Is it LIBOR…or Lie-Bore?

Most of us don’t think about the London Inter-bank Offered Rate (LIBOR). After all, why should we, even though it impacts many of us on a daily basis? When it comes to money we don’t give thought to LIBOR because we’re more concerned about, well, getting some money in the first place and, in the second place, paying our bills.… [Read more]

Defrosting Democracy

In the wake of the economic crisis, Iceland’s economy was utterly decimated and proverbially screwed by the remainder of the Eurozone. Unlike its Mediterranean counterparts who bowed to German financial autocracy and appointed unelected technocrats, Iceland saw what may be remembered as the most successful democratic resurgence to come out of the global recession, now in its 5th year.… [Read more]