Inurement is just another word for benefit. Private inurement is legal jargon for when a nonprofit board member or insider uses their control over the nonprofit to obtain personal benefits, at the...

The total wealth owned by all U.S. households and nonprofits in the U.S. is valued at $149 trillion according to the Federal Reserve as of March 2023. We don't include the wealth owned by...

I sampled a variety of companies to get an idea of how much cash typical businesses hold on their balance sheets. The data is in the table below. CompanyIndustryCash & Cash Equivalentsas % of...

Americans spend roughly $10 billion on payday loan fees each year because it takes banks 2-5 business days to actually deposit paycheck money into your account after you earn it. That's changing in...

Finland spent over $1 billion to build an underground bunker 1,500 feet deep inside the bedrock of an island in order to store nuclear waste for the next 100,000 years. The bunker is named Onkalo....

"Imagine if you bought $100,000 of bonds and then the bond market dropped by 20%. If you were a normal, rational person, you would say your portfolio is now worth $80,000. However, if you were a...