusive schools through bribes and lies.
Federal investigators said they have charged 50 people in the case, including the USC administrator who helped Loughlin’s kids, and accomplices whom Singer allegedly paid to rig college admission test scores — as well as coaches at USC, UCLA, Stanford and Yale.
actress  college  crime  FBI  fraud  money  parenting  scam  latimes  admissions 
8 days ago by rgl7194
Will children at center of college admissions scandal pay a price along with their parents? - Los Angeles Times
Their parents face criminal charges, with federal prosecutors alleging massive fraud to get them into some of America’s most elite schools.
But it’s still unclear what is going to happen to the children who were the beneficiaries of what prosecutors called the largest college admissions scam ever uncovered.
Federal prosecutors allege cheating on standardized tests, bribery and faking athletic achievements to get into college — the types of misdeeds that would lead to serious discipline. But in many cases, they said, the students did not know about the arrangements their parents made.
Administrators at UCLA and USC said this week they are reviewing student admission decisions after discovering that dozens of families paid huge sums to gain access to at least eight exclusive schools, including theirs, through bribes and lies. Among the parents charged were Hollywood actresses Felicity Huffman, of “Desperate Housewives,” and Lori Loughlin, of “Full House.”
A USC spokesman said Wednesday that students who applied for admission in the current cycle — which is underway for fall admits — and are tied to the scheme will be denied admission. That includes about half a dozen applicants.
The school will also conduct a case-by-case review for current students and graduates who may have taken part in the scheme.
“We will make informed, appropriate decisions once those reviews have been completed,” USC spokesman Eddie North-Hager said in a statement.
actress  college  crime  FBI  fraud  money  parenting  scam  latimes  admissions 
8 days ago by rgl7194
Who’s Been Charged in the College Admissions Cheating Scandal? Here’s the Full List - The New York Times
The actresses Felicity Huffman and Lori Loughlin and the fashion designer Mossimo Giannulli are among the 50 people charged in a bribery scheme to secure places for students in elite colleges.
In what the Justice Department called its largest ever college admissions prosecution, federal authorities charged 50 people on Tuesday with taking part in a nationwide scheme to game the admissions process at highly competitive schools like Yale and the University of Southern California.
[The college admissions scandal has raised a lot of questions. We’ve answered them here.]
Those charged include wealthy and powerful parents accused of paying millions of dollars in bribes, exam administrators and athletic coaches accused of manufacturing students’ achievements, and private admissions counselors accused of coordinating it all.
actress  college  crime  FBI  fraud  money  parenting  scam  nytimes  admissions 
8 days ago by rgl7194
Here's How A Life Coach Scammed The College Admissions System For Wealthy Families
Rick Singer pleaded guilty on Tuesday to racketeering, money laundering, conspiracy to commit fraud, and obstruction of justice.
A high school student might get into a top university based on their test scores and abilities. Or maybe their parents' hefty donation could cause an admissions officer to take a second look.
But for families looking for a sure thing, 58-year-old Rick Singer offered a criminal solution. Over seven years, the entrepreneurial life coach took an estimated $25 million from anxious parents, recording much of it as tax-deductible donations to his charity while actually funneling it toward bribes, authorities say.
The kids got in. Parents sang his praises. And on Tuesday, federal prosecutors revealed what had become a nationwide conspiracy. Fifty people, including TV stars like Full House actor Lori Loughlin and Felicity Huffman of Desperate Housewives, as well as university coaches, were accused of crimes related to the scheme. Singer pleaded guilty to racketeering, money laundering, conspiracy to commit fraud, and obstruction of justice. Court documents revealed that he cooperated with the investigation once confronted by the FBI in hopes of getting a lighter sentence.
actress  college  crime  FBI  fraud  money  parenting  scam  admissions 
8 days ago by rgl7194
Judge orders Qualcomm to cough up the $1 billion it owes Apple | iMore
Apple sued Qualcomm. Qualcomm huffed and puffed. The judge blew their objections down and ordered them to pay up.
From Reuters:
Judge Gonzalo Curiel of the U.S. District Court for the Southern District of California on Thursday ruled that Qualcomm, the world's biggest supplier of mobile phone chips, was obligated to pay nearly $1 billion in rebate payments to Apple, which for years used Qualcomm's modem chips to connect iPhones to wireless data networks.
Why?
In a lawsuit filed two years ago, Apple sued Qualcomm, alleging that the chip supplier had broken the cooperation agreement by not paying nearly $1 billion in patent royalty rebates.
Qualcomm in turn alleged that it stopped paying the rebate payments because Apple had broken the agreement by urging other smartphone makers to complain to regulators and making "false and misleading" statements to the Korean Fair Trade Commission, which was investigating Qualcomm over antitrust allegations. Apple responded that it was making lawful responses to regulators in an ongoing investigation.
apple  chip  legal  money 
8 days ago by rgl7194
The Bugatti La Voiture Noire is a £12m one-off hypercar | Top Gear
Welcome to the most expensive new car ever built
Imagine being paid to rifle through the Bugatti back catalogue before choosing a car to completely re-imagine in a manner appropriate for the 2020s. But while Ettore and his son Jean Bugatti were responsible for a truly outrageous group of cars, there is one that nudges above the others, for a whole bunch of reasons – the 1936 Type 57 Atlantic.
“When the team and myself started to design this car,” says Bugatti designer Etienne Salomé, “we really wondered, ‘what if Jean would still be there, how would he translate the timeless elegance of his own private Atlantic onto a modern-day Bugatti?’”
‘La Voiture Noire’ is the result, an extraordinary looking machine that uses the Chiron as its basis, with the familiar – if that’s the word – near-1500bhp, 8.0-litre, quad-turbocharged, 16-cylinder underneath that majestically reworked rear end. There’s one other thing: although the exact figure hasn’t been confirmed, this one-off has apparently set its new owner back £12m, making it the most expensive new car ever. Sheesh.
cars  bugatti  money 
10 days ago by rgl7194
‘Captain Marvel’ Has the Year’s Best Opening Weekend at the Box Office - The New York Times
If movie studios needed another reminder that audiences are craving for new kinds of superpowered heroes, they got it this weekend.
Disney’s “Captain Marvel” rode a wave of enthusiasm for more diverse superheroes, a hunger for blockbusters at a quiet time of year and a large helping of ’90s nostalgia to sell $153 million in tickets in U.S. theaters over the weekend.
It was easily the best stateside debut weekend of any movie this year as it breezily outperformed expectations and brought the domestic box office a much-needed boost.
The Brie Larson-led movie’s opening weekend was the seventh best of any in the 21-film Marvel Cinematic Universe franchise, behind the $174.1 million brought in by “Iron Man 3” and just ahead of “Guardians of the Galaxy Vol. 2,” which made $146.5 million during its first weekend. (Topping that list: “Avengers: Infinity War,” which took in $257.7 million when it debuted.)
movies  money  superheroes  avengers  marvel  nytimes 
10 days ago by rgl7194
Felicity Huffman, Lori Loughlin Charged In College Entrance Exam Cheating Plot
The scheme involved facilitating cheating on college entrance exams and bribing administrators to designate students as athletic recruits.
A massive nationwide college entrance exam cheating plot was exposed Tuesday, resulting in charges for dozens of people, including Full House actor Lori Loughlin and Felicity Huffman of Desperate Housewives.
Among those charged are three accused of organizing the scheme, two ACT/SAT administrators, an exam proctor, one college administrator, nine coaches from elite schools, and 33 parents, US Attorney for Massachusetts Andrew Lelling said Tuesday.
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
10 days ago by rgl7194
College Admissions Scandal: FBI Targets Wealthy Parents - The Atlantic
For the parents charged in a new FBI investigation, crime was a cheaper and simpler way to get their kids into elite schools than the typical advantages wealthy applicants receive.
A coast-to-coast FBI probe alleges that a network of celebrities, business executives, and other powerful figures is at the center of a massive bribery scheme to secure admission into some of the country’s most elite colleges, according to court documents unsealed earlier today.
Among the defendants are nearly three dozen parents whom federal prosecutors are charging with conspiracy and other crimes for allegedly using hefty sums of money to get their children into schools such as Yale, Georgetown, and the University of Southern California. Specifically, the newly unsealed court documents contend that these high-rolling parents—some of them public figures such as the actresses Felicity Huffman and Lori Loughlin, as well as Loughlin’s husband, the fashion designer Mossimo Giannulli—paid hundreds of thousands, and sometimes millions, of dollars per child to a fixer who would then use that money to allegedly bribe certain college officials or other conspirators to help secure the child’s admission.
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
10 days ago by rgl7194
Lori Loughlin and Felicity Huffman among wealthy parents accused by FBI in college-entrance bribery scheme - The Washington Post
The Justice Department on Tuesday charged 50 people — including two television stars — with participating in a multimillion-dollar bribery scheme that enabled privileged students with lackluster grades to attend prestigious colleges and universities.
The alleged crimes included cheating on entrance exams and bribing college officials to say certain students were athletic recruits when those students were not in fact athletes, officials said. Numerous schools were targeted, including Georgetown University, Yale University, Stanford University, the University of Texas, the University of Southern California and UCLA, among others.
Boston’s U.S. attorney, Andrew Lelling, called it the largest-ever college admissions scam prosecuted by the Justice Department. Of the 50 people charged in the FBI’s Operation Varsity Blues, 33 were parents, officials said, warning that the investigation is ongoing and that others could be charged.
