The crazy idea that a corporation should be able to force its pipeline, railroad, or other infrastructure for private profit onto an unwilling landowner when no meaningful public good will result is just that: crazy talk. Property rights should mean something.
Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.
A lot has been written about the Oracle of Omaha, from his famously prescient investments to his near-mythical origin story. But there are still a lot of things the general public doesn't know about Warren Buffett.
Big Rail has talked a big game to the public about its desire for increased safety measures for its trains carrying oil obtained via hydraulic fracturing ("fracking") in the Bakken Shale. What happens behind closed doors, the meeting logs show, tells another story.
If social media content and engagement are a "rabbit hole," then "social aptitude," or what Buffett likes to refer to as circle of competence, is about "not how large the area of it is, it's how well you've defined the perimeter."
The result of the Republican budget would be opportunity only for those who already have money. So, of course, the GOP had to try to kill a budget conceived under the proposition of opportunity for everyone.
On December 20, both chambers of the U.S. Congress passed a little-noticed bill to expedite permitting for hydraulic fracturing ("fracking") on public lands in the Bakken Shale basin, located predominantly in North Dakota.
On the same day a BNSF oil train derailed and exploded in Casselton, North Dakota, Warren Buffett -- owner of holding company giant Berkshire Hathaway, which owns BNSF -- bought a major stake in pipeline logistics company Phillips Specialty Products Inc.