Home

New Jersey

This Rebel Came Armed With a Balance Sheet

Submitted by loner on 29 November, 2010 - 10:58am

 By JOHN STEELE GORDON

When most people think about the American Revolution, they think about the remarkable ideals that lay behind it and that guide the country still, or they think of the war itself, with Gen. Washington's men freezing and half-starved at Valley Forge.
What doesn't come to mind very often is how the Revolution was paid for. "Wars are fought with silver bullets," according to a Chinese saying, meaning that the side with the most money usually wins. But in the case of the Revolution, Great Britain—the richest country in Europe and the possessor of the most advanced financial system—lost despite its silver bullets. And it lost to a ragtag bunch of former colonies that didn't have a regular money supply, let alone a financial system. Nor did the rebels have the capacity to manufacture arms or gunpowder in any quantity.

A Pistachio Farmer, Pom Wonderful, and the FTC

Submitted by loner on 15 November, 2010 - 10:33am
California philanthropists Lynda and Stewart Resnick own a pistachio empire twice the size of Sacramento. Now they're facing lawsuits over water control and the health claims of Pom Wonderful
By Susan Berfield
On an unexpectedly rainy October day in Los Angeles, Stewart Resnick looks out the window of a third-floor conference room and shrugs.

School tests value of star teachers paid top dollar

Submitted by loner on 7 June, 2009 - 12:49pm

So what kind of teachers could a school get if it paid them US$125,000 a year?

An accomplished violist who infuses her music lessons with the neuroscience of why one needs to practise, and creatively worded instructions such as: "Pass the melody gently, as if it were a bowl of Jell-O." A self-described "explorer" from Arizona who spent three decades honing her craft at public, private, urban and rural schools. Two with Ivy League degrees.

Where'd the bailout money go? Shhhh, it's a secret

Submitted by loner on 22 December, 2008 - 9:37pm

WASHINGTON (AP) -- It's something any bank would demand to know before handing out a loan: Where's the money going?

But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.

"We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it,'" said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. "We have not disclosed that to the public. We're declining to."

What did I say then?

Financial Risk Management: Beyond Normality, Volatility and Correlations (6 years 9 weeks ago):

The 9/11 Commission cited "failure of the imagination" as one of the U.S. intelligence community'...

Syndicate content
Theme provided by Danang Probo Sayekti.