The scheme was discovered accidentally by the FBI while working an unrelated undercover operation about a year ago, officials said. That tip led to a sprawling, nationwide corruption probe.
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
11 days ago by rgl7194
College Admissions Scandal: Actresses, Business Leaders and Other Wealthy Parents Charged - The New York Times
A teenage girl who did not play soccer magically became a star soccer recruit at Yale. Cost to her parents: $1.2 million.
A high school boy eager to enroll at the University of Southern California was falsely deemed to have a learning disability so he could take his standardized test with a complicit proctor who would make sure he got the right score. Cost to his parents: at least $50,000.
A student with no experience rowing won a spot on the U.S.C. crew team after a photograph of another person in a boat was submitted as evidence of her prowess. Her parents wired $200,000 into a special account.
In a major college admissions scandal that laid bare the elaborate lengths some wealthy parents will go to get their children into competitive American universities, federal prosecutors charged 50 people on Tuesday in a brazen scheme to buy spots in the freshmen classes at Yale, Stanford and other big name schools.
college  crime  scam  fraud  actress  parenting  money  FBI  nytimes  admissions 
11 days ago by rgl7194
Felicity Huffman arrives at court for admissions bribery case
Following a morning arrest, Felicity Huffman appeared in federal court on Tuesday afternoon in Los Angeles after federal prosecutors named the star in an elaborate college admittance conspiracy.
Her husband William H. Macy arrived at the courthouse to join her.
Actress Lori Loughlin and nine college athletics coaches were also among the 50 people charged Tuesday in what federal officials say is the nation's largest-ever college admissions bribery case prosecuted by the Justice Department. 
Loughlin is expected to appear in court on Wednesday. After that, legal proceedings will move to Boston, Thom Mrozek, spokesman for the United States Attorney’s Office tells USA TODAY. Huffman was one of about a dozen people taken into custody Tuesday.
Federal prosecutors charged 33 affluent parents, including CEOs, prominent financiers and television stars, with taking part in an elaborate conspiracy that involved cheating on the SAT and ACT and parents paying coaches "enormous sums" to get their children into elite universities and colleges by fabricating their athletic credentials.
Huffman, best known for her role on TV's "Desperate Housewives," is accused of paying $15,000 to a made-up charitable organization that then helped her daughter cheat on the SATs. Huffman also discussed the scheme in a recorded phone call with a cooperating witness, according to the indictment. 
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
11 days ago by rgl7194
Felicity Huffman among dozens charged over admissions fraud at top US schools | US news | The Guardian
Scheme helped wealthy Americans buy their children’s way into elite universities including Yale, Georgetown and Stanford
US federal prosecutors have charged dozens of parents in a years-old $25m scheme to help wealthy Americans buy their children’s way into elite universities including Yale, Georgetown, Stanford, and the University of Southern California.
Federal prosecutors in Boston charged William “Rick” Singer, 58, with running the racketeering scheme through his Edge College & Career Network, which served a roster of clients including chief executives and Hollywood actors.
Two hundred FBI agents were involved in exposing the scandal, which was dubbed “Operation Varsity Blues”.
Thirty-three parents, including actors Felicity Huffman and Lori Loughlin, were charged, as well as 13 college sports coaches and associates of Singer’s business. Huffman and her husband, the Oscar-nominated actor William H Macy, are accused of making a $15,000 payment disguised as a charitable donation as part of the scheme. Macy is not named in the filings and has not been indicted.
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
11 days ago by rgl7194
Felicity Huffman and Lori Loughlin Arrested in College Cheating Scam | News | Consequence of Sound
The alleged scheme involved parents bribing college coaches and administrators
Actresses Felicity Huffman and Lori Loughlin were among 50 people arrested and charged in connection with the largest college admission scam in American history.
According to NBC News, the alleged scheme involved parents bribing coaches and administrators in order to secure their children’s entrance into elite universities. Prosecutors allege that fake athletic profiles were created to give the false impression that applicants were student athletes (in many cases, the applicants had no athletic merit). Loughlin’s two daughters were allegedly designated as recruits for USC’s crew team — even though neither girl had ever participated in crew.
In other instances, parents bribed administrators of college entrance exams. In the case of Huffman’s daughter, she was given twice the amount of time usually given to students taking the SAT, and a proctor later corrected her wrong answers. The indictment says Huffman’s daughter received a score of 1420 on her SAT … an improvement of approximately 400 points over her PSAT.
Both actresses were charged with conspiracy to commit mail fraud and honest services fraud. Loughlin’s husband, Mossimo Giannulli, was also indicted. Huffman’s husband, actor William H. Macy, was not.
Huffman is perhaps best known for her role as Lynette Scavo on the ABC dramedy Desperate Housewives, for which she won an Emmy Award for Best Actress. She also appeared in the 2005 independent film Transamerica, which earned her an Academy Award nomination for Best Actress. More recently, she starred in the anthology crime drama American Crime.
Loughlin portrayed Rebecca Donaldson in the iconic ABC sitcom Full House, and later reprised the character for Netflix’s sequel series, Fuller House.
college  crime  scam  fraud  actress  parenting  money  FBI  admissions 
11 days ago by rgl7194
Lefsetz Letter » Blog Archive » The Coarsening Of America
Today you go to college to get a job.
In case this isn’t your beat, Hampshire College is on the verge of collapse. An outgrowth of the sixties, Hampshire was about creating your own major and exploring. The results include Ken Burns, an alumnus who has gone on to create series about baseball, jazz, the Civil War and more.
But today’s parents just want their kids to get a gig. That’s the job of college, but it shouldn’t be. Didn’t Steve Jobs testify as to the power of the liberal arts? He learned calligraphy at Reed, even if he did drop out, supposedly because he didn’t want to spend his parents’ money. But now the price of higher education has outstripped inflation and you can’t get a job at all without a degree and parents want value for their dollars and is that what education should be all about?
No.
lefsetz  jobs  education  money 
11 days ago by rgl7194
Extreme street fashion/Mailist/Nespresso Aeroccino | Cool Tools
Rediscover things you saved
I uploaded a copy of my Chrome bookmarks to Mailist, and now once a week I get an email newsletter with 10 random links to pages and sites I have saved. It has reunited me with travel ideas, things I want to buy, and useful online tools like this fabric calculator chart. I also use it as a way to clean house and delete bookmarks I no longer have use for. — CD
Travel tip for Starbucks people
Here’s a tip I haven’t tried yet, but it sounds like a great idea. When you’re leaving a foreign country and still have some of the local currency, take it to a Starbucks and load it onto a gift card. You can use the card later in the UK, USA, Canada, Australia, Mexico, and the Republic of Ireland. — MF
cool_tools  bookmarks  coffee  travel  money 
13 days ago by rgl7194
Bill Gates Believes There's A 'Misfocus' On Raising Taxes On The Wealthy | Bankrate.com
Bill Gates, one of the richest men in the world with an estimated net worth of $97 billion, has said in the past that since he falls into the very top of America’s tax bracket, he should pay “significantly higher” taxes.
This week, the Microsoft founder went a step further weighing in on the “misfocus” of raising taxes on the wealthy, claiming many lawmakers are missing the big picture.
“In terms of revenue collection, you wouldn’t want to just focus on the ordinary income rate, because people who are wealthy have a rounding error of ordinary income,” said Gates in an interview with Vergecast.
“They have income that just is the value of their stock, which if they don’t sell it, it doesn’t show up as income at all, or if it shows up, it shows over in the capital gains side,” he said. So the ability of hedge fund people, various people — they aren’t paying that ordinary income rate.”
taxes  bill_gates  money 
13 days ago by rgl7194
Bill Gates Believes There's A 'Misfocus' On Raising Taxes On The Wealthy | Bankrate.com
Bill Gates, one of the richest men in the world with an estimated net worth of $97 billion, has said in the past that since he falls into the very top of America’s tax bracket, he should pay “significantly higher” taxes.
This week, the Microsoft founder went a step further weighing in on the “misfocus” of raising taxes on the wealthy, claiming many lawmakers are missing the big picture.
“In terms of revenue collection, you wouldn’t want to just focus on the ordinary income rate, because people who are wealthy have a rounding error of ordinary income,” said Gates in an interview with Vergecast.
“They have income that just is the value of their stock, which if they don’t sell it, it doesn’t show up as income at all, or if it shows up, it shows over in the capital gains side,” he said. So the ability of hedge fund people, various people — they aren’t paying that ordinary income rate.”
taxes  bill_gates  money 
13 days ago by rgl7194
$12.5 Million Bugatti La Voiture Noire One-Off Unveiled
The one-off has been inspired by Jean Bugatti's legendary 57SC Atlantic.
A one-off Bugatti based on the Divo has been revealed at the Geneva auto show.
Ordered by a customer, Bugatti says it is the most expensive new car in the world with a price of $12.5 million.
It was inspired by Jean Bugatti's "lost" Type 57SC Atlantic.
There's no such thing as a "cheap" new Bugatti. A standard Chiron—if you can even call one standard—starts at just under $3 million. Then there's the Chiron Sport variant, which tacks a few hundred grand onto that number, and options like the Sky View roof and colored carbon-fiber body panels raise the price even further. Finally, there's the Divo, which is a limited-run model based on the Chiron that's focused on track performance and costs just shy of $6 million. But today at the Geneva auto show, Bugatti has revealed a one-off car that truly does make the rest of its lineup look cheap and basic. It's called La Voiture Noire, and Bugatti says it's the most expensive new car of all time, costing its owner $12.5 million before taxes (or $18.9 million including them).
