Must Read Money Stories For Friday, June 5

by June 5, 2015

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Fed employee info hacked. The Obama administration revealed late yesterday that federal employee data was exposed to hackers. And the hackers may have been sponsored by the Chinese government, according to the administration. The New York Times reports this is the third major breach of government data in the past year, and this one exposed the most workers. Data from at least four million current and former federal employees was accessed in this latest hack.

Sprechen Sie “free college”? The number of U.S. students attending German universities is up 20 percent in the past three years, according to the BBC. That’s because Germany now covers the cost of college for all students, including foreign students. German universities have even increased the number of classes offered in English, so American students don’t even have to learn another language. A total of 4,600 U.S. students are taking Germany up on the deal. This is certainly a trend to watch as the cost of a college education in the U.S. continues to skyrocket.

This is definitely … something. The Wall Street Journal’s Moneybeat blog posted an email yesterday that’s been “making the rounds” on Wall Street. It’s from a second-year analyst at Barclays, with instructions for incoming summer interns. The email is a list of the “10 Power Commandments” for interns, and it’s — well, you’ll just have to read it.

What!? No Pokémon? The World Video Game Hall of Fame is a real thing, at a real museum in Rochester, NY. Yesterday, the HOF announced its inaugural class of inductees: Pong, Pac-Man, Super Mario Bros., Tetris, Doom and World of Warcraft. Nine other finalists didn’t make the cut this year, according to Polygon. Click on through to see which games were snubbed.

Organizing Gawker. Writers at Gawker Media voted to unionize this week. The site has been posting updates on the unionization push, and revealed the breakdown of the union vote yesterday. Gawker becomes one of, if not the, first all-digital journalism operation to have a unionized staff.



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