When the Libyan rebels went to look for someone to run their war economy, they went to an unlikely source: An economics teacher at the University of Washington.Ali Tarhouni fled Libya 40 years ago after speaking out against Moammar Gadhafi.
Standard & Poor's, a big ratings agency, is getting nervous about the United States' ability to pay its debt.The agency lowered its outlook for the U.S. to negative this morning. That's essentially a warning.It means that the U.S. is still a super-safe country to lend money to, in S&P's view.
On January 8th, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: "Gentlemen....the national debt.... is PAID."That was the one moment in U.S.