Who said anything about a recession? Sometime between the government bailout of Bear Stearns and the Bureau of Labor Statistics report that America lost 80,000 jobs in March, Lee Tachman,
a Wall Street banker, spent roughly $50,000 last month on a four-day jaunt to Miami for himself and three close friends.
“It was just all out — it was insane,” said Mr. Tachman. “I’m not afraid to spend money like that.”
posted by The Jesse Helms
on Apr 14, 2008 -
259 comments
Pay to play. The children of big-donor
Harvard alums are systematically
given preference over legacy offspring of lesser means. Additionally David Karen, now a professor at Bryn Mawr, concluded that alumni children at Harvard lose most of their admissions advantage if they apply for financial aid.
posted by The Jesse Helms
on Apr 7, 2008 -
95 comments
Little by little, millions of Americans surrendered equity in their homes in recent years. Lulled by good times, they borrowed — sometimes heavily — against the roofs over their heads.
Now the bill is coming due.
posted by plexi
on Mar 27, 2008 -
122 comments
Attack U.S. and win aid. Is Afghanistan the
'Mouse that Roared'?
Why is Afghanistan rewarded with an outpouring of aid? The reason is simple: U.S. forces defeated Afghanistan's regime and Americans now feel responsible for fixing the country. This reflects the "mouse that roared" syndrome, named after the 1959 movie starring Peter Sellers in no less than three roles. It told the story of a tiny Europe duchy, Grand Fenwick, which finds itself on the verge of bankruptcy and decides to declare war on America in order to lose, then profit from the resulting aid.
posted by Rastafari
on Jan 28, 2002 -
20 comments
$70mil in US aid to Afghanistan in 1997 Per the CIA's very informative world factbook web site, in 1997 the USA provided "about $70 million in humanitarian assistance in 1997". I have a feeling that $70mil is a drop in the ocean to what may be spent on Afghanistan in the near future, though perhaps not in a manner to their liking.
posted by daragh
on Sep 14, 2001 -
11 comments