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...other SWIFTs, awakened to the risks involved, began to refuse to roll over short-term loans. This has led to further liquidations, bigger fire-sale discounts, and a cascading effect. To date, over 50 SWIFTs, representing over $700 billion in assets, have failed. Yesterday, it was reported that Berkshire-Hathaway was in discussions to acquire Magna-SWIFT’s wind-farm assets for 30 cents on the dollar...

Author: By Jeremy C. Stein | Title: The Next Financial Crisis | 5/27/2010 | See Source »

...Business is "good" rose from 12% to 18% in Harris Interactive's annual survey of what people think of companies. Respondents thought most highly of tech outfits like Google and Amazon, but they thought poorly of big financial firms and most carmakers, with Warren Buffett-run Berkshire Hathaway claiming the top spot on the list. Among the companies with the worst reputations were General Motors, Goldman Sachs and AIG. (See 10 perfect jobs for the recession - and after...

Author: /time Magazine | Title: Which Companies Do People Respect Most? | 4/5/2010 | See Source »

...most visible" companies, and also asked some 30,000 people broader questions about corporate America's reputation. Each company was then evaluated in areas such as social responsibility, leadership, financial performance, product quality and workplace environment by about 600 people. The top 10 highest-rated companies: Berkshire Hathaway, Johnson & Johnson, Google, 3M, SC Johnson, Intel, Microsoft, Coca-Cola, Amazon and General Mills...

Author: /time Magazine | Title: Which Companies Do People Respect Most? | 4/5/2010 | See Source »

...best imitation of Guns N' Roses rocker Axl Rose, complete with waist-length hair, a purple bandanna, a black leather jacket and Axl's signature red plaid kilt from the '80s - all as part of an eye-catching video for Geico, the auto-insurance company owned by Berkshire Hathaway. And Buffett sings too. O.K., he attempts to sing. (See the best Super Bowl commercials...

Author: /time Magazine | Title: Warren Buffett Plays a Guns N' Roses Rock Star | 3/18/2010 | See Source »

...through it step-by-step / Twenty-four-seven we'll be there for you." Then a chorus of employees chime in, complete with guitars, drums and a cowbell. Someone dressed as the company's mascot gecko does his best Slash imitation on guitar. (See pictures of a Berkshire Hathaway shareholder meeting...

Author: /time Magazine | Title: Warren Buffett Plays a Guns N' Roses Rock Star | 3/18/2010 | See Source »

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