True to Slate form, the bizarro-world web magazine's financial spin-off The Big Money sees the collapse of Wall Street as a good thing. Michael Lewis has five reasons for you to see Lehman Brothers, AIG, and Morgan Stanley as a glass half-full type of thing. Reason No. 3: Ordinary Americans get a lesson in low finance.: "It's been expensive but, then, so is kindergarten." Take that zing all the way to your collapsed stock portfolio! [The Big Money]

Sep 18, 2008 · posted by david · Link · Respond
Jacob Weisberg's The Big Money: The Big Scam?

"In one of the most dramatic two days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, filed for Chapter 11 bankruptcy protection."

That was yesterday. Also, yesterday, Slate — the website where everything that is up is down, and everything that is right is wrong — launched The Big Money, its financial website that cares less about whether the Dow Jones is posting gains and more about taking conventional fiscal wisdom and arguing against it.

CONTINUED »

Sep 15, 2008 · posted by david · Link · Respond
Business needs another website like Ryan Seacrest needs another job

moneytree.jpg

Shortly after launching black-interest site The Root, Slate's overseers at the Washington Post Co. are readying financial site The Big Money.

(No, really, that's what they're calling it. They're not going to change it even if you do start an email petition.)

Edited by James Ledbetter, the new pub is "a general interest site for people who have an interest in money and financial affairs and economics … but not specifically or necessarily who work in the finance industry."

So it's the Fox Business Network to all the CNBC's out there. Or maybe it's the MainStreet.com to all the TheStreet.com's out there?

Whatever. They're probably going to do a story on The Britney Spears Economy, and then we won't have to like the name or the content.

Mar 17, 2008 · posted by david · Link · Respond