Netflix announced in a press release on Monday that the company would be taking on another $800 million in debt in order to create more original content. Netflix is already in $2.37 billion of debt to further Netflix’s vision of being 50 percent original content. Chief content officer Ted Sarandos announced in January…
College is expensive. Students are in debt. Why? Wendover Productions analyzes what makes higher education so expensive in this country, and some of the reasons he cites you can assume: professors cost money and new facilities are expensive. But a surprising reason why college costs so damn much is that there are more…
Detroit outlines a plan to get itself out of debt, salt shortages are making a snowstorm near you even worse, and another week of violence is igniting in Kiev. It's this week's look at What's Ruining Our Cities.
If an agreement between the White House and Republicans doesn't happen soon, the Congressional Budget Office says that the country would have to stop paying its debts sometime after October 22. That will make the United States of America the first major power to default after Nazi Germany, says Bloomberg:
The congressional supercommittee responsible for trimming 1.5 trillion dollars from the US federal budget has failed to deliver, triggering a decade-long, 1.2-trillion-dollar budget-slash set to begin in 2013.
The Joint Select Committee on Deficit Reduction has a pretty big problem: they have to find a way to keep our broke-ass country from financially imploding. They also appear to have just received their first computers over the weekend.
President Obama has requested that you tweet your representatives to help solve this whole debt ceiling mess. But if you live in, say Cleveland, that's a waste of time. Tweet at these pols—who can actually get stuff done—instead.
Charts are fun! They basically make the Internet go 'round these days, what with the sharing, the memes and the Reddit and whatnot. But not this one! This one is depressing. Ladies and gents, the U.S. debt, in visual form.
Death and Taxes 2009 is a detailed graphical account showing where your tax dollars will go next year in the most detailed and fascinating way: Everything is set to scale according to the amount of money spent on it, showing the amazing weight that military-related spending has in the total Federal budget. It's just…