Search Results for: Banking

How the Emperor Became Human (and MacArthur Became Divine)

The sun goddess Amaterasu, the divine ancestor of the Emperors of Japan, emerging from a cave. Via Wikimedia Commons.

Victor Sebestyen | 1946: The Making of the Modern World | Pantheon Books | November 2015 | 23 minutes (6,202 words)

Below is an excerpt from 1946, by Victor Sebestyen, as recommended by Longreads contributing editor Dana Snitzky.  Read more…

How Women Are Taking the Legal Weed Industry into the Future

“On account of its federal status [as a Schedule I drug], most big law firms don’t want to touch weed,” [attorney Amanda] Connor explains. “Ethically, lawyers aren’t supposed to give advice about illegal activities. Major firms are afraid to lose clients.” Her boutique firm may be the only one in the country that takes marijuana providers through the entire byzantine process, from licensing to opening a shop.

Another renegade is Boulder, Colorado-based marijuana tax law attorney Rachel Gillette. She recently sued the IRS—and won—on behalf of a client who was denied an abatement of a 10 percent penalty for paying his taxes in cash. But cash was the only option: Because of federal law, marijuana enterprises deal only in cash, as banks shun them. “It’s a difficult situation for many marijuana businesses, with regard to banking,” says Gillette. “Most banks do not take marijuana business accounts, even in states where it is legal. They can’t afford the compliance cost. It’s too risky.” So far, Gillette has been the only marijuana attorney to beat the IRS on this issue.

Gogo Lidz, writing in Newsweek about how female medical personnel, scientists, strategists and investors are advancing America’s booming weed business and rapidly shifting it from a male dominated industry.

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‘I Would Prefer Not To’: The Origins of the White Collar Worker

Photo via simpleinsomnia

Nikil Saval | Cubed: A Secret History of the Workplace | Doubleday | April 2014 | 31 minutes (8,529 words)

 

Below is an excerpt from the book Cubed, by Nikil Saval, as recommended by Longreads contributor Dana Snitzky.

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I have known the inexorable sadness of pencils…

—Theodore Roethke, “Dolor”

The torn coat sleeve to the table. The steel pen to the ink. Write! Write! Be it truth or fable. Words! Words! Clerks never think.

—Benjamin Browne Foster, Down East Diary (1849)

They labored in poorly lit, smoky single rooms, attached to merchants and lawyers, to insurance concerns and banks. They had sharp penmanship and bad eyes, extravagant clothes but shrunken, unused bodies, backs cramped from poor posture, fingers callused by constant writing. When they were not thin, angular, and sallow, they were ruddy and soft; their paunches sagged onto their thighs. Read more…

Curtis Sittenfeld’s ‘Prep,’ 10 Years Later

Sari Botton | Longreads | March 2015

 

It’s hard to believe it’s been ten years since Prep, Curtis Sittenfeld’s debut novel, was first published. And not just because the passage of time, in hindsight, is always kind of baffling, but because I have thought about that book so regularly it seems my brain only just first absorbed it. Read more…

The Rise and Fall of John DeLorean

Suzanne Snider | Tokion | June/July 2006 | 12 minutes (2,918 words)

This story by Suzanne Snider—which details the fantastical rise and fall of John DeLorean, a former titan of the American automotive industry—first appeared in the June/July 2006 issue of Tokion. Snider is the founder/director of Oral History Summer School, and she is currently completing a nonfiction book about rival communes on adjacent land. Our thanks to Snider for allowing us to feature it on Longreads.  Read more…

#Nightshift: Minneapolis

Excerpts from an Instagram essay, by Jeff Sharlet. See part one.

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The Honey Hunters

Michael Snyder | Lucky Peach | Summer 2014 | 20 minutes (4,960 words)

Lucky PeachOur latest Longreads Exclusive comes from Michael Snyder and Lucky Peach—a trip into the Sundarbans, where groups of honey hunters risk their lives in the forests to follow the ancient practice of collecting honey.
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More Punk, Less Hell!

Longreads Pick

An extraordinary political experiment took place in Iceland: anarchists governed the capital city of Reykjavik for four years – and the amateurs achieved some astonishing successes.

The Best Party emerged from an idea for a sketch show. In 2008, Gnarr created a slimy politician character who promised everything. The concept died when crowds demonstrated in front of parliament after the banking crash: the times were too serious for jokes.

But Gnarr liked his weasely politician character. Sure, he was a rogue, but a cheery one. So Gnarr uploaded a few clips to Youtube. The clips were popular, so he created a website with a parody of a party. He called it the Best Party and promoted it with the compelling slogan: «Why vote for second-best when you can have the best?»

Source: Tages Anzeiger
Published: Jun 18, 2014
Length: 16 minutes (4,040 words)

The Revolt of the Cities

Longreads Pick

During the past 20 years, immigrants and young people have transformed the demographics of urban America. Now, they’re transforming its politics and mapping the future of liberalism.

Pittsburgh is the perfect urban laboratory,” says Bill Peduto, the city’s new mayor. “We’re small enough to be able to do things and large enough for people to take notice.” More than its size, however, it’s Pittsburgh’s new government—Peduto and the five like-minded progressives who now constitute a majority on its city council—that is turning the city into a laboratory of democracy. In his first hundred days as mayor, Peduto has sought funding to establish universal pre-K education and partnered with a Swedish sustainable-technology fund to build four major developments with low carbon footprints and abundant affordable housing. Even before he became mayor, while still a council member, he steered to passage ordinances that mandated prevailing wages for employees on any project that received city funding and required local hiring for the jobs in the Pittsburgh Penguins’ new arena. He authored the city’s responsible-banking law, which directed government funds to those banks that lent in poor neighborhoods and away from those that didn’t.

Published: Apr 29, 2014
Length: 17 minutes (4,402 words)

Follow The Blood Money

Longreads Pick

Adam L. Penenberg investigates the international cash-for-martyrdom industry, wherein secret US banking operations help fund suicide bombers:

What struck Osen was how organized the whole process was: the banal evil of the international cash-for-martyrdom industry. After a suicide attack, a caseworker from one of Hamas’s social welfare institutions would sit down with family members and take down information on a standard set of forms. The documents resembled the kind of forms a mortgage applicant might fill out, except with a cover page that translates into something like “The Martyrs Receive Reward from their Lord, They and Their Light.” The caseworker recorded the applicant’s closest relatives, family income, number of dependents, whether they were particularly in need of money, as well as banking and contact information, including cell phone numbers and home address.

Source: pando.com
Published: Feb 23, 2014
Length: 2 minutes (600 words)