Bankers stupid enough to lend on these terms almost deserve to lose their money.
At least in the US there was little sign of that credit driven frenzy we hear so much about.
Historical evidence that lending booms leading to defaults are hardly exactly new.
Obama is hailed as one of the great rhetoricians of our time. Well, perhaps, but it's certainly true that the Chicago School of political speech has a style all its own.
An elegant and simple solution to the problem of environmental vandalism.
Ukraine, Russia and gas supplies. Best understood as a classical bilateral monopoly situation. With added gangsters.
And finally, great reporting of our times.