Big Banks Use a Footnote to Look Smaller (jdargis)
Critics of bank complexity like this approach because it seems simple. There is no need for regulators to estimate the risk of assets. The banks just have to have enough capital, relative to their size, to weather those risks. You don't need to know how risky the assets will be; all you need to know is how big the bank is.
Though an emerging corner of the educational finance industry, such programs help ease the often crushing debt many American college students face after graduation, proponents say. A small number of lenders have tested the model in recent years, but Purdue is the first American university to officially embrace the concept.
“It looked to us like it was interesting enough that somebody ought to try it,” said Mitch Daniels, the university president and a former governor of Indiana. “For some students, this may be a very preferable option to some of the private loans that are out there.”
The Cost of Professional Development (jdargis)
But it’s shocking to see how quickly all of this money can pile up, even if it’s for professional development activities that I know I should be doing at this point in my career. Even if I tell myself that this should be everything I end up paying to do for the rest of the year (which may turn out to be an incorrect assumption; there’s a lot of year left). Even if I tell myself that it’s a tax deduction, and that I’ll pay it off before December 31, 2016.
Path to the Great Reset (Michael F.)
This is just basic economics, but French economist Richard Cantillon noticed something especially nefarious about this dynamic way back in the early 1700’s. When such a fiat money system is employed, the people who receive the new money first – always the politically connected and financial elite – become fantastically wealthy while everyone else becomes poorer over time. In other words, Cantillon said, this system actively transfers purchasing power away from everyone who holds money, and it funnels this purchasing power directly to the few people who are on the receiving end of the printing presses!
Openness can be messy. If not accompanied by lucid, compassionate policies that acknowledge its downsides, it can hurt our fellow citizens, such as those who are unable to compete with cheaper labor available elsewhere.
To meet demands, the national oil company imports around 50% of its fuel needs. The remainder is then supposed to be imported by private fuel distributors.
But for months these companies have been reducing their imports leading to the current fuel shortages.
Coral reefs are the crucial incubators of the ocean’s ecosystem, providing food and shelter to a quarter of all marine species, and they support fish stocks that feed more than one billion people. They are made up of millions of tiny animals, called polyps, that form symbiotic relationships with algae, which in turn capture sunlight and carbon dioxide to make sugars that feed the polyps.
An estimated 30 million small-scale fishermen and women depend on reefs for their livelihoods, more than one million in the Philippines alone. In Indonesia, fish supported by the reefs provide the primary source of protein.
As poorer countries develop and the world’s population grows, emissions associated with food waste could soar from 0.5 gigatonnes (GT) of carbon dioxide equivalent per year to between 1.9 and 2.5 GT annually by mid-century, showed the study published in the Environmental Science & Technology journal.
It is widely argued that cutting food waste and distributing the world’s surplus food where it is needed could help tackle hunger in places that do not have enough – especially given that land to expand farming is limited.
Gold & Silver
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