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Financial News from The New Yorker

  • Workers, Decorate! @ The New Yorker - Thu, Apr 17, 2014 9:01 AM EDT

    My first job in New York was on the ninth floor of an office building on Fifth Avenue, where, in keeping with the insignificance of my position, my desk was situated not inside an office or a cubicle, ...

  • The Amazing Tale of the Cherry Pit from Space @ The New Yorker - Wed, Apr 16, 2014 5:35 PM EDT

    Everyone loves a mystery, and if it comes from outer space so much the better. It’s no wonder, therefore, that stories have been popping up everywhere over the past few days about a cherry tree that has ...

  • Woman, Man, Bourbon @ The New Yorker - Wed, Apr 16, 2014 4:15 PM EDT

    During Sunday night’s season première of “Mad Men,” Woodford Reserve, a respected, mid-shelf bourbon, kicked off a new national ad campaign with a thirty-second spot entitled “ Bookshelf .” It features ...

  • The Virtual Moleskine @ The New Yorker - Wed, Apr 16, 2014 11:00 AM EDT

    The iconic Moleskine notebook features an elastic closure; a hard, thick, black cover; slightly rounded corners; a bookmark ribbon; and an expandable inner pocket with a booklet inside containing Moleskine’s ...

  • The Commercial Allure of the Eighties @ The New Yorker - Tue, Apr 15, 2014 12:36 PM EDT

    A new commercial for Taco Bell opens with an actor with shaggy, Don Johnson hair, in a white oversized blazer with shoulder pads, pulling a McDonald’s sandwich from a paper bag. To the tune of “Old MacDonald,” ...

  • The Venezuelan Air-Travel Paradox @ The New Yorker - Mon, Apr 14, 2014 3:04 PM EDT

    A couple weeks ago, Seberino Cordova, a sixty-four-year-old Venezuelan restaurant owner, boarded a bus in Caracas for a four-day journey that would take him over the Andean mountains, across the dicey ...

  • Is World Wrestling Entertainment Helping to Reinvent TV? @ The New Yorker - Fri, Apr 11, 2014 4:17 PM EDT

    When I was a child, I loved professional wrestling. In 1991, at the age of ten, I asked to stay up late with my father to watch my favorite wrestler, the Ultimate Warrior, battle against Randy Savage, ...

  • Kosher for Gentiles @ The New Yorker - Fri, Apr 11, 2014 1:43 PM EDT

    I grew up in a small town in rural Illinois, where Jews were few and far between. In a different part of the country, we’d hardly have counted as Jewish; my mother converted to Judaism before she married ...

  • Lean In’s Business-Friendly Message @ The New Yorker - Thu, Apr 10, 2014 8:01 PM EDT

    On Tuesday, Sheryl Sandberg, Facebook’s chief operating officer, published “Lean In for Graduates.” The book’s cover shows her smiling in diamonds and a white blouse. Put out by Knopf, this is an expanded ...

  • Cautiously Welcoming Our New Computer Overlords @ The New Yorker - Wed, Apr 9, 2014 1:37 PM EDT

    Last Friday, M.I.T.’s Initiative on the Digital Economy hosted a conference, in the basement of the Times building, on “The Second Machine Age,” a book by a pair of M.I.T. business-school professors, Erik ...

  • Beyond Buy-One-Give-One Retail @ The New Yorker - Tue, Apr 8, 2014 10:19 AM EDT

    Socially minded entrepreneurs have recently started favoring a “ buy one, give one ” business model: a customer buys your product, and you donate an equivalent item to someone in need. Warby Parker and ...

  • The Puzzle in the Dewey & LeBoeuf Indictments @ The New Yorker - Sun, Apr 6, 2014 6:07 PM EDT

    The spectacular collapse of Dewey & LeBoeuf , the Manhattan law firm whose demise I chronicled in The New Yorker last year, has reached the criminal-indictment stage. As I pointed out in a recent blog ...

