Secret, which aimed to attract college students, will shut down after raising $35 million in 2014.
Excesses in capital, labor and commodities are challenging some of the basic principles of conventional economics.It ought to be a good thing that human society is richer than ever before, so rich that the storage tanks in Cushing, Okla., are nearly overflowing with crude oil and some 110 million bales of cotton are sitting in warehouses around the world, as Josh Zumbrun and Carolyn Cui report in The Wall Street Journal.
It wasn't what Ron Dorff said. It was how he said it. The 83-year-old Woodland Hills resident wanted to let me know he was having problems with his phone company, AT&T. I get calls like this every day. But Dorff's desperation was clear. I could hear it in his voice. "It's the bill," he explained. "The company says I have to pay it. I can't pay this bill." I asked how much it was for. "Twenty-four thousand dollars," Dorff replied. Clearly something screwy was going on.
You wouldn't steal a car, you wouldn't steal a handbag, you wouldn't steal a television. But what about downloading pirated films? Is intellectual property infringement really morally equivalent with common theft, such as snatching someone's handbag? Read philosopher Christian Barry's take on this issue.
Banking fees are going up at all of Canada's five big banks, but some customers of RBC in particular are outraged about the changes. They're accusing Canada's biggest bank of targeting children and those who can least afford it.
Every so often, in a bid to sound threatening, a member of Congress has vowed to revoke the NFL's tax-exempt status. Now Commissioner Roger Goodell says the league will give it up voluntarily to "eliminate this distraction." One result is that Goodell's compensation — about $35 million 2013, and approximately $44 million in 2012 — will no longer need to be made public.
There’s a war on now in South African cities, but no one’s calling it what it is. South Africans, mostly Zulu, are attacking shops run by foreigners, driving the aliens (mostly Zimbabwean, Somali, …