Before we can start talking about the new car and the justification for its price, though, we have to give a little history lesson. Starting in the 1930s, Bugatti introduced the Type 57, which was produced in many different forms. There was a racing version, a four-door sedan (the Galibier), a convertible (the Stelvio), a two-door sedan (the Ventoux), and a two-door coupe (the Atlanté), with many of the chassis being sent to coachbuilders for uniquely styled bodies. Finally, there were the 57SC Atlantics, spectacular coupes spawned from a concept called the Aérolithe; just four Atlantics were built, with each getting its own specific design. Technologically advanced in terms of design and production and able to reach top speeds of 125 mph, the Atlantics were instant icons. Of the four, the most legendary is the second car, which was Jean Bugatti's personal example. Called La Voiture Noire (literally "the black car"), the Atlantic was used in Bugatti's promotional materials and was only driven by Jean and a select few racing driver friends. After 1938, though, the car seemingly disappeared without a trace. The most widely accepted theory—endorsed by Bugatti—is that it was moved to a safer part of France when the Germans invaded Alsace, although some say the car was given to one of those racing drivers in 1939 and shipped to Bordeaux in 1941 with a different chassis number affixed. Either way, the Atlantic has never been seen since. If Jean's Atlantic still exists and has been hidden away in a French barn for the past 80 years, it would be worth in excess of €100 million if found today.
cars  bugatti  money 
17 days ago by rgl7194
How badly are we being ripped off on eyewear? Former industry execs tell all - Los Angeles Times
Charles Dahan knows from first-hand experience how badly people get ripped off when buying eyeglasses.
He was once one of the leading suppliers of frames to LensCrafters, before the company was purchased by optical behemoth Luxottica. He also built machines that improved the lens-manufacturing process.
In other words, Dahan, 70, knows the eyewear business from start to finish. And he doesn’t like what’s happened.
“There is no competition in the industry, not any more,” he told me. “Luxottica bought everyone. They set whatever prices they please.”
Dahan, who lives in Potomac, Md., was responding to a column I recently wrote about why consumer prices for frames and lenses are so astronomically high, with markups often approaching 1,000%.
I noted that if you wear designer glasses, there’s a very good chance you’re wearing Luxottica frames.
The company’s owned and licensed brands include Armani, Brooks Brothers, Burberry, Chanel, Coach, DKNY, Dolce & Gabbana, Michael Kors, Oakley, Oliver Peoples, Persol, Polo Ralph Lauren, Ray-Ban, Tiffany, Valentino, Vogue and Versace.
Along with LensCrafters, Luxottica also runs Pearle Vision, Sears Optical, Sunglass Hut and Target Optical, as well as the insurer EyeMed Vision Care.
And Italy’s Luxottica now casts an even longer shadow over the eyewear industry after merging last fall with France’s Essilor, the world’s leading maker of prescription eyeglass lenses and contact lenses. The combined entity is called EssilorLuxottica.
business  monopoly  money  latimes  capitalism 
17 days ago by rgl7194
One-off $11m Bugatti is the most expensive new car ever | DriveTribe
Bugatti has built a one-off model for a Bugatti enthusiast, taking design inspiration from the Bugatti Type 57 SC Atlantic.
Anyone with a slight knowledge of French would be able to tell that translated, “La Voiture Noire” means “the black car’. A slightly unimaginative name for a car with such a flamboyant design.
The “La Voiture Noire” celebrates Bugatti’s 110th anniversary, drawing inspiration from the Type 57 SC Atlantic, with a longer bonnet and the C-line that appears on every modern Bugatti.
The car has been created so the bumpers are integrated into the body and the windscreen has been designed to mimic a helmet visor.
Bugatti says the La Voiture Noire is more of a grand tourer than the Chiron, with modifications to the car to make it more comfortable to drive over long distances.
The eight-litre, 16-cylinder engine is the same unit used in the Chiron, producing the same 1,500 PS. The new car features a new six tailpipe exhaust system, four more tailpipes than on the Chiron.
At €11m/£9.5m/$12.5m this unique car has already been sold to a Bugatti enthusiast. Bugatti claims that It is the most expensive new car of all time.
bugatti  cars  drivetribe  money 
18 days ago by rgl7194
This $12.5 Million Bugatti Is the Most Expensive New Car Ever
These days, do you really stand out if you drive a $3 million Bugatti Chiron? And God help you if you’re still driving around in the last-generation Veyron, which may as well be a broke-ass 1990s Honda Accord to the hyper-wealthy. No, what you need is this: the Bugatti La Voiture Noire, price tag $12.5 million.
Of course, Bugatti is only making one of them—this one. So if you obtain one, you’ll be able to properly lord it over the other 7.4 billion of us on this planet.
“La Voiture Noire” means “the black car,” and besides being the total extent of my French it’s a very apt description here. The name also comes as an homage to the Type 57 SC Atlantic, said to be one of Jean Bugatti’s finest creations.
cars  bugatti  money 
18 days ago by rgl7194
Dodgers whiff on Bryce Harper and a chance to solidify a franchise for a decade - Los Angeles Times
The Dodgers blinked.
Locked in a duel for the services of a player who could have brought them their first World Series championship in 30 years, the Dodgers blinked, and Bryce Harper signed with the Philadelphia Phillies, and suddenly everything feels different.
The Dodgers blinked, and the growing shouts around Los Angeles have become one giant sigh.
The Dodgers blinked, and the cheering for the arrival of a transformational superstar at Chavez Ravine has devolved into two wringing hands.
The Dodgers blinked, and now you have to question, what exactly are they looking at?
They had a chance to lock up a charismatic 26-year-old slugger who could be the swaggering face of the franchise for the next decade. They flew to his Las Vegas home this week in what appeared to be a successful attempt to convince him of their charms. It seemed like Harper was all but begging to come to Los Angeles.
Yet the Dodgers let him go to the one place he clearly didn’t want to go. They lost him to Philadelphia. Really? A city that is far from his West Coast vibe, a team that won’t immediately contend for a championship, and a dugout that is run by the eccentric Gabe Kapler.
The 13-year length of Harper’s contract is insane. The $330-million value is crazy.
baseball  bryce  business  dodgers  rumor  money 
21 days ago by rgl7194
Dodgers losing out on Bryce Harper is no one’s fault but their own – Dodgers Digest
Yesterday was a bad day. After the Dodgers were not only seemingly back in the Bryce Harper sweepstakes, but in the lead, he opted to sign a 13-year, $330 million deal with the Phillies.
Chad was right.
I blame myself for getting my hopes up, but this sucks. What makes it suck even more is the fact the Dodgers’ offer wasn’t even really competitive.
“But Dustin, how can you say $45 million per season isn’t competitive?”
Well, when you factor everything in that came out after the news broke, it makes a little more sense.
Harper wanted a long-term commitment from the team he signed with. He told his agent Scott Boras to get the longest contract possible. The Dodgers offering three or four years wasn’t gonna cut it, no matter the average annual value. And since Boras got Harper 13 years, he had to give up some AAV to make it happen. That makes sense. There’s also a non-zero chance if the Dodgers got to eight or 10 years, Harper could have chosen LA.
baseball  bryce  business  dodgers  rumor  money 
21 days ago by rgl7194
One last look at Bryce Harper before moving on – Dodger Thoughts
...Over time, especially since the end of the McCourt era, less and less has angered me since. I’ve changed, and the Dodgers have changed. This front office’s thinking aligns much better with mine, plus there is more money to spend. I also have realized that most things in baseball just aren’t worth getting that riled up about.
So when the news came Thursday that the Dodgers’ final interest in Bryce Harper had fallen short of a deal, I was pretty deeply disappointed, but I wasn’t angry. I’m willing to see what happens. It puts much more pressure on players like A.J. Pollock, Joc Pederson and Alex Verdugo, but I’m hopeful. I’m curious.
Still, though signing Harper might have turned badly for the Dodgers, I believe it was worth the risk.
Let’s address three common misconceptions about Harper and long-term contracts...
baseball  bryce  business  dodgers  rumor  money 
21 days ago by rgl7194
Bryce Harper May Already Be Past His Prime | FiveThirtyEight
The Philadelphia Phillies and star outfielder Bryce Harper on Thursday reached a record free-agent agreement in terms of total dollars ($330 million) and years (13). After waiting 123 days since the World Series ended, Harper breaks the mark set just days earlier by Manny Machado. The previous open-market record — Alex Rodriguez’s free-agent contract for $275 million deal with the Yankees on Dec. 13, 2007 — stood for 11 years until this winter.1
But Harper’s deal falls short in terms of annual average value ($25.4 million). For instance, Rodriguez’s mega deals signed in 2007 and 2001 each had greater average values, and offseason speculation expected that Harper might command more than $30 million per season.2 There is no opt-out clause in the deal, but there is a no-trade clause. Given the deal’s less-than-expected annual average value and Harper’s far-longer-than-expected wait on the open market, the contract suggests that the baseball industry didn’t quite know what to make of Bryce Harper.
