The idea here is that two escapements working in conjunction would provide chronometric performances equal to a fine tourbillon. The interesting part about this watch is not only are there two seconds displays on the dial side, one for each of the escapements, but there is actually a third seconds display, which shows the average of the two.
Author: Edouard Chazal
Poway: It’s Not Too Late To Unwind
The most egregious tranche of all was the longest one: a bond with an original principal amount of $13,986,037.80, which matures in 2051, when bondholders will receive a total of $321,740,000. That’s more than $22 of interest for every dollar borrowed today.
10 Rules For Dealing With The Sharks On Wall Street
If you wondered why the biggest financial firms are fighting tooth and nail to avoid having to maintain a “fiduciary standard,” just look at the fees and expenses in deals like this. There is always big money in the ongoing attempts to turn lead into gold.
Subprime Auto Nation
It’s amazing how many cars you can sell when you aren’t worried about getting paid. This is the beauty of a fiat currency, a printing press, and a taxpayer available to pick up the tab after the drunken party gets out of hand.
Markets Applaud Draghi’s New, Improved Kick The Can Down The Road Strategy
The eurozone mess is the classic illustration of a saying attributed to Herbert Stein, “Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.”
