economy

More Young Adults Live With Their Parents Than With Their Partners, According To Study Baby Boomers Will Use Against You

Indicator of a nation’s affordable housing crisis or the vile sense of entitlement of its youth? More »


Why This Woman’s Angry Reaction To A Man Using Food Stamps At Walmart Was As Ignorant As It Was Rude

Oh, and did I mention she shamed the man right in front of his own children? More »


Monopoly Is Getting Rid Of Cash And Bankers But Keeping The Economic Dread

In a move to modernize the game of Monopoly, Hasbro is exchanging its iconic Monopoly money for fake payment cards that players will use, much like debit or credit cards. Although this new contactless form of payment might more accurately portray the way we buy and sell property now, it completely drains the game of… More »


5 Reasons Not To Default On Your Student Loans

Plus, a radically different hypothetical for what would happen if you did than Lee Siegel posed in his NYT op-ed on defaulting. More »


Watch This Series On The Reality Of Gay Conversion Therapy

VICE has finished up its three-part series on gay conversion therapy. [VICE]
Erskine College in South Carolina has issued a statement that it is officially anti-gay, after two volleyball players came out at the college. [RawStory]
The U.S. Department of Education has found the New York Public Schools in violation of Title… More »


Study: No, That Art Degree Does NOT Mean You’ll Be Poor Forever

With the economy in such a dismal state, mocking people with art degrees has practically become a national pastime. After all, it gives everyone else a way to feel smug as they melt into financial ruin at the ripe age of 23. “Sure, things are shitty,” they muse. “It’s true that I have to move… More »


President Obama Nominates Janet Yellen As First-Ever Woman To Run The Federal Reserve

President Obama announced today he has nominated Janet Yellen as chairman of the Federal Reserve. She currently serves as vice chair of the Fed and is a professor at University of California, Berkeley. If confirmed by the Senate, Yellen would be the first woman to run the Fed. [Politico]
On Yellen and the… More »


Obama To Name Janet Yellen As Chairman Of The Federal Reserve: Sources

Federal Reserve Vice Chairman Janet Yellen will almost certainly be nominated by President Obama to lead the Fed, according to sources of the Washington Post. [Washington Post]
Oklahoma Governor Mary Fallin has thumbed her nose at the Pentagon’s instructions and has blocked military benefits for same-sex couples from being processed in the state. More »


Paul Ryan: 12 Things To Know About Mitt Romney’s VP Pick

Happy Saturday, folks! Did you hear? Mitt Romney has announced his running mate for the presidential election — Congressman Paul Ryan (R-WI). Let’s get to know him, shall we? … More »


More Men Are Moving Into “Pink Collar” Professions

Once upon a time, a male kindergarten teacher or a male nurse was an oddity, even a novelty. But changing gender roles — and a turned-on-its-head economy — mean that more men than ever are working in what were previously considered to be “pink collar” jobs.

In an article about the trend today,… More »


The Millennial Generation Is Spending More Money Than Ever On Luxury Goods

We’re broke, we’re unemployed, we owe student loans, we’re living off our parents, we have degrees in things like English and Philosophy, we’re unprecedentedly narcissistic, and as if we couldn’t get any more charming, all the money we do have we spend on luxury goods: welcome to Generation Y, bitches! The millennial epoch, composed of… More »


Everything You Want To Know About The Economy In 2011

With the slippery slope that’s been the economy, we all want to know how to avoid getting our businesses buried in an avalanche. Lucky for us, JWT Intelligence has broken down the big picture of 2011 commerce trends into an amazingly cool cartoon. Wow, who knew economics could be so entertaining? … More »


Money 101: How To Help Your Parents Through The Recession

It seems like the floundering economy has taken its toll on everyone in some way or another. Maybe you ended up in the unemployment line, or maybe your pantry’s stocked with nothing but store-brand food. And while the financial environment may have led you to cringe whenever you look at your checking account statement, our… More »


Money 101: How To Make The Most Of Reverse Empty-Nesting

Sometimes when you hit rock bottom, there’s only one place to go – back home with Mom and Dad. As layoffs and overwhelming debt are knocking members of our generation on their asses, many are flocking home to the safety net they couldn’t wait to escape at age 18. There isn’t any shame in going… More »


Want A Smartphone With That? American Eagle To Offer Free Phones

Do you ever shop at American Eagle? (We stopped sometime after we realized we don’t belong to a fictional rugby team.) If you don’t frequent the all-American retailer, you might want to start. Come July 21, AE will be offering free smartphones to customers who “try on the company’s jeans,” says the Wall Street Journal. More »


Rich People Shop At Kohl’s?

There are two types of wealthy people. Those who go on reality television to show off their private jets and bling and Caribbean estates. And then there are rich people who are also cheapskates, and won’t spend money on peculiar things, like clothes. (Come to think of it, Daddy Warbucks did wear pretty much the… More »


Sign The Economy Is On The Up? Black Is Out, Bold Is In

When the economy hit its first slump, the fashion industry became one of the many lenses through which we measured the damage. So, it’s only natural to gauge the recession’s overall improvement by monitoring positive changes in the fashion world. Today, The New York Times asserts that a resurgence of bright, bold clothing is a… More »


Chic Young Things Are Investing In Luxury Weaponry

The fashion industry might be speeding straight into an iceberg à la the Titanic, but apparently there’s one consumer market that’s beginning to thrive in this crappy economy: luxury guns. Gunmaker Purdey & Sons is responding to this by increased production on a new model, which is described as “entry level.” From a Bloomberg report… More »


I’ve Lost My Passion For Shopping

I don’t know what’s happened to me. I used to love shopping. Next to having sex, drinking, and eating great food with friends, shopping used to rank pretty high on my list of activities that make me happy.

And no, I was never one of those girls who “bought to fill the void” More »


Does Shopping Make You Feel Guilty?

The retail industry is getting pretty desperate these days—how many more special events and functions will we see that scream “Oooo! Please, please come shop in our store!” According to the Wall Street Journal, the latest tactic in trying to woo the recessionary customer is to assuage shoppers’ guilt.

In some cases, this… More »


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