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This week in history: TBTF banks were broken up
This week in 1933, Congress passed The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162) prohibiting commercial banks from engaging in the investment business (ie., underwriting, trading, speculating and selling risk products while calling it … Continue reading
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What financial bubbles giveth they also take away
There is no free lunch. Those who have been most risk-exposed during the past 3 years of QE-induced financial mania have garnered the most paper returns, but also stand to lose the most in the mean reversion phase. Worse, even … Continue reading
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Self-generating fuel cells for in-flight power
Smarter energy solutions are in a boom phase…this is not about the price of oil–its about human evolution. Fuel cells hidden inside trolleys used to serve passengers their in-flight drinks could generate enough additional energy to power an airliner’s entire … Continue reading
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