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Have you seen everything Australia has on offer a dozen times before? Sure you have. It's a movie less created by director and co-writer Baz Luhrmann than assembled, Dr. Frankenstein-style, from the leftover body parts of earlier movies. Which leaves us asking this question: How come it is so damnably entertaining...
...other immediate effect: common stockholders can say goodbye to their dividend, which was 16 cents last quarter. To make sure the government's money - i.e., the taxpayer's money - isn't simply passing through the company and into other hands, the deal prohibits Citi from paying dividends of more than a penny per share for three years without approval from Treasury, the FDIC and the Federal Reserve. If Citi goes out and raises more money on its own through a common stock offering, there's a greater chance the government will allow for a larger dividend to be paid. That...
...rally seems like it might have been an oasis of fun bisecting two almost-twenty-year dry spells. At it, the then-associate dean of freshmen worried that “the damn balloons” might get stuck in the rafters of Annenberg Hall—a sure sign that something’s gone right...
...this world where everyone has access to the same basic information about a variety of subjects but few people truly know things, the superficiality of our knowledge renders us vulnerable. Sure, there’s Factcheck.com. But who fact-checks the fact-checkers? Without our own knowledge to draw on, we must rely on the kindness of strangers. Admittedly, people who edit massive online encyclopedias in their spare time are probably not dangerous psychopaths, but there are plenty of pranksters out there who add things like “My dad knew him” to articles on Idiosyncrasy. This...
...migrant workers are losing jobs. In the early 2008 bubbling property market, authorities conveyed to potential house buyers that they would be wise to hold off. "The government basically said, 'You'd be a complete idiot to buy an apartment right now because we're going to make sure that prices drop like a stone,'" says the investment bank analyst. "Now the government is telling them it's not just okay to buy, it would be a great time to buy and the banks will be happy to lend to you. Of course people will start buying again." In other...