There was a story this morning on the cover of the New York Times about the mortgage industry fighting back against new regulations coming down the pike from the Federal Reserve. The Fed wants to require lenders to do things like make sure people taking out subprime loans can afford them, and clearly disclose fees [...]
Let’s be honest. A lot of corporate mergers don’t make sense. But chocolate-maker Mars buying gum-maker Wrigley with all-around-smart-guy Warren Buffett helping to finance the deal? Do I get M&Ms thrown at me if I call that delicious? On this morning’s conference call, there was a lot talk about the “strong cultural and strategic fit” [...]
That’s in the Mercado Central in San Jose, Costa Rica, this morning. We’re going to catch a plane to Newark in a few hours, and I’m back at work tomorrow. I’m tempted to post lots of out-of-focus long-distance shots of sloths and monkeys, but I’ll leave it with this cool photo, taken from the car [...]
