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When it comes to economic policy, Barack Obama's standard campaign crack that a John McCain Administration would amount to a third term of George W. Bush contains an awful lot of truth. Yes, McCain is a different man, with a different history, who will face a different set of challenges and opportunities than Bush has. But look through McCain's campaign pledges on the economy, and for the most part they really do amount to a continuation of two key policy priorities of the Bush Administration: cutting taxes and moving more economic decisions (and responsibilities) into the hands...
...money floods in, Akula has tales of brewing conflict. Consider the time a bank chairman asked if SKS could raise its interest rates. Akula said yes (in most markets it has a monopoly) but that SKS wouldn't do so because it would be exploitative. The banker scoffed that Akula didn't understand economics. Akula shot back that the banker didn't understand customers, who would turn on SKS if they felt abused. "We're maintaining a loyal customer base that will stay with us as they get out of poverty," says Akula...
...Yes, I have. I quit smoking in January of 2007. In the end, the reason I quit was so I could stay at decent hotels. Nice hotels in the U.S. went completely nonsmoking. That said, I don't suggest that anyone quit smoking. I love the smell of smoke. Cigarettes smell really good to me. They smell like an apple pie baking...
...things that prompted Rainwater's sell decision was a reader poll on the investing website Motley Fool--yes, even billionaires get ideas from Motley Fool. "What are you doing to deal with high gas prices?" the poll asked. Seventy-seven percent of the respondents said they were cutting back on consumption (by driving less, buying a hybrid, buying a Vespa, etc.). Rainwater, who was one of the 23% who clicked on "Absolutely nothing. I'm rolling in profits from my oil stocks," took it as a sign...
...national-security correspondent and a Pulitzer Prize winner, "isn't it important to have sufficient troops so that the Pentagon doesn't have to keep recycling troops into combat like mental cannon fodder, without consideration to the price they ultimately have to bear?" The answer, of course, is yes...