For most small business people, the ideal life goes pretty much like this: a few years of all-consuming obsession to get set up, followed by
Newly-minted anthropology PhD Sarah Kendzior has written a chilling piece for Aljazeera on what things are really like in academia these days: The closing of
Meredith Whitney was an obscure Oppenheimer & Co. bank analyst back in 2008 when she broke from the pack and predicted Armageddon. She was right,
Last month I took a long, winding West Coast trip, partially for work and partially to see some old friends. It was…shocking. Almost without exception
The euro is down big lately, which is to be expected. Over-indebted countries have traditionally used devaluation to keep their debts from crippling them. The
When investors decide to close out their riskier positions and move into “cash”, they don’t actually go to the bank and get a stack of
As everyone knows by now, Greece, Spain and the rest of the PIIGS countries can’t fix their economies because they can’t devalue. If they were
In market parlance, volatility is another word for fear. That’s why a volatility index like the S&P 500 VIX Short-Term Futures — aka the VIX
Not all that long ago, most college campuses were pleasant but somewhat austere places where kids without much free cash learned from modestly-paid (but dedicated
Live by the sword, die by the sword. The 1% have spent the past couple of decades accumulating an ever-bigger share of the world’s fiat-currency-inflated
Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone shares ownership of or has access to
Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from Brussels — have looked into
Today’s world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode. And when confronted with this
Capital, like information, wants to be free. The idea that it should be limited to one country has always struck rich people as silly, which
New tech is always a double-edged sword, with benefits balanced to an extent by the risk of misuse by idiots or criminals. Airplanes make possible
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