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The New Yorker (November 7)

2018/ 11/ 08 by jd in Global News

“A Democratic majority in the House will not only thwart Donald Trump’s legislative ambitions; it could also intensify the state of crisis and siege in Washington” because the result was mixed. “The vote certainly was not a decisive repudiation of Trump, nor was it anything like the resounding endorsement he craved.”

 

Wall Street Journal (October 7)

2013/ 10/ 08 by jd in Global News

“Billionaire Warren Buffett tossed lifelines to a handful of blue-chip companies during the financial crisis. Five years later the payoff on those deals is becoming clear: $10 billion and counting.” In terms of income before taxes, the investments to companies like Bank of America, Dow Chemical, General Electric, Goldman Sachs and Mars, have yielded Berkshire approximately 40%. Berkshire received an attractive premium, but provided the companies with critical capital and something even more valuable: “Mr. Buffett’s implicit endorsement of their long-term prospects. Shares of these companies generally went up after they revealed Berkshire’s involvement.”

 

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