Is the UK going to be the next Greece or Iceland? When I moved here in 2003, when times were good economically, I did openly wonder about the sustainability of the British economy. It didn't seem to be based on much more than the City...
flushing money down the drain
Stephen Walt:Americans have come to believe that spending government revenues on U.S. citizens here at home is usually a bad thing and should be viewed wth suspicion, but spending billions.
A back of the envelope calculation indicates the New York Yankees are now committed to approximately $875 million in guaranteed salaries over the next several years. To wit (all numbers.
Are you the kind of deviant who has always wanted to festoon your home with pictures of a cat attempting to copulate with a muppet? Your search is over; LGM now carries of wide range of cat-attempting-to-copulate-with-a-muppet related products.Are you a wanna-be-hipster who has tired...
Watch $1.2 billion go up in flames:
It's not just that the Air Force is requesting $112.5 million for PR; it could buy a little more than half of one of the F-22s it so deeply covets.
Here's the thing; I can't even imagine having a job in which I personally had the capacity to lose seven billion dollars: Societe Generale SA said bets on stock index futures by a rogue trader caused a 4.9 billion-euro ($7.2 billion) trading loss, the largest...