Cheerio! What to do if you're a 54-year-old former world leader, in good health, with Western sympathies? Days of leading a major country are behind you, but you're not ready to pack it in anytime soon. Link up with a major American corporation, of course! Tony Blair, who served as Great Britain's prime minister from 1997 through June of last year, has agreed to join with JPMorgan Chase (NYSE: JPM) in the role of part-time adviser.

The financial terms of the arrangement weren't disclosed, but one Manhattan recruitment consultant estimated in The Financial Times that Blair's fee would likely be more than $1 million a year (though that sum doesn't go quite as far in pounds these days).

With March Madness on the books and the World Series a long way away, the world's gamblers need another race to follow. With Prince William newly single, the odds-makers are placing stakes on who England's most eligible bachelor might be courting next.

On the list, with fairly generous odds of 20-1, is reportedly rehabilitated pop starlet Britney Spears, who was rumored to have engaged in email flirtation with Prince William five years ago. Other potential suitors for William (and therefore possible heirs to the throne of England -- how frightening) include Paris Hilton, with 14-1 odds (!), and Heather Mills (formerly Heather Mills McCartney), who has proven talented at earning the love of beloved Englishmen and then dragging their names and fortunes through the muck.

I'm not a gambling woman by nature, but I must say these odds are not ones I'd take. I just can't conceive of the chances being all that good for a Britney/William union (or a Paris/William match-up, for that matter). By means of comparison, bookmakers have set odds of 30 to 1 on the Cincinnati Reds winning the World Series (300 to 1 for the Washington Nationals), and there are certainly fewer teams in Major League Baseball than there are eligible young women interested in Prince William's hand.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.