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Researchers gave homeless people money and what they did with it might surprise you

October 10, 2020
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| money

A nonprofit organization led a study that explores what might happen if people who are homeless are given financial support and the results may surprise you.

Foundations for Social Change, a Canadian charitable organization based in Vancouver, British Columbia, teamed up with the University of British Columbia for a social program, called the New Leaf Project. Researchers gave 7,500 Canadian dollars (approximately $5,717.27) via direct transfer to 50 people who had recently become homeless. The people were free to use the money as they saw fit with no restrictions.

To the surprise of the researchers, most of the recipients used the cash to turn their lives around. “Preliminary results show that on average, those receiving the direct cash payment moved into stable housing faster, maintained a level of financial security and stability over 12 months of follow-up, and increased their spending on food, clothing and rent,” said Foundations for Social

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How Reagan and the finance bros gave us Trump

October 8, 2020
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| finance

The 1980s brought with them a new social type, a sub-Nietzschean popinjay we’ll call Finance Guy. A bantam alpha, gut sucked into his chest, shoulders padded out like a linebacker, hair center-parted and pomaded back; the little creep who makes nothing but takes a fee on it anyway. The Reagan revolution had handed power — real power, the power to shape our collective fate — back to the bankers, who’d been laid low since 1929; and this, in turn, unleashed an epidemic of ridiculous self-importance for which Spy magazine was the perfect antidote.



Ronald Reagan et al. standing in front of a crowd: In an image from "Reaganland" by Rick Perlstein, Ronald Reagan and his wife, Nancy, appear on the campaign trail. (MPI / Getty Images)


© (MPI / Getty Images)
In an image from “Reaganland” by Rick Perlstein, Ronald Reagan and his wife, Nancy, appear on the campaign trail. (MPI / Getty Images)

A lampoon founded in 1986, Spy immediately took its place within ’80s New York, a city giving itself over to the rackety energies of the vulgar and profane. (Along

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