Peter Kafka

Recent Posts by Peter Kafka

Want to Lend the New York Times Some Money?

The publisher says it will launch a $200 million debt offering, and will use the money for “general corporate purposes including, among other things, to pay down debt and other financial obligations.” The company had previously announced that it would pay off the $250 million it owes Mexican billionaire Carlos Slim ahead of schedule, but didn’t say where it would get the money. So go ahead and connect a dot or two if you’d like.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work