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Warren Buffett's dirty betONE of today's bigger stories is the news that Warren Buffett's Berkshire Hathaway will buy up the 77% it doesn't yet own of rail company Burlington Northern Santa Fe, in a deal that values the company at about $44 billion. Mr Buffett called the purchase an "all-in wager on the economic futu... |
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Running from costsDEPENDING on where, and how, you live, the effect of emission regulations on your budget may vary quite a bit. The Congressional Budget Office, in its analysis of the House of Representative's climate change bill, noted that the effect of the bill will depend on household income. The richest fami... |
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Britain swings an axePERHAPS you've heard that the British government is taking steps to chop up its banking industry. What's that all about? The Economist explains:At the height of the banking crisis, restoring financial stability was paramount for the British government. Worries about limiting the taxpayer’s ... |
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Squid businessI HATE to put myself in the position of defending Goldman Sachs, but I'm having a little trouble getting worked up about the latest allegations of nefarious activity. Here's McClatchy:In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risk... |
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The cold dark of nightTYLER COWEN links to a very interesting study, which depressives should enjoy (or not): Bad moods can actually be good for you, with an Australian study finding that being sad makes people less gullible, improves their ability to judge others and also boosts memory. The study, authored by psycho... |
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How to live in a bubbleASSET bubbles regularly decimate our portfolios, but must we live with them? The Obama economic team often uses the expression "balanced growth". It suggests our economy can still grow, albeit at a slower pace, without booms and busts and, implicitly, asset bubbles. But can we have econ... |
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