On certain college campuses in the United States, particularly places like Oberlin and UC Santa Barbara, there is a new trend afoot to preface potential intellectual discomfort with a “trigger warning.” For example, at Oberlin, if an English 101 professor desires to have his class read “The Great Gatsby”, a drafted proposal to the faculty encourages the professor to “be aware of racism, classism, sexism, heterosexism, cissexism, ableism, and other issues of privilege and oppression” in devising their syllabi. In other words, just like the surgeon general places warnings on packages of Marlboro reds, an English professor would have a duty to warn the student body of the sexism to come in Francis … Read the rest of this article!
Among my investment notes, I keep a copy of a printout from the 1990 edition of the Moody’s Investment Manual that described the prevailing interest rates at the time. In March 19990, the Treasury bond rate was 9%.
The interest rate on debt was further broken down based on the following rates: AAA bonds paid 9.30% interest on its debt, AA 9.7%, A+ 10%, A 10.25%, A- 10.5%, BBB 11%, BB 11.5%, B+ 12%, B 13%, B- 14%, CCC 15%, CC 16.50%, C 18%, D 21%. We have all gotten so used to low borrowing costs that it requires historical reminders of what the world can look like in the event that credit … Read the rest of this article!