The Billion Names of Powerball

The Powerball jackpot is now up in imaginary number territory — $1.6 billion. And according to early reports, there appear to be three winning tickets in California, Tennessee, and Florida. Whenever lottery payouts get crazy high there’s always a flurry of news stories about it. All the local Stop’N’Gulps are swarmed by reporters interviewing the hopeful ticket buyers, and we engage More …

Days My Stocks Are Up vs. Days My Stocks Are Down

My mood often depends on how the stock market is doing. Days my stocks are up: Days my stocks are down:

The Morality of Profit

Jeff Carter explains that profits aren’t evil: People have taken the “money is the root of all evil” line out of the Bible and turned it into, “do what you feel passionate about; don’t worry about the money.” (for the religious types out there, I know that isn’t the actual line, but it’s how people quote it)  Sorry.  Wrong attitude. More …

If Greed is Good, Maybe it’s not Greed

Jeff Carter in support of what used to be called “achievement” but is now called “greed”: The assault on greed in the past several years has been astounding. It’s morphed into an assault on capitalism. But, the people behind the assault hated capitalism and are just using “greed” to try and destroy a capitalistic system.  Greed in the biblical sense corrupts. More …

Christians and Tipping

The subject of Christians and tipping is back in the public eye, thanks to that pastor who not only left no tip but threw in a dumb, insulting note besides. If you’re not up to speed, here’s some coverage from the Consumerist: Earlier this week, we posted a story about a restaurant customer who not only chose to deny the More …

The 4 Ways Money Can Be Spent and the Indiana Jones Scale of Morality

Milton Friedman had a legendary explanation of the four ways that money can be spent. Here’s the great man elaborating on the concept: It’s an elegant explanation of why it’s dumb to try to funnel everything through a central government and expect good results to come out the other side. But Friedman’s explanation focuses on efficiency and value, two concepts More …

Vince Young: A More Athletic M.C. Hammer

Former pro football player Vince Young (“Former”? Wow, that career went by fast, huh?) is almost broke. How did he get that way? Among other things, by spending $5000 dollars a week at the Cheesecake Factory: According to Clay Travis, Vince Young spent $5,000 a week at the Cheesecake Factory. This report came from the 2006 season, when the rookie More …

Is There Such a Thing as a "Risk Premium"?

One author says no, there isn’t. And so you should stop betting on all those long shots: I think the example of horse racing probably explains this best. Researchers have found that betting on the long-shot has had the worst payoff. My guess is that in any given race, the long-shot will draw interest from bettors who simply want to More …

Now If They Could Just Get Off Facebook for Five Minutes and Get a Job

A new Facebook game aims to teach 20-somethings about financial responsibility: Kicked Out’s storyline begins as you are forced to leave your parents house. In order to survive, you must manage your personal finances and make long-term decisions while avoiding debt traps. Players learn how to take a loan, avoid debt, check balances on a regular basis and not overspend More …

The World’s Most Accurate Shoes

There’s been a minor kerfuffle over these new Adidas (when I try to spell it, I think back to 6th grade when my friend John pointed at his new Adidas-logo’d shirt and said, “All Day I Dream About Sex! Snort! Get it?!” Anyways…) shoes that you chain to your ankles with plastic leg irons (or leg plastics, I guess). Apparently, More …