Students should thank God for the bank bailouts, says Charlie Munger, vice chairman of Berkshire Hathaway. The bailouts prevented the collapse of civilization – and of Berkshire Hathaway's stock price.
Unemployment lasts longer than ever before, home values keep declining, foreclosures abound and people are growing poorer. This is the rebound?
Forbes 400: Things are on the up for US billionaires with more than half of them adding to their net worth in a year which once again saw Bill Gates as the richest of them all, Forbes magazine said on Wednesday.
Warren Buffett, the world's newest octogenarian billionaire, has been beating the stock market for decades. But in the difficult 2000s, the legendary investor has really shined.
Newly elected New Orleans Mayor Mitch Landrieu recently marked his first one hundred days in office by announcing one hundred Katrina recovery projects, including health clinics, criminal justice facilities, road reconstructions, public recreation, and more. Still, Landrieu says the city’s recovery will take another five years. Here are five critical areas of public policy which may determine whether New Orleans has a successful recovery by 2015.
In winning over 38 billionaires to pledging half their wealth to charity, Warren Buffet and Bill Gates also set a better climate in the political debate over ending the Bush tax cuts on the rich.
Bill Gates and Warren Buffett have secured $125 billion from 40 families and individuals on the Forbes 400 list of the wealthiest Americans for the Giving Pledge campaign.
GE reported a 16 percent rise in profit, topping analysts' expectations and ending a streak of decline, on strong demand for health care and oil and gas equipment.