You're not the only one sliding slowly into poverty: Due to new austerity measures, Queen Elizabeth II is taking a pay cut. Her salary, drawn from British taxpayer funds, will be limited to a mere $50 million this year.

A British Parliament investigation concludes that Murdoch-owned tabloid News of the World hacked phones " on industrial scale"—including those of police, military, and government officials—in pursuit of gossip on royals.