Leveraged loans, the latest threat dreamed up by the banks

We all know that the 2008 financial cataclysm was caused by mortgages offered to customers with weak or no credit histories, bundled together to create “investment opportunities”, causing a chain reaction of losses. Now it is the turn of “leveraged loans”, which are offered to companies already in debt, without too many strings attached. Most …

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Why is modern culture so awful?

In the contemporary era, with our record levels of wealth, technological advancement and scientific understanding, it follows that our culture should be as groundbreaking as everything else. We should be composing the best ever music, building the best ever buildings, and painting the best ever art. Yet in most ways, the culture of the past …

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How the Democrats are becoming more like Trump

In America nowadays, we hear a lot about partisan polarisation. Republicans and Democrats couldn’t be more different, it is argued, with the former moving to the right, the latter to the left. This is certainly borne out on Twitter, where Trump’s dominance is matched only by self-described ‘socialist’ congresswoman, Alexandria Ocasio-Cortez. However, in three crucial …

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