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JPMorgan Chase, the country's largest bank, just announced they lost $2 billion, primarily in derivatives. Since no one on the face of the earth knows exactly what derivatives are, we suspect the bank is lying. We tasked esteemed New York Times economist Paul Krugman to get to the bottom of this financial debacle. He refused. So we made up this list.
Yesterday, North Carolina voters went to the polls and overwhelmingly approved an amendment to their state constitution banning same-sex marriage. To find out why, we took to the streets of the Tar Heel State and asked the people.
The CIA recently thwarted Al Qaeda’s plot to bring a bomb aboard a U.S.-bound airplane. Details are still emerging, but it’s been revealed that the device was a new kind of underwear bomb. (And we still hadn’t tried the old kind yet! This is just like the iPhone releases!) The whole story raises more questions than answers, however…
Over the weekend, The Avengers shattered all box office records, raking in over $200 million domestically. Why were so many Americans willing to shell out their hard-earned unemployment checks to go see a bunch of guys in Spandex blow up stuff? You don't have to be Batman to deduce that the reasons were many.
As we mentioned earlier, a version of Edvard Munch’s “The Scream” sold for $119.9 million — that’s the most ever paid for a work of art at auction! To give you an idea of just how much $119.9 million is: if you had 119 million $1 bills and stacked them one on top of the other…it would be a better use of time and money than whatever Michael Bay would do with the same amount of cash! Still — what makes this particular smear of pastel so special?