Jun
18
Americans Are Mad About Sale of Budweiser
June 18, 2008 | 5 Comments
Are Americans mad about political shenanigans on Capitol Hill? Are they upset about dirty deals on Wall Street? No, Americans are fired up about the possible hostile takeover of Anheuser-Busch (maker of Budweiser) by the Belgian company InBev. Americans love their beer.
Usually when a company is sold to foreign owners, the reaction [...]
Mar
12
Financial Derivatives Still Considered Harmful
March 12, 2008 | 1 Comment
In the five years since Warren Buffet’s warning about long term financial derivatives contracts the volume of such derivatives has increase five times from $100 trillion to $516 trillion. This according to BIS via Paul B. Farrell of CBS Marketwatch.com, implies “a massive new derivatives bubble is driving the domestic and global economies, a [...]