The Big Book
In his book, Ian Scheffler gives competitive puzzle solving a twist.
Almost all the $7.5 billion worth of Hungarian banknotes in circulation pass through the Hungarian Central Bank annually, to make sure they are clean, untorn and suitable to be used to buy and sell things. The rest can be burned…
European Debt Crisis
The news from Europe this morning starts with Italy, which had to pay a euro-era record rate to borrow money from the bond market. Meanwhile, Hungary's bonds were downgraded to junk status.