The global ransomware threat is big enough as it is, and often has significant financial implications for victim organizations up to the point of rendering them bankrupt. The question we have to ask ourselves is whether these attacks are an isolated experiment or part of a new trend and, ...
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Its Clean Power Plan called for pushing electric utilities to pivot from coal to gas in the hope that it would shrink their carbon emissions. Exporting LNG, the thinking went, would encourage the same sort of fuel-switching abroad, while also rescuing floundering U.S. gas companies, injecting...
Germany had almost bankrupted itself with its arms buildup, but for the first 2 years was able to pay for things like Swedish iron ore with captured gold. Couldn’t it have paid in Reichsmarks? No. But isn’t that ancient history, made obsolete by Bitcoin? No....
Montenegro took a $1 billion loan from China in 2014 to build a new highway, which remains unfinished to this day and is dubbed “the highway to nowhere.” The debt—at the time more than a third of Montenegro's annual budget—threatened to bankrupt the country or cause it to hand ov...
Bigwin Inn quickly became the biggest inn in the British commonwealth, but not for long; it, too, went bankrupt by the late 1960s. Many smaller resorts began competing with them, and the upkeep costs for 250 staff were not being offset by revenue from the inn’s 500 rooms. The growth...
Daniel Yergin:When the word came out that Drake had struck oil, the cry went up throughout the narrow valleys of Western Pennsylvania: ‘The crazy Yankee has struck oil! The crazy Yankee has struck oil!’ And it was the first great boom. It was like a gold rush. ...
Despite apparent differ- ences in national positions, this chapter argues that when it comes to their impact on the TBTF issue, many of the post-2007 regulations in the five case countries were similarly limited, while the UK and the US went far further in two important areas than the ...
Byline: Mike Comerford Daily Herald Business Writer This cartoon battle pits talking ewes,...By ComerfordMike
In October 2015, many subsidiaries of an electronics manufacturer in Shenzhen, China, went bankrupt after its employees went on a strike and the company was unable to deliver products to its customers. In September 2021, owing to the COVID-19 pandemic, more than 50 cargo ships did not leave...