that Jane Austen’s “Pride and Prejudice” is a love story. A truth less universally acknowledged is that it is also about money. When Mr Darcy first enters the Meryton assembly, the stir he causes owes something to his looks and bearing. But it owes a lot more to the fast-circulating report of his £10,000 a year. Darcy’s money is old money. It comes neither from commerce nor the professions, but from Pemberley, the family pile in Derbyshire.
To understand it, consider the goals of public-debt management. One is to finance budget deficits at the least cost consistent with steady taxes and spending. Another is to supply safe and liquid financial assets. The more able governments are to meet the demand for securities, the lower and more stable is the long-run cost to the taxpayer. The need to keep costs down leads them to issue short-term bills, which are usually in high demand and carry the lowest interest rates.
There are advantages for bondholders, too. A floating-rate perpetual would be a super-liquid, super-safe asset. A fixed-rate perpetual, meanwhile, would be in high demand from pension funds with promises to retirees that stretch into the indefinite future. Ideally the coupon would be inflation-protected.
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'Everything has to be got with money' (Mansfield Park)
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Why oh why is NY Governor Andrew Cuomo being praised for his coronavirus response?'Governor Andrew Cuomo does not deserve kudos for his COVID-19 policies. He put the elderly at great risk,' writes Glenn Harlan Reynolds in usatodayopinion usatodayopinion The Criminal incompetency of the Cuomo Administration will go down as one of the greatest failures of a States leadership in US History. usatodayopinion If Cuomo does not deserve kudos for his Covid19 policies, Trump deserves severe condemnation for his incompetent response. usatodayopinion The Left does not care. They will find a way to blame Trump for Cuomos policies. You will read stories explaining how many lives could have been saved had we started the lockdowns sooner...just remember who starts and ends those lockdowns...THE GOVERNORS!
Source: USATODAY - 🏆 100. / 63 Read more »
Why Your 401K Is Filled With Corporate Debt Junkies And Why It’s Only Getting WorseFor a decade, chief executives of the world's largest companies welcomed Fed-sanctioned debt on their balance sheets and made themselves and their shareholders rich. Covid-19 has turned the strategy into an addiction. Paul Singer where are you ? This is ripe for someone of your talent vulturecapatalist Dear forbes, you need to take down this irresponsible article that sends rich readers to vacation all around Navajo Nation. Navajo are experiencing genocidal levels of covid19 infection (they surpass NY). Also? WE DONT HAVE VENTILATORS in towns like taos. Year after year, as the Federal Reserve pumped liquidity into the economy, some of the biggest firms in the United States—Coca-Cola, McDonald’s, AT&T, IBM, General Motors, Merck, FedEx, 3M, and Exxon—have binged on low-interest debt
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'Jane Roe' Reveals Her Stint as an Anti-Abortion Activist Was All an ActIn AKA Jane Roe, Roe v. Wade Plaintiff Reveals Her Stint as an Anti-Abortion Activist Was All an Act All of this media stuff is staged. Thanks for sharing.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
No One Really Knew Jane RoeIn a new documentary filmed the year before her death, Norma McCorvey said that she was paid hundreds of thousands of dollars to participate in the anti-abortion movement. cal_beu writes that her shocking admission makes clear that no one really knew her cal_beu So sad though. As women are used and abused by political ideology all the time. When terminating a pregnancy is just health care. That it's up for public consumption is mysogny itself.
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