Corporate monopolies, gross mismanagement, retail delivery drones, the growing app economy2015 was a year of profound changes in the world of business and finance. Offering clear-eyed assessments of these developments along with compelling profiles and muckraking reports, the incisive articles in this volume provide an essential guide for understanding business's influence on economics, politics, and culture.
Selections include Sarah Maslin Nir's explosive exposé of the nail-salon industry in the New York Times and the Associated Press's disheartening investigation into slave-labor practices abroad. The stories in this volume explore new frontiers in the way we do chores, eat takeout, order online, and dumpster-dive, showcasing business's rapid evolution under the influence of new technologies. Profiles include the amusing portrait of a young investor who made a fortune betting on penny stocks; the inspiring and cautionary story of an undocumented immigrant who became a star trader at Goldman Sachs; and the shocking account of a troubled financial prodigy who defrauded his inner circle of millions. Claire Suddath adds her take on corporate America's broken maternity-leave system (Businessweek), and Charles Levinson reminds us of Wall Street's close ties to Washington in a probing look at the making (and unmaking) of the Dodd-Frank financial reform act (Reuters).
About the Author
Dean Starkman is based in New York and covers Wall Street as a staff writer for the Los Angeles Times. He is also a fellow with the Center for Media, Data, and Society at Central European University's School of Public Policy in Budapest, Hungary. He has won numerous national and regional journalism awards and helped lead the Providence Journal to the 1994 Pulitzer Prize for Investigations.
Martha M. Hamilton is a former writer, editor, and columnist for the Washington Post who now works for the International Consortium of Investigative Journalists.
Ryan Chittum is a contributing editor to the Columbia Journalism Review and a former reporter for the Wall Street Journal. He has written for numerous other publications, including the New York Times.
Table of Contents
Part I. Business Unusual
1. The Billionaire, the Dealer, and the $186 Million Rothko, by Stephanie Baker and Hugo Miller
2. "Let's, Like, Demolish Laundry," by Jessica Pressler
3. Monopoly's Inventor: The Progressive Who Didn't Pass "Go", by Mary Pilon
4. The Ur-Deli, by Jordan Weisman
Part II. Labor and Its Discontents
5. The Price of Nice Nails, by Sarah Maslin Nir
6. Are Slaves Catching the Fish You Buy?, by Robin McDowell, Margie Mason, and Martha Mendoza
7. The Assistant Economy, by Francesca Mari
8. Can the U.S. Ever Fix Its Messed-Up Maternity Leave System?, by Claire Suddath
9. The Homeless Man Who Works in the Senate, by Catherine Rampell
10. Smothered by a Boom in Banking, by Gretchen Morgenson
Part III. Technology: Behind the Screen
11. The Pro Dumpster Diver Who's Making Thousands Off America's Biggest Retailers, by Randall Sullivan
12. The Laborers Who Keep Dick Pics and Beheadings Out of Your Facebook Feed, by Adrian Chen
13. Amazon Must Be Stopped, by Franklin Foer
14. Inside Google's Secret Drone-Delivery Program, by Alexis C. Madrigal
Part IV. Business Accountability
15. Boom: North America's Expensive Oil-by-Rail Problem, by Marcus Stern and Sebastian Jones
16. Firestone and the Warlord, by T. Christian Miller and Jonathan Jones
17. Lobbyists, Bearing Gifts, Pursue Attorneys General, by Eric Lipton
18. Killer Pharmacy: Inside a Medical Mass Murder Case, by Kurt Eichenwald
19. Gasping for Action, by Raquel Rutledge
Part V. Financial Follies
20. Young Financier's Insurance Empire Collapses, by Mark Maremont and Leslie Scism
21. This Twenty-Seven-Year-Old Made Millions Riding the Death Spirals of Penny Stocks, by Zeke Faux
22. The Greatest Tax Story Ever Told, by Zachary Mider
23. How Wall Street Captured Washington's Effort to Rein in Banks, by Charles Levinson
24. How an Undocumented Immigrant from Mexico Became a Star at Goldman Sachs, by Max Abelson
List of Contributors