Clinton Trahant

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Kim Jong Un's Luxurious 'Seven-Star' Lifestyle Of Yachts, Booze And Food

North Korean dictator Kim Jong-un enjoys a “seven-star” lifestyle of yachts, parties and extravagant food, his friend Dennis Rodman has revealed.<p>The former basketball star, 52, last month made his second visit to the secretive communist nation.<p>While millions of North Koreans starve, Rodman said …

China conspicuous by its absence from major trade talks

Is the economic self-interest of Canada, the European Union, the United States and many Asian countries the only reason for the current mania for free-trade negotiations?<p>The argument from self-interest is an easy and obvious one to make when you understand that international trade generally grows …

Trans-Pacific Partnership

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Malcolm Gladwell: Guru of the Underdogs

His latest gospel of success further romanticizes the Davids of the world and underrates the Goliaths.<p>So David had the advantage all along. His victory was not a miracle; the slingshot was the superior weapon. Goliath’s size and heavy armor—his assurance of victory in a close-contact …

Three Investing Billionaires Have Recently Come Out With Cautious Statements On The Stock Market

In unusual timing, we've recently heard from three investing billionaires (Warren Buffett, Carl Icahn, and Stanley Druckenmiller) suggesting that the stock market is getting rich and fully valued.<p>From O'Rourke:<p>[Buffett] noted that the equity market was fairly valued and stocks were not overvalued. …

You Can Get Richer Pinching Pennies Like Warren Buffett

Many people have tried to emulate Warren Buffett‘s investment style. More may attempt it as they search for the best investing ideas for 2012. But here’s a more attainable goal: Pinch pennies like the Oracle of Omaha. This might turn out to be a New Year’s resolution you can actually <i>keep</i>. And …

The economist who predicted the financial crisis just sounded another alarm—it would be wise to listen this time

In his first official act as the new governor of the Reserve Bank of India (RBI), Raghuram Rajan raised the benchmark interest rate from 7.25 to 7.5%, causing a ripple of surprise in financial circles and eliciting protests from various business representatives. But for people who know the current …