The Great American Tax Haven: Why The Super-Rich Love South Dakota
Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
Bellagio Bandit: How One Man Robbed Vegas’ Biggest Casino And Almost Got Away
By robbing the Bellagio, Tony Carleo had achieved something he hadn’t been able to do in a decade of striving – he had made himself a millionaire. But, because he had stolen chips instead of cash, he was really only a millionaire inside the Bellagio casino.
Life At The End Of American Empire
The 2008 crisis and the government’s response made obvious the extent of economic and political inequality in the United States, and the absolute decline in wealth and well-being for a growing fraction of Americans. Evidence of decline is manifest to those of us living in America in the first decades of the 21st century.
The Wealth Detective Who Finds The Hidden Money Of The Super Rich
Thirty-two-year-old French economist Gabriel Zucman scours spreadsheets to find secret offshore accounts. The minimum amount Zucman calculated the wealthy stash in offshore accounts: $7.6 trillion.
Muslims Of Early America
Muslims came to America more than a century before Protestants, and in great numbers. How was their history forgotten? Not just the language of Islam, but the religion itself likely arrived in America in 1492, more than 20 years before Martin Luther nailed his theses to the door, igniting the Protestant reformation.
The Invention Of Money
When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.
America Is About To Witness The Biggest Labor Movement It’s Seen In Decades
The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.
The New Generation Of Self-Created Utopias
The United States has been a laboratory for experiments in alternative living since its founding. As so-called intentional communities proliferate across the country, a subset of Americans is discovering the value of opting out of contemporary society.
The Race To Develop The Moon
For science, profit, and pride, China, the U.S., and private companies are hunting for resources on the lunar surface. It’s not difficult to imagine moon development, like all development, proceeding less than peacefully, and less than equitably.
‘This Is Small Talk Purgatory’: What Tinder Taught Me About Love
I found myself single in a town where the non-student population is 1,236 people. I briefly considered flirting with the cute local bartender, the cute local mailman. For the first time in my life, I decided to date online. But finding someone fully and messily human was harder than I thought.
Thirty-Six Thousand Feet Under The Sea
For more than a year, the team trying to reach the deepest point in every ocean faced challenges as timeless as bad weather and as novel as the equipment they invented. This is the story of the explorers who set one of the last meaningful records on earth.
Meet The Bag Man: 10 Rules For Paying College Football Players
How to buy college football players, in the words of men who deliver the money. These men are fans who believe they’re leveraging football success $500 or $50,000 at a time.
The Economy Of Cuba
Cuba is home to possibly the most bizarre economy in the world. Its wild swings between a hardcore capitalist society to a worker’s paradise and now an odd combination of both has meant that the country has probably not been able to live up to its full potential.
The Pentagon’s Push To Program Soldiers’ Brains
The military wants future super-soldiers to control robots with their thoughts. The mission is to make human beings something other than what we are, with powers beyond the ones we’re born with and beyond the ones we can organically attain.
Why Prices Differ Around the World
If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.
When Elon Musk Tried To Destroy A Tesla Whistleblower
It started with an Elon Musk Twitter meltdown and ended with a fake mass shooter. A former security manager says the company also spied and spread misinformation.
Collision Course: Why Are Cars Killing More And More Pedestrians?
For drivers, roads are safer than ever – but for people on foot, they are getting deadlier. In 2018, 41% more US pedestrians were killed than in 2008. Car companies and Silicon Valley claim that they have the solution. But is that too good to be true?
The Birth-Tissue Profiteers
How well-meaning donations end up fuelling an unproven, virtually unregulated two-billion-dollar stem-cell industry. An industry has sprung up in which specialized clinics offer miracle remedies from poorly understood stem-cell products.
The Rise Of A Hindu Vigilante In The Age Of Whatsapp And Modi
India, the world’s largest democracy, has also become the world’s largest experiment in social-media-fueled terror. Muslims in India are poorer, less educated, more likely to be imprisoned, and far less socially mobile than Hindus.
The Man Who’s Going To Save Your Neighborhood Grocery Store
American food supplies are increasingly channeled through a handful of big companies: Amazon, Walmart, FreshDirect, Blue Apron. What do we lose when local supermarkets go under? A lot — and Kevin Kelley wants to stop that.
The Secret History Of Facial Recognition
Sixty years ago, a sharecropper’s son invented a technology to identify faces. Then the record of his role all but vanished. He died on October 4, 1995. His obituary in the Austin American-Statesman made no mention of his work on facial recognition. Who was Woody Bledsoe, and who was he working for?