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A different way to look at the story

The Collapse

The rise, the reinvention, the next chapter.

Industries don’t stand still. Explore the bold bets, unlikely successes, reinventions and market shifts behind their rise and fall—and what might come next.

Industry transformations · Retail · Turnarounds

Explore the channel

Rise.
Reinvent.
Repeat?

Not every ending is the end of the story. Who adapts, who wins, and what comes next?

Explore the stories

An empty shopping mall with escalators and shuttered stores.

The Collapse

The mall was once the center of American consumer life. We trace the economics behind its decline — anchor stores, real-estate finance and changing habits — and what replaces it.

Upcoming documentary

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The Money Trap Briefing.

The story behind the story, in your inbox.

New investigations, surprising business models and primary sources worth your time. Our free briefing is in preparation; join the list for future editions.

The American Money Trap

The Money Trap Briefing.

Issue No. 1In preparation

  1. 1

    The lead investigation

    The new documentary, in five minutes of reading.

  2. 2

    Follow the money

    One business model, explained plainly.

  3. 3

    From the edit room

    What we're researching next, and why.

  4. 4

    Further reading

    The primary sources behind the story.

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