Philip Greenspun explains how Wall Street makes billions -- by bilking taxpayers.
Because of the Collapse of 2008 financial reforms, the big investment banks are able to borrow money from the U.S. government at 0 percent interest. Then they can turn around and buy short-term bonds that pay 2 or 3 percent annual interest. Now they’re making 2 percent on whatever they borrowed. They can use leverage to increase this number, by pledging some of the bonds that they’ve already bought as collateral on additional bonds.
Now that the world is starting to re-emerge from its self-imposed COVID-19 quarantine, we’re all going to have to start making some adjustments to both short-term and long-term changes. And the questions… Should customers be hounded out of a store if they aren’t wearing a face mask? Are crocheted face masks safe or not? And […]
Maybe you had a piano teacher as a kid that drove you off the instrument forever. Or maybe you always wished for some serious training, but never found the time. Whether you have dreams of tossing off a Beethoven or Chopin piece at the drop of a hat or you have visions of being the […]
When you see that curved arrow on the side of a cardboard box, you instantly know that box came from Amazon. The unfurled rainbow feathers of a peacock immediately scream NBC. And a partially eaten piece of fruit in the profile is a world-recognized symbol of tech titan Apple. Icons are powerful symbols, condensing volumes […]