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Misreading misleading charts: Alaska edition

August 4, 2011

There's a headline making the rounds this morning that caught my eye because it seemed preposterous: "Apple Stock Helping the Alaska Permanent Fund More than Oil." It's everywhere, but the original instigator seems to be this USA Today article. It looks like nobody bothered to read (or understand) the Fund's actual returns. First of all, the Alaska […]

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The very first CDS

June 10, 2010

Yes, conspiracy theorists, there is a link between environmental disasters and financial meltdowns. In the wake of the Exxon Valdez disaster, Exxon was faced with $5B in fines. The company turned to its banking partner, J.P. Morgan, and asked for a line of credit in that amount. J.P. Morgan was reluctant to grant the loan for […]

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