Now multiply by 250 trading days and you hit a billion bucks just from BAC's daily paper chase.

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Some reforms have been uncontroversial allowing companies to be set up online rather than with a wearisome paper chase, for example.

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Now it seems to require an intercontinental paper chase through innumerable bureaucracies.

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Bryan Caplan, an associate professor of economics at George Mason working on a book entitled The Case Against Education, says that the paper chase on campus is an elaborate form of signaling.

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The name came from their billet, often referred to as the Hash House, where they'd eat their monotonous corned-beef dinners, and the pastime they came up with was a wilder version of a British paper chase.

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The Tories ought to be strong on such things, but their message was being lost in the taxi-chit paper-chase.

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The sale of the Minneapolis paper mirrors the assessment of the Boston Globe by JPMorgan Chase, which reportedly valued that paper at half what the New York Times Co. (nyse: NYT - news - people ) paid for it in 1993.

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Beyond that problem, plan administrators chase performance, according to a paper from the Center for Retirement Research at Boston College.

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No Taser, no high speed chase, just an SEC agent in the lobby with a stack of paper.

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The paper said South African bank Investec would be appointed to float the company, along with JP Morgan Chase, Virgin Mobile's existing bankers.

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