I was listening to the radio today, and on NPR (not sure what program) they were discussing the Libor issue, and how the city of Baltimore had lost money because of it. They quoted somebody saying how it could seriously harm funding for basic city services. She mentioned specifically how crucial even “just” a million dollars could be, and the impact of losing that.
When that story ended, I flipped the dial over to sports talk radio, where they were discussing quarterback Drew Brees’s new $100 million contract, with $60 million guaranteed.
Just kind of interesting.