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...came in second in Ukraine and was disqualified from the Russian contest for "not being patriotic enough"). "The fact that she won is a farce," he says. "I have nothing against her personally, but her performance is nothing to applaud." He says he won't be cheering for either Ukraine or Russia. "I will be voting for Norway. Their entrant, Alexander Rybak, is phenomenal. If talent matters at all in this contest, then he will definitely...
...China holds more U.S. debt than any other entity either private or sovereign. Whether the communist government is really worried about the value of the U.S. paper it holds or is just making a public insult about the flaws in American capitalism may never be known. What is known is that the financial markets have enough concern about Treasuries now to support a market for insuring U.S. debt in the event that the government cannot meet its obligations in the future. (See pictures of the global financial crisis...
Here are two possibilities: either the vast majority of all swaps - not just AIG's - are held by investment banks, or a significant portion is held by other financial institutions like hedge funds. Suppose all swaps are held by banks. Since swaps are a zero-sum game, the banking industry as a whole cannot lose money on swaps. Then there is no need for a bailout. (See 25 people to blame for the financial crisis...
Late night munching, however, is a sad affair. The average brain break is abysmal after 9 p.m. Quad life is one far away from any late-night food establishment, and night owls either become vending machine regulars or takeout speed-dial savants...
...mysterious bites in their avocados, it becomes apparent that there is not just one monster and not just one painful itch in their outwardly perfect lives. While the play’s overarching message about the hypocrisy of white Northeastern liberals becomes overbearing at times, it is not easy either to write or perform a play about intolerance in post-September 11th American culture without becoming too preachy. “The Pain and the Itch” comes close to crossing the line but manages to avoid doing so due to the company’s excellent performance...