I am speeding down the Pacific Coast Highway, the salty ocean air stinging my face as a fierce wind whips my long, golden brown hair into the heavens. I peer over the edge and watch as the azure water crashes on to the California sun-kissed sand. I stiffen my arms on the hand-sewn Italian leather wheel, physically and mentally bracing for the hairpin turn ahead
Follow The Daily Ticker on Facebook! Warren Buffett's Berkshire Hathaway ended its five-year bullish bet on the municipal bond market, disclosing in a recent quarterly filing that the Ohama, Neb., company canceled $8.25 billion worth of credit-default swaps that insured its muni-bond market wager, The Wall Street Journal reports.
Follow The Daily Ticker on Facebook! It is summer movie season and if you thought Hollywood had pulled out all the stops with 3-D and IMAX 3-D, think again. The 4-D movie experience could be coming soon to a theater near you. What is a 4-D movie?
Follow The Daily Ticker on Facebook! San Bernardino, Calif., is the latest municipality to seek bankruptcy protection for its $45 million budget shortfall, following Mammoth Lakes and Stockton, which was the largest U.S city to ever go bust. Bankruptcy filings by these three California cities have raised questions about the scope of budget issues on the local level and whether there will be more. "This is the tip of the iceberg for different reasons in different places," says Richard Brodsky, senior fellow at Demos.org and former 14-term New York State assemblyman
Follow The Daily Ticker on Facebook! How to deal with out of control government spending is a problem that has plagued the U.S. at all levels of government in recent years and could play a large role in the outcome of November's Presidential election
Follow The Daily Ticker on Facebook! In the last few years, few economists and strategists have been as vocally bearish as Gluskin Sheff's chief economist and strategist David Rosenberg. But there is a trend sweeping America that has caused Rosenberg to ease up on his negative outlook and lean a bit more bullish.
Follow The Daily Ticker on Facebook! Ethan Russell has been photographing rock 'n' roll stars since the late 1960s. He's captured some of the world's most influential artists including The Beatles, The Rolling Stones, The Eagles and The Who, for which he earned his first Grammy nomination. Russell is the only photographer who has shot the album covers for The Beatles, The Stones and The Who.
http://www.FT.com/ After circling the globe, Peter Marsh, the FT's manufacturing editor, sees a 21st century that requires companies to make the best of their sometimes idiosyncratic localities.
Helicopter gunships aren't the only things Russia is giving Syria; now the Kremlin is printing money for the cash-strapped Damascus regime.
(Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon defended the intent of the portfolio behind the bank's recent multibillion-dollar trading loss, telling lawmakers it was a genuine hedge that would make the firm a lot of money if a credit crisis hit. Dimon, appearing before the Senate Banking Committee on Wednesday, said well-intentioned traders poorly executed the hedge, and the bank's senior management failed to police the London office behind the trades