City of Baltimore
City solicitor for the City of Baltimore, Maryland
PROFILE
George Nilson
Guest
FROM George Nilson
Which Way, L.A.?
Barclays, LIBOR and Banking Culture The latest global financial scandal may be the biggest of all, involving a benchmark used to set interest rates for contracts worldwide. It's the London Interbank Offered Rate, or LIBOR . As the world learns more about international banking, one public policy expert calls it a "cheating culture."
To the Point
The LIBOR and Why It Matters The London Interbank Offered Rate , or LIBOR, is what banks charge each other to borrow money, and it's not just for financial wonks and accountants. It's also used as a benchmark to set rates for $350 trillion in contracts: commercial loans, home loans, car loans and credit cards, including yours.
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The Mixer
The march toward a teachers strike sounds familiar Higher salaries, larger class sizes, more counselors, librarians and nurses. Those are just some of the demands that members of United Teachers, Los Angeles - the union that represents teachers' at LAUSD - are asking for.