People living in Minnesota are generally used to winter. We are used to snow and ice and bitter cold temperatures. We can drive in blizzards and still get to work on time. We love our snow mobiles and other winter sports, and the weather doesn’t usually crimp our style. We bundle up and carry on.

Read the rest of entry »

Most people are at least somewhat familiar with the process of financial bankruptcy. Whether it involves an individual, a business or even a country, when debts rise above one’s capacity to pay those debts, financial insolvency ensues. When people and companies are involved in bankruptcy, lawyers file papers, wave a magic wand, and the debts are resolved while adverse effects take hold on said party’s credit rating. So what happens when a country goes bankrupt?

Read the rest of entry »