Utah, like so many other states, is trying to adapt their state budget to the current economic conditions. In general this translates into budget shortfalls, often resulting in spending cuts and tax increases. I recently received a flyer from Senator Wayne Niederhauser that included a survey about political priorities. Question two was:

This past [...]

Since the economic markets started imploding in a major way earlier this year we’ve hear a lot about about “credit default swaps” (CDS). I’ve seen a few attempts to explain what these particular financial tools are but still didn’t feel like I had a good grasp on what they were.
Last night 60 Minutes had [...]