An Island of Little Landlords
Britain’s young people no longer want to be doctors, lawyers, or engineers. They just want to collect rent.
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A Friend at Court?
A growing number of companies want to bankroll your lawsuit.
The US Economy Runs on Billionaire Pocket Change
The top 10% of earners account for almost half of all consumer spending in the United States. Wealth concentration has made economic stability shockingly reliant on elite consumption.
Well-Endowed
University finances are structured to insulate education from the whims of politics — at the expense of students, workers, and the rest of us.
Will Pope Leo XIV Confront MAGA?
Robert Francis Prevost, the first US-born pope, embodies Catholicism’s anti-nationalist ethos. Will he follow Pope Francis in confronting the resurgence of nativism in the US and abroad?
When the State Runs the Numbers Game
In the second half of the 20th century, as raising taxes came to spell political suicide, states looked to a new source of revenue: lotteries.
Too Rich to Fight?
American labor’s finances have never been stronger. And yet its horizons have never been narrower.
Market Mania
The history of speculation is replete with burst bubbles.
The Impossible Film
In the late 1920s, the great Soviet director Sergei Eisenstein made notes for a dream project: Das Kapital, the film.
Selling Settlement
Real estate developers make massive profits off Israeli land seizures — and encourage brazen settlement building deep in the West Bank.
Holy Profits
The mirage of Islamic banking.