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Here’s the perfect example of how insane our financial system has become. It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish banking giant Banco Popular had been sold to Banco Santander for the price of just 1 euro. Note- that’s 1 euro in TOTAL. Not 1 euro per
In 1559 while on a trip to southern Bavaria, Swiss scientist Conrad Gesner spied a curious flower in the garden of a diplomat in Augsburg. The flower was called a tulip, derived from the Persian word dulband, meaning “turban,” which described its conspicuous shape. Gesner was intrigued. He asked the
It’s that time of year again. Countless high school students across the northern hemisphere are ceremoniously gliding their tassels from one side of their caps to the other and accepting a rolled-up piece of paper to commemorate the past four years of their lives. Many of them will be thrust
Uber reported yesterday that its NET LOSS totaled more than $700 million last quarter, despite pulling in a whopping $3.4 billion in revenue. (This means they spent at least $4.1 billion!) That’s the latest in a string of massive, 9-figure quarterly losses for the company. The only question I have
In 1483, just as Johannes Gutenberg’s new moveable type printing press was spreading across Europe, Sultan Bayezid II of the Ottoman Empire issued a staunch decree banning the machine from his realm. At the time the Ottoman Empire was the dominant superpower in the world, having conquered most of the
Not too long ago I received an email offering the luxury trip of a lifetime to Iceland. It was a package tour… and super impressive. We would have our own private helicopters taking us all over the island for seven days. There was horseback riding, dune buggies, even racing Ferarri
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