World Collapse Explained in 3 Minutes
One from the vault of Clarke and Dawe who remain probably the best commentators on the financial system going around.
DetailsOne from the vault of Clarke and Dawe who remain probably the best commentators on the financial system going around.
DetailsPacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund (PTTRX) trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies. Mohamed El-Erian, 56, the former chief executive officer who previously…
DetailsIn 2008, Porsche was cruising. The luxury car manufacturer generated $13.5 BN in pre-tax profit, and sold a record 98,652 automobiles — a staggering $136K profit per car sold. Even for a luxury brand, the numbers seemed nearly impossible. Upon closer inspection, $11.5 billion dollars of that profit wasn’t from selling cars — it was from speculating on financial…
Details“When I won this, my grandma, who lives in Fargo, North Dakota, wanted to see it. I was coming around so I decided I’d bring my Nobel Prize. You would think that carrying around a Nobel Prize would be uneventful, and it was uneventful, until I tried to leave Fargo with it, and went through…
DetailsMOST PEOPLE ARE discomfited by radical change, and often for good reason. Both the first Industrial Revolution, starting in the late 18th century, and the second one, around 100 years later, had their victims who lost their jobs to Cartwright’s power loom and later to Edison’s electric lighting, Benz’s horseless carriage and countless other inventions…
DetailsThe current issue of Chance centres around the role of statistics in sport. Interesting if you are into that sort of thing – deadly dull if you are not.
The current awful situation with Ebola interests me not only from the perspective of a past professional life but also because of the profound idiocy that surrounds the disease. I had been looking around for a piece that encapsulates the actual facts about Ebola and as chance would have it a More or Less podcast…
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