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Mark Ames: Cerberus Capital - Literally Blood-Sucking the Poor to Make Their Billions
Mark Ames was founder and editor of The eXile, the notorious Moscow-based, English-language newspaper shuttered last year after a raid by Russian authorities.
2010-01-17 to bestof, business, investment, money by soobrosa
Bye-Bye, Dubai
Deserts have a way of reclaiming whatever is built upon them. In the case of Dubai, on the Persian Gulf, the global financial implosion has sent that process into overdrive. After six years of frenzied expansion, during which the emirate's population gre
2009-08-26 to arab, architecture, bestof, business, dubai, finance, money by bagoly
Bernard Madoff - Going down quietly
History’s biggest swindler faces life behind bars but keeps mum
2009-03-24 to bestof, finance, money, pyramid scheme, scam by soobrosa
Joseph E. Stiglitz: Capitalist Fools
Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame.
2009-03-24 to bestof, business, crisis, finance, markets, money, policy, state by soobrosa
Wall Street on the Tundra
Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny
2009-03-13 to bestof, business, global crisis, iceland, money, mortgage, recession by bagoly
John Lanchester: Cityphilia
‘Well, drunk sailors tend to be spending their own money,’ Tony said. ‘By contemporary standards they’re quite prudent.’
2009-02-19 to banking, bestof, crisis, finance, london, money, mortgage, recession by soobrosa
The Real Price of Gold
as the price of gold soars—it has risen 235 percent in the past eight years—that 30,000 people have flocked to La Rinconada, turning a lonely prospectors' camp into a squalid shantytown on top of the world. Fueled by luck and desperation, sinking in its
2009-01-13 to bestof, business, gold, life, money by bagoly
The borrowers
Colin Burrow discovers what literature owes to the idea of debt
2008-12-12 to bestof, books, history, money by bagoly
Super times for superyachts as billionaires buy into maritime bling
"Once the sea would have been their swimming pool," said Dufour. "Now they want swimming pools built indoors - something technically difficult. They want at least one helicopter on the top deck, and a personal submarine.
2008-10-03 to bestof, business, money, society, superrich, wealth by bagoly
Bankers Use Secret Clinics, Nurses to Beat Breakdowns
It's the Causeway Retreat, a mental health and addiction center that charges as much as 10,000 pounds ($20,000) a week for treatment away from the prying eyes of colleagues and the media. There is a waiting list for the facility's 15 rooms.
2008-07-18 to banking, bestof, business, finance, health, money, society by bagoly

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