Cord-cutting, in which (usually younger) pay-TV subscribers walk away from cable and embrace new ways of accessing media, has been a known phenomenon since at least 2011. But it’s been a slow-rolling snowball, even as services like Netflix soar into the stratosphere. This year, however, it seems that Wall Street traditionalists have finally caught on to the change, and they’re not happy.
A few weeks ago, we shared the not-at-all-surprising news that Americans are buying more cleaning supplies, especially disinfectants, than we normally do at this time of year. We can partly credit the Ebola virus. While cleanliness is rarely a bad thing and Ebola is a terrifying disease, we do have to give some side-eye to Lysol for buying ads on Google searches about Ebola. [More]
Thanks to the New York Post, we know there’s a 48-year-old man named Richard Cruz somewhere in Manhattan who’s hoarding his daughter’s college fund in a shoebox. We even know what he looks like, because in the photo that accompanies the article, Cruz is posing on the sidewalk with his withdrawn cash like he just won the shoebox lottery. “‘No one hides their money under a mattress any more,’ he said. ‘That’s the first place people would look.'” Good thinking.