Word: cash
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...journalists to embrace my radical solution, I decided to be the first columnist to solicit product placement. This would also allow me to show my bosses just how valuable I am - in cold, hard cash. If I'm pulling in high-end cars and watchmakers and Joe Klein has nothing but socialist beard trimmers, I think we know who's going to survive the next round of layoffs...
...prepared to have Tupper reject me. Instead, he offered $25,000. I was hoping for about a quarter of that, and I was expecting it less in cash and more in posters and caps. A $25,000 check would more than cover the entire cost of this column, even including the dinner I claimed I had with him both in the paragraph above and on my expense report. I quickly accepted the check on TIME's behalf, promising that I'd subtly work his 100% American-made, antioxidant superpower juice into my column in a way no one would ever...
...monitor the risks at the banks where they put their money and pay for getting it wrong. But these bond buyers are pros. If there is to be any market discipline of risk-taking by banks, bond investors ought to be the ones who enforce it by withholding their cash from the bad apples - and paying the price for misjudgments. Plus, a few concessions from creditors could ease the burden on taxpayers dramatically. If Citi's $486 billion in wholesale debt were converted into common shares - admittedly a pretty extreme solution - the company's balance-sheet woes would evaporate. Which...
...longer support the massive shopping centers that used to define them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money but little arable land are renting huge tracts from countries rich in soil but poor in cash. Alex Perry zeroes in on the unexpected star of the global economy: Africa...
Japan's gross domestic product dropped 13% in the fourth quarter. The Russians are so short of cash, they are signing a lopsided 20-year deal for oil sales to China in exchange for a $25 billion loan. Iceland is bankrupt. The World Bank predicted on March 8 that in 2009 the global economy will shrink for the first time since the 1940s...