What inspires a billionaire? In the case of Bill Gates, it’s a 500-year-old manuscript penned by Italian genius Leonardo da Vinci. And at $30.8 million, it was probably a bargain to the Microsoft founder, who considers it a priceless symbol of knowledge. Charlie Rose talks to Gates about the historic document — the world’s most valuable — for a 60 Minutes story to be broadcast Sunday, May 12 at 7 [...]
“It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.”
The White House has released limited excerpts of President Obama’s State of the Union Address:
“It is our generation’s task, then, to reignite the true engine of America’s economic growth – a rising, thriving middle class.
“It is our unfinished task to restore the basic bargain that built this country – the idea that [...]
WEST LOS ANGELES (CBSLA.com) — Retailers are concerned that bargain-hunting shoppers may be growing increasingly aggressive when it comes to the start of the Christmas shopping season.
KNX 1070?s John Brooks reports local stores are boosting security ahead of what could be a rowdy – and record-setting – Black Friday.
Analysts are predicting a 3.1 percent jump in sales from over a year ago when stores open the day after – or even as early [...]
Oh no. Global warming’s on the move again.
You heard me right. Our President told us so today. When he was asked about NYC Mayor Michael “Nanny” Bloomberg’s belief that Obama would do more to fight global warming, Obama made it clearhe’d hold up his end of that bargain. In fact, he went so far as to say that temperatures are rising even faster than predicted just ten years ago. Here’s what [...]
The election results made it abundantly clear that taxes are going to be going up, and right now a lot of wealthy people all over America are trying to figure out how to best position themselves for the hit that is coming. There are a whole host of tax cuts that are set to expire on December 31st, and many analysts are now speculating that we could see a [...]
from Capital Account:
This weekend Athens passed a new austerity budget for 2013 with public sector cuts and privatization measures.
From Pragmatic Capitalism:
I really like the way this article describes how Warren Buffett thinks about cash. I think of it similarly (see below), but I never thought of it as a call option. It says:
Ms. Schroeder argues that to Mr. Buffett, cash is not just an asset class that is returning next to nothing. It is a call option that can be priced. When he thinks that option is cheap, [...]
NEW YORK (CBSNewYork) — A costly error for an airline leads to a great deal for many air travelers.
A glitch on the website for Israeli airline El Al posted airfares for about 75 percent off this week. And some very lucky travelers got in on the deal before the airline fixed it. New York-to-Tel Aviv fares typically go for $1,600 to $1,900.
WCBS 880?s Alex Silverman reports
“I said, $350, it’s cheaper than [...]
Detroit mayor imposes worker benefit, pay cuts
“Detroit Mayor Dave Bing said on Wednesday he has imposed 10 percent pay cuts and other contract adjustments to the city workers in an bid to save the cash-strapped city $102 million a year.
The Detroit City Council on Tuesday had rejected by a 5-4 vote Bing’s plan for the cuts. But as part of an April consent deal that gave the state of Michigan [...]
Buffett Extends Real-Estate Bet With ResCap Pursuit: Mortgages
Hot new filing claims internal docs show rating agencies lied on MBS
A Huge Housing Bargain — But Not for You
(Warren Buffet’s) Wells Fargo Partnered With Insurers To Rip Off Homeowners Class Action Lawsuit Alleges
by Angela Colley, Money Talks News |
Before I started working from home, I worked for a mortgage company – in an office right next to a Starbucks. Every weekday for a year, I bought a Grande Caramel Macchiato for $4.55 and a boxed lunch from a deli for $6.95.
I thought that was a bargain. But at the end of the year, I added up my lunch money and discovered I had spent (drumroll) $1,288.50 on [...]
In cities such as New York and San Francisco $500 might cover your monthly rent whereas in Detroit the same amount can buy you a detached three bedroom house.
New research has revealed the drastic differences in costs of buying property in different cities in the country – and shown that Michigan’s largest city has the most affordable homes by a considerable margin.
Detroit, famed as a one-time industrial city, has the lowest real [...]
Toronto Motorists Line Up For Cheap Gas
It’s a gas of a bargain for motorists, but it won’t last long.
A Toronto travel company launched a cheap gas promotion this morning, offering fuel for 50 cents a litre, and cars began lining up at 6 a.m. ET.
By 7 a.m., several police officers had arrived to help direct traffic.
The promotion runs from 8 a.m. until 11 a.m., or until the Eastern Avenue gas [...]
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David Morgan on The Current Gold Massacre : There are more reasons to be in gold than ever so why has gold pulled back so much? More of a bargain than it was! I’m not holding it for a couple of weeks or months, I’m in it for the long term (like most people)! Now that Silver has dropped below even the low of the May crash, conveniently [...]
Many 2012 vehicle models are an incredible bargain compared to prior years. Some base model prices have been slashed. Others have loaded up on features while holding the line on price.
For instance, the Jeep Grand Cherokee Laredo is $3,220 cheaper this year than last. Toyota Camry models will be up to $2,000 cheaper – and offer 8% better fuel efficiency.
Volkswagen’s Passat has a turbo diesel engine option rated at 31 [...]
In an interview with the Milwaukee Journal Sentinel, Herman Cain said he supports the “right” for public employees to bargain collectively. In other words, he is in favor of unions on the taxpayer dime. Cain also said federal workers have unions, meaning the right to collectively bargain, but they do not.
On the issue of collective bargaining, Cain said he supported the right of public employees to bargain collectively.
“But not collective [...]
The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds.
These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private [...]
Treasury Secretary Timothy Geithner is interviewed by ABC News’ David Muir. (ABC News)
Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth.
And he also pointed out, in an interview today with ABC News’ David Muir, that there is no [...]
If you watch financial television, you’ll hear frequently that “stocks are cheap.”
The S&P 500, analyst after analyst will tell you, is trading at about 15 times this year’s earnings (and even less on projected earnings), which is just below the long-term average.
So you may think that if you buy stocks today, you are getting a bargain.
But be careful!
Professor Robert Shiller of Yale University, who wrote the book [...]