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The Bailout Reader (Ludwig von Mises Institute) "We Russians are doomed to teach mankind," wrote philosopher Grigory Chaadayev in 1848, "some awful lesson." The lesson turns out to be more than proving socialism's brutality and futility. It is also about the unlikelihood that elections alone will resolve a deep social and economic crisis.
Realogy Bonds Tumble on Debt Exchange Offer to Avoid Default (Bloomberg) Nov. 14 (Bloomberg) -- Realogy Corp. bonds tumbled after the owner of the Century 21 and Coldwell Banker brands said it's at risk of violating the terms of its bank loans and is offering to exchange about $1.1 billion of bonds at a discount for new debt.