Word: debts
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...principles of reality TV to his homemade production, Uruphong engaged two scuffling farming families to work a plot of land he rented for them in his native Chiang Rai province, and filmed them. The end result - the ironically entitled Agrarian Utopia - is a poignant essay on lives of mounting debt and bug-catching subsistence, evoking eternal cycles of suffering that will seem stunningly fresh to urban audiences in Thailand and the region. See what we learned from a decade at the movies...
...dive in to retrieve it. The winners get a blessing on the spot; everyone else takes home some holy water for a trouble-free new year. Newly elected Greek Prime Minister George Papandreou attended ceremonies on the Aegean island of Lesbos this year, but with Greece sinking under debt and a huge budget deficit as fast as a priest's crucifix, Papandreou is going to need more than holy water to get through...
...revealed that Greece's finances were in far worse shape than the previous government had let on. The 2009 deficit was nearly 13% of GDP, more than four times the euro zone's 3% limit. The European Commission blasted Greece for the faulty stats, and ratings agencies downgraded Greek debt, sending yields on government bonds skyrocketing. Over the past two months, as fears have grown that Greece's poisonous finances could infect the rest of Europe, the euro has slipped by almost 7% against the dollar. The Greek crisis is proving to be a crucial test for the long-term...
...report released Jan. 13, ratings agency Moody's said that Greece, along with Portugal, was likely to suffer a "slow death" as it uses more and more of its income to pay off debt. With the cost of that debt heading north, Greek banks could face further problems. "It's like they have a bomb in their hands," says investor Melissaris. "If rates keep climbing, it'll explode." (See the worst business deals...
Spent all of your cash buying that perfect gift you couldn't afford for your Valentine? Still in debt after purchasing textbooks at the Coop? Missed lunch to finish a problem set you should have done this weekend? Don't worry—we're only a few weeks into the term, and that means you should still have some Board Plus left...