The bottom line
Offshore tax havens; Working harder than ever; Credit card borrowing costs; The Dark Knight beats Spider-Man; McDonald's Europe versus McDonald's U.S.
Americans hiding money in offshore tax havens such as Switzerland, Liechtenstein, and the Cayman Islands cheat the U.S. out of $100 billion a year, an investigation by a Senate subcommittee has concluded.Chicago Tribune
Almost nine in 10 Americans polled believe they’re working harder than ever just to get by.Time
Supporters of the 2005 Bankruptcy Act said that by punishing deadbeats, the law would reduce consumers’ borrowing costs. But since its passage, credit card borrowing costs have risen by as much as 17 percent.The New York Times The Dark Knight, the latest installment in the Batman franchise, rang up $158.4 million in ticket sales during its weekend opening, toppling the previous high of $151 .1 million earned by rival superhero Spider-Man last summer.BusinessWeek
Europe has surpassed the U.S. as the McDonald’s fast-food chain’s biggest region by revenue. Despite having about a quarter the number of locations as in the U.S., McDonald’s Europe earned $8.9 billion last year, versus $7.9 billion in the U.S. BusinessWeek.com