Bear Stearns Sold

The days of Bear and Stearns being an independent firm may be over. JP Morgan which on Friday rode to the rescue of Bear Stearns bought the firm on Sunday at a fire-sale price of $2 a share or $236.2m.
That the company’s board - which presumably was more familiar with its finances - would part with the [...]

24 Cents Of Every Tax Dollar Goes To Paying National Debt

 Barbados will spend Bds$2.25 million per day paying down the national debt, up   from Bds$2.1m for the fiscal year now ending, and $2m two years ago, according to the government’s estimates of expenditure. This year, Barbados is budgeting to pay $822m to service debt. Last year the country paid $771m and the year before, just [...]