So bankers who have trillions in derivative bets dependent on the direction of Libor, participate in the setting of the rate. What could go wrong?
Join the Bubble Stocks: Just Add Blockchain to Your Company Name
Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
U.S. Universities Continue to Produce Communists
The econ department is out-of-step with young people, they claim. Capitalism is for old folks these two write, “according to a Harvard University study, ‘only the age group above 50 years old contains a majority that supports capitalism.’”
Netflix: Spend, Borrow, Issue Stock, Repeat.
In 2015, Netflix’s negative cash flow was $750 million. Last year, negative cash flow was $1.47 billion and through 9 months this year, $1.3 billion. Be that as it may, the company just sold $1.6 billion of bonds with a yield of 4.875%.
Will People Die Soon Enough to Save Pension Plans?
Nevada PERs is thinking about making a change, from assuming 8% investment returns to 7.5%. The higher the assumed rate, the less future beneficiaries have to contribute.
What has Homebuilders so Confident?
Here in the west, sentiment is a smoking 77. In the South, 68, and in the Northeast sentiment rose one point to 50. In the midwest, 63 is the number.
The CNN Smearbund
And while CNN portrayed the proposed Pebble mine trashing miles of pristine salmon breeding grounds, the mine is to be located 100 miles away.
The Rent will Become Too Damn High
Nothing like a billion plus tax dollars to turbo-charge a neighborhood. Eli Segall reports for the Las Vegas Review Journal, “The Las Vegas Convention and Visitors Authority aims to finish the convention center’s 1.4 million-square-foot expansion in 2021. It then plans to renovate the existing 3.2 million-square-foot facility.”
Local Housing Policy: A Libertarian Goes for a Seat on Charlotte's City Council
While Scott’s thoughtful free-market answers play well to the internet crowd, most locals want government to rule real estate with an iron fist, with their input, of course
Dutch Mania Again: Family Sells Everything to Buy Bitcoin
The Dutch (irony noted) family of five is getting rid of their 2,500-square-foot house, all their creature comforts, even their shoes and loading up on cryptocurrency’s #1 brand.
America's been there before: Opioids versus Alcohol
That’s 10,000 people a year. Significant, but small potatoes, compared to alcohol. According to the Center for Disease Control, from 2006 to 2010, an average of 88,121 people died each year from alcohol consumption.
Young Americans Pine for Socialism while Venezuelans Live the Horror
Meanwhile we have a modern socialist experiment imploding before our eyes. These policies have led to shortages of everything, from food to toilet paper, while the government’s printing presses have created hyperinflation.
Mises Killed Homo Economicus long before Thaler
In Mises's view, economics doesn't deal with homo economicus at all, but with homo agens: man "as he really is, often weak, stupid, inconsiderate, and badly instructed."
North Koreans Remember and Prepare While Trump Tweets
The hate, though, is not all manufactured. It is rooted in a fact-based narrative, one that North Korea obsessively remembers and the United States blithely forgets.
Bitcoin: Hope Springs Eternal
Of course, that’s the problem, no one can really explain bitcoin or any of the other brands of cryptos.
Musk vs. Buffett
Meanwhile, Warren Buffett is betting humans will be driving trucks for a long time to come. He bought 38.6% of Knoxville, Tenn.-based family-owned Pilot Travel Centers LLC. Pilot Flying J and plans to boost ownership to 80 percent in 2023.
Gold-backed Yuan and the Cryptos spell trouble for the Dollar
Not bitcoin backed, not ethereum backed, g-o-l-d backed. How low tech of the Chinese. For the moment, oil is priced in dollars, whether it’s Brent or West Texas Intermediate.
My Bitcoin: Lost Forever on the Blockchain
That was October 5, 2013. The following Monday bitcoin traded for $125.94. My lost crypto was no big deal then. Now, trading over $4,000 per coin. Much bigger deal. It turns out I’m just one of many to lose my coin.
Rocket Man Musk's Fantasy Land
Musk has never met a timeline he hasn’t blown, whether it's making cares, rockets or solar panels.
Politically Incorrect Architecture
“Abolish social housing, scrap prescriptive planning regulations and usher in the wholesale privatisation of our streets, squares and parks,” wrote Oliver Wainwright who was paraphrasing comments made by Patrik Schumacher shocking his architect colleagues in Berlin. Suddenly, Schumacher became “the Trump of architecture."