Tiger Woods is the most marketable active athlete by a long shot — and he still will be five years from now, according to a survey of sports business and media execs. So what is it that makes him the gold standard of sports endorsement?
The U.S. has poured $4 billion into stopping the Colombian drug trade, and it's worked — except that smugglers have found an easy path though neighboring Venezuela since it cut political ties with America and stopped cooperating.
Beijing comes under new criticism today for its steadily-rising defense budget. And that's just on the surface. It's accused of an aggressive military build-up: unknown amounts of weapons purchases and research not included in the official budget.
Bankruptcy could be just around the corner for New Century Financial, but other lenders are making money buying and selling subprime loans it issued — a profitable fee-collecting game as long as they unload the loans before borrowers default.