Month February 2011

On state bankruptcy and bond traders

Implicit in the question of whether states should be allowed to file bankruptcy is, what happens to the bondholders? Do they get paid in full or take a haircut? In fact, this is probably a core issue. Bond holders say…

Science marches on

New invention turns office paper into toilet paper on-site All you have to do is put paper and water in the machine and 30 minutes later, out comes a roll of TP.