News
How a 1958 magazine cheered America's slide into installment debt
1+ hour, 53+ min ago (438+ words) The July 1958 issue of Argosy Magazine ran "Live Now'Pay Later" by Carlton Brown, capturing the moment America gleefully abandoned its Puritan thrift hangover for installment plans. By 1958, Brown reports, between 60 and 75 percent of new cars and half of major household…...
US debt hits $31. 26 trillion, exceeds annual GDP
3+ day, 23+ hour ago (352+ words) The last two times the United States owed more than its annual economic output, the country was either fighting a world war or shutting down due to a pandemic. As of March, it's happened again " this time without an emergency…...
Private credit default rate hits 9. 2%, worst on record
1+ mon, 4+ week ago (383+ words) Nearly one in ten U. S. companies with private credit debt defaulted last year. Fitch Ratings tracked 302 companies in the private credit market and recorded 38 defaults across 28 borrowers in 2025 " a 9. 2% default rate that broke the previous record of 8. 1% set just a year…...
Teton County, Wyoming has the biggest wealth gap in America " and it's getting worse
2+ mon, 1+ week ago (371+ words) Teton County, Wyoming, has the most extreme wealth gap in the United States. A resident in the county's top 1% earns about $35 million annually, 221 times more than their neighbors in the other 99%. The average single-family home costs over $7 million. Eight years…...