The good news for the Phillies is that Harper should help them immediately. Based on 100 simulations run for FiveThirtyEight by Out of the Park Developments, Harper will improve the Phillies from an 80.2-win team in 2019 to an 86.1-win team, though the computer forecasts still had Philadelphia missing the postseason. Harper caps an aggressive offseason for the Phillies, who traded for catcher J.T. Realmuto and shortstop Jean Segura and added notable free agents Andrew McCutchen and David Robertson to a young core led by ace pitcher Aaron Nola and slugger Rhys Hoskins.
bryce  baseball  business  dodgers  rumor  538  money 
22 days ago by rgl7194
Bryce Harper signs historic deal with Phillies - True Blue LA
The biggest off-season drama in baseball history had its series finale on Thursday.
What will go down as a historic day in sports history, free-agent Bryce Harper agreed to a 13-year deal worth $330 million with the Philadelphia Phillies. It is the largest contract in baseball history.
While new information is being released every moment, here’s what we know so far.
No opt-outs
Full no-trade clause
The Dodgers were right in the fold of things, having met with Harper this past weekend in Las Vegas. It was clear that Harper was expecting a long-term deal, and the Dodgers made it clear they had intentions of trying to sign him to a short-term deal.
Though the Dodgers would give Harper less years, it was expected he would set the record for highest annual salary in baseball history.
What the Dodgers offered has yet to be released, but this may help get a better understanding at what they were going for.
At the end of the day, Bryce Harper is a Phillie, and not a Dodger.
Will not signing the 26-year-old be the right move? Only time will tell.
baseball  dodgers  business  bryce  rumor  money 
23 days ago by rgl7194
The Plot Against George Soros
How two Jewish American political consultants helped create the world’s largest anti-Semitic conspiracy theory.
The glass tower that houses George Soros’s office in Manhattan is overflowing with numbers on screens, tracking and predicting the directions of markets around the world. But there’s one that’s particularly hard to figure out — a basic orange chart on a screen analyzing sentiment on social media.
The data, updated regularly since 2017, projects the reactions on the internet to the name George Soros. He gets tens of thousands of mentions per week — almost always negative, some of it obviously driven by networks of bots. Soros is pure evil. A drug smuggler. Profiteer. Extremist. Conspiracist. Nazi. Jew. It’s a display of pure hate.
The demonization of Soros is one of the defining features of contemporary global politics, and it is, with a couple of exceptions, a pack of lies. Soros is indeed Jewish. He was an aggressive currency trader. He has backed Democrats in the US and Karl Popper’s notion of an “open society” in the former communist bloc. But the many wild and proliferating theories, which include the suggestion that he helped bring down the Soviet Union in order to clear a path to Europe for Africans and Arabs, are so crazy as to be laughable — if they weren’t so virulent.
Soros and his aides have spent long hours wondering: Where did this all come from?
Only a handful of people know the answer.
On a sunny morning last summer, one of them could be found standing in front of the huge buffet in the Westin Grand Hotel in Berlin. George Birnbaum is built like a marathon runner — tall and slender, his head and face shaved clean. Elegant horn-rimmed glasses frame his piercing blue eyes.
Birnbaum — a political consultant who has worked in the US, Israel, Hungary, and across the Balkans — had agreed to talk for the first time about his role in the creation of the Soros bogeyman, which ended up unleashing a global wave of anti-Semitic attacks on the billionaire investor. But he also wanted to defend his work, and that of his former mentor and friend, Arthur Finkelstein.
politics  soros  gov2.0  money  Dems  conspiracy_theory 
23 days ago by rgl7194
Travel America with Cheap Amtrak Train Tickets & Prices as Low as $213 - Thrillist
Trains are a pretty great way to travel. Think about it: You can sleep, eat and lounge pretty comfortably in them, and even pretend to be living in the Gilded Age while sitting in your personal cabin and twirling your mustache, or sipping some tea.  
But trains can also be impeccably cheap, and according to travel blogger Derek Low, you can take a scenic trip from coast-to-coast on Amtrak for as little as $213. Low conveys the beautiful trip from San Francisco to New York in great detail, describing everything from the food (pretty bland, to surprisingly good), to the multiple environments and landmarks he encountered.
In short, you can see most of the continental US -- that’s 3,397 miles across 11 states -- without breaking the bank. Here’s the kicker: The trip from SF to Chicago can cost as little as $130 if you buy California Zephyr tickets. If you want to see more of the country, you can transfer to the Lake Shore Limited train for an additional $83, making your grand total an especially frugal $213. 
travel  train  money 
29 days ago by rgl7194
Here's Definitive Proof That the Ultra-Luxe Japanese Sleeper Train Is Basically Heaven
Trains can be a wonderful way to travel in comfort and style. The Train Suite Shiki-shima luxury train in Japan is probably as close as you’d come to experiencing train heaven. We’ve seen the pictures and now there’s video to take your breath away.
The train first blew our minds in 2017, but a new video uploaded to Train Video Collection on YouTube gives us an even more intimate look inside it. The whole thing is set to beautiful background music that sounds like it was lifted straight from a Miyazaki film. It’s perfect.
The train is extremely distinctive-looking because of its irregularly shaped window design. From the inside, it looks more like a modern art museum than any train that I’ve seen before.
japan  train  travel  luxury  money 
29 days ago by rgl7194
The Birth of the New American Aristocracy - The Atlantic
The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem.
1.
The Aristocracy Is Dead …
For about a week every year in my childhood, I was a member of one of America’s fading aristocracies. Sometimes around Christmas, more often on the Fourth of July, my family would take up residence at one of my grandparents’ country clubs in Chicago, Palm Beach, or Asheville, North Carolina. The breakfast buffets were magnificent, and Grandfather was a jovial host, always ready with a familiar story, rarely missing an opportunity for gentle instruction on proper club etiquette. At the age of 11 or 12, I gathered from him, between his puffs of cigar smoke, that we owed our weeks of plenty to Great-Grandfather, Colonel Robert W. Stewart, a Rough Rider with Teddy Roosevelt who made his fortune as the chairman of Standard Oil of Indiana in the 1920s. I was also given to understand that, for reasons traceable to some ancient and incomprehensible dispute, the Rockefellers were the mortal enemies of our clan. Only much later in life did I learn that the stories about the Colonel and his tangles with titans fell far short of the truth.
At the end of each week, we would return to our place. My reality was the aggressively middle-class world of 1960s and ’70s U.S. military bases and the communities around them. Life was good there, too, but the pizza came from a box, and it was Lucky Charms for breakfast. Our glory peaked on the day my parents came home with a new Volkswagen camper bus. As I got older, the holiday pomp of patriotic luncheons and bridge-playing rituals came to seem faintly ridiculous and even offensive, like an endless birthday party for people whose chief accomplishment in life was just showing up. I belonged to a new generation that believed in getting ahead through merit, and we defined merit in a straightforward way: test scores, grades, competitive résumé-stuffing, supremacy in board games and pickup basketball, and, of course, working for our keep. For me that meant taking on chores for the neighbors, punching the clock at a local fast-food restaurant, and collecting scholarships to get through college and graduate school. I came into many advantages by birth, but money was not among them.
usa  class  money  politics  economics 
4 weeks ago by rgl7194
Colin Kaepernick Won His Settlement With the NFL - The Atlantic
It doesn’t matter how much he made from the settlement announced on Friday; he bested the league.
Technically, Colin Kaepernick withdrew his collusion case. Technically, the NFL did not admit it conspired to blackball Kaepernick from the league after he began taking a knee during the national anthem to protest racial injustice. But non-technically speaking, the NFL lost. Massively.
The terms of the settlement, announced on Friday, were not disclosed. But it doesn’t matter how much money Kaepernick ultimately receives from the NFL; what matters is that he bested a league that has a long history of pummeling its opposition in court, especially players.
In a way the NFL had no other choice. Last August, arbitrator Stephen Burbank rejected the NFL’s request to have the case dismissed. That meant he believed Kaepernick’s team had compiled enough receipts to present their case. With another hearing reportedly scheduled for next month, did the NFL really want to let Kaepernick’s legal team expose those receipts in court?
Of course not.
Owners and coaches already had given depositions in Kaepernick’s case and the details that emerged from those proceedings did not look good for the NFL.
football  kaep  legal  business  trump  politics  racism  protest  money 
4 weeks ago by rgl7194
This Is The Median Net Worth By Age -- How Do You Compare? | Bankrate.com
Median net worth by age
Owning property, holding a well-funded retirement account and keeping emergency savings help push a household’s net worth into positive territory. Mortgages, student loans and credit card balances all pull down a person’s collective wealth.
Here’s a breakdown of the median net worth by age:
Ages 18-34: $11,266
Ages 35-44: $61,146
Ages 45-54: $127,044
Ages 55-64: $191,836
Ages 65-74: $229,425
Ages 75 and older: $271,162
Data collection for the 2019 survey is expected to begin this spring. The results will show whether American households continued growing their assets and cutting their debt or if wealth dipped.
money  finances  economics 
5 weeks ago by rgl7194
America's Socialist Sports League: The NFL - The Atlantic
Because revenues are spread evenly across franchises, owners don't gain much financially when their teams win.
Free agency in the National Football League began this month and a number of stars—Ndamukong Suh, DeMarco Murray, and Darrelle Revis—have found new employers. NFL fans everywhere love looking at each move their favorite teams make and debating whether or not these moves are likely to improve their own future happiness.
Although people might disagree about the merits of each transaction, there is a general sense that each team is trying to win. After all, don't teams have a clear financial incentive to win more games? Don't more wins lead to more fans in the stands and more viewers on television? And doesn't all that make the team owners more money?
