Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time
No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were
Tim Cook drops some hints on Apple’s car plans, shares what he thinks of Elon Musk and Tesla
Apple CEO Tim Cook hinted toward the company’s work in autonomous vehicles, following rumors that the company was in talks to develop its own car.Apple has long been expected to get into the auto business with its own vehicle.Most recently, CNBC reported that Apple was close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle. However, the automakers later said they were not in talks with Apple.Apple CEO Tim Cook hinted at the company’s work in auton
President Biden will unveil his $2 trillion infrastructure plan today – here are the details
President Joe Biden will unveil a more than $2 trillion infrastructure and economic recovery package on Wednesday.The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.PresidentJoe Bidenwill unveil a more than $2 trillion infrastructure package on Wednesday as his administra