Kire Trajkov Kejten

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Buffett on "The Institutional Imperative": Berkshire Shareholder Letter Highlights

Some of my previous posts have made reference to what Warren Buffett calls <i>"the institutional imperative".</i> In a nutshell, it's the tendency for …

Tech Leaders, Economists Split Over Clean Energy's Prospects

There is a broad scientific consensus that to keep global warming in check, we need to phase out 80 percent of all oil, coal and natural gas by midcentury. President Obama has set a nonbinding target to do precisely that.<p>There are technologists who say this national goal is well within reach, but …

RBS shares lose 7% after it decides against 'bad bank' split - BBC News

Is India becoming an inflation nation?

<b>Milton Friedman famously said inflation is always and everywhere a monetary phenomenon. More recently Paul Krugman stood the legendary University of Chicago economist on his head saying high inflation is nowhere "merely" a monetary phenomenon and it is "always associated with severe political and</b> …

Ex-Bernie Madoff Employee Testifies He Made Fake Trades With Co-Workers

By Joseph Ax<p>NEW YORK, Oct 31 (Reuters) - A former trader at Bernard Madoff's investment firm described on Thursday how he helped create false trades with two other former employees to prop up Madoff's $17 billion Ponzi scheme.<p>David Kugel, who joined the firm in 1970 and worked there for nearly four …

Morgan Stanley: Here's Why The Euro Has Been So Strong

The surging Euro — which is at levels not seen since late 2011 — is one of the biggest stories in global financial markets.<p>Analyzing the factors driving the Euro has become something of an obsession.<p>Morgan Stanley FX strategist Hans Redeker offered his explanation of why the Euro's been to strong …

Fannie Mae Suing Nine Banks Over Libor Manipulation

Mortgage-finance giant Fannie Mae is suing nine banks over their alleged participation in manipulating worldwide interest rates, according a lawsuit filed Thursday afternoon in federal court in Manhattan. Fannie says it suffered $800 million in damages from the manipulation of the London interbank …