On acquiring and paying off a six-figure student debt load: The amount of money my parents and I were loaned was actually higher than $116,499—$124,141, to be exact—but my parents had been making monthly payments for years, whittling thousands off. In the end, we had decided to take loans out for seven semesters—all but my […]
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Yonkers, Housing Desegregation and the Youngest Mayor in America
The true story behind the HBO miniseries “Show Me a Hero.”
Can Time Inc. Save Itself By Becoming the Next Facebook?
When [Joe] Ripp first discussed taking the CEO job with Bewkes, he said that Time Inc. needed to stop thinking of itself as a magazine company. But what exactly Time Inc. will become depends on who is talking. Ripp tells me it will be a significant player in video. (The company has backed the online […]
The Part of Culinary School Nobody Tells You About
Laurie Woolever, in The Billfold, on how she ended up becoming Anthony Bourdain’s assistant: With my dad’s help, I took out a loan and did a 6-month professional course at the French Culinary Institute, while continuing to work part-time for the family for a few months. I soon learned that I was poorly equipped to […]
The Financial Reality of a $200,000 Book Advance
In 2008 I sold a book-in-progress for $200,000 ($170,000 after commission, to be paid in four installments), which still seems to me like a lot of money. At the time, though, it seemed infinite. The resulting book—a “paperback original,” as they’re called—has sold around 8,000 copies, which is about a fifth of what it needed […]
Rage Against the Machines
FarmVille’s mimicry of the economically obsolete production unit of the family farm, in short, proved all too apt—like the hordes of small farmers sucked into tenantry and debt peonage during the first wave of industrialization in America, the freeholders on FarmVille’s vast virtual acreage soon learned that the game’s largely concealed infrastructure was where all […]
Who Gets to Graduate?
High-achieving students from low-income families often don’t make it through college. Why? There are thousands of students like Vanessa at the University of Texas, and millions like her throughout the country — high-achieving students from low-income families who want desperately to earn a four-year degree but who run into trouble along the way. Many are […]
The Gothic Life and Times of Horace Walpole
Two-hundred and fifty years ago, Horace Walpole published ‘The Castle of Otranto,’ a strange, campy book that’s widely considered to be the first Gothic novel. In real life, Walpole’s family was beset by tragedy and his life’s obsession was a Gothic castle called Strawberry Hill.
The Virtual Swindle of the New Breed of Video Games
When pay-to-play becomes pay-to-win, the classic model of video games—paying for time or access to the game—turns into something much more insidious. In The Baffler, game designer Ian Bogost asks us to consider which extracts a higher social cost: the explicit violence of Grant Theft Auto, or the addiction and sly financial drain of Candy Crush? […]
Buried Alive in a Grain Silo
Grain-bin accidents have become a consequence of our massive corn consumption.
