Everyone in the room knew about leveraged buyouts, often called LBOs. In an LBO, a small group of senior executives, usually working with a Wall Street partner, proposes to buy its company from public shareholders, using massive amounts of borrowed money. Critics of this procedure called it stealing the company from its owners and fretted […]
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Posted inBooks, Nonfiction, Story
King-Killers in America (and the American Who Avenged the King)
When Charles II regained the throne, he launched a global manhunt for the judges who had sentenced his father to death.
Posted inBooks, Nonfiction, Quotes
The U.S., China and the ‘Financial Balance of Terror’
This month, Britain, Germany, France, Italy, South Korea, and a handful of other U.S. allies announced plans to join the new China-led Asian Infrastructure Investment Bank, despite American pressure not to. The multilateral fund is essentially China’s answer to the World Bank and the Asian Development Bank, organizations where the U.S. has long had more influence than China. China has […]
Posted inEditor's Pick
Is Wall Street Making a Killing off Cities’ Debt?
An illustrated look at how cities became indebted to Goldman Sachs.
Posted inNonfiction
The Life and Murder of Stella Walsh, Intersex Olympic Champion
Eighty years ago, in Berlin, Stella Walsh won her second Olympic medal. Decades later, Walsh’s murder and subsequent autopsy threw the legacy of track’s first female superstar into turmoil.
Posted inEditor's Pick
In Vino Veritas. In Napa, Deceit.
After opening a fancy winery a California vintner finds himself deeply in debt. What happened next—falsely bottles, stolen grapes, and criminal charges—have shaken an industry “built on romance, expensive land, hard labor and a whole lot of faith.”
Posted inNonfiction, Reading List
Four Stories About Disordered Eating
(TW: eating disorders, weight loss, body image.)
Posted inNonfiction, Reading List
Four Stories About Disordered Eating
(TW: eating disorders, weight loss, body image.)
