A recent survey of investors in hedge funds found that 94% of them expected their hedge funds to return at least 9% profits last year. The actual returns of hedge funds last year: -2%.

You may be a busy person, but it is important to keep up-to-date on the most current threats to the stability of the global economy, which could plunge us all into poverty and despair. Speaking of that, is China poised for a disaster of hideous proportions?

Most of us have a vague sense that huge, multibillion-dollar companies have, like, systems in place to prevent them from making the sort of idiot mistakes that we, normal people, make. Not necessarily true!

A new proposed rule that would ever so slightly curb the excesses of the payday loan industry is an exciting thing: the government, which represents us, acting against awful exploitative money vampires. The system works, a little bit!

Pensions are good. Pensions are worth preserving until something better comes along. But pensions that make impossible promises and cultivate lies are not the pensions we should hope for.

The idea of a universal basic income—money given to everyone each month to cover minimal living expenses—is having something of a utopian intellectual moment across the political spectrum. But the idea does have two obvious potential pitfalls.

The longer we go without a major financial crisis, the more tempting it becomes for the billionaire investors to jump in with their wager that the next crisis is coming soon. Another master of the universe has officially jumped onto the “doom is at hand” train.

The biggest near term threat to the stability of nations might not be climate change, terrorism, or nuclear war. It just might be robots—putting millions of people out of jobs. Where will they all go? There are only a few possibilities.

The hedge fund industry is in the midst of a slow-motion disaster, as its biggest investors come to the realization that the fees hedge funds charge make most of them a scam. One hedge fund guy is embodying the industry’s clueless resistance to change, in hilarious fashion!

A new report from Moody’s says that major U.S. companies are sitting on as much as $1.2 trillion in cash held overseas—hey, that’s enough to pay our national credit card bill!

The good news: the U.S. economy is relatively strong again, with low unemployment and people raring to get out there and spend, spend, spend. The other good news: what goes up just keeps going up!

Yesterday, America got a look at the new overtime rule, which will make millions of people who make less than $47,500 a year eligible for overtime pay. You may be wondering: who, exactly, is responsible for making sure I get paid for all my newfound overtime?

Today marks the official beginning of what may go down as the most underappreciated action of Obama’s presidency: the new overtime rule, which will force more money into the pocket of the middle class.

America’s well-manicured universities are supported by an entire academic underclass of very smart and very poorly paid people: the adjunct professors. They would like to tell you about the “insanely bleak” job that keeps academia chugging along.

“People derive more happiness from pay when they know they’re earning more than co-workers, research shows. In a famous 1998 study...half of 257 people surveyed said they would rather make $50,000 a year when others around them earned $25,000 than earn $100,000 while peers earned $200,000.”

The idea of granting every citizen a no-strings-attached universal basic income is still treated as a utopian idea in America. In Switzerland, they’re a month away from voting on it.

One thing that is too boring for anyone to pay attention to and also will potentially destroy your life is the rise of “forced arbitration” rules that make it extremely hard to sue corporations. But the tide may be turning.

Recently, a study found that North Carolina’s $90 billion state pension fund was wasting billions of dollars on Wall Street fees for no good reason. Now, there is a new reason to dislike this ineptly managed corruption of the public trust!

America’s bloated higher education industry is supported by the work of an immense pool of well-educated and very poorly paid workers: the adjunct professors. They are telling us all about it. And they have a few ideas.

Adjunct professors are the most highly educated low-wage workers in America. And they told us all about it.