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FROM THIS EPISODE

While the average hedge fund lost money for investors last year, the top 25 American hedge fund managers still raked in $13 billion. One reason very wealthy investment fund managers remain very wealthy is what’s called the carried interest tax loophole and all three presidential candidates want to eliminate it. And, while a small number of people are getting even more wealthy, the Pew Research Center has confirmed yet again that the American middle class is shrinking.

Next, the band YACHT created a stolen sex tape hoax this week to promote their new video and it did not end well for them.

Then, the new documentary ‘Fursona’ explores the lives of furries, people who like to dress up like big, anthropomorphized animals.

Finally, the embarrassment of #OscarsSoWhite has studios scrambling to avoid a repeat next year.

Producers:
Matt Holzman
Anna Scott
Jolie Myers
Christian Bordal
Laura Swisher
Sarah Sweeney

Why Hasn’t the Carried Interest Tax Loophole Been Eliminated 8 MIN, 59 SEC

The average hedge fund lost money for investors last year, but top 25 American hedge fund managers raked in $13 billion. That’s more than the entire economies of many countries. One reason for all this wealth is the carried interest tax loophole, which allows incentive fees earned by investment managers to be treated as capital gains, which are taxed at a rate about 20 percent less than income. The so-called loophole is something all three presidential candidates want to eliminate, and yet President Obama hasn’t done so. Why not?

Guests:
Heidi Moore, Guardian (@moorehn)

The Middle Class Shrinks in 9 out of 10 US Cities 8 MIN, 28 SEC

While a small number of people are getting even more wealthy, the Pew Research Center has confirmed yet again that the American middle class is shrinking. According to Pew's recent analysis of government data, from 2000 to 2014, the share of adults living in middle-income households fell in 203 of the 229 U.S. metropolitan areas examined. That's nearly nine in 10 areas where the middle class lost ground, and in some cities, the decrease measured six percentage points.

Guests:
Manuel Pastor, University of Southern California (@Prof_MPastor)

The Band YACHT's Internet Hoax and Other Web News 9 MIN, 19 SEC

The Los Angeles-based band Yacht created a stolen sex tape hoax this week to promote their new video and it did not end well for them. Actual victims of revenge porn were livid, and the band has apologized. We’ll talk about that in this week’s web roundup. Plus, California is considering new legislation about what happens to your Facebook and email accounts when you die.

Guests:
Xeni Jardin, BoingBoing.net (@xeni)

Chew Fox, Boomer the Dog and other ‘Fursonas’ Featured in New Doc 11 MIN, 54 SEC

There are lot of interesting ways that people like to spend their free time, from bodybuilding together to reenacting the Civil War together to playing fantasy sports. Then there are furries, a particular kind of fandom subculture that involves dressing up like anthropomorphized animals. The new documentary Fursonas, directed by first-time filmmaker Dominic Rodriguez, takes a closer look at the furry subculture and spends some quality time with Bandit, Chew Fox, Boomer the Dog and other furries.

Guests:
Dominic Rodriguez, Director (@FursonasDoc)

Will the Oscars Be Less White Next Year? 8 MIN, 27 SEC

The embarrassment of #OscarsSoWhite has studios scrambling to avoid a repeat next year. More than a dozen films starring black actors, by black filmmakers, and on black issues are set for release before the end of this year, and the studios backing them are hoping they become Academy Award contenders.

Guests:
Michael Cieply, New York Times

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