As it turns out, the economics of the NFL don't quite work this way. The NFL equally shares its nearly $5 billion of national television revenue among all its teams. It also shares a substantial portion of its ticket and merchandise revenue, but not revenue from suites, sponsorships, or naming rights. All of this means that the link between a team's record and the revenue it brings in is quite weak.
In a recent paper published in the International Journal of Sport Finance, Michael Leeds, Peter von Allmen, and I look at the statistical link between a team's wins and its total revenue in the NFL, National Basketball Association, and Major League Baseball. With respect to baseball we found that a 10 percent increase in regular season wins for an average team would lead to a 2.7 percent increase in revenue. The same result was uncovered for the NBA. In both of these leagues the national television revenue is shared, but other revenue streams, such as local media, gate revenue, and sponsorship revenue are—relative to what we see in the NFL—not shared as much.
football  business  socialism  money 
6 weeks ago by rgl7194
The Rams Went Shopping For A Super Bowl — And It Worked | FiveThirtyEight
The Super Bowl-bound Los Angeles Rams are a fascinating exercise in modern NFL team-building. While their opponents in Atlanta, the dynastic New England Patriots, seldom break the bank for anybody other than quarterback Tom Brady — who has been under center for a record nine Super Bowls with the Pats — the Rams spent aggressively after the end of last season. They opened the pocketbook for homegrown stars such as Aaron Donald and Todd Gurley, who each signed massive extensions, and also made a handful of outside pickups, including Brandin Cooks, Ndamukong Suh, Marcus Peters, Aqib Talib and Dante Fowler Jr.
All told, the spree left L.A. with 34 percent of its 2018 salary-cap dollars committed to returning veteran players on fresh extensions (tops among playoff teams) and an additional 22 percent of the cap spent on incoming veterans (third only to the Bears and Texans among playoff teams), according to data from ESPN’s Stats & Information Group. The result was a star-studded roster that many called the dreaded D-word — “dream team” — a label that has come to symbolize a roster concept that doesn’t always work in the NFL. But unlike previous dream-team iterations, the Rams have made it work, primarily by relying less on the newcomers and more on the talent they’ve developed. And that might provide a blueprint for future champions, if not exactly future dynasties.
football  rams  business  trade  money  superbowl  538 
7 weeks ago by rgl7194
Is the Era of Unrestrained Capitalism Coming to an End? - WhoWhatWhy
It is truly ironic that the world’s “elite” who gathered in Davos this week claim to be puzzled that people across the globe — frustrated by stagnating standards of living — are falling prey to nationalists and populists. To find the answer to this riddle, many of them could have saved the trip to Switzerland on their private jets and taken a long, hard look in the mirror instead — because they are the problem.
It’s really not so difficult: The greed of corporations and a few individuals has resulted in their amassing huge piles of money while leaving behind just about everybody else. An increasing number of people seem to be waking up to that fact.
But the claim that the Davos crowd is worried about populism and nationalism rings hollow. Many of the companies represented at the summit will gladly do business with anybody if it’s good for their bottom line. Case in point is the appearance of Brazilian President Jair Bolsonaro, the recently elected right-wing populist, who promised a tax-cutting, privatization agenda in his remarks. Oh, and the Saudis were also in Davos.
capitalism  money  politics  gov2.0  conference  business 
7 weeks ago by rgl7194
Can Worker Participation on Corporate Boards Fight Income Inequality? - WhoWhatWhy
The issue of income inequality is front and center in the American conversation. A recent poll showed 66 percent of Americans agree that money and wealth should be more evenly distributed in the United States. Instead, the rich are getting richer and wealth gap is increasing.
As the run-up to the 2020 election begins, there is one notable policy proposal to reduce income inequality — and it would not cost the taxpayers a dime.
That proposal is codetermination: a system that allows employees at large corporations to elect members of the boards of directors. With workers serving as directors, it is argued they would be in a much better position to obtain higher wages for themselves and block excessive management compensation packages.
Codetermination has been in effect in Germany, Scandinavia, and other northern European countries. And, if Sen. Elizabeth Warren (D-MA) has anything to say on the matter, it will be implemented in the US as well.
business  money  economics  capitalism 
7 weeks ago by rgl7194
US spends twice as much on health care as its peers - CNNPolitics
(CNN)Despite many efforts to rein in US health care costs in recent years, spending is still on the rise.
Americans spend more than twice as much on health care per person as their peers in developed nations, according to a new analysis from Johns Hopkins Bloomberg School of Public Health.
It's not because people in the US use more medical services. Instead, it's because drugs cost more, doctors and nurses are paid better, hospital administration is more expensive and many medical services have higher price tags, the study found.
The new analysis -- an update of a well-known 2003 report by Princeton health care economist Uwe Reinhardt titled "It's the prices, stupid" -- found that the US remains an outlier when it comes to spending, which was $9,892 per person in 2016. That compares to a median of $4,033 for Organization for Economic Cooperation and Development countries in 2016 and to the $4,559 the US spent per person in 2000, adjusted for inflation.
health  money  economics  gov2.0  politics  drugs 
7 weeks ago by rgl7194
Young Drivers Would Rather Buy Expensive Used Cars Than Cheap New Ones: Report - The Drive
Gen Z is keen on the value proposition of used cars.
In a rather unsurprising new analysis by J.D. Power, young drivers in Generation Z (people born between the mid-'90s and mid-2000s) favor used cars with more features for less money over small, entry-level compacts on the new market. The most affordable new cars are meant to attract young drivers with low car budgets and introduce them to the brand thereby building loyalty. However, Gen Z kids (also known as “Zoomers”) are apparently very aware that they can get more bang for their buck on the used market.
According to the analysis found in Automotive News, new vehicles that cost less than $20,000 sank 19 percent in sales in 2018 while vehicles over the $40,000 mark rose 7.4 percent. In other words, nobody wants a cheap new car anymore and the budgets of new car shoppers continue to grow. If you were wondering why so many brands are continuing to push further upmarket, there’s your answer. Welcome to the era of the six-digit Ford pickup truck.
Speaking of budgets getting bigger, the average new vehicle transaction price rose again from $31,700 in 2017 to $32,500 in 2018. When kids in their early 20s shop around for new cars and see that the average new vehicle costs more than $30K, they’re quick to turn their eye to the used market.
What's surprising is the kind of cars people are buying on the used market. In 2018, sales of used midsize sedans rose seven percent and used compact sales are up nine percent. Sedans might be hurting on the new market, but it sounds like drivers like them more after depreciation increases their value proposition.
It’s not hard to see why Zoomers buy used instead of new. Depreciation is real and the average new car loses about 35 percent of its value in the first three years of its life, sometimes much more than that. Overall, used vehicles are 51 percent cheaper than new ones according to J.D. Power. That’s a discount that young buyers with small budgets can’t—and shouldn’t—ignore.
gen_z  cars  money 
8 weeks ago by rgl7194
NFL fines Nickell Robey-Coleman $26K for controversial hit vs. Saints
Roger Goodell and the NFL have yet to publicly address the controversial no-call in the Los Angeles Rams’ win over the New Orleans Saints, but the league made somewhat of a statement on Friday. Nickell Robey-Coleman was fined more than $26,000 for his helmet-to-helmet hit on Tommylee Lewis, though no penalty was called.
This news is sure to upset Saints fans even more.
Robey-Coleman should have been called for pass interference and clearly should’ve drawn a penalty for hitting Lewis in the helmet on the play. Neither penalty was called, the Saints settled for a field goal and the Rams won in overtime.
This fine isn’t necessarily the NFL admitting it got the call wrong, but it does show that at the very least, the referees should’ve thrown a flag for an illegal hit, as many fans have said already.
Robey-Coleman won’t have a problem coughing up the money, considering the hit helped land the Rams in the Super Bowl.
football  rams  playoffs  money 
8 weeks ago by rgl7194
Nickell Robey-Coleman of Los Angeles Rams fined for helmet-to-helmet hit vs. New Orleans Saints
Los Angeles Rams cornerback Nickell Robey-Coleman has been fined $26,739 by the NFL for a helmet-to-helmet hit on New Orleans Saints wide receiver Tommylee Lewis that was not flagged during the NFC Championship Game, a source told ESPN's Adam Schefter on Friday.
League sources also told Schefter that Saints coach Sean Payton reached out to the league to see how it was going to publicly handle the controversial ending to regulation. Robey-Coleman appeared to run into Lewis, but was not flagged, before the ball arrived from Saints quarterback Drew Brees on third-and-10 at the Rams' 13-yard line with 1 minute, 45 seconds remaining in a 20-20 game.
football  rams  playoffs  money 
8 weeks ago by rgl7194
Kremlin Watch Briefing: Borrowing Russian money has a cost
Good Old Soviet Joke
In the US, you can always find a party.
In Soviet Russia, The Party can always find you!

Following Le Pen’s money
Back in 2014, France’s far-right National Front party – which is led by Marine Le Pen, who was a candidate in the most recent presidential elections – received a €9.4 million loan from the shady First Czech-Russian Bank. The Washington Post now describes how the loan was administered, the current state of its repayment, and the negative consequences facing the National Front.
“Four years later, the bank has gone bust. The owner is facing a warrant for his arrest. Former Russian military officers are demanding money. And the party’s treasurer is sending off some $165,000 every few months to a woman in Moscow, unsure of where the payments ultimately will go.”
The National Front turned to the First Czech-Russian bank after failing to obtain a loan from French banks, which were reluctant to lend money in the aftermath of Nicolas Sarkozy’s illegal campaign funding scandal, and likely also because the National Front had trouble repaying debts in the past (in one case, it even had to sell its headquarters).
