The movie adaptation of ‘The Big Short’ provided a visual for the 2008 housing bubble

The 2008 financial system unraveled in a wave of speculation

Michael Lewis—author of the bestselling "The Big Short"—explains how a wave of speculation (among other factors) drove the 2008 collapse, from lenders issuing risky mortgages to Wall Street turning them into fragile securities. He also highlights the few outsiders who recognized the bubble and bet against it before the crash.

The director of 'The Big Short' is still angry about 2008

Adam McKay adapted Michael Lewis's book "The Big Short" into a hit film about how the 2008 housing market crash began. Now, many years later, the two reflect on the film and the events that brought it about.

In 2008, the 'Big Short' mastermind Michael Burry made more than $700M

Before the 2008 housing crisis, Burry used credit default swaps to bet against subprime mortgage-backed securities that fueled the 2008 housing crisis. His firm made more than $700M for its investors, and Burry made more than $100M in personal profits.

‘The Giant Pool of Money’ remains one of the most acclaimed accounts of the 2008 housing bubble

This Peabody Award–winning "This American Life" episode traces how cheap global money, subprime lending, and Wall Street engineering inflated the housing bubble. Through vivid reporting and real voices, it became one of the defining works of 2000s financial journalism.

The art of miniature sets in Hollywood

Many films utilize meticulously designed miniature sets to produce scenes that would otherwise be too big to film. While artsy filmmaker Wes Anderson is well-known for reviving this technique in an idiosyncratic style, more mainstream films like "Star Wars" and "Inception" rely heavily on small-scale sets filmed in such a way as to make them appear normal-sized. This nine-minute video breaks down how it all works.

Take a look at Wall Street’s architecture

From an architect’s point of view, the buildings on Wall Street help tell the story of the street itself. Take a walking tour of many of the major buildings on Wall Street, guided by architect Nicholas Potts.

A former financial crime investigator says Hollywood has done a pretty good job depicting money laundering

A former financial crime investigator says "Narcos" and "Ozark" have pretty realistic scenes, but other well-known financial crime depictions like "The Wolf of Wall Street" are off base. Some of the main inconsistencies include overly dramatic gunfights and unrealistic cash amounts.

Visualizing the financial troubles of FTX at the time of its bankruptcy

Just before Sam Bankman-Fried declared FTX bankrupt in November of 2022, he sought to raise funds quickly to try to save the cryptocurrency exchange. As part of that attempt, he sent around a glimpse of the exchange's current balance sheet, which showed the company had liabilities of $9 billion with only $900 million in liquid assets. Check out the visualization here.

Securitization has become common practice in home financing

When a homebuyer finances with a lender, they aren’t necessarily the one footing the bill. After a buyer secures a home loan, the lender can sell the loan to another financial institution or a private institution. That group can later sell that mortgage to investors. This is called securitization.

The stock market, explained in 3 minutes

Curious about the inner workings of the stock market? 1440's got your breakdown of how it works.

US homeownership rates declined from the start of the Great Recession through 2016

In 2004, the US homeownership rate was 69%. When the bubble popped in 2007, due to a variety of factors (including the prevalence of subprime mortgages) the Great Recession began. Foreclosures increased, as did the ratio of renters to homeowners. In 2016, the homeownership rate was at roughly 63.4%.

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

A visual guide to Hollywood dystopias and their real-world locations

Even the most dire dystopias are grounded in the real world. That's especially true with dystopian movies, which turn real cities into near-future nightmares. This guide from Atlas Obscura takes readers on a tour through some of the most recognizable, from "Blade Runner" (filmed in Los Angeles) to "Total Recall" (Mexico City, Mexico), "The Matrix" (Sydney, Australia), and more.

China has a ‘ghost town of abandoned mansions’

This video shows how China’s property bubble deflated as new-home sales collapsed and more than 50 developers defaulted. In Shenyang, an abandoned “ghost town” reveals the fallout of a boom built on debt and overbuilding that could no longer be sustained.

Watch 'Airhead,' a short movie created by Sora and post-production FX

Using OpenAI’s video-generation tool Sora, a user can create impressive, hyper-realistic video footage from a simple text prompt. This short film features a whimsical look at a balloon-headed person navigating the world.

Visualizing shifts in emotional performance in film

Computational scientists were curious: has the intensity of emotional expression in films changed over the decades? Using their sophisticated analytical models, the researchers discovered actors' emotional performance has declined in intensity over time. They believe the close-up shots common in contemporary film-making allows actors to be more subtle in their performance. Check out the main takeaways and charts with this unusual study.

Watch a simulation of a collapsing star becoming a black hole

When a massive star can no longer release enough energy through fusion in its core to fight off gravitational collapse, the dense core collapses first, producing an event horizon that traps light within it, including some light produced within the star at the time of collapse. As more material falls into the growing event horizon, the star will appear to eclipse itself from the inside.

The setting of the comedy film ‘Bio-Dome’ was inspired by Biosphere 2

The film features characters played by Pauly Shore and Stephen Baldwin who accidentally lock themselves inside an experimental biosphere, mistaking it for a shopping mall, while searching for a bathroom. With a Rotten Tomatoes score of 4%, it is considered one of the best-worst movies of all time.

