Buffett’s worst year

Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire’s worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. …

Postój za państwowe

Rząd po raz pierwszy zamierza pomóc firmom tak, by nie musiały zwalniać ludzi – donosi "Gazeta Wyborcza". Chce płacić pracownikowi połowę pensji minimalnej, gdy firma stanie z powodu kryzysu. Drugą połowę ma dorzucić pracodawca.

Regulators shutter 2 more banks

U.S. bank regulators closed two more banks on Friday, the 15th and 16th banks to fail this year, as the worsening recession pulled more regional banks underwater.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/nqlUa6j1Q1Y” height=”1″ width=”1″/

Obama thinks big in budget

President Obama last week — his sixth in office — showed his hand on how he hopes to shape the government’s federal budget and the U.S. economy along the way.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/T5s2O4uUtPY” height=”1″ width=”1″/

Mortgage deductions: Wealthy on the losing end

The Obama administration plans to tap the rich to help pay for its ambitious programs. Specifically, that will include slashing mortgage interest deductions for high-income taxpayers.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/dAMEcA9Hevk” height=”1″ width=”1″/

Obama’s rude shock to six-figure earners

During the presidential campaign, Barack Obama tempered his pledge to substantially raise taxes for high earners with an important proviso: He’d simply restore rates to their levels during the Clinton Administration. The implication was that families in the upper brackets would see their total tax bite go back to the …

Oil settles down 1%

Read full story for latest details.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/fHtoBsqkKxY” height=”1″ width=”1″/

In one town, recession helps bridge cultural rift

The recession has hit Framingham, Mass., like an earthquake, shaking local businesses and thinning their numbers. But the town’s merchants have found one silver lining in the economic calamity: It’s forcing them to tackle a festering problem.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/bALfjLbiqYU” height=”1″ width=”1″/

The coming deficit reckoning

There is much that is encouraging in President Obama’s first budget, but also items of concern for those of us who worry that our growing deficits and debts will imperil America’s future.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/A1QZBSlqROg” height=”1″ width=”1″/

Oil drops more than 3%

Read full story for latest details.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/fHtoBsqkKxY” height=”1″ width=”1″/

GDP slides 6.2% on slower spending

The nation’s economic slide during the last three months of 2008 was even sharper than previously estimated, with the broadest gauge of economic activity suffering its worst decline in 26 years, the government reported Thursday.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/JGdolBdwqss” height=”1″ width=”1″/

Consumer confidence slumps

Read full story for latest details.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/DgJ2jXQqsbU” height=”1″ width=”1″/

GDP slides on spending slowdown

The nation’s economic slide during the last three months of 2008 was even sharper than previously estimated, with the broadest gauge of economic activity suffering its worst decline in 26 years, the government reported Thursday.img src=”http://feeds2.feedburner.com/~r/rss/money_news_economy/~4/JGdolBdwqss” height=”1″ width=”1″/

Kryzys dotyka branżę turystyczną

W 2008 roku do Polski przyjechało o 9 procent mniej cudzoziemców niż w rok wcześniej. O 1/3 zmniejszyła się liczba gości zza wschodniej granicy: Białorusi, Ukrainy i Rosji. Ten bilans można poprawić – uważa Polska Organizacja Turystyczna. Paradoksalnie kryzys może spowodować napływ turystów z zagranicy. Polska stała się bardzo atrakcyjnym …