But despite ultimately obtaining the loan, the National Front has had only limited political success. Instead, the shady source of the loan dragged the party “into the shadowy underworld of Russian cross-border finance, putting it in league with people accused of having ties to Russian organized crime, money laundering and military operations.”
money  russia  propaganda  france  politics  gov2.0  corruption  banking  infographic 
8 weeks ago by rgl7194
The Decline of Social Mobility in America - The Atlantic
A new study indicates that from the 1980s to the 2000s, it became less likely that a worker could move up the income ladder.
It’s not an exaggeration: It really is getting harder to move up in America. Those who make very little money in their first jobs will probably still be making very little decades later, and those who start off making middle-class wages have similarly limited paths. Only those who start out at the top are likely to continue making good money throughout their working lives.
That’s the conclusion of a new paper by Michael D. Carr and Emily E. Wiemers, two economists at the University of Massachusetts in Boston. In the paper, Carr and Wiemers used earnings data to measure how fluidly people move up and down the income ladder over the course of their careers. “It is increasingly the case that no matter what your educational background is, where you start has become increasingly important for where you end,” Carr told me. “The general amount of movement around the distribution has decreased by a statistically significant amount.”
education  economics  class  usa  money  jobs  career 
8 weeks ago by rgl7194
Daring Fireball: Lawsuit Reveals Facebook's Internal Documents About How It Made Money Off Children
Nathan Halverson, reporting for Reveal:
“In nearly all cases the parents knew their child was playing Angry Birds, but didn’t think the child would be allowed to buy anything without their password or authorization first,” according to an internal Facebook memo. The memo noted that on other platforms, such as Apple’s iPhone, people were required to reauthorize additional purchases, such as by re-entering a password.
A Facebook employee noted that children were likely to be confused by the in-game purchases because it “doesn’t necessarily look like real money to a minor.” Yet the company continued to deny refunds to children, profiting from their confusion.
In one of the unsealed documents, two Facebook employees deny a refund request from a child whom they refer to as a “whale” — a term coined by the casino industry to describe profligate spenders. The child had entered a credit card number to play a game, and in about two weeks racked up thousands of dollars in charges, according to an excerpt of messages between two employees at the social media giant.
The transcript Reveal obtained is jaw-dropping. A 15-year-old ran up $6,500 in in-game charges and Facebook refused the request for a refund.
Facebook is a criminal enterprise.
facebook  children  money  games  daring_fireball 
8 weeks ago by rgl7194
The Value of a Hacked Email Account — Krebs on Security
One of the most-viewed stories on this site is a blog post+graphic that I put together last year to illustrate the ways that bad guys can monetize hacked computers. But just as folks who don’t bank online or store sensitive data on their PCs often have trouble understanding why someone would want to hack into their systems, many people do not fully realize how much they have invested in their email accounts until those accounts are in the hands of cyber thieves.
This post aims to raise awareness about the street value of a hacked email account, as well as all of the people, personal data, and resources that are put at risk when users neglect to properly safeguard their inboxes.
Sign up with any service online, and it will almost certainly require you to supply an email address. In nearly all cases, the person who is in control of that address can reset the password of any associated services or accounts –merely by requesting a password reset email.
Your email account may be worth far more than you imagine.
How much are these associated accounts worth? There isn’t exactly a central exchange for hacked accounts in the cybercrime underground, but recent price lists posted by several miscreants who traffic in non-financial compromised accounts offer some insights.
One prominent credential seller in the underground peddles iTunes accounts for $8, and Fedex.com, Continental.com and United.com accounts for USD $6. Groupon.com accounts fetch $5, while $4 buys hacked credentials at registrar and hosting provider Godaddy.com, as well as wireless providers Att.com, Sprint.com, Verizonwireless.com, and Tmobile.com. Active accounts at Facebook and Twitter retail for just $2.50 apiece.
privacy  security  email  money  hack  krebs 
9 weeks ago by rgl7194
Wall Street Is Making the Most Money Ever, So Why the Long Face? - Bloomberg
The six big banks head toward their first $100 billion year
Profits aren’t lifting a grim holiday mood as bank stocks wilt
In this article
GS
GOLDMAN SACHS GP
195.63USD-1.45-0.74%
JPM
JPMORGAN CHASE
102.52USD+0.01+0.01%
BAC
BANK OF AMERICA
28.59USD+0.14+0.49%
WFC
WELLS FARGO & CO
48.97USD+0.03+0.06%
MS
MORGAN STANLEY
42.59USD-1.90-4.26%
A jazz duo played inside a Manhattan apartment this week while Wall Street veteran Erika Karp mingled with other finance types. The big banks are finishing what’s on track to be the most profitable year ever, but the mood at the holiday party was restrained. Sometimes it dipped into sarcasm and disgust.
No matter what happens as December drags to a close, JPMorgan Chase & Co., Goldman Sachs Group Inc. and the other four U.S. heavyweights made so much money in the first three quarters that they’ve already topped last year’s total haul. Boosted by Donald Trump’s tax cuts, they’re heading toward their first $100 billion year ever, smashing the $93 billion record from 2016. But jubilation is hard to find.
Holiday spirits across Wall Street are being spoiled by anxiety that markets are getting uglier, frustration over the industry’s own miserable stock prices and fears that a recession will finally hit. Another explanation for the tempered mood: Bankers are savvy enough not to flaunt record-setting profits a mere decade after taxpayers bailed them out during the financial crisis.
banking  economics  money  gov2.0  politics  trump  taxes  stock_market 
9 weeks ago by rgl7194
It’s Official: Wall Street Topped $100 Billion in Profit - Bloomberg
The six biggest U.S. banks have never had a $100 billion year. Until now.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and their peers have already reported more than $111 billion of profit for 2018. Morgan Stanley will only make that number bigger when it releases its fourth-quarter results Thursday.
They have Republican tax cuts to thank, along with rising interest rates, a surge in dealmaking and a retail-banking boom.
banking  economics  money  gov2.0  politics  trump  taxes  stock_market 
9 weeks ago by rgl7194
Lefsetz Letter » Blog Archive » Bohemian Rhapsody
So what have we learned?
It was the worst-reviewed Golden Globe winner in 33 years:
Bohemian Rhapsody Is the Worst-Reviewed Golden Globe Winner in 33 Years
Not that I needed Rotten Tomatoes to tell me this, I’ve been tracking it all along. Excoriated in the press, I’ve yet to find one person who didn’t absolutely adore it.
This movie should have been a nonstarter. Aged rock band’s surviving members shepherd a biopic to the screen. The story is too old, not intriguing enough, and everybody will tell you you don’t want the subjects involved, they can never agree on anything and they want a whitewash.
But “Bohemian Rhapsody” is the highest grossing biopic of all time, with a $743,677,266 gross, with $193,644,966 of that in the U.S.
music  movies  review  biography  lefsetz  money  award 
9 weeks ago by rgl7194
How Wirecutter Money Makes Recommendations: Reviews by Wirecutter | A New York Times Company
Not everyone wants to talk about money, so it can be hard to get solid advice from people you know. That’s where Wirecutter Money can help. The Money team takes the deep-dive Wirecutter approach and applies it to credit cards, software, and services to make recommendations that can set you on the path to a secure financial future. We asked Wirecutter Money senior editor Korrena Bailie to tell us what her team plans to review this year, how the Money team keeps up with changing rates, and what her own terrifying new year’s money resolution is.
"Wirecutter-ing your stuff" means buying things that make life easier and more enjoyable. What does "Wirecutter-ing your finances" mean?
We believe that Wirecutter-ing your finances is primarily about reducing friction or stress in your life—mostly in small ways, but sometimes in big ones.
There's no reason money topics have to cause fear or tension, and our job is to recommend the credit cards, software, and behavioral tricks that will ease those feelings.
Wirecutter-ing your finances can mean paying a little up front for greater benefits later on. For example, we love the Chase Sapphire Reserve, our pick for the best travel credit card. You pay a $450 annual fee up front, but the rewards and travel credits will most likely put more money in your pocket than with any other card. In addition, you get excellent travel insurance, which means your vacation won't crumble beneath you if your flight is late or someone rear-ends your rental car.
It also means picking the right software to do your taxes or the best budgeting app, or even thinking about saving for retirement. How many fights have you had with a significant other over money? For nearly all of these problems, there’s a better solution. And we’re committed to finding them for our readers.
Wirecutter-ing your finances can mean paying a little up front for greater benefits later on.
wirecutter  money  credit_cards  software  review  comparo  finances 
9 weeks ago by rgl7194
Led Zeppelin At 50: Every Zep Song, Ranked By Revenue Generated | Billboard
To coincide with the band’s and LZ 1’s 50th anniversary, as well as Page’s 75th birthday today (Jan. 9), Billboard has ranked the Led Zeppelin catalog, song by song, based on revenue generated by digital activity since the band’s music first became available at download stores like iTunes and on-demand services like Spotify. (The methodology on how this ranking was compiled can be found at the bottom of this post.)
But it's important to note that while revenue serves as the basis of the ranking, Billboard only counted revenue where the consumer made a choice, either by downloading a song or playing a stream on-demand. That means that other revenue generators -- where professionals make choices like which songs to play on the radio, or which song to put in a TV show or to physically release as a single -- were not considered, because the consumer wasn’t involved in those choices.
