Where Are the Bitcoin Billionaires?
Bitcoin continues its spectacular 3-month surge: I don’t get it, but then, there are lots of things I don’t get. I suppose that old stamps and impressionist paintings don’t have any intrinsic value either, aside from the fact that lots of people want them, so why not bitcoin? But what I still want to know…
Quote of the Day: “Coming to play golf is not what I would consider an essential purpose”
Andrew Milligan/PA Wire via ZUMA Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.The latest hot rumor is that Donald Trump is going to skip the inauguration and instead jet off to his golf club in Turnberry. But it…
Have We Really Eliminated Polling Place Bias Against the Poor and People of Color?
Today brings us this headline in the New York Times: Election Day Voting in 2020 Took Longer in America’s Poorest Neighborhoods This is true—but just barely. In fact, I was struck by how the data actually indicates that we could be making real progress. First off, here’s a Times chart that I replotted to remove…
Let’s Be Glad That Meghan McCain Now Supports Paid Maternity Leave
Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.Meghan McCain has had a revelation: Meghan McCain had a baby and now realizes that the US needs paid maternity leave, she explains on The View. She says personal experience helped…
Quote of the Day: “I Just Want to Find 11,780 Votes.”
Shealah Craighead/White House via ZUMA Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.Apparently Brad Raffensperger, the Georgia secretary of state, recorded his most recent conversation with President Trump and it somehow made its way to the Washington Post.…
Is the Stock Market Overvalued?
Jeez, how should I know? Do I look like a billionaire to you? But Warren Buffett is a billionaire and his favorite metric is the Buffett Indicator, which shows total stock market capitalization as a percent of GDP. The chart below is a modified version that uses total corporate equities plus liabilities rather than market…