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Frank Borman
Sep 1, 1999 12:00 PM

Quote

"Capitalism without bankruptcy is like Christianity without hell." NEW MONEY Sports FuturesTaking Stock of OptionsLook Ma, No TellersQuoteMaking the Grade

"Capitalism without bankruptcy is like Christianity without hell."

NEW MONEY

Sports Futures
Taking Stock of Options
Look Ma, No Tellers
Quote
Making the Grade

Topicsmagazine-7.09new-money-archivenew-money-magazine-7-09
Read More
Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure
Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure
Meta’s board feared that its CEO’s departure could disrupt the company’s AI ambitions. A new stock agreement gives him financial incentives to stay put.
Paresh Dave
A Prediction Market About the Past? Sure, Why Not!
A Prediction Market About the Past? Sure, Why Not!
As prediction markets surge in popularity, a new platform called Verifact Markets is pushing the concept even further, letting users trade on “disputed facts.”
Kate Knibbs
Polymarket Halted International Trading After Hackers Drained Accounts
Polymarket Halted International Trading After Hackers Drained Accounts
The company says an unnamed third-party provider was compromised. Trading has resumed, and Polymarket says affected traders will be made whole.
Kate Knibbs
Spend Elon Musk’s Money
What’s it like to be the richest man in the world? Find out for yourself.
Neal Agarwal
How Many Billions Would It Take to Hold Meta Accountable?
How Many Billions Would It Take to Hold Meta Accountable?
Meta got hit this week with its biggest fine yet, the latest in a mounting pile of court-ordered payments.
Lauren Goode
Pour One Out for the Leap Second
Pour One Out for the Leap Second
The metric might not mean much to laypeople, but leap seconds have been a source of contention in the timekeeping community for years. Now, they’re dead.
Brian Kahn
Earth’s Condition Is ‘Serious and Getting Worse’ as Climate Change Intensifies
Earth’s Condition Is ‘Serious and Getting Worse’ as Climate Change Intensifies
Seven of 16 planetary vital signs are in their most extreme state ever recorded, and El Niño is here to make matters even worse.
Brian Kahn
Anthropic’s IPO Prospectus Reveals What’s Under the Hood
Anthropic’s IPO Prospectus Reveals What’s Under the Hood
Anthropic on Monday filed documents ahead of a blockbuster IPO that offers insight into the company’s financials, risk factors, and views on the future of AI.
Joel Khalili
The $6.3 Billion Binance Hack Was Pulled Off in Just 20 Minutes
The $6.3 Billion Binance Hack Was Pulled Off in Just 20 Minutes
Multiple crypto-tracing firms say notorious North Korean hackers TraderTraitor may be behind the largest digital heist in history—with billions of crypto likely gone for good.
Matt Burgess
Why Anthropic’s IPO Prospectus Is Missing So Many Key Figures
Why Anthropic’s IPO Prospectus Is Missing So Many Key Figures
Anthropic’s S-1 filing is hundreds of pages long—and it leaves out quite a few financial details. “Anthropic owes investors more information,” one analyst tells WIRED.
Lauren Goode
Digger Is a Box Office Flop. It Might Be the Most Relevant Film of the Year
Digger Is a Box Office Flop. It Might Be the Most Relevant Film of the Year
Sold by its trailer as a gag reel, Tom Cruise’s strangest movie may be the most unsettling portrait of our tech and climate moment yet.
Carla Sertin
The Atlantic’s Near-Record Hurricane Drought Is About to End
The Atlantic’s Near-Record Hurricane Drought Is About to End
Tropical Storm Isaias is set to become the basin’s first hurricane of the season, bringing life-threatening rain and storm surge to the Gulf Coast.
Brian Kahn
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