image edited by F. Kaskais by Tyler Durden Half of England is owned by less than 1% of its population, according to new data shared with the Guardian that seeks to penetrate the secrecy that has traditionally surrounded land ownership. The findings, described as “astonishingly unequal”, suggest that about 25,000 landowners – typically members of the aristocracy and corporations – have control of half of the country. The figures show that if the land were distributed evenly across the entire population, each person would have almost an acre – an area roughly the size of Parliament Square in central London. Major owners include the … Continue reading Half Of England Is Owned By 1% Of The Population
How Leo got caught up in a money-laundering scheme that screwed the Malaysian people out of billions by Zaron Burnett III It’s April 2013 in New York. Ensconced in a Chelsea studio bubbling with celebrities and champagne, an international man of mystery records his vanity music project. The ballad the 30-year-old sings is called “Void of a Legend.” The man calls himself Jho Low. At one point in his recording session, rapper Busta Rhymes and super-producer Pharrell Williams show up. Low shouts at Busta, “Yo! I own you! You’re my bitch!” The Malaysian financial wunderkind is drunkenly referring to the … Continue reading THE PERFECT IRONY THAT ‘THE WOLF OF WALL STREET’ FILM WAS ALSO A REAL-LIFE SCAM
Americans lost $116.9 billion gambling in 2016. by Derek Beres Gambling addiction has been shown to have the same pharmacological effects as opiates. Eighty-five percent of all gambling revenue comes from slot machines. Casinos are designed to disorient and confuse patrons, from the lighting and carpeting to the key of machine sounds. The smell is the first assault even though the triggers for sensory overload occur concurrently. That is by design. As the fog of cigarette smoke invades your nostrils (and clothing; look forward to those dry cleaning bills) thousands of machines cry out in the key of C. That … Continue reading 20% of gamblers attempt suicide — why don’t we take the addiction more seriously?
picture alliance/Julian Stratenschulte/picture alliance via Getty Images by GREG ROSALSKY Every year, medical students apply for residencies at hospitals around the country through the National Resident Matching Program. It’s like a dating app for med students and hospitals, and it culminates this Friday, which is Match Day, when more than 30,000 students find out who they’ve got a really long date with. Some people view Match Week as a beautifully engineered dance between supply and demand that ensures the best and brightest learn how to be good doctors at top hospitals. Others, like Dean Baker, Senior Economist at the Center for Economic and Policy … Continue reading Are Doctors Overpaid?
Illustration: Isabel Seliger Five experts reveal promising investment options for substantial sums. By Frederik Balfour, Suzanne Woolley, Edward Robinson and Simone Foxman In the second installment of our quarterly look at ways to invest that million you just made by selling a property or betting big on China’s stock market, our panel of experts provides a diverse range of options, from Brazilian oil to New Zealand vineyards.As always, the appeal of these investments depends on your risk appetite, but the members of our panel are a lot more upbeat than they were three months ago, and they offer such truly … Continue reading Where to Invest $1 Million Right Now
image edited by F. Kaskais Research shows how you spend money can improve your well-being. Many Americans are plagued by the “if-only” syndrome. Data show that most people believe if they could only get a raise, a new house, a new car, or some other material possession, they would finally be happy. Not surprisingly, studies demonstrate that buying things does not lead to happiness. To be sure, it is much easier to find happiness if your basic needs are met. Two Nobel-prize-winning economists conducted a famous study where they found that Americans improve their emotional well-being by earning more money up to a point – … Continue reading Can Money Buy Happiness?
GARY HERSHORN / GETTY Having children makes people happier—if they can afford it. by JOE PINSKER For several decades, the work of happiness researchers has consistently pointed to an unintuitive conclusion: Having children doesn’t tend to make people happier, and might even make them less happy.“That never made any sense [to me],” says David Blanchflower, an economist at Dartmouth College. If having kids makes people less happy, why do so many people do it? Why would people have more than one child after the supposed misery brought by their first? And most puzzlingly of all, why would evolution produce a … Continue reading It Isn’t the Kids. It’s the Cost of Raising Them.