Sublime

Low interest rates fed the demand for credit, while financial innovation increased its supply. The explosive growth of the market for complex mortgage securities was driven in large part by a desperate search for yield at a time when interest rates were at multi-decade lows.

MANHATTAN AS MECCA If—in America—dense, transit-served cities are better, then New York is the best. This is the clear and convincing message of David Owen’s Green Metropolis, certainly the most important environmental text of the past decade. This book deserves a bit more of our attention, so profound is the revolution in thinking that it represen

When publishers invented the agency model of e-book pricing (discussed above and in Chapter 5), they put down a marker, which was that they wanted to get 70 percent of what the consumer spent on e-books. Amazon took the same number as their new royalty basis for self-published authors. Upload your e-book to them, follow certain pricing and other gu