Ashkenazim
And from 1966, under Regulation Q, there was a ceiling of 5.5 per cent on their deposit rates, a quarter of a per cent more than banks were allowed to pay.
Africa is in fact a more Christian continent than Europe. There are now, for example, more Anglicans in Nigeria than in England.
«Se supone que estamos salvando a estas personas y es obvio que aquí no nos ven como sus salvadores. No les podemos gustar mucho. Si llegamos a una aldea nadie agita banderas, ni corre a echarnos flor...
Without easy credit creation a true bubble cannot occur. That is why so many bubbles have their origins in the sins of omission or commission of central banks.
Until the archives of the Masonic lodges became accessible, researchers were heavily reliant on memoirs and documents confiscated and published by the Order’s foes. Amongst the materials said to have...
There is nothing safer than lending money to people with property. Why? Because if they default on the loan, you can repossess the house. Even if they run away,
The state has to pay 50 per cent, then even reliable commercial borrowers are likely to pay some kind of war premium. It is no coincidence that the year 1499, when Venice was fighting both on land in...
Specified confidence intervals (for example, the statement that 40 per cent of the balls in the jar are white, at a confidence interval of 95 per cent, implies that the precise value lies somewhere be...
Some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the soc...
Solo unas lecciones de vuelo y unos cutters. En el momento en que escribo, ochenta lecciones de una hora de vuelo incluidos el coste del alquiler de la nave y la instrucción cuestan menos de nueve mil...
Making provision for an uncertain future has taken the very simple form of an investment (usually leveraged, that is debt-financed) in a house,
Lo más sorprendente del 11 de septiembre es que no hubiera ocurrido antes. Estados Unidos llevaba años subvencionando a Israel. Había sostenido al régimen del sha en Irán. Había desplegado tropas en A...
Inept or inflexible monetary policy in the wake of a sharp decline in asset prices can turn a correction into a recession and a recession into a depression.
By the second quarter of the twentieth century one in nine German doctors was a Jew, and one in six lawyers. There were also above-average numbers of Jews working as newspaper editors, journalists, th...
Banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to ‘facilitate the movement of money from point A, where it is, to point B, where it...
As masters of the bond market, the Rothschilds were already more feared than loved. Reactionaries on the Right lamented the rise of a new form of wealth, higher-yielding and more liquid than the lande...
Two years later, to provide some competition in the secondary market, the Federal Home Loan Mortgage Corporation (Freddie Mac) was set up. The effect was once again to broaden the secondary market for...
Two epidemics swept the world in 1918. One was Spanish influenza, the first recorded outbreak of which was at a Kansas army base in March 1918. As if to mock the efforts of men to kill one another, th...
Today 350 million people speak English as their first language and around 450 million have it as a second language. That is roughly one in every seven people on the planet.