  • Honey Maid and the Business of Love @ The New Yorker - Sat, Apr 5, 2014 3:41 PM EDT

    For a long time, prejudice made a certain business sense. You could argue that it was immoral or wrong; others insisted that it was moral and godly. But there was little dispute about the business piece ...

  • Is a Corporation Like a Church? @ The New Yorker - Sat, Apr 5, 2014 2:10 PM EDT

    Last week, the Supreme Court heard oral arguments in Sebelius v. Hobby Lobby and Conestoga Wood v. Sebelius . In both cases, for-profit corporations have challenged the Affordable Care Act’s requirement ...

  • How Mozilla Lost Its C.E.O. @ The New Yorker - Fri, Apr 4, 2014 5:37 PM EDT

    When Brendan Eich stepped down as the C.E.O. of Mozilla, on Thursday, after a mere two weeks on the job, it was perhaps the least surprising C.E.O. departure ever. Eich was one of the co-founders of Mozilla—which ...

  • Can International Students Save U.S. Public Schools? @ The New Yorker - Thu, Apr 3, 2014 11:01 PM EDT

    On a frigid Thursday evening in February, more than two hundred and fifty residents of Valparaiso, Indiana, gathered for a school-board meeting in the cafeteria of Benjamin Franklin Middle School. The ...

  • Fire TV, and Amazon’s Commitment to Consumption @ The New Yorker - Wed, Apr 2, 2014 7:57 PM EDT

    Amazon has unveiled a new device for your television. It’s called Amazon Fire TV. In the industry, it’s known as a set-top box. It’s black, about the size of a ham sandwich, and extremely powerful. It ...

  • Marketing “Real” Bodies @ The New Yorker - Tue, Apr 1, 2014 2:40 PM EDT

    One recent evening, on Park Avenue, in Manhattan, fashion editors lined a white runway in the Seagram Building as models walked past on high heels, wearing embroidered eyelet jackets and lace cocktail ...

  • To Fix California’s Problems, an Investor Suggests Breaking It Up @ The New Yorker - Sat, Mar 29, 2014 4:46 PM EDT

    At a talk in San Francisco on Tuesday night, Tim Draper, a venture capitalist, discussed his proposal to split the state of California into six and thus resolve what he sees as its chronic mismanagement. ...

  • Why Used Video Games Are Such a Big Business @ The New Yorker - Fri, Mar 28, 2014 8:36 PM EDT

    Last June, Microsoft, which so often features land mines in its games, learned how it feels to step on one. The company’s gaming division announced that a game’s license could be transferred from one owner ...

  • Venezuela’s Attempted Currency Cure @ The New Yorker - Fri, Mar 28, 2014 7:07 PM EDT

    For years, visitors entering Venezuela through the Maiquetía airport, near Caracas, have been met with the same call from money traders: “ Dólares, dólares? ” The hawkers are after visitors’ American money—or ...

  • The Afterlife of Pia Farrenkopf @ The New Yorker - Thu, Mar 27, 2014 1:51 PM EDT

    Sometime in early 2009, Pia Farrenkopf died in the back seat of her Jeep, which was parked in the garage of her home. Around her, life in the suburban community of Pontiac, Michigan, went on. No one knew ...

  • Murdoch’s Missing Daughter @ The New Yorker - Wed, Mar 26, 2014 12:44 PM EDT

    A prominent name is missing from Wednesday’s announcements that Rupert Murdoch is elevating his sons, Lachlan and James Murdoch, within News Corp. Lachlan, who is forty-two, will be the non-executive co-chairman ...

  • What Is Facebook Trying to Tell Us About Oculus? @ The New Yorker - Wed, Mar 26, 2014 9:32 AM EDT

    I cannot have been the only one who was less than totally enthralled upon seeing photos, on Tuesday evening, of people wearing headsets made by Oculus VR. Facebook had just agreed to spend two billion ...

  • A Better Way to Buy Bitcoin? @ The New Yorker - Tue, Mar 25, 2014 6:30 PM EDT

    When Zach and Josh Harvey opened a guitar store in Tel Aviv, in 2006, they only sold instruments made by musicians who viewed the pieces as works of art. To the brothers, who were twenty-six and thirty-two ...

