Wednesday, April 16, 2008

Some Perspective, Please!

While we're on the subject of pirates, today's New York Times reports that hedge fund manager John Paulson made $3.7 billion last year.

That is NOT a typo.

Mind you, let's remind ourselves that an American billion is only a thousand million, not a million millions.

And in addition, we are talking dollars here, not pounds. So it's nowhere near as much as it sounds.

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