money-matters

Hamilton Nolan · 02/10/15 05:15PM

A new report (funded by the petroleum industry) says that universities that divest themselves of fossil fuel companies will end up losing money—0.7% a year lower returns, according to the report. Huh. No shit! If divestment gained you money, everyone would do it, and it would have no god damn point.

Hamilton Nolan · 02/06/15 02:26PM

"Since the start of the global financial crisis at the end of 2007, the total debt worldwide has risen by $57 trillion, rising to 286 percent of global economic output from 269 percent." That's an extra $19,000 in debt for every person one earth (which means nothing)!

Hamilton Nolan · 01/26/15 03:52PM

"In the late 1960s, more than half [53%] of the households in the United States were squarely in the middle, earning, in today's dollars, $35,000 to $100,000 a year... But since 2000, the middle-class share of households has continued to narrow [to 43%], the main reason being that more people have fallen to the bottom."

Microlending Isn't All It's Cracked Up to Be

Hamilton Nolan · 01/22/15 03:50PM

Not long ago, "microlending" was the world's hottest poverty-fighting tactic—the UN even declared 2005 to be the "International Year of Microcredit." Now, a barrage of new studies say that microcredit isn't as great as everyone thought it was.

Made Fairly Is Better Than "Made in the USA" 

Hamilton Nolan · 01/14/15 11:46AM

For a while, it was very en vogue for American retailers and corporations to tout that their products (or some of them) were Made in America. That trend is reportedly coming back into fashion. But "buying American" is not the best way to be a good global citizen.