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? […]
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Posted inNonfiction, Reading List, Top 5
The Top 5 Longreads of the Week
Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist. Sign up to receive this list free every Friday in your inbox. * * * 1. The Worst Day Of My Life Is Now New York’s Hottest Tourist Attraction Steve Kandell | BuzzFeed | May 20, 2014 | […]
Posted inReading List, Top 5
The Top 5 Longreads of the Week
Photo: Richard Barnes *** Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist. Sign up to receive this list free every Friday in your inbox. *** 1. No Exit: ‘Your Feeling of Autonomy Is a Fantasy’ Gideon Lewis-Kraus | Wired | April 23, 2014 | 42 minutes […]
Posted inNonfiction, Quotes
The Big Problem with Financial Journalism
One great problem with financial journalism, especially in the decades leading up to the crash, has been that it’s often written in an argot understandable only to the already highly financially literate. Andrew Ross Sorkin doesn’t usually employ such specialized language. This has led to the mistaken belief that he’s explaining the industry to regular […]
Posted inNonfiction, Quotes
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 […]
Posted inUncategorized
A look at WBUK, an organization created in the United Kingdom to provide support for whistleblowers who often lose their jobs, families, reputations and mental health witnessing illicit activity and going public: Beyond them sit about two dozen people whose lives, like those of Foxley and Gardiner, have been transformed because they refused to look […]
Posted inUncategorized
In 2009, Brazil introduced “one of the boldest experiments in policing ever witnessed in the democratic world”—the Unidade de Polícia Pacificadora, or UPP—to rid its poorest neighborhoods from the grip of drug traffickers and violent militias before the 2014 World Cup and 2016 Olympics: ‘Everybody in Rio knew – every taxi driver, every senator, every […]
Posted inEditor's Pick
Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?
Programmer Sergey Aleynikov was sentenced to eight years in federal prison for downloading 8 megabytes of code he worked on from Goldman Sachs’s high-frequency stock-trading system. Financial journalist Michael Lewis investigates how Aleynikov was punished for something only a few people understand, and holds a “kind of second trial” for Aleynikov so he can be […]
Posted inEditor's Pick
The Last Mystery of the Financial Crisis
How corruption inside the ratings agencies played a critical role in the financial crisis: “In incriminating e-mail after incriminating e-mail, executives and analysts from these companies are caught admitting their entire business model is crooked. “‘Lord help our fucking scam . . . this has to be the stupidest place I have worked at,’ writes one Standard & Poor’s […]
