As Harvard economics professor Gregor Mankiw recently reminded us, in the absence of rapid economic growth, there are only a handful of ways for nations to deal with sovereign debt, none of them painless. So which will our leaders go for? https://t.co/jNId56D7Lk ...

The 10-year bond makes Ivory Coast the only sub-Saharan African sovereign with a current Samurai https://t.co/E2L5nB4get ...

What @slatestarcodex is saying is of course tongue-in-cheek.But this is real: Egypt leased their Mediterranean peninsula to the UAE in return for $35B.It’s a win/win for both countries. As the sovereign debt crisis gets underway, expect many more deals like this. https://t.co/XbLkjH4ANeScott Alexander (@slatestarcodex):@aphysicist I am a Singapore-controlling-Michigan's-Upper-Peninsula accelerationist. Not only should they own the land, but they should institute SIngaporean law there and build a hyperfuturi ...

Moody's has downgraded a few major banks' long-term credit and deposit ratings, after it lowered the U.S. sovereign credit ratings.Major banks, including JPMorgan (JPM) , Bank of America (BAC) , and Wells Fargo (WFC) , had their long-term deposit ratings downgraded by Moody’s from Aa1 to Aa2. The rating agency also downgraded to Aa2 from Aa1 the long-term senior unsecured debt ratings and issuer ratings for certain rated subsidiaries and branches of BAC and The Bank of New York Mellon Corporation (BK) . Add ...