  • Enjoy the Silence @ The New Yorker - Fri, Mar 21, 2014 3:40 PM EDT

    In a TV advertisement for Beats by Dre headphones, the 49ers quarterback Colin Kaepernick pulls up in a bus to a crowd of angry people. “You suck!” a young woman yells, as others throw objects at his window. ...

  • Making Money: The Holographer @ The New Yorker - Thu, Mar 20, 2014 12:43 PM EDT

    It’s not an easy time to be a holographer—a maker of images, crafted with laser light, that appear three-dimensional. A lot of the equipment needed has become cheaper and more readily available; at the ...

  • Putting a Sports Drink on the Moon @ The New Yorker - Wed, Mar 19, 2014 3:53 PM EDT

    On October 21, 2001, a pair of Russian cosmonauts boarded a Soyuz TM-33 rocket for the International Space Station, which orbits Earth two hundred and thirty miles above its surface. They were on a mission ...

  • Another Oil-Sands Challenge: Transporting Equipment @ The New Yorker - Tue, Mar 18, 2014 5:46 PM EDT

    Not long ago, on U.S. Highway 12 in Montana, a giant, empty blue box sat at the Lodge at Lolo Hot Springs. Seven miles from the Idaho border, it had ended up beside the horseshoe pit and the badminton ...

  • The Doctor Will See You Onscreen @ The New Yorker - Mon, Mar 17, 2014 6:30 PM EDT

    One night last summer, when I was working as a medical student in an emergency room, a woman pulled me aside. Her left eye was pink and looked painfully irritated. She had been waiting for hours to get ...

  • American Ads, American Values @ The New Yorker - Fri, Mar 14, 2014 6:12 PM EDT

    Neal McDonough is one of those actors who send you scrambling to the Internet whenever they turn up—you recognize him, but you’re not sure why. In the Cadillac commercial “ Poolside ,” which first aired ...

  • The Downtrodden Landlord @ The New Yorker - Fri, Mar 14, 2014 10:02 AM EDT

    In January, a San Francisco tenants-rights group called the Anti-Eviction Mapping Project published a list of twelve “serial evictors” called the “Dirty Dozen.” The list included the addresses, photos, ...

  • The Boy Scouts’ Image Problem @ The New Yorker - Thu, Mar 13, 2014 5:35 PM EDT

    My father is a lifelong Boy Scout, and when I was a child he insisted that I join scouting, too. As a budding feminist, I insisted on becoming a Boy Scout, which seemed rebellious and cool. My parents ...

  • What’s Candy Crush Really Worth? @ The New Yorker - Wed, Mar 12, 2014 5:05 PM EDT

    On Wednesday, King Digital Entertainment, the mobile-gaming company that makes Candy Crush Saga (which I wrote about in the magazine this week), set the terms for its coming I.P.O. Its projected valuation ...

  • Are Malls Over? @ The New Yorker - Tue, Mar 11, 2014 1:49 PM EDT

    When the Woodville Mall opened, in 1969, in Northwood, Ohio, a suburb of Toledo, its developers bragged about the mall’s million square feet of enclosed space; its anchor tenants, which included Sears ...

  • Branding Arthur Chu @ The New Yorker - Mon, Mar 10, 2014 9:31 PM EDT

    As of Monday night, Arthur Chu has won more “Jeopardy!” games than nearly anyone else on earth. Only two people have surpassed his ten victories, and Chu has amassed more than two hundred and seventy-seven ...

  • In Dewey’s Wreckage, Indictments @ The New Yorker - Fri, Mar 7, 2014 7:14 PM EST

    Many law firms have failed over the years, but none as spectacularly as Dewey & LeBoeuf, the namesake “global super firm” of the former Republican Presidential nominee Thomas E. Dewey. As I noted in my ...