Therefore, this list is a true gauge of the popularity of the songs within the band’s catalog, because the Zeppelin fans’ actions generated the revenue upon which this ranking is based. Here now is Billboard’s ranking of the most popular Led Zeppelin songs as voted on by U.S. consumers with their time and money, with an observation or two about each of the 94 songs -- total revenue generated: $21,607,542.71 -- in the band’s catalog.
music  ledzep  money  songs  ranking  anniversary  download  streaming  top_ten 
10 weeks ago by rgl7194
What Happened When A Trump Supporter Challenged Me About the Wall
A conservative challenged liberal Facebook friends to “make a case, not based on emotion” against Trump’s wall. Conservative buddies flooded his post with snide remarks about how this would be impossible for “deluded libs.”
“Okay, I’ll play,” I responded. And in order to avoid being accused of bias, I explained that I would use only conservative sources to prove my point. My primary source was a policy paper by the Cato Institute, a conservative, rightwing think tank, along with other conservative voices (listed at the end of the piece). Here’s why I’m against the wall, I wrote...
trump  gov2.0  politics  conservative  money  immigration 
10 weeks ago by rgl7194
Millennials aren’t breaking traditions. They’re just broke. - The Washington Post
Millennials are a murderous bunch, a generation of homicidal maniacs.
At least that’s the impression you get from reading news stories about my generation.
According to the headlines, we’ve wreaked carnage across the economy with our fickle, selfish tastes. So far we have “killed” or are “killing” dinner dates, hotels, credit cards, grocery stores, cinemas, Home Depot, diamonds, banks, gyms, department stores, vacations, cruises and casinos, the car industry, homeownership and even Buffalo Wild Wings.
The explanations for our butchery are manifold, and sometimes contradictory.
Sometimes we’re a bunch of hipster brats who don’t appreciate the tried-and-true cultural milestones of middle-class adulthood. We spend all our time snapping selfies in our parents’ basements. That means we don’t need cars to get around, nor do we want them. To today’s youngsters, “driving simply doesn’t seem as cool as it once was,” one Fortune magazine article proclaimed.
money  economics  jobs  career  education  millennials 
11 weeks ago by rgl7194
Big Pharma ushers in new year with price hikes on hundreds of drugs | Ars Technica
Experts expect price hikes to surge this year, with average increases of 6.5% so far.
More than three dozen drug companies welcomed the new year with sweeping price hikes on hundreds of medicines, according to a new analysis from Rx Savings Solutions, which was first reported by The Wall Street Journal.
The drugs that saw list-price increases on January 1 ranged from generics and blood-pressure drugs to brand-name prescriptions such as the dry-eye treatment Restasis. The average price jump blew past inflation at 6.5 percent, with some medicines seeing double-digit increases—bucking many drug companies' vows to keep such periodic hikes under 10 percent.
Despite public and political pressure on pharmaceutical companies to reign in soaring drug prices, Tuesday's wide-ranging increases are no surprise. In December, Reuters reported that 28 drug makers had filed notifications with California agencies that they planned to raise drug prices. (A recently passed law in the Golden State requires drug makers to provide notification if they plan to raise US lists prices by more than 16 percent over a two-year period.)
"Requests and public shaming haven't worked," Michael Rea, chief executive of RX Savings Solutions, told Reuters at the time. His company helps health plans and employers seek lower-cost prescription medicines. "We expect the number of 2019 increases to be even greater than in past years."
big_pharma  drugs  money 
11 weeks ago by rgl7194
Question Posed: How Did Bob Corker Go from ‘Dead Broke’ to $69 Million Net Worth During 11 Years in U.S. Senate? - Tennessee Star
“How do you increase your net worth by 69 million dollars while you’re working full-time as a Senator?” That’s the question Rolling Stone reporter Matt Taibbi asked about Senator Bob Corker (R-TN) on Friday.
Neither Taibbi nor Rolling Stone are fans of Corker (or of President Trump, Republicans, or conservatism in general). And Rolling Stone has had problems of its own, recently, as has Taibbi.
Nonetheless, Taibbi puts a fine point on what many political watchers across the Volunteer State have been asking for years.
Federal campaign contributions and lobbying data tracker Open Secrets has perhaps the most jaw-dropping illustration of Corker’s rise to wealth.
As Rolling Stone’s Taibbi writes, “Corker didn’t just enter the Senate without any money. He entered it carrying, according to his own disclosure forms, a mountain range of huge loans.”
congress  gov2.0  politics  money  corruption  stock_market 
11 weeks ago by rgl7194
Top 10 Most Expensive Cars in the World 2017 - The Drive
We've compiled a list of the world's 10 most expensive cars (more or less) on the market.
The number of supercars and hypercars is growing at a fast clip. That means competition for the most expensive car in the world title is also growing. From the Lamborghini Veneno Roadster to the McLaren P1 to the Aston Martin Valkyrie, expensive, high-ticket rarities are crowding the top of the market. Surprisingly, a most expensive car list is not as easy to make as you might think. The prices for the most expensive cars fluctuate depending on customer build requests, which—among the buyers of the world's most expensive cars—can get rather baroque.
To assemble the list, we tried to filter out the wide spectrum of suspect vapor, such as the late Marussia, the Zenvo TS1, and the Icona Vulcano Titanium, and instead went with cars that have established sales, something of a history, and at least partially verifiable base prices—Lamborghini, McLaren, Bugatti, and Pagani, and Koenigsegg, among others. 
cars  money  top_ten  ferrari  lamborghini  aston  koenigsegg  mclaren  bugatti  pagani 
11 weeks ago by rgl7194
How to Save for College: Reviews by Wirecutter | A New York Times Company
The estimated cost of putting a newborn through public college 18 years from now is nearly equivalent to buying a median-priced home today for all cash.
Saving that much, especially for more than one child, is impossible for most families. Nobody wants their children to start their adult lives saddled with a crippling amount of student debt. But numbers like those can have a perverse effect, paralyzing parents into doing nothing at all. After all, there’s no class in, ahem, college, to prepare us. We aren’t told how to begin and it’s often hard to find any wiggle room in the budget, particularly when you’re already paying a mortgage (or rent), child care, health insurance — and maybe even a student loan of your own. So where should you begin? Right here.
college  money  finances  howto  wirecutter  review 
12 weeks ago by rgl7194
Why Aren’t Rich People Happy With the Money They Have? - The Atlantic
At a certain point, another million dollars doesn’t make anything newly affordable. That’s when other motivations take over.
As the number of millionaires and billionaires in the world climbs ever higher, there are a growing number of people who possess more money than they could ever reasonably spend on even the lushest goods.
But at a certain level of wealth, the next million isn’t going to suddenly revolutionize their lifestyle. What drives people, once they’ve reached that point, to keep pursuing more?
There are some good explanations, I found, after talking to a few people who’ve spent significant amounts of time in the presence of and/or researching the really, really rich. Michael Norton, a Harvard Business School professor who has studied the connections between happiness and wealth, had a particularly elegant model for understanding this pattern of behavior.
Norton says that research regularly points to two central questions that people ask themselves when determining whether they’re satisfied with something in their life: Am I doing better than I was before? and Am I doing better than other people? This applies to wealth, but also to attractiveness, height, and other things that people fret about.
culture  money  psychology  business  competition 
12 weeks ago by rgl7194
Stan Freberg's 'Green Christmas' Is a Timeless Satire - The Atlantic
Sixty years ago, Stan Freberg’s satirical song “Green Christmas” angered advertisers for partaking in an age-old American tradition: criticizing the commercialism of the season.
Starting around Thanksgiving, one can hardly run an errand or ride an elevator without being serenaded by Christmas music. The songs cover familiar seasonal territory—silver bells, open sleighs, roasting chestnuts—as well as a timeless emotion: desire. Just think of Eartha Kitt flirting with “Santa Baby,” Mariah Carey donning a Santa hat to sing “All I Want for Christmas Is You,” or George Michael pining for a lost love in “Last Christmas,” by Wham! But all of those romantic lyrics about wanting and wishing also happen to tap into a different, but no less powerful desire: the urge to shop.
music  christmas  songs  50s  money  satire 
12 weeks ago by rgl7194
The Runaways’ Jackie Fuchs is Killing It on Jeopardy! | Music News | Consequence of Sound
The one-time bassist, who currently practices law in LA, has three Jeopardy! wins
Jackie Fuchs was once known as The Runaways’ Jackie Fox, but her new title is Jeopardy! champion. The former bassist first appeared on the trivia show this past Friday and became its new champion by winning $14,200. She returned on Monday night to defend her crown with another victory to add $19,889 to her pot. Update – Dec. 18th at 10:00 p.m.: Fox was again victorious on Tuesday night’s episode, winning an additional $24,600. Thus far, she’s earned a total of $58,689.
Jeopardy! fan site J! Archive notes that Friday’s program saw Fuchs faced with several music-related questions on her way to her first win. One of them — “In this song by the B-52’s, ‘we were at the beach, everybody had matching towels’” (“What is ‘Rock Lobster?’”) — she answered correctly. The other — “Solana Imani Rowe performs under this 3-letter name, as on ‘All the Stars’ with Kendrick Lamar” (“Who is SZA?”) — she did not. Fuchs, it seems, has yet to spin K-Dot’s Black Panther soundtrack.
music  rock_n_roll  women  70s  tv  games  money 
december 2018 by rgl7194
How Putin's oligarchs funneled millions into GOP campaigns | Commentary | Dallas News
Editor's note May 8, 2018: This column originally published December 15, 2017. New allegations about $500k in payments from a Russian oligarch made to Trump attorney Michael Cohen have placed it back in the news.
