This Week in Financial Blunders

Bless the man or woman who coined the phrase “haters gonna hate.” It’s applicable to so many situations, speaks to your personal strife in times of hardship, and has led to some of the funniest GIFs the Internet has ever seen. The moral of the mantra is about ignoring the Negative Nancies of the world and doing what you know is right, regardless of the noise they come at you with – pretty powerful for three words. This week in financial blunders, we take a look at two individuals: one who’s receiving the hate and one who has the upper hand on haters.

Paper Pains

It hasn’t been talked about like Janet Jackson’s “wardrobe malfunction,” but singer M.I.A. could owe a ton of money to the NFL over her Super Bowl controversy from 2012. M.I.A, real name Mathangi “Maya” Arulpragasam, performed during Madonna’s halftime show two years ago and slipped a middle finger to the camera during the song “Give Me All Your Luvin’.” Ever since the bird was flipped, the NFL has (for a while quietly) been suing M.I.A for damaging their “reputation and goodwill.” The NFL was initially asking for $1.5 million in restitution, but they recently upped it to $15.1 million.

“The NFL has more money than God,” said M.I.A.’s lawyer Howard King, “and they seem to be really intent on punishing this woman.” The singer had more colorful language to describe her thoughts on the lawsuit, but the NFL claims this amount is justified because of the publicity she has received from her unwelcome finger. King retorted by pointing out hypocritical standards from past halftime shows: Prince gyrating with his arguably phallic guitar, Michael Jackson doing his signature crotch grab when performing Billie Jean, and even Madonna’s backup dancers with a performance that King described as “in a manner wholly consistent with the scenes a faire in a strip club.”

You Musk Find a Way

It seems like Tesla CEO Elon Musk has had an uphill battle marketing his electric cars since the get-go, but currently business is going good – it’s actually Tesla naysayers that are in an awkward position now. Musk is looking to build a new gigafactory to mass produce lithium ion batteries, an effort that would require approximately 6,500 employees. Many states are jumping at the opportunity to host the plant, including states like Texas and Arizona, where Tesla can’t sell cars. Those states, along with New Jersey, force Tesla to use independent dealers when selling cars. The reasoning behind this is murky and speculative, but regardless, it hasn’t stopped U.S. representatives from Arizona and Texas from writing to Musk and compelling him to open the plant in their states. Diarmuid O’Connell, vice president of business development at Tesla, said, “The issue of where we do business is in some ways inextricably linked to where we sell our cars … If Texas wants to reconsider its position on Tesla selling directly in Texas, it certainly couldn’t hurt.”

And that’s all the financial hating we have for this week. Please comment below with any story we may have missed.


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