In the London mansion where Benjamin Franklin negotiated American independence, British rebels gathered to toast their own fight against the European Union and deliver a warning shot to Prime Minister David Cameron.
The retired Venezuelan teacher says he was so desperate for dollars that he wired his life savings to a front company posing as a Margarita Island inn. Almost four months later, all he has to show for it is a menacing e-mail.
Venezuela’s bolivar is tumbling to a record low in the unregulated street markets of Caracas as individuals and companies seek to buy a shrinking number of dollars, adding to the region’s highest inflation rate.
Not every economic-development program works out. On a late April morning in 1801, most of Cincinnati’s thousand citizens lined the banks of the Ohio River, eager to watch one of the wonders of the age. A great new sailing ship, St. Clair, was passing downriver from Marietta for its maiden voyage on the high seas.
The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, gained 1.6 percent on its investments in the year ended June 30, down from a 19 percent increase in the previous year.