"Teenpreneur" Leanna Archer knew a gold mine when she saw one. She was 9 years old when she began using a recipe from her great-grandmother to make hair-care products. At 17, Archer is earning $100,000 a year in revenue.
A vast collection of documents made public in preparation for two major lawsuits explains in detail how credit rating agencies set up the U.S. for the financial crisis and triggered a global recession. The companies' executives and analysts openly admit in countless e-mails to one another that their business model is a fraud. "Let's hope we are all wealthy and retired by the time this house of card[s] falters," one message says.
Rising interest rates will not necessarily translate into higher borrowing costs for companies, at least not the highest-rated ones. Also, in the bigger picture, higher interest rates mean the economy is recovering, which is a positive for all companies. Most companies know rates will not stay low forever and have prepared.