LIBOR, the benchmark rate for trillions of dollars of financial products is going to be phased out. This news escaped my radar until recently and now there are many articles on this subject. One of the benchmark rates being pushed as a substitute is SOFR. So what is SOFR ?
In pursuit of science, fitness, and happiness, this article is a continuation of the video shared here on fat loss. The chemical equation of human fat C55H104O6 decomposes into Carbon and Oxygen. Ruben Meerman’s video on the mathematics of weight loss led to the genesis of this article. Dipped with a small dose of quantum mechanics, this article shares a very brief overview of the micro world of elementary particles and laws of nature governing our bodies and this Universe.
Carbon, Hydrogen and Oxygen atoms play a fundamental role in burning fat. About 96% of human body is made up of carbon, oxygen, hydrogen, and nitrogen. Hydrogen and Helium are also the elements which build the atomic mass of our universe. Hydrogen and Helium atoms make up 99.8 % of all atoms and 98% of all atomic mass in the Universe. An atom has protons and neutrons in its nucleus with electrons orbiting the nucleus. Protons and neutrons have the same weight which is much more than the weight of electrons. Mass of electrons is negligible compared to the weight of protons and neutrons. The number of protons decides the elementary characteristics of the elements on the periodic table. The mass differs from the weight. Mass measured by mass of atoms in the body which is equal to the mass of protons and neutrons combined. Mass is constant while weight changes according to the gravitation pull of the planet. The movies Interstellar and The Martian are good examples of how weights can vary in different planets. Continue reading “One for Science: Elementary Particles, Mass and Forces of Nature”
This article has first posted here on July, 18 2017. Sharing it again.
ETF also known as Exchange Traded Funds are on a meteoric rise globally. According to a report by PWC, ETF’s in the US is going to grow to $5.9 trillion by 2021, a whopping 23% cumulative annual growth compared to $1.6 trillion in Europe and $560 billion in Asia. ETF’s are passive investment products which track an index. Exchange Traded Funds are linked to different asset classes like equities and commodities. In the US, S&P 500 would be a broad equity index so an ETF linked to S&P 500 would replicate this index. Replication here means it would track the index. ETF would not outperform the underlying index i.e. S&P 500 but rather deliver similar returns. Let’s understand a few concepts here. Continue reading “Exchange Traded Funds: Rise of Passive Investing…Series Begins”
Check out the new world fin-tech report by Capgemini. Capgemini, is a world leader in financial and technology consulting and yearly publishes the prestigious fin-tech report. The report can be downloaded on Capgemini’s website.
The Innovative Finance Revolution is one of the best reports on innovation in social finance. Social finance was evolved over the years and with philanthropy and corporate social responsibility evolving through evidence-based social impact, attracting private capital has been imperative for sustainable work in the social sector. I read this report while I was in Seattle and found it to be one of the most comprehensive reports on different projects and modes of financing used by various foundations, multilateral organizations and nonprofits in implementing sustainable social projects in emerging and poor economies or sustainable infrastructure projects in Americas. From social impact bonds, green bonds to vaccine immunization bonds, report chronicles articles by leading experts and practitioners in developmental finance. UN estimates $50 to $70 tr of capital to implement Sustainable Development Goals over the next 25 years, a huge task which can only be achieved by attracting private capital. Rockefeller Foundation is the world’s leading foundation and a bellwether in innovating impact capital in philanthropy. To achieve UN Sustainable Development Goals, a gap of approx. $2.5 tr annual funding gap is required from the $200 tr pool of private capital. Continue reading “The Innovative Finance Revolution: Private Capital for the Public Good (Foreign Affairs Special Edition)”
I am presently reading, The End of Poverty by Jeffrey Sachs which includes a foreword by Bono, one of the greatest musicians of our time. From I still haven’t found what I am looking for to Staring at the Sun, Bono of U2 group is a quintessential pop and rock musician, known among other things to be a great philanthropist and humanitarian.The End of Poverty gives an in-depth analysis of the various factors that led countries on different paths to prosperity and poverty. Jeffrey Sachs, an imminent development economist, shares both practical and pragmatic overview of international development and policies pursued in eradicating poverty. A detailed review would also come up. The other book which deals with eradicating poverty and on my reading list is Banker To The Poor, by Muhammad Yunus of Grameen Bank. Dr. Yunus, a Nobel Peace Prize laureate, revolutionized micro-finance in Bangladesh and is known as father of modern micro-finance. Continue reading “Book reviews coming soon…”
I will resume writing again after a break for sometime now. An article on Fed rates is pending which will give a good overview on importance of Fed rates and how Fed manages fed rate.