Word: warrener
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...reading Warren Buffett's much-anticipated letter to Berkshire Hathaway's shareholders, one can't avoid being struck by his faith in the ability of the American people to overcome adversity and to move the nation forward. This is a legacy that stretches from the Revolution to Lewis and Clark on to GI Joe. Despite Buffett's grave concern about the state of the economy now and in the immediate future one of the most striking passages in his letter is "America's best days lie ahead." The same sentence might have been written into the President's address...
...global stock markets is expected to continue - including Wall Street's return to the sub-7,000-point level it last visited in 1997. Some stock market analysts believe the Dow could actually dip under its 5,000 mark of 1995 if things get worse. Billionaire investment guru Warren Buffett warned his investors over the weekend that "the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond". Still, Buffet went on to note that despite that terrible economic outlook overall, it "does not tell us whether the stock market will rise or fall". Apart from...
...Stevens and Joseph Zachery weren't flipping houses or lying on their loan applications. They didn't pile up mountains of credit-card debt. They worked hard for what they had and shared their modest portions with others. Each readily admits to making occasional mistakes with money, but even Warren Buffett has made occasional mistakes with money. Their bitterness stems from a feeling that they've held up their end of the social contract, but now the terms of the deal have been rewritten by malign forces. "It's a different world and a different time," Stevens said ruefully. "Even...
...Hanoi on its own can't change the course of global events, says Alex Warren-Rodriguez, economic policy advisor at the United Nations Development Program in Hanoi. Vietnam is too dependent upon what is happening in the U.S. and Europe. "Even if you reduce interest rates to stimulate investment, that's not going to happen because there is nothing to invest in," he says. "They can do very little to stimulate the economy...
...situation in Europe is not quite as dire as it is in the U.S., where plunging profits, shrinking staff numbers and bankruptcies are now all commonplace. But Europe's newspapers are struggling just the same. Investment guru (and owner of a big chunk of the Washington Post Co.) Warren Buffett saw this coming. In 2006, he explained the depressing law of newspaper gravity at a meeting of his Berkshire Hathaway Corp.: "Newspaper readers are heading into the cemetery, while nonnewspaper readers are just getting out of college. It's hard to make money buying a business that's in permanent...