Word: betting
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...services isn't cheap. If you opt for the unlimited-data plan, you're paying $45 per month-on top of a calling plan-to use the high-speed EVDO network. This gives you a $100 off the initial price of the phone, but you're still making a bet that you're going to be pulling down major data with this thing. (There's also a pay-per-kilobyte plan). Once you've paid for a service that's anywhere you go (within the boundaries of the 40+ markets), why would you swing by a Starbucks...
...wrong, then, about its bet on going green? Exxon is a fuel company, while GE makes "devices," says Stuewer. And therein lies the crux of their differences. Exxon did toy with alternative-energy technologies--most notably with solar in the 1970s--but failed miserably. "Who was brought in to clean it up? Lee Raymond. He sold it all off," says Ed Ahnert, who retired last December as president of the ExxonMobil Foundation. "He learned you stick to what you know best...
...really expected to believe that treating a detainee like a dog, depriving him of sleep and making him dance with a box over his head are going to lead to credible intelligence? I bet that most people, if treated in such a perverse manner for a prolonged period of time, would tell their interrogators what they wanted to hear. I find it significant that when Detainee 063 finally confessed to al-Qaeda involvement, he stated he was doing it "to get out of here." The interrogation techniques currently used by the U.S. on suspected terrorists appear unethical and outrageous...
...greatest investor ever. But his long-term philosophy, which was ridiculed as he avoided the dotcom boom--and vindicated as he avoided the bust--is being scrutinized once more. The buy-and-hold billionaire is up to his ears in exotic investments known as derivatives, which are used to bet on things like the weather and the direction of interest rates. Derivatives were at the core of the 1994 bankruptcy of California's Orange County and the 1998 demise of hedge fund Long-Term Capital Management. Buffett once called derivatives "financial weapons of mass destruction," so you'd think...
Sweden surprised the world last week by cutting interest rates, which could trigger rate cuts throughout Europe and a falling euro. Yet Buffett has indicated that he's sticking with his bet. "There's no change in the underlying factors affecting currencies," he said, adding that in the long run, the U.S. trade deficit must weaken the buck. It's not all bad news for Buffett fans. He first bet against the dollar as it was falling in 2002 and remains in the money overall. But with his gains eroding, dreaded derivatives may claim the biggest victim...