What would you do with $70 million?

(published in NYTimes.com, April 15, 2008)

This is the dilemma faced by Michael, a 31-year-old who will soon inherit a large sum of money.

For reasons that the truly wealthy will immediately understand, Michael has been advised to set up a foundation. “I have to donate about $70 million over the next decade,” he laughs. “Or maybe it’s $50 million. I can never remember.”

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The Gang Tax

(published in NYTimes.com, April 8, 2008)

A few days ago, New York’s State Senate passed a bill making it illegal to recruit someone into a street gang.

In the never-ending fight by city officials and legislators to combat gangs, this is one of the latest efforts to outmaneuver gang members. Other similar initiatives have included: city ordinances that limit two or more gang members from hanging out in public space; school codes that ban the use of hats, clothing, and colors that signify gang membership; and public housing authorities that evict leaseholders who allow gang members (or any other so-called “criminal”) to live inside the housing unit.

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Skinflint: Did Eliot Spitzer get caught because he didn't spend enough on prostitutes?

(published in Slate.com, March 12, 2008)

The first thing that grabs your attention about the sex scandal involving New York Gov. Eliot Spitzer is, of course, the client. But, there's another aspect to the story that should raise eyebrows: $4,300. That's the bill Spitzer incurred for his dangerous liaison at the Mayflower hotel. Who would pay that much, and could you ever really get your money's worth?

In fact, $4,300 is not an altogether alarming sum of money in the high-end sex market. Spitzer got a bargain—and that may have been his downfall.

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What Do Real Thugs Think of The Wire?

Revisit Sudhir's chronicles of watching HBO's "The Wire" with a group of gangland acquaintances, featured on the Freakanomics blog on NYTimes.com.

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