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POPSSell-fest on Wall Street/Global Mkts, Bailouts Not Working Financial markets are not stabilized, no confidence either. Investors are bailing out of bank stocks, destabilizing the markets further. No government bailout plans can correct this: “You have almost no reason to own a bank stock,” Keith Wirtz, who helps oversee $20 billion as chief investment officer at Fifth Third Bancorp Even Warren Buffet is being more blunt now.
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POPSThe World's Billionaires After 13 years on top, Bill Gates is no longer the richest man in the world. That honor now belongs to his friend and sometimes bridge partner Warren Buffett.
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POPSWarren Buffett's Q3 Moves Seems like he thinks U.S. automakers and retailrs are in for a long slump even though his public pronouncements elsewhere have been long term bullish on U.S. equities.
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POPSWho's Giving, Who's Not Buffett, Gates, and Eli Broad top a new list from Portfolio ranking the 50 wealthiest Americans on their charitable giving. Rupert Murdoch and Steve Ballmer are at the bottom.
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POPSBuy it like Buffett Buy fear and sell greed? I like this paragraph: Buffett has called the current mess an "economic Pearl Harbor." He has also said, "In my adult lifetime, I don't think I've ever seen people as fearful economically as they are now."
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POPSHomeless of Frisco to receive Chinese aid... USA taxpayers can now heave a sigh of relief... and let their Govt. continue spending on the wars abroad... Foreign capital will look after their poor.... Apparently that's what the Economic shuffling game is all about....?
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POPSSchwarzenegger's Gulfstream Ride To Be Terminated? `Built for Propellers' ``An overrun would be disastrous,'' Tachiki said in an interview. ``Santa Monica is an old airport built for propeller planes.'' The ban would apply to jets that land at speeds of 120 knots (138 miles an hour) or faster. While the governor hasn't called to complain and probably would use a helicopter to dodge a ban anyhow, Shriver says he knows what to expect if the restriction holds. ``Now I have to drive an hour and a half because of Bobby and the communists,'' Shriver said, mimicking his brother-in- law's Austrian accent.
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POPSBuffett's Berkshire Swaps Shares The deal is expected to close in the third quarter and adds two more insurance companies to Berkshire's assets, which already owns Geico and General Re.
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POPSBuffett Offer Rebuff At first glance the offer might seem appealing but Berkshire Hathaway refuses to take any risks associated with mortgage-related securities so ultimately it will do little to reduce the problems the companies are facing on securities backed by mortgages, consumer loans and other assets.
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