February 13, 2009

Safe Havens

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SAFE HAVENS….Via Felix Salmon, here’s some interesting news: Moody’s has decided that not all AAA sovereign debt is created equal.    Here’s how things shake out:

  • AAA-Worst: Ireland, Spain
  • AAA-Middle: United States, UK
  • AAA-Best: Germany, France, Canada, Scandinavia

I wonder what it would take for the United States to be downgraded into the Ireland/Spain category?

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BEFORE YOU CLICK AWAY!

Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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