Hollywood helped fund American military activity by boosting bond sales

To help fund its WWI military activity, the US introduced Liberty Bonds—government-issued debt marketed directly to the public. Starting at $50, the campaign targeted working Americans and offered Thrift Stamps to make bond-buying more accessible. Hollywood led the charge, with stars like Charlie Chaplin and Mary Pickford boosting bond sales.

See images of the spring break scene of the '80s

There’s an artificial intelligence model trained on bankruptcy law

Although it's designed for lawyers, the tool is able to help everyday browsers synthesize important cases and point users to relevant documents about them. One sample using it asks Chatlaw to explain the significance of a recent case and then to define relevant terminology.

Spielberg improvised most of the iconic D-Day scene from 'Saving Private Ryan'

Although action sequences are often tightly choreographed, one of cinema's most famous war scenes was mostly shot on the fly. Spielberg wrote seven pages (or approximately seven minutes of screen time) for the scene, though the final cut of the sequence was 25 minutes long.

In 1984, Apple ran an award-winning Super Bowl commercial

Directed by Ridley Scott and a winner at the Cannes Lions International Advertising Festival, the clip features a heroine flinging a sledgehammer at a Big Brother-style figure delivering a speech. As the screen shatters, a voiceover proclaims that Apple's release of the Macintosh will ensure, "1984 won't be like '1984.'"

A 3D animation brings Pompeii's final day to life

This animation recreates the city from a rooftop vantage point, showing how an ordinary day turned deadly as Vesuvius erupted. The most chilling moment comes when a 900-degree cloud of toxic gas engulfs Pompeii in seconds.

Visualizing $102T of global debt

Which countries have the most debt? And how does it stack up against their gross domestic product? This visualization, based on data from the International Monetary Fund’s October 2024 outlook, has answers.

A 2002 profile of unprofitable Netflix as it bet on a subscription model

The streaming behemoth saw the potential in subscriptions early, and in this 2002 profile CEO Reed Hastings was already talking about plans to offer "downloadable" movies. The profile serves as a historical artifact confirming the startup's risky bets and showcases the contingent factors that led to its success. (Some users may experience a paywall.)

Watch this video that uses Lego bricks to explain how venture capital works.

The animatronic shark from Steven Spielberg's 'Jaws,' the first modern blockbuster, was a complex underwater apparatus called 'Bruce.'

Roughly 43 million US borrowers owe roughly $1.7T in student debt, the second-largest source of consumer debt behind mortgages.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

See 33 images that became central to huge scandals, including a young Charles and Camilla, Michael Jackson's baby on a hotel balcony, and Hugh Grant's mugshot.

Dorothy's famous entrance into Oz in 'The Wizard of Oz' relied on analog tricks, including a body double and sepia-toned paint, as much as it did on technology

According to the physics of black holes, our 4D reality may be a hologram—a projection of information coded on a 2D surface on the edge of the universe.

The distributor behind 'Rocky Horror' pulled the film from its scheduled national release, believing it would be a failure, though it eventually amassed a dedicated fanbase through midnight showings, a trend that continues over 50 years later.

Hedge funds, the private investment firms that trade a wide swath of financial assets, make money by imposing steep fees on investors and from the fund's investment performance.

Watch a 1934 short film starring jazz legend Cab Calloway, a major figure in the Harlem Renaissance's music scene

Massive 3D printers have been used to build homes by stacking layers of 'concrete toothpaste,' a fire-resistant material that effectively insulates against outside noise.

Browse a detailed visual analysis of over 200,000 similes—comparisons that often use 'like' or 'as'—from popular fiction to see how frequently writers the same idiomatic expressions.

Alzheimer's can lead to brain shrinkage, with an average of around 2% of volume reduction per year

In 2009, the nation was gripped by the story of a missing young boy who was believed to be floating over Colorado in a homemade balloon, until it was revealed that he was at home the whole time.

Explore the known asteroids, comets, and spacecraft involved in asteroid studies within our solar system with 'Eyes on Asteroids,' a 3D visualization from NASA.

Visualize how CRISPR-Cas9—a type of immune system used by single-celled organisms to attack invasive viruses—targets and makes precise changes to a gene's DNA.

Fireworks make a loud booming sound after exploding due to air expanding faster than the speed of sound.

Hotels in Cannes, the glamorous city on the French Riviera, hire hawks to ward off seagulls during the city's famous film festival.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

Discover the catastrophic consequences of a failure of the US electrical grid—something that is more likely than many Americans think.

See a 3D reconstruction of Tenochtitlan, the Aztec capital that was home to an estimated population of 200,000 to 400,000.

Long before Major League Baseball began allowing instant replay for balls and strikes, an umpire reluctantly used the technology to determine whether a hit was a home run, a move that inadvertently ushered in a new era for the sport.

Watch contemporary footage covering the US-backed Shah of Iran fleeing the country in the face of the 1979 Iranian Revolution

Ebola is a filovirus, meaning it resembles a thread under a microscope, though it sometimes twists and can resemble a bowl of spaghetti.