A horse-drawn carriage stood before the main entrance of the Salamander Resort and Spa in Middleburg, Virginia. Horseback riders in top hats trotted among guests as they sipped Prosecco at the opening-day reception Aug. 29.
The risk the U.S. could end up in a Greece-type situation if lawmakers don’t reach a deal on budget- deficit cuts is a “fantasy,” according to Robert Johnson, a former managing director at Soros Fund Management.
Money can be dull. There are only so many denominations, and only so many ways to make it. What’s interesting are the people who risk it, and over the past four decades no one has made more of a spectacle of risk than George Soros, whose Quantum fund famously bet $10 billion that the Bank of England would be forced to devalue the pound. Soros earned $1 billion on that trade and incalculable legend points.
Over the course of 2012, the U.S. economy rebounded with all the vitality of a slug waking from a long nap. In debt-strapped, recession-hit Europe, investors fret about a Spanish bailout, a Greek default and whether the euro itself will shatter.
The driver in a New York bus crash that killed 15 people had his driver’s license suspended 18 times and was fired from two previous transportation jobs, according to investigative documents released today.