Category: The Economy
The Recession Is Not Killing Restaurants
Three-course Valentine’s prix fixe dinner for 2: Bisque of Maine Lobster, Duck Confit Cassoulet, Muscat Poached Apricot Tart. The tab: $70 per person—or $100 if you want the optional wine pairings. At these prices, it’s hard to believe there’s a recession on—but then, it’s even harder to woo a girl with a bucket of Popeye’s. Lots of actual…
All About the Benjamins: US Dollars Held Abroad
Roughly 1 in 1.72 (58%) American adults own a credit card, but an additional $620 billion in cold, hard currency is in circulation. That’s a lot of money—more than $2,000 per American in fact—but most of it actually does not circulate in the United States. Instead, a report from the United States Treasury Department (PDF) estimates that roughly 370…
Cocaine on Currency
Someone has been saying yes to drugs, and the proof is likely in your wallet. According to a study released in August by scientists from the University of Massachusetts Dartmouth, up to 90% of paper money in the US carries traces of cocaine. The researchers analyzed 234 bills, in denominations from $1 to $100, from…