However, much has happened since it went up, including the Blogger outage.
An accident waiting to happen?: The failure of HBOS. BBC, 28 July MPs warn of public fury at size of fines for wrongdoing, most of which will go to US Why ferraris are expensive essay.
The Independent 16 January BBC, 15 August Bank boss leaves after hiding criticism of 'revenue at all costs' strategy at US Wealth arm. The Independent, 21 January Barclays fined for attempts to manipulate Libor rates Barclays has been fined?
The fine is part of an international investigation into the setting of interbank rates between and BBC, 27 June Goldman Sachs bowed to pressure and decided not to delay bonus payments to benefit from a lower rate of tax, just hours after Bank of England Governor Sir Mervyn King attacked the plans as?
The Telegraph, 15 January A former Goldman Sachs board member has been found guilty of four criminal counts of insider trading by a federal court in New York. BBC, 15 June An anti tax-avoidance campaign group has won permission from the high courts to have a "sweetheart" deal between HMRC and the banking giant Goldman Sachs judicially reviewed for its legality.
Guardian, 13 June The resignation letter of Greg Smith, Goldman Sachs executive director and head of the firm? New York Times, March 14, Muppet letter is everyone's fantasy Many of us have imagined writing a letter of resignation that shakes our bosses to the core, but few have actually done it, and rarely even then has the letter been read by millions.
Greg Smith, who quit Goldman Sachs this week, has realised our fantasy. BBC, 15 March Goldman Sachs made more than a quarter of a billion pounds last year by speculating on food staples, reigniting the controversy over banks profiting from the global food crisis.
The Independent, 20 January The great hunger lottery - How banking speculation causes food crises In The Great Hunger Lottery, the World Development Movement has compiled extensive evidence establishing the role of food commodity derivatives in destabilising and driving up food prices around the world.
This in turn, has led to food prices becoming unaffordable for low-income families around the world, particularly in developing countries highly reliant on food imports. Guardian, 16 July Daily Telegraph, 19 April Royal Bank of Scotland directors will be obliged to consider legal action against Goldman Sachs if the US Securities and Exchange Commission succeeds in its fraud case against the American banking giant, say lawyers.
The Scotsman, 19 April How the nation's biggest banks are ripping off American cities with the same predatory deals that brought down Greece, by Matt Taibbi, Rolling Stone, March 31, Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash, by Matt Taibbi, Rolling Stone, February 17, A special report from Time Magazine.
The Commission was established by Althingi, the Icelandic Parliament, in Decemberto investigate and analyse the processes leading to the collapse of the three main banks in Iceland.
Former Anglo Irish Bank bosses, Sean FitzPatrick, Pat Whelan and William McAteer are on trial for their alleged role in pushing the country's finances to the brink of collapse, prompting the bailout and austerity.
Sky News 5 February A video by Jonathan Jarvis created with the aim of giving form to a complex situation like the credit crisis by quickly supply the essence of the situation to those unfamiliar and uninitiated. A series of articles in the Guardian where writers look at the real story behind the economic slump discussing how boom turned to bust, who's to blame, and ways out of the mess we're in.
News on developments from the BBC.1) First of all, Ferraris are beautiful cars and luxurious which not many people cannot afford to buy them. On the eyes of economics the market system that governs our country which is capitalist gives many incentives for companies and for the buyers to best use their money.
Over the past 10 years, the word supercar has become a staple in the automotive world. And although some people use it a little too loosely, it generally describes a car that is extremely powerful.
If you’ve ever wondered what the world’s most expensive car looks like, then feast your eyes on the Ferrari GTO. It recently sold for $52 million, making it the most expensive car in the world.
The management emphasised many times that Ferrari is a luxury brand, and it earns a respectable valuation.
In fact, even in its IPO papers, the firm mentioned the word "luxury" times. October (This essay is derived from a talk at MIT.) Till recently graduating seniors had two choices: get a job or go to grad school.
I think there will increasingly be a third option: to start your own startup.
Originally Answered: Why does Ferrari is so expensive? Their production number is relatively low, so they have to raise the price in order to keep the company running, .