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On February 17th 2020, the richest man alive announced that he will donate about 8% of his fortune to fighting climate change. Jeff Bezos, the founder and one of the current shareholders of Amazon, made this announcement through his Instagram account saying that he will donate 10 billion USD to fund “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.” After seeing that post, many people had the same question in their mind: Where exactly will this money go?Continue Reading

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If you are someone who even just occasionally uses Rideshare companies like Uber and Lyft, then you’ve probably noticed how expensive these services are starting to become, even for short trips and with options like “Lyft shared” or “Uber Pool.” Here’s an estimate for the Uber and Lyft pricing for an actual trip I recently made, for around 2 miles worth of total travel. Continue Reading

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There are many justifications for this sudden surge in demand for Tesla stock; however, does any permutation of such reasons warrant a $60 billion increase in market valuation, , especially since Tesla is yet unprofitable?Continue Reading

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The economic and social impact of climate change has become increasingly evident in the past few years. According to the World Economic Forum, the four biggest risks facing the world are failing to adapt to climate change, human-made environmental damage, biodiversity and ecosystem loss, and natural disasters—all related to and caused by climate change. Continue Reading

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FICO Score 10 Suite has just been announced, so what does that mean for you? With average credit scores at an all time high but ever increasing total household debt in the US, the new FICO scoring model is intended to improve consumer behavior predictions and may cause a change in your credit score. Will these changes be advantageous or disadvantageous to you?Continue Reading

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Why International Banks Struggle to Innovate in a Strict Ratings Market. The last time credit ratings probably played a major role in your life—if in fact they ever did—was during the 2008 Financial Crisis. As the canonical story goes, crediting institutions packaged subprime loans, often at B or C level confidence, as reliable A level bonds so that banks could extend their lending power.
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