On Tuesday, Donald Trump told the Associated Press that he doesn’t plan to release his tax returns before the presidential election in November. “There’s nothing to learn from them,” he said. Then, on Wednesday, he said he would release them. “I’ll release. Hopefully before the election I’ll release,” he told Fox News. “And I’d like to release.” (Doesn’t seem like it.) “You learn very little from a tax return,” he added. Maybe, but you learn a lot from someone’s ambivalence about releasing them.
As the “Empire State of Mind” beat filled the packed CenturyLink Arena in Omaha, the chorus slid in: “At Berkshire, financial strength is what dreams are made of, there’s nothing you can’t dooooo….” The white, middle-aged crowd of investors jammed. Is this is the humble setting from which champions arise?
Last Friday, the media industry toasted BuzzFeed for successfully drawing the attention of nearly 800,000 Facebook users to a livestream of two employees wrapping hundreds of rubber bands around a watermelon until the fruit exploded. The gambit capped another quarter of widespread confidence in BuzzFeed’s business model, which sells native advertising against a mix of silly listicles and enterprise reporting published on an ever-increasing number of third-party platforms, with everything heavily underwritten by periodic injections of venture capital.
Goldman Sachs analysts are getting attention for speculating that if corporate profit margins stay at their abnormally high levels, it may raise fundamental questions about “the efficacy of capitalism.” But don’t fool yourself—Goldman Sachs is far too sophisticated to believe that capitalism “works.”
Since the Middle Ages, human beings have purchased various goods—ranging from bare necessities to unimaginable luxuries—using money acquired from wage labor. We routinely report on how the past and present iterations of this system, commonly known as market capitalism, depend on the subjugation of the planet’s most powerless populations and the destruction of the earth’s most fragile ecosystems. We much less routinely acknowledge the fact that we buy stuff ourselves, and that we like a lot of the stuff we buy. Pursuant to our goal of editorial transparency, here’s the best thing each member of Gawker’s staff bought in 2015. If you have your own suggestions, hop in the comments below.
McDonald's, the molded plastic king of America's molded plastic cuisine, has decided that money will no longer suffice to purchase its meager offerings; the company now demands that you degrade yourself in order to be fed.