  • The Scrape: Life Among Venezuela’s Have-Nots @ The New Yorker - Thu, Mar 6, 2014 3:09 PM EST

    When I met Marisela Méndez in San Cristóbal, Venezuela, not far from the country’s border with Colombia, she showed me her palm. More than seven hours earlier, someone had scrawled “1,296” on it in black ...

  • What’s the Problem with Google Glass? @ The New Yorker - Tue, Mar 4, 2014 9:02 PM EST

    I remember listening to music on my iPhone one morning in the salty, rust-tinged gym at the Dolphin Club, one of the oldest swimming and boating clubs in San Francisco. An elderly man in a Speedo tapped ...

  • The End of Got Milk? @ The New Yorker - Fri, Feb 28, 2014 4:19 PM EST

    In October of 1993, the California Milk Processor Board, with the help of the advertising agency Goodby, Silverstein & Partners, launched a TV ad called “Aaron Burr,” about a history buff who couldn’t ...

  • The Case of the “Million-Dollar” Broken Vase @ The New Yorker - Fri, Feb 28, 2014 12:00 AM EST

    When a local artist intentionally shattered a vase, last week, at the Pérez Art Museum Miami’s ongoing Ai Weiwei retrospective, most journalists predictably focussed on the price of the destroyed work, ...

  • A WhatsApp Rival Goes Beyond Messaging @ The New Yorker - Thu, Feb 27, 2014 3:24 PM EST

    Last Saturday, a couple of days after Facebook announced that it would purchase the messaging app WhatsApp for nineteen billion dollars, the servers that allow WhatsApp’s four hundred and sixty-five million ...

  • The Bank and the Anti-Bank @ The New Yorker - Wed, Feb 26, 2014 6:00 PM EST

    Last week, the banking group BBVA bought a personal-banking startup called Simple for a hundred and seventeen million dollars. Simple is a banking service that bills itself as a kind of anti-bank—no overdraft ...

  • Bitcoin After the Mt. Gox Meltdown @ The New Yorker - Tue, Feb 25, 2014 8:32 PM EST

    Bitcoin is having a bad day. Mt. Gox, once the world’s foremost bitcoin exchange, an online platform where people trade the digital currency for U.S. dollars, is gone—at least for now, and perhaps for ...

  • Writing Powered by Amtrak @ The New Yorker - Mon, Feb 24, 2014 3:54 PM EST

    In December, the novelist Alexander Chee mentioned in an interview that he likes to write on trains. “I wish Amtrak had residencies for writers,” he said, referring to the programs that house, and sometimes ...

  • Should Universities Profit From Student Research? @ The New Yorker - Mon, Feb 24, 2014 12:01 AM EST

    In 2011, Mayor Michael Bloomberg announced that Cornell University and Israel’s Technion would jointly open a new school on Roosevelt Island to help boost New York’s tech sector. The first buildings of ...

  • How Dick Cabela Sold the Great Outdoors @ The New Yorker - Fri, Feb 21, 2014 4:57 PM EST

    The origin tale of Dick Cabela, who founded the outdoor-goods chain Cabela’s, and who died this week, at the age of seventy-seven, begins with fishing flies. In 1961, according to company lore, Cabela ...

  • In Sochi, the Mark of a Russian Vodka Oligarch @ The New Yorker - Fri, Feb 21, 2014 8:02 AM EST

    Two weeks into the Sochi Olympics, NBC has playfully covered its on-air personalities knocking back shots of vodka, and journalists have soberly chronicled the Games’ astronomical price tag of some fifty ...

  • Interactive: Wealth, Equality, and Olympic Success @ The New Yorker - Thu, Feb 20, 2014 5:30 PM EST

    The Winter Olympics are inherently unequal. Most of the sports require cold weather (or, at least, easy access to it), as well as snow. There may be lugers from India, but they don’t win . There are a ...

  • The Facebook of the Future @ The New Yorker - Thu, Feb 20, 2014 2:40 PM EST

    When Facebook reported its latest earnings results, less than a month ago, Mark Zuckerberg, its C.E.O., got on a call with analysts and, in an understated tone, laid out a vision for the future that sounded ...

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