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FT’s Martin Wolf analyzes the international debt crisis among nations by creating a modern fable: “The Grasshoppers and the Ants”

Consumer confidence and spending is up, as are new home sales. Good news, right? Clusterstock has 25 questions to put to people who think the economic recovery is real. Among them: In what universe is an economy with 39.68 million Americans on food stamps considered to be a healthy, recovering economy? How can the U.S.…

Megan McArdle says there is no such thing as mass culture anymore, and she’s right. She notes that the final episode of “Lost” drew what is today considered a large viewership — over 13 million — but that compared to the final episode of “M*A*S*H”, which was seen by 106 million Americans, that’s nothing. Says…

Believe it or not, that haggard woman is Sarah Ferguson, the erstwhile Duchess of York, getting off the plane in L.A. after being hit with a Mack truck of a scandal back home in England. Did you see the video of the undercover sting carried out by a British tabloid, in which Fergie sold access…
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