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The valuation of a mortgage bond like Jupiter is a white-hot argument. Most Wall Streeters agree that a large number of such bonds--amounting to hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving...
Transport is the last and possibly most vital remaining element in improving Paris and its region's future--and not just for tourists. Though Paris' commuter- and subway-rail network is among the most efficient and dense in the world, its rolling stock is in need of significant modernization. Ways...
So what's a safe fashion choice in Bangkok these days? Black may be appropriate for ASEAN members mourning the regional casualties of the global financial crisis. For everyone else, it's pink - a hue that gets to the heart of a color conundrum. The Thai King was born on...
The development gives some hope to the tens of thousands of Yukos shareholders who saw their investments evaporate after Moscow expropriated and then nationalized the company, effectively handing the government of Vladimir Putin, then President and now Prime Minister, virtual monopolistic control of Russia's vital energy industry. It gives...
Besides the cost to U.S. taxpayers of prosecuting all those extraditados - which often involves transportation and housing for witnesses, hiring bilingual lawyers and translating paperwork - tens of thousands of dollars are also spent annually to incarcerate each foreign detainee. What's more, for every Don Diego, there are dozens who...