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)
I don’t think Stewart’s ever been in finer form, and his “I’ve been living in a cave”/Transmet schtick plays well with Colbert’s own persona.
I’m loving it. McDonald’s New Zealand created a site for people to “build your own unique burger” and name their creations. Problem is, the submissions appeared on the site without moderation.
RidleyScotch/Reddit (via Mitch Wagner)
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