"I just love to solve problems": how people who work at predatory lenders avoid thinking about the pain they inflict

Elena Botella worked at Capital One -- one of the US's leading issuers of subprime credit-cards -- for three years; in a fascinating first-person account, she describes how Capital One's youthful, smart, principled and caring staff created a culture in which the lives they were ruining were replaced by obfuscating jargon and interesting mathematics puzzles. Read the rest

Ford CEO frankly admits that the car of the future is a surveillance device that you pay to spy on you

The era of finance capitalism is marked by a curious shift in the desire of the business world: to get out of the business of making things people use, and into the business of getting money for owning, extracting and/or liquidating things. Read the rest

California ballot initiative to make state university free again by reinstating inheritance tax for millionaires

From their inception, California's state colleges and universities were free or nearly free for in-state students, but since the 1970s, the state systems have been ratcheting up tuition and originating loans that impose crippling debt on students, leading to delayed fertility, late home-ownership, reduced retirement savings, and dampening entrepreneurial risk-taking. Read the rest