A $90,000 area rug, a pair of guest chairs that cost almost as much, a $35,000 toilet and a $1,400 trash can鈥攖hese are just a few of the expenses from a remodeling of John Thain's office when he...
When a government spends beyond its means, the options for paying for the spree are unattractive. It can burden the populace with higher taxes, or it can wipe out a portion of creditors' wealth by...
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