Word: saversion
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Of course, as institutions emerging from the worst of the credit crisis, the banks have little more than that in common. Famous for flogging mortgages worth 125% of a property's value, Newcastle-based Northern Rock was caught with its pants down when the wholesale markets it relied on to...
Is one type of affair easier for a marriage to bounce back from? It depends. If both people want their marriage to survive, the key is for the cheating spouse to make sure he earns forgiveness, and not just by saying he's sorry and showing remorse. He has to...
There are spenders out there. Though for the time being, still more savers.
The biggest sticking point in any bid to avoid bankruptcy is the complexity of GM's debts. Chrysler's 40-odd creditors could fit into a large conference room. GM's creditors, however, could fill up most of the seats in the University of Michigan's football stadium. The bondholders...
2. On pitching the sale of MySpace to Murdoch: On its own, [parent company] Intermix was not much of a prize. It owned a bunch of websites offering games like bingo and animated fart jokes that users could e-mail to one another. It was barely profitable. It had been...