BankNotes Archive – February 2018
BankNotes Articles from February 2018
The Liquidity of the Life Insurance Industry
by L. Carlos Lara Highly profitable companies can run into financial trouble if they don’t have the liquidity to react to unforeseen events. Even companies with a stockpile of assets on their balance sheets will struggle with cash flow issues when markets crash if those assets are illiquid. In a … Read more
Read MoreInsider Trading Laws: Ruining Lives and Markets
By Douglas French Men who have occupied the seat of United States Attorney for the Southern District of New York have portrayed themselves in recent years as protectors of the investing public. Through the use of insider trading laws, which only came into effect in 1968, Rudy Giuliani, and most recenting … Read more
Read MoreShould We Really Be Encouraging the Master’s Degree for All?
There has been mounting evidence that the financial payoff from the traditional bachelor’s degree is declining, particularly for men. For example, the Census Bureau data suggest that from 2005 to 2016, the average earnings differential for male workers holding bachelor’s degrees compared with those holding high school diplomas fell from … Read more
Read MoreTo Change the World, Change Yourself
by Tony Fahkry “Everyone thinks of changing the world, but no one thinks of changing himself.” — Leo Tolstoy It was the American author and speaker John C. Maxwell who wrote: “Most people want to change the world to improve their lives, but the world they need to change first is the … Read more
Read MoreLiberty vs. the Constitution: The Early Struggle
01/11/2018 Albert Jay Nock [Excerpted from chapter 5 of Albert Jay Nock’s Jefferson] The Constitution looked fairly good on paper, but it was not a popular document; people were suspicious of it, and suspicious of the enabling legislation that was being erected upon it. There was some ground for this. … Read more
Read More