CNN's Peter Wilkinson has been running the numbers on AIG's record-smashing $62 billion quarterly loss, the largest corporate loss in history (AIG lost about $460,000 per minute in the last quarter). In addition to being sufficient to carpet an area the size of Baghdad in $1 bills, $62 billion is enough to:
1. It could pay off the combined national debts of China, Australia, Mexico and Ukraine, according to 2008 estimates by the CIA Factbook, and still have plenty left over for a good night out.
What would AIG's $62 billion loss buy?
3. Britain's Queen Elizabeth II might not be moving any time soon, but the money could buy 46 Buckingham Palaces, according to a 2008 estimate of its market value by the Daily Telegraph newspaper. And still leave some remaining to buy her weekend retreat, Windsor Castle.
9. AIG lost $460,000 per minute -- which would pay about half the annual pension of former RBS chief executive Fred Goodwin.
(Image: Money squircles 1, a Creative Commons Attribution-ShareAlike image from Greefus Groinks's Flickr stream)
On a brisk wintry day, this clever moose decided to use a car’s exhaust to get a faceful of warm air. The best part is the car owner who keeps scraping his windshield.
No escape from reality. (Corridor)
“And I’m proud to say that when we get there, it will be as the Alt-Warmth. Just think: under the old name, we couldn’t even get anybody elected dogcatcher.”
The Boing Boing Store’s Gift Guide is full of ideas for pretty much anyone in your life like hipster ice cub trays, Xbox controllers, Halo Boards, and even diamond necklaces. As always, all products in the Boing Boing Store come at great discounts, too. Shop by price bucket starting at under $20. Under $20:Bloxx Jumbo Ice Trays […]
Unlike traditional lighters, the SaberLight features an electronic plasma beam that’s both rechargeable and butane-free. This sleek lighter is even approved by TSA, so you’ll never be stuck buying lighters you’ll just have to throw away partially used. For some people, like me, this is a pretty big game-changer. The SaberLight’s beam is actually both hotter and cleaner […]
Holiday shopping is in full swing, and the Striiv Touch is one of the best gift ideas I’ve landed on. Its simple design works for females and males, and its wide range of features makes it suitable for even the non-fitness enthusiasts in your life.Unlike traditional fitness trackers, the Striiv Touch also acts as a smartwatch. It […]