Must Read Money Stories for Tuesday, Oct. 25

by October 25, 2016
Can your heart be hacked? ("julia" image by "nerissa's ring" on flickr, CC by 2.0)

Can your heart be hacked? (“julia” image by “nerissa’s ring” on flickr, CC by 2.0)

Income and politics

The New Yorker has a long take on how economics, race and class have shaped this year’s presidential races. It also serves as a sort of historical guide to how the Democratic Party lost white working class voters. It’s also partly a profile of Hillary Clinton, and how she plans to win back those voters. Along the way, there’s a critique of globalism and technological progress, and even a reference to Hamilton.

Nice people

People with less money are nicer than people with a lot of money. That’s the basic argument of this op-ed published in the Washington Post’s Post Everything section. The claim comes with some interesting research, and a rationale for why it might be true. People tend to be most focused on what they can see and observe. So if you have money and all you ever see are other people who have money, you may not identify with, or really even think about, the struggles of people who don’t.

Well this is terrifying

Can your pacemaker be hacked? A major manufacturer of cardiac devices is battling claims that the devices themselves can be hacked. St. Jude Medical Inc. so strongly denies the claim, it sued the firm that first made it. Muddy Waters is a San Francisco-based short-selling firm. Reuters reports after St. Jude sued Muddy Waters for false claims, Muddy Waters hired an expert to try to hack the heart implants. And the expert did it, according to court filings. Reuters reports the U.S. Food and Drug Administration is also investigating the claim.

Cross-country expansion

Miami-based media startup New Tropic is expanding to Seattle. Nieman Lab writes that New Tropic is one of a handful of exciting startups across the country that are figuring out new business models for local journalism. Now, the parent company behind New Tropic is going to find out if the idea can be replicated in other cities. Stay tuned to this one.