Tag: finance

I Worked at Capital One for Five Years. This Is How We Justified Piling Debt on Poor Customers.

The first thing you should know about a woman I know, who I’ll call Annie, is that she volunteers to sit at the hospital with people who are going to die alone, who have no family or friends to be with them during their last moments. “It’s obviously sad,” she told me, “but I feel […]

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The Cost of Ownership: Financing a Car Hasn’t Gotten Any Cheaper, Says AAA

<img data-attachment-id="1689996" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784.jpg" data-orig-size="1000,667" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="dealership dude" data-image-description=" Image: F8 Studio/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-610×407.jpg” class=”aligncenter size-large wp-image-1689996″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/09/shutterstock_1512316784.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> The American Automobile Association (AAA) suggests that long-term loans are encouraging ownership costs of new vehicles to […]

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Crash Course

Nearly two decades before Boeing’s MCAS system crashed two of the plane-maker’s brand-new 737 MAX jets, Stan Sorscher knew his company’s increasingly toxic mode of operating would create a disaster of some kind. A long and proud “safety culture” was rapidly being replaced, he argued, with “a culture of financial bullshit, a culture of groupthink.”
 […]

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Money’s Evolution is Built on Trust. Can Crypto Follow?

This story is part of Techonomy’s original series about the evolution of money. Money is mankind’s greatest innovation. It’s the grease that keeps technology’s wheels churning, enables entrepreneurs to thrive, corporations to scale, and global markets to connect. To appreciate money’s evolution, it’s essential to understand it as being driven by trust. Textbook definitions explain […]

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Ford and GM Prep for Economic Hardship

<img data-attachment-id="1684824" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg" data-orig-size="1000,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="ford mustang chevrolet camaro" data-image-description=" Sergey Akhrameev/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” class=”aligncenter size-large wp-image-1684824″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” alt width=”610″ height=”366″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-75×45.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-768×461.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-120×72.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With another global recession looming on the horizon, executives at General Motors and Ford are […]

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QOTD: How Do You Solve a Problem Like Nissan?

The news of Nissan’s recent financial trouble brought attention right where it needs to be: on lackluster product. In our most recent reporting regarding Nissan’s sales woes, I was asked in the comments whether I had any ideas for improvement. Well that got me thinking (and worked up), and it turns out I do have ideas, […]

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Lena Dunham’s New Show Is About… Finance Bros?

Worry not, everyone! Lena Dunham is coming back to HBO with a whole new project about horrible and annoying rich kids. On Friday, the network announced that Dunham will executive produce and direct Industry, HBO’s new series about finance bros. Uh, that’s right. Finance bros! According to Deadline, the Dunham-helmed series is, unsurprisingly, about a […]

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Nah, Fam: Regina Hall Nixes Whitney Houston Drug Joke in Her Show Black Monday

Photo: Getty If her character on Showtime’s Black Monday is any indication, Regina Hall revels being on the edge when it comes to comedy. But she finds nothing funny about the disease of drug addiction, she shared in explaining why she asked the writers to ax a joke about Whitney Houston’s drug abuse. The actress, known […]

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The Audacity of Grief

It is easy to count the dead, harder to count the grieving. One has to estimate. Every year, almost one percent of the American population dies. The most recent available official count, from the Centers for Disease Control and Prevention’s National Vital Statistics System, is for the year 2017: 2,813,503 registered deaths. Looking at the […]

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Joe Biden Is Going Back to the Clinton Playbook

When Joe Biden made his first bid for president, he was forced to drop out after plagiarizing British Labour leader Neil Kinnock in a Democratic debate. Now, in his third run for the White House, Biden is plagiarizing himself. “Ladies and gentlemen, it’s time to restore America’s soul,” he bellowed at the Iowa Democratic Steak […]

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The Working Person’s Guide to the Industry That Might Kill Your Company

Illustration: Jim Cooke (GMG) Just like $2.5 trillion worth of companies around the world, the company publishing the story you are now reading is owned by private equity firms. Most people have little idea what the private equity industry actually does. The truth is terrifying. If you have seen the movie Goodfellas, you may recall […]

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