Why Are Diamonds So Expensive?

Why Are Diamonds So Expensive?

An engagement ring is a remarkably small object on which to place so much weight. It can represent commitment, security, social status and the promise of a shared future. It can also carry a four-figure price tag, even though the polished diamond at its centre may be...
The 2008 Financial Crisis Explained

The 2008 Financial Crisis Explained

The Crisis Was Bigger Than a Housing Crash The 2008 financial crisis is often described as a housing crash. That is true, but only in the same way a heart attack is a blood-flow problem. Technically correct. Not nearly enough. The crisis began with houses, mortgages,...
The Great Depression

The Great Depression

The Great Depression is often remembered through a few familiar images: desperate crowds outside banks, men standing in breadlines, families leaving dust-covered farms, and Franklin D. Roosevelt promising a New Deal. But those images can make the story look simpler...