Word: countryful
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But the other lesson from Canada is that you can go too far. The country's "Own the Podium" initiative - a $110 million program designed to put Canada on top of the medals table - generated almost as much criticism as podium finishes. The plan limited rivals' access to facilities like...
Of course, it's not an absolute certainty. The easier option is even more quantitative easing - a euphemism for printing money, which is a dirty phrase economists never like to use. This would devalue the country's currency and sovereign debt, triggering a cycle of hyperinflation of the likes the...
Last year British Prime Minister Gordon Brown raised his country's top marginal rate for income tax to 50% from 40%. This came on the heels of a decision to borrow more than $1 trillion over the next five years, bringing his country's public debt to 79% of GDP...
There's pressure on sterling from all sides. The currency fell below $1.50 for the first time in 10 months on Monday after an opinion poll published in a British newspaper suggested that none of the parties contesting the country's upcoming general election would emerge with overall control. A...
A large wave crashed into the Juan Fernández islands in the Pacific Ocean, killing at least eight people and leaving another eight missing, the Chilean emergency office said. Local reports suggested that many fishing villages on the mainland had also been hit by the wave. A warning could...