Warren Buffett's Berkshire Hathaway announced Thursday that it would invest $5 billion in Bank of America Corp., giving a much-needed vote of confidence in the struggling bank.
Some rich Americans will not rest until Washington boosts their taxes.
Avuncular billionaire investor Warren Buffett on Monday wrote a screed in the New York Times in which he calls for higher taxes on the wealthy because they pay so little in comparison with the little people he professes to want to help.
A ray of hope for the economy emerged Thursday and helped to snap the stock market out of its deep morass, spawning a 423-point rally in the Dow Jones Industrial Average.
As the economic recovery stalls and the debt debate in Washington fuels market uncertainty, business leaders — many of whom were once close to the White House — are increasingly airing their fears that President Obama's policies are stifling job creation.
Once again, it's time to check off some items on my "TIDU List" - Things I Don't Understand:
The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.
Stocks were lower for a fourth straight day with banks and energy companies leading the decline. Worries about a slowing economy also continued to weigh on the broader market Monday.
We have a serious problem in this country. It is not a tax problem. It is a spending problem. Government is addicted to spending. It doesn't matter what the tax rate is. It doesn't matter how high the incoming tax revenues. We could raise tax rates to 90 percent and government would still spend $1.40 for every dollar it takes in. So why are we blaming the victim - taxpayers - for the national debt? Government is a spending addict and needs rehab.
