The Economist has lost its appeal to get theeconomist.com website. The domain is owned by a random guy in Maryland and is dedicated to Federal Reserve chairman Alan Greenspan. The magazine tried to buy it off of him for $500 last August. The proprietor refused to sell. Instead of offering more capital, the magazine spent their money on lawyers and take the case to World Intellectual Property Organization. The WIPO rejected their case.

Maybe The Economist never took Economics, but when there’s a high demand for a limited supply, $500 won’t buy you anything.