The James Logan Courier

By Tierra Negra, Courier Special Correspondent

In the old days, students in Mexico had to do a thesis after finishing college to officially obtain a “bachelor degree”. Other options have been created since then but, at that point in time, I started a research paper on money market because the financial sector was being deregulated (in preparation for the NAFTA treaty) producing a boom of institutions that started to share banks functions. I was never able to secure a job in this sector forcing me to quit its completion but here are some of the basics I learned.

First of all, money does not have the same value in the present than in the future because of the interest and inflation rates. If I want to buy a car that costs $20, 000 but I have to borrow the money I will be paying an interest which will increase this amount. Same wise, if I have money that I decide not to spend now it will be gathering interest in the bank and I will have a larger amount in the future. The interest is the “cost” of money. Inflation produces a similar effect because you buy less with the same amount of money after a certain period of time.

From wikipedia:
Audre Lorde (born Audrey Geraldine Lorde February 18, 1934 – November 17, 1992) was a Caribbean-American writer, poet and activist.

Life
Lorde was born in New York City to Caribbean immigrants from Grenada, Frederick Byron Lorde (called Byron) and Linda Gertrude Belmar Lorde, who settled in Harlem.

Nearsighted to the point of being legally blind, and the youngest of three daughters (her sisters named Phyllis and Helen), Lorde grew up hearing her mother's stories about the West Indies. She learned to talk while she learned to read, at the age of four, and her mother taught her to write at around the same time. She wrote her first poem when she was in eighth grade.

Read ore about Audre Lorde, free from The Poetry Foundation.