Buffett Pumps Up Bank of America

Staff / Truthdig Aug 25, 2011 Warren Buffett's company Berkshire Hathaway negotiated a $5 billion investment with Bank of America on Thursday, a vote of confidence in the recently ailing institution. (more) [Earlier Thursday, Truthdig erroneously reported the figure as $5 million.] Dig deeper ( 1 Min. Read )

Reich: The Recovery’s False Glow Is Fading

Staff / Truthdig Jun 14, 2011 After six straight weeks of a falling Dow and a period of stalled economic growth, the stagnation of national recovery is glaringly visible to everyone -- except our representatives in Washington, says Robert Reich. Dig deeper ( 1 Min. Read )

Big Finance Argues Its Irrelevance

Staff / Truthdig Jun 12, 2011 Don't mistake the claims of relative unimportance coming from the big shots on Wall Street before an audience of federal regulators over the past several months for some sort of newfound humility. (more) Dig deeper ( 1 Min. Read )

U.S. Colleges Get In on African Land Grabs

Staff / Truthdig Jun 9, 2011 American universities are reportedly using endowment funds to buy and lease vast tracts of African farmland, often for piddling prices, in deals that will reward foreign investors handsomely while separating tens of thousands from their homes and farms and providing little or none of the economic benefits promised them, California researchers say. Dig deeper ( 1 Min. Read )

How to Be a Billionaire

Moshe Adler / Truthdig Feb 2, 2011 All you have to do to be a billionaire is to have an idea. John A. Paulson had an idea, and in 2010 his idea made him $5 billion. (more) Dig deeper ( 1 Min. Read )

Restive Egypt Looks Over Its Shoulder

Staff / Truthdig Jan 24, 2011 The uprising that sacked Tunisia’s government is continuing to echo through the region, with Egypt, especially, looking over its shoulder and fearing instability that could scare off foreign investors. Dig deeper ( 1 Min. Read )

Want to Own a Chunk of Facebook?

Staff / Truthdig Jan 4, 2011 Well, you may have to wait awhile, unless you're among Goldman Sachs' circle of elite customers who were given the investment opportunity Sunday night -- an indication of other possible big moves that Goldman and Facebook might make down the line. Dig deeper ( 1 Min. Read )

Key Testimony May Hinder SEC’s Goldman Sachs Suit

Staff / Truthdig Apr 22, 2010 On Wednesday, a day after Goldman Sachs stock took a dip as the SEC's lawsuit against the financial giant loomed large, The Wall Street Journal suggested that Goldman could catch a break in the case (continued) . Dig deeper ( 1 Min. Read )

Global Markets Hit by Dubai’s Debt Crisis

Staff / Truthdig Nov 28, 2009 Dubai's debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state's announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal. Dig deeper ( 1 Min. Read )

Ivy League Endowments Smacked Down

Staff / Truthdig Sep 12, 2009 These tough economic times have ganged up on the poor, homeowners, investors, students and immigrants. And now comes word that even Harvard and Yale, among the wealthiest schools in the world, have suffered dramatic losses in their endowments over the past year. Dig deeper ( 1 Min. Read )

Al Gore Puts On His Capitalist Cap

Staff / Truthdig Jun 1, 2009 The former vice president has thrown plenty of his own money at the climate crisis, but now the Nobel Prize-winning environmental activist is hoping to profit from his policy ideas. "An environmental start-up backed by Al Gore's venture capital firm aims to take advantage of coming U.S. climate change legislation by helping companies like Coca Cola and even cities cut pollution," reports Reuters. Dig deeper ( 1 Min. Read )

Columbia Professor Faints on ‘Glenn Beck’

Staff / Truthdig Apr 14, 2009 It's hard to say what made Columbia University professor David Buckner pass out during Monday's episode of "Glenn Beck," but perhaps standing so close to the Fox Newser and being obliged to describe a complex economic scenario with the aid of a cheesy graphic entitled "Path to Destruction" had something to do with Buckner's sudden need to take a break from full consciousness. Dig deeper ( 1 Min. Read )