Watch the Full-Length 'Sold Out: The Underground Economy of Supreme Resellers'

2015-12-23T21:32:13.966Z

On Monday, the first part of Sold Out hit the Internet. The subsequent parts rolled out over the rest of the week, but if you've been patiently waiting to take in the entire project in one sitting, your day has come. Above you'll find the full-length cut of Sold Out, with all four parts edited into a single cohesive whole.

If you need a reminder about the story unfolding, here's Complex Style's associate editor Karizza Sanchez:

In 1994, James Jebbia opened the first Supreme location in a small storefront on Lafayette Street in New York. At the time, Supreme was a brand for skaters by skaters—even the design for the shop was more open so skaters could come right in with their skateboards. But today, 21 years later, Supreme is a legendary streetwear brand that’s cultivated a cult following well beyond that original fan base. Continuing to release product in tightly controlled, limited amounts, the brand is as big as it wants to be in New York, Los Angeles, and London; a titan in Japan—arguably its largest market.

Complex has covered Supreme for well over a decade (Complex was founded in 2002). Most of it was from afar; we wrote about releases or lookbooks. But for the last year or so, our Complex News team has been reporting from the Lafayette Street shop to cover in-store launches. Every story was the same: Lines snaked around the block, kids camped out for hours or days, sometimes even in subfreezing temperatures, just to get any Supreme item. Each Thursday drop was chaos. In April 2014, the NYPD canceled the Supreme x Nike Air Foamposite One in-store launch at the NYC flagship after a riot nearly broke out earlier that day.

But there was something much bigger here. We learned that many were in line to purchase gear that they’d later flip online for big profits, selling apparel and other items for as much as 1,200 percent above retail value. “We started to get to know these people and realized there was a business here and real money to be made,” explains Emily Oberg, Complex Editorial Producer and one of the directors of this documentary. While the reselling market is hardly new, and people have been selling Supreme online for years, it’s yet to be the focus of serious investigation—until now.

Matt Taibbi: U.S. Student Loan Bubble Saddles a Generation With Debt and Threatens the Economy 2/2

2013-08-24T00:34:25.607Z

http://www.democracynow.org - On the heels of President Obama's signing of a measure keeping federally subsidized student loans at a relatively low rate through 2015, Rolling Stone political reporter Matt Taibbi joins us to discuss how the high price of U.S. college tuition and the federal expansion of student debt to pay for it pose a major threat to the economy. In his new article, "Ripping Off Young America: The College-Loan Scandal," Taibbi writes: "The dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It's not the cost of the loan that's the problem, it's the principal -- the appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008. ... Throw off the mystery and what you'll uncover is a shameful and oppressive outrage that for years now has been systematically perpetrated against a generation of young adults." "The government now projects that it's going to make $185 billion over the next 10 years in student loans," Taibbi says. "There is no way out of these loans. Even gamblers can declare bankruptcy, but kids who enter into student loans will never, ever be able to get out of this debt."

See part 1 of this interview: http://youtu.be/lFyJ-MumME4

Watch more reports about the growing student debt crisis at http://www.democracynow.org/topics/st....

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Published on Aug 20, 2013

All Videos Tagged Economy (True Skool Network) - True Skool Network

Watch the Full-Length 'Sold Out: The Underground Economy of Supreme Resellers'

Matt Taibbi: U.S. Student Loan Bubble Saddles a Generation With Debt and Threatens the Economy 2/2