The growth of the U.S.'s bigger and broader productive economy has been stunted by bad policies and bank bailouts benefiting rent-seeking financiers siphoning off an outsized percentage of the nation's gross domestic product (GDP).
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.
There was something almost apocalyptic about 2013. But much happened that was hopeful this year -- a new pope focused on inequality, successful minimum wage campaigns spread across the country, and the number of states allowing gay marriage doubled.
Further on up the road from delivering potted plants to Winn-Dixie, Robert McLaughlin can now feel proud that he's not only done it his way but also had a positive impact on the floral industry and real people on the farms of Central and South America.
The state of Israel must remain vigilant and proactive, otherwise it will cease to exist. The same is true in the business world. Israel and American commerce have formed a mutually beneficial partnership. When will the same be said for Israel and American academia?
Reagan charged up the hill of Big Gov't - now it's Obama turn on Big Inequality. Lowry & vanden Heuvel debate whether that's the "defining challenge" of our era and if government can do anything about higher executive pay, lower worker wages. Then: is Boehner's tantrum a one-off or a strategy?
You worked hard for that money. No one can deny that. You have been rewarded for your talent, your intelligence, your risk-taking, your creativity, and your good fortune. The notion that you should change a system that has worked so well must seem downright stupid.
Last week, I reviewed my friend Howard G. Buffett's new book, 40 Chances: Finding Hope in a Hungry World. After reading it, I felt much more hopeful that we really can solve the problem of world hunger. I also had questions, which Howie has answered in detail.
My friendship with Warren Buffett's son Howard G. Buffett goes back to 1991, when I met him through philanthropist Ray Chambers at a youth mentoring m...
Here we are in 2013, 12 years since Bloomberg gave up his position as CEO in order to concentrate his full efforts on the public service of helping the city. Luckily, Hizzoner's fortune has not suffered from this sacrifice.
Last week, I received an email from Tesla Motors that talked about an unfortunate event with one of its electric vehicles. As I read through it, it called to mind how Warren Buffett handled himself during "The Great American Express Salad Oil Scandal." While this story is almost 50 years old, it bears repeating.
Warren Buffett made another $10 billion from the investments he made during the financial crisis of five years ago. How does Buffett do it? And can you learn a lesson for next time?
The separation of knowledge into categories frustrates the human desire for unity. Each of us is a student of the world, a whole individual trying to make integral sense of the world, and striving to make that world our own.
The Los Angeles Times should be owned by all 10 million of the County's residents. This collective ownership is the best way to ensure that we create and maintain a quality information source with minimal bias.
I hear people complain about it almost every day, in one way or another. And of course it means that there are less resources available for 99 out of 100 people, if one percent are hoarding. The question is, what can we do about it?
In an age of hidden election cash, the nation's wealthiest public companies are increasingly revealing their campaign-related contributions and political policies -- and doing so voluntarily.