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Subscribe now You hear a lot about financial market volatility, but not enough about political volatility. Take for example the UK, who are about to have their third Prime Minister in two months, add financial volatility to the middle of the mix. Good thing new PM Sunak is ex-Goldman and
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Subscribe now A long time ago, in a galaxy far, far away, I was looking to get out of the election campaign game. I had just ran a Congressional race and it left a very bad taste about the future. It was a quick run, mostly consisting of spending a
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Subscribe now "It has long been my opinion, and I have never shrunk from its expression,... that the germ of dissolution of our Federal Government is in the constitution of the Federal Judiciary--an irresponsible body (for impeachment is scarcely a scare-crow), working like gravity by night and by day,
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Subscribe now Two recent pieces report the leverage troubles pressing the financial world. This situation is brought about largely in reaction to the leverage crisis of 2008, where nothing was really done beyond central banks dumping a whole bunch of money into the system to paper-over, (that’s an anachronism!
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Subscribe now Some people, not nearly enough, are offended by the gerontocracy running America. Me, I've become a better American over the years, learning to ignore who's wielding the pike and who's getting stuck. Occasionally, I'm still entertained. Take for example the
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Subscribe now “Nearly every age and stage of culture has at some time or other sought with profound irritation to free itself from the Greeks, because in their presence everything one has achieved oneself, though apparently quite original and sincerely admired, suddenly seemed to lose life and color and shriveled
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Subscribe now The FT's Rana Foroohar has a nice video about the American food system, and that's what it is, a system. It’s worth watching if only because it’s on the FT saying corporate globalization is done and everything needs to be rethought, literally
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Subscribe now Webster defines leverage as, 1: the action of a lever or the mechanical advantage gained by it 2: POWER, EFFECTIVENESS 3: the use of credit to enhance one's speculative capacity Financial leverage is a combination of all three, let's start with the last first.
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It is uncontroversial to say Gorbachev was tragically fated to have drunken Boris Yeltsin as the main Russian political figure emerging from his domestic reforms and the United States' National Security State as his greatest clueless foreign adversary. Gorbachev's revolutionary reforms were unmet constructively by the domestic
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Thank you for reading Life in the 21st Century. This post is public so feel free to share it so readership will grow. “Only a great genius can save a prince who undertakes to alleviate the lot of his subjects after a lengthy period of oppression. Evils which are patiently
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Life in the 21st Century is a reader-supported publication. To receive new posts and support my work, consider becoming a paid subscriber. From before the first European’s arrival, Chicago was a transportation hub for the North American continent. It provided a water link from the Mississippi delta to the
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Thank you for reading Life in the 21st Century, it needs a bigger audience, please share. Massive seas of oil in places like California and Texas created the oil industry. From these fields, oil gushed with little effort. Shale deposits, long known by the industry, were smashed between layers of