Author: administración
Living in San Francisco since 2001 is a surreal experience. I arrived a year after the dotcom bubble burst, and the city felt desolate, especially downtown where Credit Suisse was headquartered at 201 Howard Street. I was coming from New York City, which felt vibrant at all hours, including at 5:15 am when I’d walk from my studio at 45 Wall Street to Goldman’s equities office at 1 New York Plaza. (Still wondering whether stepping over the steam from those manhole covers was a great life choice.) San Francisco, the cheapest international city in the world, is tame by New…
In the spring of 1900, a crew of Symi sponge divers en route to fishing grounds off North Africa were forced to shelter from a storm off the island of Antikythera. A diver surfaced babbling about horses and corpses on the seabed 45 meters below. His crew had stumbled onto a Roman cargo ship that sank around 60 BCE, loaded with bronze statues, marble torsos, amphorae, and one shoebox-sized lump of corroded metal that nobody paid much attention to. That lump sat in the National Archaeological Museum in Athens for nearly fifty years before a British-born historian of science named…
West Texas Intermediate and Brent crude’s front month contracts both climbed a as hopes for a peace deal became clouded again.
Hampshire College and Anna Maria College have both announced plans to wind down, joining a a list of other colleges that have announced closures this year. Families committing tuition dollars now have a real interest in spotting financial trouble before it surfaces in a closure announcement.More than 30 New England colleges have closed or merged over the past decade, per the Boston Fed. Huron Consulting Group projects over a quarter of private, four-year schools could close or merge in the next ten years. Forbes’ new College Financial Grades report shows clear balance sheet stress at hundreds of institutions.With these sobering…
On the morning of November 15, 1988, a Soviet spacecraft named Buran lifted off from the Baikonur Cosmodrome in Kazakhstan, circled the Earth twice, and landed itself on a runway in a snowstorm with crosswinds. No pilot. No joystick input. No human aboard. The whole flight, from ignition to wheels-stop, ran on the orbiter’s own software. It was the only time Buran ever flew. Three years later, the country that built it dissolved. The orbiter sat in a hangar at Baikonur until the roof collapsed on it in 2002, crushing the only spacecraft that had ever flown a fully automated…
Borrowers hunting for the “lowest student loan rate” often grab their calculator, see a promising number and assume that’s what they’ll get.But here’s the truth: the rate you see online rarely reflects what you qualify for (except for Federal loans, which are basically guaranteed).Private student loan rates advertised can vary widely – often because of factors you can control (like credit score, cosigner, loan term, and more). But you only want to look at these private loan options after maxing your Federal loans.Paying for college is already challenging enough, but how do you find a lender? What should you think…
As recently as 2020, updating a Boeing 747-400’s navigation database meant a technician boarding the aircraft every 28 days with a sleeve of eight 3.5-inch floppy disks, sitting down in the captain’s seat, and feeding them one at a time into a drive mounted on the cockpit pedestal. The job took about an hour. Each disk held 1.44 megabytes, less than a single photo from a modern phone camera. The 747-400 had entered service in 1989 with avionics certified by the FAA to read from those disks, and three decades later, the same airframes were still being updated the same…
On January 10, 1992, a container ship hit a violent storm somewhere near the International Date Line on its way from Hong Kong to Tacoma, Washington. Twelve shipping containers slid off the deck and into the cold North Pacific. One of them split open, releasing 28,800 plastic bath toys — yellow ducks, red beavers, green frogs, and blue turtles — into the most heavily studied stretch of ocean on Earth. Curtis Ebbesmeyer, a Seattle oceanographer who already had a side career tracking flotsam, heard about the spill ten months later when the first faded ducks started washing up on beaches…
Former Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeches since stepping down from his post earlier this month.
US proposes new plan to ease Israel-Lebanon tensions amid fighting