NewsTrust - All Rated Stories

J.P. Morgan's hunt for Afghan gold

Thu, 12 May 2011 00:00:00 -0700

Fortune - By James Bandler - May. 12 (Special Report) - To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity -- one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset.

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China's renewable energy edge

Wed, 22 Sep 2010 00:00:00 -0700

CNN - By Steve Hargreaves - Sep. 22 (News) - China has already surpassed the United States in the amount of wind turbines and solar panels that it makes. China is also gaining on the United States when it comes to how much of their energy comes from renewable energy sources.

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AT&T, Verizon, others, thought about dropping health plans

Thu, 06 May 2010 00:00:00 -0700

Fortune - By Shawn Tully - May. 06 (News) - Internal documents recently reviewed by Fortune, originally requested by Congress, show what the bill's critics predicted, and what its champions dreaded: many large companies are examining a course that was heretofore unthinkable, dumping the health care coverage they provide to their workers in exchange for paying penalty fees to the government.

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How Obama got Keynes wrong

Sat, 06 Feb 2010 00:00:00 -0800

Fortune - By Shawn Tully, Fortune - Feb. 06 (Interview) - The Obama White House likes to say that the theories of John Maynard Keynes form the foundation for its fiscal policies. Most notably, it draws upon the legendary British economist's idea of spending big to pull out of a recession.

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What Iraq will cost the U.S.

Sat, 12 Jan 2008 00:00:00 -0800

Fortune - By Lawrence B. Lindsey - Jan. 12 (Special Report) - The war has not been economically ruinous. The bill for Iraq over the past five years is now approaching a cumulative $500 billion, or about $100 billion per year on average. My hypothetical estimate got the annual cost about right, but I misjudged an important factor: how long we would be involved.

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Energy bill: No fast fixes for rising fuel costs

Thu, 13 Dec 2007 06:58:07 -0800

Fortune - By Renuka Rayasam - Dec. 13 (News Report) - After months of wrangling, the Senate hammered out an energy bill Wednesday that includes a compromise on tax incentives for renewable energy. Despite small-business provisions remaining intact, the bill - scheduled for a Senate vote on Thursday - provides little relief to companies facing rising fuel costs.

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Jittery consumers seem likely to trigger a recession

Mon, 26 Nov 2007 11:39:03 -0800

Fortune - By Colin Barr - Nov. 26 (Special Report) - After years of living happily beyond their means, Americans are finally facing financial reality. A persistent rise in energy prices will mean bigger heating bills this winter and heftier tabs at the gas pump. Job growth is slowing and wage gains have been anemic. House prices are sliding, diminishing the value of the asset that's the biggest factor in Americans' personal wealth. Even the stock market, which has been resilient for so long in the face of eroding consumer sentiment, has begun pulling back amid signs of deep distress in the financial sector.

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Microsoft takes on the free world

Mon, 14 May 2007 06:41:03 -0700

Fortune - By Roger Parloff - May. 14 (News Analysis) - Microsoft claims that free software like Linux, which runs a big chunk of corporate America, violates 235 of its patents. It wants royalties from distributors and users. Users like you, maybe.

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Rage against the machine

Mon, 30 Oct 2006 20:44:07 -0800

Fortune - By Barney Gimbel - Oct. 30 (Opinion) - Here's a five-step plan guaranteed to make an obscure company absolutely notorious. First get into a business you don't understand, selling to customers who barely understand it either. Then roll out your product without adequate testing. Don't hire enough skilled people. When people notice problems, deny, obfuscate and ignore. Finally, blame your critics when it all blows up in your face. With missteps like those, it would be hard to succeed in the gumball business. But when your product is the hardware and software of democracy itself, that kind of performance gets you called not just incompetent but evil - an enemy of democracy. And that is what has happened to Diebold Inc. of Canton, Ohio, since it got into the elections business in 2001.

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Ethanol could leave the world hungry

Wed, 16 Aug 2006 15:56:23 -0700

Fortune - By Lester Brown - Aug. 16 (Opinion) - The growing myth that corn is a cure-all for our energy woes is leading us toward a potentially dangerous global fight for food. While crop-based ethanol -the latest craze in alternative energy - promises a guilt-free way to keep our gas tanks full, the reality is that overuse of our agricultural resources could have consequences even more drastic than, say, being deprived of our SUVs. It could leave much of the world hungry.

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Warren Buffett gives away his fortune

Sun, 25 Jun 2006 16:54:48 -0700

Fortune - By Carol J. Loomis - Jun. 25 (News Report) - FORTUNE EXCLUSIVE: The world's second richest man - who's now worth $44 billion - tells editor-at-large Carol Loomis he will start giving away 85% of his wealth in July - most of it to the Bill & Melinda Gates Foundation. NEW YORK (FORTUNE Magazine) - We were sitting in a Manhattan living room on a spring afternoon, and Warren Buffett had a Cherry Coke in his hand as usual. But this unremarkable scene was about to take a surprising turn. "Brace yourself," Buffett warned with a grin. He then described a momentous change in his thinking. Within months, he said, he would begin to give away his Berkshire Hathaway fortune, then and now worth well over $40 billion. Warren Buffett gives it away This news was indeed stunning. Buffett, 75, has for decades said his wealth would go to philanthropy but has just as steadily indicated the handoff would be made at his death. Now he was revising the timetable. "I know what I want to do," he said, "and it makes sense to get going." On that spring day his plan was uncertain in some of its details; today it is essentially complete. And it is typical Buffett: rational, original, breaking the mold of how extremely rich people donate money. Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations. A dominant five-sixths of the shares will go to the world's largest philanthropic organization, the $30 billion Bill & Melinda Gates Foundation, whose principals are close friends of Buffett's (a connection that began in 1991, when a mutual friend introduced Buffett and Bill Gates).

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A conversation with Warren Buffett

Sun, 25 Jun 2006 17:25:48 -0700

Fortune - By Carol J. Loomis - Jun. 25 (Special Report) - Editor-at-large Carol Loomis speaks with Buffett on why he sped up his plan to give away his money and why he chose the Bill & Melinda Gates Foundation. Coming from you, this plan is pretty startling. Up to now you haven't been famous for giving away money. In fact, you've been roundly criticized now and then for not giving it away. So let's cut to the obvious question: Are you ill? No, absolutely not. I feel terrific, and when I had my last physical, in October, my doctor gave me a clean bill of health. As part of his plan, Warren Buffett is sending letters to each of the five foundations that will be receiving his gifts. The letters may be found on Berkshire Hathaway's Web site. (See the letters) Then what's going on here? Does your change in plans have something to do with Susie's death? Yes, it does. Susie was two years younger than I, and women usually live longer than men. She and I always assumed that she would inherit my Berkshire stock and be the one who oversaw the distribution of our wealth to society, where both of us had always said it would go. And Susie would have enjoyed overseeing the process. She was a little afraid of it, in terms of scaling up. But she would have liked doing it, and would have been very good at it. And she would really have stepped on the gas.

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