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Indentured Servitude, Money Laundering, and Piles of Money: The Crazy Secrets of Internet Cam Girls (NSFW)

A look at the women who work as “Internet cam girls,” and the criminal activity that may be occurring behind some of the cam networks: “‘Cam sites are ideal for laundering. The studios are being used to have girls online accepting a financed hand that uses ‘dirty’ money to buy the private time. The studio […]

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A New York Times Whodunit

Why was New York Times CEO Janet Robinson fired? A look inside the political battles and financial troubles that led Arthur ­Sulzberger to let Robinson go (with a $24 million exit package): “Interviews with more than 30 people who are intimately familiar with different aspects of the Times’ business (none but a spokesperson would speak […]

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The Doom Loop

The Bank of England’s Andrew Haldane on banking, risk and how to bring social and financial equity back into the system: “Consider the effects of the too-big-to-fail problem on risk-taking incentives. If banks know they will be bailed out, those holding their debt will be less likely to price the risk of failure for themselves. […]

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Trust Issues

Thanks to an eccentric New York lawyer in the 1930s, this college in a corner of the Catskills inherited a thousand-year trust that would not mature until the year 2936: a gift whose accumulated compound interest, the New York Times reported in 1961, “could ultimately shatter the nation’s financial structure.” The mossy stone walls and […]

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Canada! How Does It Work?

Friday’s vote took the form of a vote to hold the government in contempt of Parliament for failing to release financial projections about its purchase of 65 fighter jets and certain proposed anti-crime measures. This is the first time in Canadian history a government has been found in contempt of Parliament. But no one who […]

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