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Chicago Tribune (October 8)

2013/ 10/ 08 by jd in Global News

“President Barack Obama’s decision to skip a trip to Asia … was understandable given the circumstances, but it also has consequences. This is a crucial moment in America’s negotiations for free trade with Asia, and Obama is 10,000 miles away from the action.”

 

USA Today (October 7) USA Today (October 7)

2013/ 10/ 08 by jd in Global News

“There are two Americas, all right. There’s one that works — where new and creative things happen, where mistakes are corrected, and where excellence is rewarded. Then there’s Washington, where everything is pretty much the opposite.”“There are two Americas, all right. There’s one that works — where new and creative things happen, where mistakes are corrected, and where excellence is rewarded. Then there’s Washington, where everything is pretty much the opposite.”

 

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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