Jacob Rothschild, Famous Financier and Philanthropist, Dead at 87

LONDON — Financier and philanthropist Jacob Rothschild, of the renowned Rothschild banking dynasty, has died at 87, his family said Monday.

Rothschild began his career in the family bank, NM Rothschild & Sons, in 1963, before breaking away to start businesses and charitable organizations. His family paid tribute to him in a statement.

“Our father Jacob was a towering presenc…

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The Story Behind HBO’s Telemarketers

In 2001, Sam Lipman-Stern was a teenage high school dropout working at Civic Development Group (CDG), a telemarketing company that operated out of central New Jersey. He’d developed a love for film after being gifted a camcorder by a family friend and decided to document his workplace—a peculiar establishment that, he would discover, pocketed millions of dollars of donations via phone calls…

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To Keep Workers in Today’s Economy, Flexibility Is More Important Than Money

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CEOs know they have a tough road ahead. Many issues they’ve faced over the past two years—remote work, supply chain backups, product shortages, inflation—will likely subside with the pandemic or soon after, the labor shortage they&#821…

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U.S. Housing Prices Fall for First Time in a Decade

Say goodbye to the housing bull run. U.S. home prices—for the first time in a decade—are falling.

U.S. Housing Prices Fall for First Time in a Decade

A national measure of prices in 20 large c…

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The Best ‘Exorcist’ Isn’t the Original

When William Friedkin died in August at age 87, the affectionate accolades and tributes started pouring in, as was only right. His career had spanned more than 60 years, but the Friedkin film that lurks in the memory of almost everyone who has seen it is The Exorcist, from 1973, a somber, jaggedly effective work hailed by many as one of the greatest horror films of all time. Friedkin m…

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Singer Steve Lawrence—Partner of Eydie Gorme—Dies at 88

NEW YORK — Steve Lawrence, a singer and top stage act who as a solo performer and in tandem with his wife Eydie Gorme kept Tin Pan Alley alive during the rock era, died Thursday. He was 88.

Lawrence, whose hits included “Go Away Little Girl,” died from complications due to Alzheimer’s disease, said Susan DuBow, a spokesperson for the family.

Lawrence and Gorme—or Steve &am…

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Why Investors Are Buying Virtual Real Estate

A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. You can find past issues of the newsletter here.

Chris Adamo considers himself late to the game when it comes to investing in NFTs, or non-fungible tokens. He collected his first one in summer 2021. But when it comes to b…

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Overwhelmed By Debt- Here’s Where to Start

A resurfaced clip of a phone-in radio show featuring a millennial couple seeking help tackling their nearly $1 million debt burden has prompted conversations about the rising levels of personal debt many Americans are facing.

Household debt in the U.S. reached $16.9 trillion by the end of last year, according to Federal Reserve Bank of New York data. A 2019 Federal Reserve survey found t…

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Workers at Mack Trucks Go on Strike

DETROIT — Union workers at Mack Trucks went on strike Monday after voting down a five-year contract agreement that negotiators had reached with the company.

The United Auto Workers said 4,000 unionized workers walked out at 7 a.m., adding to labor turmoil in the industry that has ensnared all three big Detroit automakers.

With those workers joining picket lines, the tota…

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What We Learned From Selena Gomez’s New Doc

Selena Gomez has ducked in and out of the spotlight since she left the Disney Channel in 2012. The world has gotten glimpses into her personal life with the very little she has shared on social media—she was for a time the most followed person on Instagram—but the pop star is sharing much more now with her new documentary, Selena Gomez: My Mind & Me, released on …

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