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Social Security In a Time of Recession

…exactly the face value and the yield is exactly equal to the stated interest rate. Which means that the existing portfolio is sheltered from fluctuations in the outside bond market….

The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

Does Saving "Fund" Investment?

…means. It describes an after-the-fact and arguably largely arbitrary accounting allocation of income streams to outflow streams. Imagine 2011, a year in the life of BFC Corp.: INFLOWS Profits (revenues…

More on Carried Interest

…compensation paid to it for its services. But service partners who receive an allocation of partners in payment of their “carried interest” are not receiving a return on a capital…

Information cascade and decision making structure

allocation of funds to community projects by a “city council” of students. There were five or six groups of us, and at the end of the allocation process we all…