Monetizing Emma Invests in Smart Teens


Monetizing Emma, a play which imagines a 2013 in which investors can take out bonds against the future earnings of smart teenagers in exchange for loaning the teens money, got a revival at New York’s fringe festival this weekend. We might not have to wait until 2013 for all that, though, since the Times recently honed in on sponsors backing smart teens through Harvard, Great Expectations–style, on the promise of the kids' future earnings. While an interesting idea for a play, this sounds like a precarious moneymaking plan when life imitates art: If you've ever been to college and watched straight-A students radically transform into ... something else, you might not bet on the high-school valedictorian so quickly. [Alphaville/FT]