As Special Counsel Robert Mueller's team probes deeper into potential collusion between Trump officials and representatives of the Russian government, investigators are taking a closer look at political contributions made by U.S. citizens with close ties to Russia.
Buried in the campaign finance reports available to the public are some troubling connections between a group of wealthy donors with ties to Russia and their political contributions to President Donald Trump and a number of top Republican leaders. And thanks to changes in campaign finance laws, the political contributions are legal. We have allowed our campaign finance laws to become a strategic threat to our country.
russia  election  corruption  politics  gov2.0  trump  lobbying  money 
december 2018 by rgl7194
Greenspan to investors: 'Run for cover' - CNN
Washington (CNN Business)Alan Greenspan says the party's over on Wall Street.
The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.
"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.
He added that markets could still go up further — but warned investors that the correction would be painful: "At the end of that run, run for cover."
stock_market  finances  economics  money 
december 2018 by rgl7194
How much money can you save with a Wi-Fi smart thermostat? | iMore
Best answer: If you use a Wi-Fi smart thermostat to intelligently control the temperature in your home, you could in the ballpark of 10%-25% on your energy bill compared to a standard thermostat.
Amazon: ecobee4 Smart Thermostat ($200)
A Wi-Fi smart thermostat offers not only total temperature control from your phone or tablet but real energy savings
The novelty value of being able to control home temperature with your iPhone or iPad is high, but in terms of real dollars and cents, Wi-Fi smart thermostats are expensive compared to normal programmable thermostats, especially if you require pro installation. The degree of energy savings will determine whether a Wi-Fi smart thermostat is a worthwhile purchase, and we're going to help you figure that out.
smart_home  utilities  money  wi-fi  home_stuff 
december 2018 by rgl7194
Canada targets Russian ‘disinformation’ as part of $24M support package to bolster Ukraine democracy | National Post
Up to $2.5 million is going towards 'countering disinformation,' specifically from Russia
OTTAWA — Canada is committing up to $24 million to support “elections and democracy” in Ukraine, including money to counter Russian disinformation, as tensions between Russia and the West continue to rise.
Up to $2.5 million is going towards “countering disinformation,” specifically from Russia. A background document provided by Foreign Minister Chrystia Freeland’s office expresses Canada’s position bluntly: “Russia’s objective is to disrupt the stability of the Ukrainian state and throw into question the very legitimacy of democracy in the eyes of Ukrainian citizens.”
Freeland made the funding announcement in Milan, Italy on Thursday at a conference of the Organization for Security and Co-operation in Europe. It comes as a naval standoff between Russia and Ukraine continues in the waters off Crimea, the territory Russia annexed in 2014 — and as democracies continue to grapple with foreign attempts to influence voters via social media.
canada  ukraine  foreign_relations  freeland  russia  propaganda  disinformation  money 
december 2018 by rgl7194
Why Is College in America So Expensive? - The Atlantic
The outrageous price of a U.S. degree is unique in the world.
Before the automobile, before the Statue of Liberty, before the vast majority of contemporary colleges existed, the rising cost of higher education was shocking the American conscience: “Gentlemen have to pay for their sons in one year more than they spent themselves in the whole four years of their course,” The New York Times lamented in 1875.
Decadence was to blame, the writer argued: fancy student apartments, expensive meals, and “the mania for athletic sports.”
Today, the U.S. spends more on college than almost any other country, according to the 2018 Education at a Glance report, released this week by the Organization for Economic Cooperation and Development (OECD).
All told, including the contributions of individual families and the government (in the form of student loans, grants, and other assistance), Americans spend about $30,000 per student a year—nearly twice as much as the average developed country. “The U.S. is in a class of its own,” says Andreas Schleicher, the director for education and skills at the OECD, and he does not mean this as a compliment. “Spending per student is exorbitant, and it has virtually no relationship to the value that students could possibly get in exchange.”
college  education  economics  money 
december 2018 by rgl7194
Deutsche Bank, Trump, and Russia: A WhoWhatWhy Primer - WhoWhatWhy
Early Thursday morning German authorities raided the global powerhouse Deutsche Bank in relation to a money laundering investigation. The raid was reportedly spurred by information garnered from the Panama Papers — the 2015 document leak that revealed how wealthy international figures hide their riches via offshore bank accounts and shady shell companies. The new House Democratic leadership may also investigate.
At WhoWhatWhy, we’ve been watching Deutsche for quite a while — particularly its activities in the United States, its involvement with Russia, and its ties to Donald Trump.  
Here’s our Deutsche primer...
banking  crime  gov2.0  money  oligarchs  politics  russia  taxes  trump  corruption 
december 2018 by rgl7194
Study: Over 20 years, Silicon Valley workers’ median wage has fallen by 14% | Ars Technica
Prof: "The returns to capital are significantly outpacing the returns to labor."
Over the last two decades, 90 percent of workers in San Mateo and Santa Clara counties—the heart of Silicon Valley—have seen their real wages go down, according to a new study by the University of California, Santa Cruz and the think tank Working Partnership USA.
"The median wage for workers in the Silicon Valley region declined by 14 percent," the research showed.
This drop in income comes at the same time that productivity in the United States is at record highs, the study found. Worse still, many costs are rising: notably Bay Area housing is increasingly unaffordable.
technology  business  jobs  money 
november 2018 by rgl7194
How blue states help red states - SFChronicle.com
Donald Trump and Republicans in Congress love to demonize government handouts. But their own red-state supporters depend on these handouts. And the handouts are increasingly financed by the inhabitants of blue states.
The federal program Temporary Assistance for Needy Families — what we used to call “welfare” — is now tiny. It provides cash assistance to less than 1 percent of Americans.
But the Trump administration is proposing to lump many other social programs under a new agency with the word “welfare” in its title, in order to make Americans think we’re living in a vast welfare state.
gov2.0  politics  trump  state  money  taxes  welfare 
november 2018 by rgl7194
Following Trump's money exposes the awful truth: Our president is a 'financial vampire' - Los Angeles Times
Americans were confronted Tuesday with a profound problem, one that challenges our commitment to accountable democratic government and justice. It is an awful truth that we must face now that the New York Times has published a richly documented, 14,000-word expose alleging decades of deeply corrupt Trump family finances.
After 18 months of interviewing people who worked for or with the Trump family and scrutinizing more than 100,000 documents, the newspaper painted a portrait “unprecedented in scope and precision” of Trump family money, including “outright fraud” that enriched the man who is now the sitting president. Those extraordinary words require us to pay close attention.
trump  politics  money  corruption  finances  gov2.0  latimes 
november 2018 by rgl7194
Opinion | Get Sick, Go Bankrupt and Die - The New York Times
Let’s be honest: Despite his reputation as a maverick, John McCain spent most of his last decade being a very orthodox Republican, toeing the party line no matter how irresponsible it became. Think of the way he abandoned his onetime advocacy of action to limit climate change.
But he redeemed much of that record with one action: He cast the crucial vote against G.O.P. attempts to repeal the Affordable Care Act. That single “nay” saved health care for tens of millions of Americans, at least for a while.
But now McCain is gone, and with him, as far as we can tell, the only Republican in Congress with anything resembling a spine. As a result, if Republicans hold Congress in November, they will indeed repeal Obamacare. That’s not a guess: It’s an explicit promise, made by Vice President Mike Pence last week.
gov2.0  politics  health  insurance  obamacare  money  finances  nytimes 
november 2018 by rgl7194
Opinion | Why Corruption Matters - The New York Times
Remember all the news reports suggesting, without evidence, that the Clinton Foundation’s fund-raising created conflicts of interest? Well, now the man who benefited from all that innuendo is on his way to the White House. And he’s already giving us an object lesson in what real conflicts of interest look like, as authoritarian governments around the world shower favors on his business empire.
Of course, Donald Trump could be rejecting these favors and separating himself and his family from his hotels and so on. But he isn’t. In fact, he’s openly using his position to drum up business. And his early appointments suggest that he won’t be the only player using political power to build personal wealth. Self-dealing will be the norm throughout this administration. America has just entered an era of unprecedented corruption at the top.
The question you need to ask is why this matters. Hint: It’s not the money, it’s the incentives.
gov2.0  politics  money  corruption  trump  nytimes 
november 2018 by rgl7194
Tech giants that lifted stock market to historic highs now leading the way down - The Washington Post
The decade-long bull market that emerged from the Great Recession has produced jaw-dropping wealth from just a handful of megastar technology companies.
But the powerful tech wave has crashed in the past two months, shedding more than $1 trillion in value from the “FAANGs” — Facebook, Apple, Amazon, Netflix and Google — out of the $18 trillion in overall wealth created by stocks after the market’s bottom on March 9, 2009.
The Nasdaq composite index, where many tech companies trade, ended trading Tuesday down 1.7 percent, which is nearly 15 percent off its recent peak, on Aug. 30.
The Dow Jones industrial average lost 551 points, or 2.2 percent, to finish at 24,465. And the Standard & Poor’s 500-stock index fell 1.8 percent. Both have seen their 2018 gains erased.
Shaken investors are wondering whether the tech plunge represents a temporary re-pricing or some more serious vulnerability. In the worst case, it signals deeper trouble in the global economy.
stock_market  technology  economics  facebook  apple  amazon  netflix  google  money 
november 2018 by rgl7194
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