PODCAST: Living in the ‘state’ of Silicon Valley

Timothy Draper has a crazy idea. The noted tech venture capitalist is pushing a ballot initiative to break California into six separate states. 

Plus, now that the House of Representatives voted to raise federal borrowing authority, investors signaled increased interested in buying one month T-bills, which lends money to the federal government for one month (which in turn caused interest rates to fall to the lowest level in three weeks).  In other words, markets felt more secure in investing in the shorter term.