Chart of the Day: Applied Energetics

According to Yahoo!Finance, “Applied Energetics, Inc. engages in the development of ultra-short pulse lasers, laser guided energy, and direct discharge electrical products for military and commercial applications worldwide.”

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The Study of Failure

“'Here is the government guaranteeing borrowing, which means a note by Chrysler is equivalent to a Treasury bond,' said Burns. 'If Chrysler gets this loan - which is riskless to the banks - a failing and inefficient firm will get credit, while a well-managed, credit-worthy firm will not get credit.' ("Comparing the Chrysler Corp. with a private individual, former..." UPI Archive: Domestic News, 27 Oct. 1980. Infotrac Newsstand. Accessed 23 Jan. 2019.).”

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