By Mark Vorpahl Though, for most, the London Interbank Offer Rate (Libor) interest rate fixing scandal appears distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. Accountingdegree.net has created a fantastic infographic explaining the gist of the scandal. The Libor is used to set payments…
Tag: solutions
Let’s Take Uncle Sam and Uncle Scrooge off Life-Support (Us)
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By Elona Trogub Capitalists are great at making money but they’re terrible at predicting the future. All those dollar signs get in the way of seriously looking at the long-term consequences of their actions. Our government is run by and for capitalists. That’s why the U.S. spends half of the global total on militarization. Capitalism…