Word: quarters
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Like home mortgages, much of the debt never has to be paid down. Half of the debt of trillions of dollars is owed by the federal government to itself, and a quarter more is owed to the American public. Because of the unique role of the dollar as the global reserve currency, the debt the government owes itself can simply be rolled over endlessly. Only the interest payments are a must. As long as the dollar remains central to the global system - and there is little chance of that changing in the next decade - the U.S. will have the latitude...
...does Crist have any hope left? Well, the money is still on his side. He has a $9 million war chest, vs. about $3 million for Rubio (though Rubio is expected to lift that figure significantly this quarter). But rather than blow...
...protesters had been marching since early morning from the old quarter of Bangkok several miles away, where some 100,000 of them had gathered Sunday evening to demand Abhisit call a new election. As they marched, they were cheered on by workers who migrated to Bangkok from rural areas, and ignored or looked at with disdain by middle-class residents of the capital who fear a repeat of the violence the demonstrators wrought during a similar protest last April...
...with Paul Greengrass, his director in the last two, very popular Jason Bourne films, earned just $14.5 million in its first three days at North American theaters, according to early studio estimates. That's way below industry predictions (in the low- to middle-$20 millions) and less than a quarter of the $62 million amassed this weekend by the defending champ, Alice in Wonderland, which has leapt like a White Rabbit past the $200 million mark in just 10 days. The Tim Burton-Johnny Depp effort is also a war movie, at least partly, but with the Red Queen...
...Relinquish power and return it to the people," protest leader Veera Musikapong shouted from a stage festooned in red banners as about 50,000 protesters erupted in cheers under a torrid midday sun at a major junction in the old quarter of Bangkok. Protest leaders have said that if the government refuses its ultimatum by Monday, they will set the demonstrators loose around the city, blocking traffic and surrounding key government buildings in an effort to force the Prime Minister to dissolve the House of Representatives and call a new election. (See "Thailand Braces For Anti-Government Protest...