Monthly archives: July, 2013

The root of all our problem$ and answer to all our prayer$

In July 2013, it was announced that NYSE Euronext would be taking over LIBOR to restore its credibility. Since most people are unfamiliar with what this means, here is a quick primer:

LIBOR = London Interbank Offered Rate. LIBOR is the global benchmark for short-term interest rates. This rate is……


Why own when you can rent?

My father had a reel-to-reel tape player when I was a kid that I have seen in pictures and I vaguely remember 8-track tapes. I listened to albums until around 1988, by which time I had also amassed a sizable cassette tape collection, but traded the whole thing for a handful of CDs……