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  • Wall Street protesters have a famous - and wealthy - new fan: Warren Buffett’s son, Howard, who says he sympathizes with concerns over the growing divide between the haves and have-nots: “There has never been a time in my lifetime when the government is going to cut an incredible amount of programs that support poor people and feed them."  [View news story]
    buffet donated 99% of his money to charity
    Oct 13, 2011. 03:00 PM | Likes Like |Link to Comment
  • First Solar (FSLR) drops 6.7% premarket after announcing a 550MW solar farm project won't meet a deadline to receive a DOE loan guarantee. The company says it's in talks "regarding the sale and financing of the project," and that the two other projects for which loan guarantees were previously announced "remain in the DOE process."  [View news story]
    Yes when that is proven to be the case, then we can agree. Until then, lets not presume to know the results of the investigation. So far, there's really no convincing evidence that there was any political interference in the matter of approving the loan.
    Sep 22, 2011. 07:00 PM | Likes Like |Link to Comment
  • First Solar (FSLR) drops 6.7% premarket after announcing a 550MW solar farm project won't meet a deadline to receive a DOE loan guarantee. The company says it's in talks "regarding the sale and financing of the project," and that the two other projects for which loan guarantees were previously announced "remain in the DOE process."  [View news story]
    What a dumb comment. The loan gtee program was established by Bush and his republican Congress.
    Sep 22, 2011. 10:34 AM | Likes Like |Link to Comment
  • So the U.S. lost S&P's AAA rating for the first time in a 70-year history; so what? Mark Thoma says this is S&P erring on the only side it can after blowing the pre-crisis situation. Always pragmatic Warren Buffett says solvency's not an issue when the debts are all in currency the U.S. can print; inflation, that's another story. Ready to buy on this coming dip?  [View news story]
    S&P also said the Republicans' unwillingness to raise revenues, or let the Bush tax cuts expire, was a major rationale for their downgrade. Why did you leave that out of your rant?
    Aug 6, 2011. 02:57 PM | 6 Likes Like |Link to Comment
  • Democratic senators who fled Wisconsin to thwart restrictions on public employee unions say they plan to come back to work soon, betting that the curbs are so unpopular they'll taint Republicans. "If you think this is a bad bill for Republicans, why didn't you stand up in the chamber and debate us about it three weeks ago?" the Senate's majority leader says.  [View news story]
    The senators acted lawfully. If the state doesn't like it, it can reduce the quorum requirement. If the senators were republicans, you wouldn't have a problem.
    Mar 7, 2011. 08:31 PM | Likes Like |Link to Comment
  • Obama on raising the debt ceilingThen ("Increasing America’s debt weakens us domestically and internationally.") and now ("If we hit the debt ceiling, that's essentially defaulting on our obligations which is totally unprecedented in American history," economic adviser Austan Goolsbee says.).  [View news story]
    Some people think it is racist because: (1) nobody had a problem with GW Bush running up the deficit; and (2) most of the current deficit is a result of the recession and a severe reduction in tax revenues, not increased spending. But Teapartiers dont care about that and would blame Obama no matter what.
    Jan 5, 2011. 08:50 PM | 2 Likes Like |Link to Comment
  • Obama on raising the debt ceilingThen ("Increasing America’s debt weakens us domestically and internationally.") and now ("If we hit the debt ceiling, that's essentially defaulting on our obligations which is totally unprecedented in American history," economic adviser Austan Goolsbee says.).  [View news story]
    Are you all forgetting that we were not in a recession back then?
    Jan 5, 2011. 07:47 PM | 3 Likes Like |Link to Comment
  • FOMC minutes: "While the economic outlook was seen as improving, members generally felt that the change in the outlook was not sufficient to warrant any adjustments to the asset-purchase program." Some members noted that they needed more time before they would consider any changes. Stocks little changed.  [View news story]
    The country was not founded on Christian beliefs, but even so that is irrelevant. We were founded on slavery as well, but you don't see anyone advocating slavery just because "we were founded on it."
    Jan 4, 2011. 04:35 PM | 2 Likes Like |Link to Comment
  • More snow fallout: With Eastern U.S. storms shaking up one of the year's busiest shopping days, retailers might have to deepen discounts to get snowbound shoppers out of their homes: "Look for sales to be repeated... They’re going to be more aggressive. They’ve got to throw another party."  [View news story]
    "[January 6] ... Its the day when kids receives their presents in almost all parts of the Christian world."

    False. Utterly false. This is only the case in eastern orthodox churches, and even then, not in all of them.
    Dec 27, 2010. 02:06 PM | 1 Like Like |Link to Comment
  • A reversal by Sen. Max Baucus could mean a doubling of the tax that private-equity moguls pay when they cash out - and Baucus may have flipped in favor of the tax after hearing Blackstone's (BX) Steve Schwarzman compare new P-E taxes to Hitler's invasion of Poland. The Enterprise Value Tax could raise $6B more over the next 10 years.  [View news story]
    PE fund managers would argue that their earnings are contingent upon the success of the business, meaning that they are in fact taking the risks of the business owner. As such, they should be subject to the capital gains tax. I dont know how I feel about either argument, but I figured i'd throw that in there.
    Sep 9, 2010. 10:08 PM | Likes Like |Link to Comment
  • The U.S. Steelworkers union formally requests a U.S. trade investigation into China's policies to support its green tech sector, in a case that could end up before the WTO. The petition accuses China's government of providing hundreds of billions of dollars in subsidies and other means of support to provide an unfair advantage to local firms.  [View news story]
    Such a witty and insightful comment.
    Sep 9, 2010. 03:26 PM | 1 Like Like |Link to Comment
  • Up against a disclosure deadline, the Fed files an emergency request for a 90-day delay of the ruling that would force it to share details of its emergency lending program. If the request is approved, the Fed will have until Nov. 18 to appeal the ruling to the Supreme Court.  [View news story]
    Learn about the fed and its governing principles, and come back to me when your political ideology stops distorting your perception of the world.
    Sep 9, 2010. 03:25 PM | Likes Like |Link to Comment
  • Up against a disclosure deadline, the Fed files an emergency request for a 90-day delay of the ruling that would force it to share details of its emergency lending program. If the request is approved, the Fed will have until Nov. 18 to appeal the ruling to the Supreme Court.  [View news story]
    Obama has no control over Fed policies. That is the whole point of an independent federal reserve. People will look for any reason to blame Obama for everything. Get real folks.
    Aug 30, 2010. 12:28 PM | Likes Like |Link to Comment
  • The WTO orders the EU to remove import tariffs on billions of dollars of high-tech goods. If the EU doesn't lift the tariffs, the U.S., Japan and Taiwan would have the right to impose tariffs on goods made in Europe.  [View news story]
    This is how the WTO has been operating since its creation and it has been fairly successful. There is no other plausible way to enforce free trade agreements, other than by allowing countries to retaliate within the framework of the agreement. This is nothing new and you haven't offered an alternative to enforcing free trade agreements. This has absolutely nothing in common with Smoot-Hawley, not in spirit nor in substance.
    Aug 17, 2010. 10:24 AM | Likes Like |Link to Comment
  • The WTO orders the EU to remove import tariffs on billions of dollars of high-tech goods. If the EU doesn't lift the tariffs, the U.S., Japan and Taiwan would have the right to impose tariffs on goods made in Europe.  [View news story]
    this ruling is in support of free trade... "The WTO orders the EU to remove import tariffs on billions of dollars of high-tech goods."
    Aug 16, 2010. 05:30 PM | Likes Like |Link to Comment
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