The afternoon deal: Hard rock, hard time

Screen shot of Warren Buffett in a Geico commercial from youtube.com.Hot news items today include the Teva deal, MGM Mirage’s move out of Atlantic City and a possible Siemens spin off. But the limelight shines elsewhere, on a hard rocking Buffet and inmate number No. 61727-054.

Warren Buffett Rocks Out (NYT)
“The Oracle of Omaha made a guest appearance in a music video produced by employees of Geico, the insurer he owns through Berkshire Hathaway.”

Madoff Beaten in Prison (WSJ)
“Mr. Madoff was treated for a broken nose, fractured ribs and cuts to his head and face, according to a felon currently at Butner serving time on drug charges who was familiar with his condition at the time.”

The 20 Hot New York City Startups You Need To Watch
(Business Insider)

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The 20 Cities That Have Completely Missed The Recovery

Provided by The Business Insider, Mach 18, 2010: The Recession never ended in some cities, and the recovery has a long ways to go.
There are cities in Florida where foreclosures are still rising,
blotting out any chance of recovery in home prices. The m

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Greenspan Finally Admits He Blew It

From The Business Insider, March 18, 2020: Five years later, Alan Greenspan finally admits he screwed up.
Kind of.
Sewell Chan, NYT:
…the former

Policymakers Fiddle as Derivatives Keep Burning Investors Worldwide

There’s been a lot of talk in Washington about regulating derivatives but very little action so far. In the meantime, more derivatives transactions are being place every day — even as banks face continued allegations of related abuses.On Wednesday, an It

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Greek Bailout Suddenly Isn’t Looking Like a Sure Thing

Greek Prime Minister George Papandreou on Thursday moved to shore up support for a package of loans aimed at restoring confidence in the country’s debt, the WSJ reports. But as FT Alphaville reporter Stacy-Marie Ishmael explains, troubling cracks are emer

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In Defense of Lehman Brothers? What a Difference a Week Makes

Last Friday, Lehman Brothers’ bankruptcy examiner Anton Valukas issued a scathing report that seemed to all-but indict former executives of the firm, as well as its auditor, Ernst & Young. …

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More Details Leak Out About Google’s Plans for Set-Top Box

From paidContent.org, March 18, 2010: More details are coming in about what Google may have in store for the set-top box. Just a week after the

Bernanke Wants to Eliminate Reserve Requirements Completely

From The Business Insider, March 18, 2010: The post originally appeared on The Economic Collapse.Up until now, the United States has operated under a “fractional
reserve” banking system. …

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