God Bless America
The end of a year always provides an opportunity to think about the true joys of living in this wonderful country we call America. One quality integral to the American sense of community is giving.
The end of a year always provides an opportunity to think about the true joys of living in this wonderful country we call America. One quality integral to the American sense of community is giving.
By Stephen Viscusi Today's just released "NY Times /CBS" poll confirms what I have been preaching in this very column for months! American individ...
The sizeable number of SEC stock trading investigations indicates that it's business as usual for people who want to beat the system, even if it means chancing fines, jail time and disgrace if they're caught.
There's no shortage of doubt about most investments these days. (Are emerging markets in a bubble? Are Treasuries a trap for the wary?) But there is n...
Goldman Sachs is, by its own account, a meritocracy -- a word first used by Michael Young in 1958. In the half-century since, we seem to have forgotten that the original work was satire.
There is a long list of people who are accused of unfairly profiting from our national financial crisis - Hank Paulson, John Thain, anyone who has eve...
Even if he was interested in being the Secretary of the Treasury, the timing for a corporate Wall Street leader such as Dimon to make the move to the Hill would probably be political suicide for the Obama administration at this point.
The popular narrative -- that Tim Geithner needlessly favored the interests of banks over those of taxpayers -- does not withstand close scrutiny.
Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.
We must stop subsidizing speculators with cheap funding and tax breaks. We have to hold people accountable for malfeasance, break up large financial institutions, and allow them to fail.
It's truly touching that Goldman Sachs' CEO Lloyd Blankfein, who recently said that his too-big-to-fail, Fed-backed holding company is doing "God's wo...
Do I have your attention yet? These figures come from a joint study, by the industry association United States Green Building Council (USGBC) and...
Difficult times need wise men to tell difficult truths. And, for many years, Buffett has done just that. So it was deeply distressing to listen to him last week joining in the economic victory lap the Obama administration is taking.
Warren Buffett is such an important voice in the business world that, single-handedly, he could influence the way Corporate America is paid.
Nobody I know who is smart and rich (albeit much less rich than they used to be) thinks the economy is patched up and ready to roll--except, apparentl...
Buffett had indeed learned through experience that "when in doubt keep holding"; he said, "I've made most of my money sitting on my ass."
While Nouriel Roubini believes we're finally pulling out of the current financial crisis, he says the next Big One will strike in six to 12 months.
Buffett would always love reading newspapers, but his investing was tightly focused on simple businesses that were as close to immortal as possible. Newspapers no longer qualified.
Warren Buffett is investing $32 billion in Burlington Northern Santa Fe, the nation's 2nd largest railroad. At first blush, this is radically counter-intuitive. A railroad? Isn't that hopelessly brick-and-mortar?
Buffett is convinced that economic activity will pick up. In fact, he is confident enough that he is willing to use debt and issue Berkshire shares in order to close the railroad deal.
We may be entering an era of Karmic Capitalism when business realizes what goes around, comes around. Let's hope that the captains of industry apply noblesse oblige to the business world.