U.S. taxpayers bailed out AIG and its counterparties. Employees earned huge partial bonuses anyway, and no one went to jail. Now, five years later, AIG's new CEO, Robert Benmosche, is acting like a big smug guy who got away with something, because AIG did.
Surprisingly, a few days later Warren Buffett made the same observation. He said "the Fed is the greatest hedge fund in history." For Warren, this is great. He is on the receiving end of the biggest transfer of wealth in history from workers and savers to borrowers and speculators.
A Friend for a Season, a Reason or a Lifetime? Wherever Pluto is in your birth chart you're engaged in the process of radically transforming yours...
Over the past few months I have been hearing a lot of pouting regarding managed futures. A lot of managers are having a hard time raising money because of poor recent performance and some are paring back their marketing efforts.
Mistakes occasionally turn out to be colossally successful. Can you organize your life to make that possible? A number of years ago, there was a ver...
The Post remained profitable into the 21st century but a number of tidal changes gnawed at their durable competitive advantage.
Thought leaders have a huge challenge, as media and media educators hustle to keep pace with the shifts and retain long-term value. As the film industry has shown it is not easy, but hard work makes it possible to survive and prosper.
The whole purpose of breaking barriers and glass ceilings is to make more room for others to pass through.
Scott Killingsworth agrees with Warren Buffett: "Culture more than rule books determines how an organization behaves." Killingsworth is deep into the...
I believe that the big opportunity is more than just money. Concentrating on connecting serious passionate people to others with similar areas of philanthropic interest, such as educational reform, global health, and nutrition, will produce more long lasting, positive change.
Just as we have taken his advice on making money, research suggests we should now take his advice on making happiness. By rethinking how we spend our money -- even as little as $5 -- we can reap more happiness for every dollar we spend.
When companies choose to retire or remove the person central to their branding, they had better have alternative plans at the ready so that customers are able to reconnect. There is a big hole over at the headquarters of The Men's Wearhouse now that Zimmer is gone.
If countries extract less and export less, there will be less on the global market. If countries extract more and export more, there will be more on the global market. What matters to the climate is fossil fuels burned ever and anywhere, not just next week in China.
This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.
As the government's role as economic hall monitor is debated and global markets and foreign economies adjust to their own challenges, our focus is on investing in the old-fashioned companies with strong balance sheets, increasing earnings, strong cash flow, and seasoned management teams.
"Of course, the immediate future is uncertain: America has faced the unknown since 1776." -- Billionaire Businessman-Investor Warren Buffett from USA ...