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Plutocrats and Greedflation
The term “greedflation” has become a focal point in recent economic debates, referring to the practice where corporations exploit inflationary periods to drive up prices more than their actual cost increases would justify, thereby padding profit margins. This phenomenon raises complex questions about the forces driving inflation and the ethical implications of corporate pricing strategies.…
antitrust enforcement, Competition Bureau, consumer protection, corporate accountability, corporate ethics, corporate pricing strategies, corporate profits inflation, Economic Policy Institute, excess profits tax, food industry pricing, greedflation, grocery price investigation, inflation causes, inflation policy, pandemic price increases, price gouging, profit margins, supply chain disruptions, wage stagnation -
Cravath/Milbank Scale and Big Law
Historically, “white-shoe” firms—a term rooted in the white buck shoes popular among Ivy League students—refer to elite firms in law, finance, consulting, and accounting that serve major corporate clients in the financial world. These firms have long prioritized recruiting top Ivy League graduates, leveraging both their credentials and networks to enhance their own prestige and…
attorney salaries, Big Law, corporate law, Cravath System, elite law firms, hourly billing, Ivy League recruitment, law firm compensation, law firm partnerships, law firm training, legal billing rates, legal career path, legal industry, legal profession, legal recruitment, Magic Circle firms, Seven Sisters law firms, up or out policy, white-shoe firms -
Salary Considerations Before Moving to Canada
While Canadian cities are known for high living standards and social welfare programs, American salaries, especially in fields like tech, healthcare, and law, far outpace Canadian ones. With Canada grappling with skyrocketing living costs and stagnant wage growth, it’s worth examining whether its social benefits justify the widening income gap with the United States. Whenever…
canada, Canada brain drain, Canada US economic comparison, Canada US salary comparison, Canadian cost of living, Canadian housing affordability, Canadian housing crisis, Canadian immigration impact, Canadian inflation, Canadian job market, Canadian real estate prices, Canadian tax rates, Canadian universal healthcare, Canadian vs American wages, economy, finance, healthcare costs comparison, high earners Canada US, politics, professional salaries comparison, real-estate, tech salaries Canada US, US Canada income gap, US tech salaries -
Careers in Financial Services
Want to work in finance? Be a corporate baddie? What the hell do these guys in suits do anyway, and how do I join the club? There are so many jobs I don’t want to do, but maybe you want to make it on Wall Street and don’t know your options. Let’s take a brief…
CFA certification, corporate finance, ESG investing, finance career paths, finance careers, finance compensation, finance education, finance industry, finance job market, finance professionals, finance pros and cons, financial analyst, financial careers outlook, financial industry trends, financial planning, investment banking, portfolio management, Wall Street jobs, work-life balance in finance -
Efficient Markets and Other Hypotheses
The stock market can somehow see the future. At 11:38 a.m. on January 28, 1986, the space shuttle Challenger launched, and about two minutes later… It took more than five months to conclude that the explosion was caused by the shuttle’s O-rings on the right solid fuel booster rocket, which was attributed to a company,…
adaptive market hypothesis, Andrew Lo, behavioral economics, Challenger explosion, efficient market hypothesis, EMH, Eugene Fama, finance, financial theory, index funds, investing, investor behavior, market anomalies, market bubbles, market information, market rationality, Morton Thiokol, passive investing, personal-finance, stock market, stock market efficiency, stock pricing, stocks, value investing -
Myth: All Lawyers Are Rich
Hollywood often glamorizes lawyers as slick, well-dressed, and wealthy. But before you take the LSATs and try to live out your Legally Blonde fantasy, let’s take a closer look at the reality. The legal profession in the United States is characterized by a striking bimodal salary distribution for new lawyers, revealing a stark divide within…
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Myth: Can you hand a lawyer a dollar bill to establish a confidential attorney-client relationship and freely confess to crimes without fear of legal repercussions?
To understand the “$1 lawyer” trope, we must first delve into the true nature of attorney-client privilege. That’s right, no explosions or experiments—just the power of legal research to test this myth. Who’s in charge of this? At its core, attorney-client privilege is a fundamental principle of the legal system, designed to encourage open and…
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The AI Boom
There’s a lot of money flowing into AI right now. Some people argue it’s an overhyped bubble, while others believe we’re entering the next stage of human prosperity. Let’s explore the background of the AI boom, the skeptics, and the enthusiastic believers. Artificial Intelligence refers to the simulation of human intelligence in machines that are…
academia vs industry, AI applications, AI boom, AI challenges, AI equity, AI ethics, AI future, AI history, AI hype, AI in finance, AI investments, AI regulation, AI revolution, AI skepticism, AI stock prices, artificial intelligence, automation, autonomous vehicles, bias in AI, big tech, deep learning, healthcare AI, innovation, intellectual property, job displacement, machine learning, NVIDIA, privacy concerns, technofideism, technology bubble, venture capital -
Exploring the World of Cryptocurrency
Let’s dive into the fascinating world of cryptocurrency: blockchains, ledgers, Bitcoin, and my new BOK coin, which is pegged directly to Jerome Powell’s blood pressure. What is Cryptocurrency? To start with the basics: What exactly is cryptocurrency? Simply put, it’s a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies,…
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What is the stock market?
The stock market originated in the 17th century, allowing individuals to fund expeditions in exchange for profits. It has experienced booms and busts but remains crucial for financing businesses and creating wealth. Stocks represent ownership in a company, offering profit shares and voting rights. They can be private or public and are regulated by the…
Body of Knowledge 