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How Mortgage Bonds Are Made

None of the following is essential to understanding mortgages from a personal finance standpoint, I just thought the details of mortgage securitization and mortgage bond trading and structuring would be interesting for some people.<p>I sold mortgage bonds at Goldman for a few years in the early 2000s, …

A Teenager Got A Zero On A Big Exam After Writing This Powerful Essay On Injustice In China

These exams are extremely stressful, and students overwhelmed by the pressure sometimes commit suicide, often dubbed Gaokao suicides.<p>It doesn't help that the essays of the top scorers, and sometimes those with a zero, are released to the public.<p>One teenager, however, obviously didn't care about his …

WSJ House of the Week: And the Winner Is...

If You Can Solve This Math Problem, Then A Texas Banker Will Give You $1 Million

Held by the American Mathematical Society, the $1,000,000 cash prize goes to the first to prove the Beal Conjecture, an offshoot of the legendary Fermat's Last Theorem proof that was solved by Andrew Wiles in 1994.<p>Here's the problem that can make you rich.<p>Fermat's Last Theorem went unsolved for …

Rules for writing: block that metaphor!

Lord Foulkes of Cumnock, the former Labour Scotland minister, said the other day of Nigel Farage: "He is like a bull in a china shop and has just …

They think it's all über: London braces for all-German Champions League final

It is less than a mile from the home of the London club that broke Bayern hearts 12 months ago, but there is a corner of the Fulham Road that is …

German IT firm seeks autistic workers

Declaring its eagerness to find workers that "think differently", a German software giant has announced it plans to recruit hundreds of people with …

9 Formulas You Must Know To Pass Wall Street's Hardest Exam

There are several formulas a candidate must know and understand to pass the exams, far too many to be included in one small slideshow.<p>With that said, here are 9 formulas candidates are likely to need on any of the three levels of the CFA exam, the test that validates the Wall Street analyst.<p><i>NOTE:</i> …

How to make the perfect Victoria sponge cake

It may not be fancy or fashionable, but I would be hard pressed to think of a cake I liked better than the simple Victoria sandwich. Coffee and …

5 Essential Steps for Keeping Your Computer Safe

Computers house so much of our personal data that it’s essential to set up protective measures in case of cyber attack or mechanical failure. These …

22 Baby Names That Are Surging In Popularity

Of particular interest are the names that exploded in popularity over the past year.<p>Here are the fastest growing names for each gender.<p>Fastest growing boys names in 2012:<p>And here are the fastest growing girls' names:<p>As Laura Hudson at Wired pointed out, Arya is a popular tomboy character from the …

Grammar rules everyone should follow

The Idler Academy's inaugural Bad Grammar award was bestowed last week on 100 academics who wrote an open letter to Michael Gove in March criticising …