An oil-based economy doesn't need to deplete its entire reserve of oil before it begins to collapse. A shortfall between demand and supply as little as 10%-15% is enough to wholly shatter an oil-dependent economy and reduce its citizenry to poverty.

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Metro-Goldwyn-Mayer has put its remains on the block. For a company that was bought in 2004 for about $5 billion, bids are coming in for less than $2 billion now—or perhaps as low as half this amount.

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China has said that the Internet media “must live up to their responsibility of maintaining Internet security,” including censoring content. As things now stand, it looks like Google might have to follow through on its threat and leave the country.

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