It’s D-day at the Fed, as Chairman Ben Benrnake (pictured) and the Federal Open Market Committee unveil their latest policy decision. Virtually no-one is expecting a rate move, but, rather, the focus will be on language and how the Fed weighs recent upbeat economic data against fears that a burgeoning recovery is on shaky ground.
Warren Buffett calls his bet on railroad Burlington Northern Santa Fe “an all-in wager on the economic future of the United States.”
It started out with two law school friends turning a modest profit on confidential merger news. But after 14 years of cashing in on blockbuster deals, the scheme came crashing down in a case that unfolds like a paperback detective novel. Read the whole story here.
By Neil Brennan
I was an exchange student studying in Strasbourg when the news first broke. My immediate reaction was the same as everyone else – incredulous. How could it be? As a student of Soviet Political Systems, I knew things were moving quickly – but in our minds, the Wall represented all that divided East from West. It was impenetrable – wasn’t it?