This American Life's hour-long show on "credit-default swaps" is the best explanation I've heard so far for what the hell these things are and how they ended up causing so much havoc. I keep asking economists, bankers, and finance people what this is all about and while I understood that somehow an exotic, unregulated, non-standardised financial instrument had created trillions in semi-illusory wealth, I just couldn't really understand exactly what that meant. This hour-long audio show does a great job of explaining the technicalities of CDSes, and then delves into their history, regulatory context, and problems, ranging from Congress to bankers to people on the street. Great stuff -- an hour well spent.
Another Frightening Show About the Economy
A leaked recording made of a conference call posted by the Edison Electric Institute, which lobbies for the power industry, reveals lobbyists for high pollution companies talking about how they can exploit the Syrian refugee crisis to get a rider inserted into a pending bill that would kill the EPA’s Waters of the United States […]
Matt Reimer’s homebrew autonomous tractor uses open source components to accomplish the kind of automation that John Deere’s super-proprietary tractors are known for.
Hamilton’s the kind of city where half of City Hall says they’ve been bullied at work, where the “accountability” committee charges you $100 to make a complaint and proposed that it would only investigate if you are never quoted in the press on the matter, and where city policy prohibits linking to its website without […]
Store more on your Mac without making a scene thanks to this microSD memory card adapter. Compatible with MicroSD, MicroSDHC, and MicroSDXC, HyperDrive sits unnoticeably inside your machine without any protruding parts getting your way. Store everything from documents, movies, music, and photos, to Time Machine backups without spending major cash on cloud storage.Instantly expands […]
Carrying this EDC card is like slinging around a handheld toolbox wherever you go. Its minimal design is small enough to fit in your wallet’s billfold, and it’s TSA-compliant so you’ll never leave it behind. It’s got hex wrenches, metric and imperial rulers, flathead and Phillip’s screwdrivers, and a bottle opener so that you’re ready […]
Today only take an additional 15% off the below drones today using coupon code: DRONE15 at checkoutThe Code Black is our top-selling drone of all time—and for good reason. This powerful, palm-size drone is not only insanely fun to fly, but can capture some serious video footage from up above. With a flight time of […]