This week’s LIBOR scandal did little to curb anyone’s cynicism about the world of high finance. LIBOR, or the London interbank offered rate, is used to set prices for loans, including mortgages, that banks will lend to other institutions. According to this New York Times piece, the LIBOR also, “plays a critical role in the multitrillion dollar market for financial contracts called derivatives.”
You can read the New York Times article or this article from the Wharton School of Business for a more detailed analysis, but the LIBOR scandal basically involves international banks using the LIBOR to make their firms look more profitable. Now the LIBOR methodology, originally conceived to help standardize the rate banks would charge other institutions for loans, is being called into question.
Switching gears to healthcare, if you need any more motivation to get out of that office chair and start exercising, look no further. The go-to online health resource WebMD is reporting on a recent study indicating that aerobic or resistance training (like weightlifting) can, “potentially reduce your risk of getting Alzheimer’s disease.” Researcher, Kirk I. Erickson, PhD, assistant professor of psychology at the University of Pittsburg, believes exercise can even help grow adult’s brains.
Maybe exercise can even reverse the brain drain caused by bloated meeting agendas. But why do we react the way we do when confronted with a crammed schedule? Forbes has some answers. My favorite is, “The understood subtext of most meetings: We probably won’t do most of this stuff.” Our brains want a target to achieve, and if everyone already knows much of the discussion is just hot air, then it’s hard to get motivated.
And if you’d like to work for either of Kyle Wiens’ companies, iFixit or Dozuki, I recommend brushing up on your grammar. “If you scatter commas into a sentence with all the discrimination of a shotgun, you might make it to the foyer before we politely escort you from the building.” Every job applicant must complete a grammar test. Why? Wiens believes he is making prospective candidates prove they are detail oriented and both businesses require extensive writing experience.
As always, if you have relevant news links to post, please share in the comment section below. Thank you and enjoy your weekend.