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Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Paul Volcker Feb.20

…other part of the financial market. So you have a two-tier financial system, and then you have a series of issues that I would put in a general label of…

Real world business for the economic buffs

…white label website development. A local flower shop is considered a retail business. This is true but, it is also a manufacturing business. The design of your shop’s storefront is…

Same labels, same old stuff

One Salient Oversight sends some thoughts from down under on recycling labels: Think of the common labels thrown out against political opponents these days. What sort of political thinking would…

The Shrinking of Treehorn

…show prices, but sizes of items. Lempert says packaged goods makers should have to put the word “new” on the label if they take away even 1 ounce and explain…

Soc Sec XIX: Narratology of ‘Crisis’

…(but not huge tax cut). Taken from the standpoint of the typical income taxpayer, crisis at depletion actually is the functional equivalent of paying off an amortized mortgage, a large…

Limited tricks, monolines, municipal bonds…

…Mae and Freddie Mac) and not (private-label MBS) means it will have eventually sold or pledged half of its Treasurys, limiting how many more of these tricks it can pull…

Clouds

…contributions from now on so the widget can keep the references updated. Past posts can be labeled at your convenience, such as social security, WTO, global warming, taxes, economists etc….

Eyes on Trade

…what their counterparts label ‘protectionism.’… [the services trade lobby’s] body of work took on the attributes of a social science literature in which authors cited, critiqued, and built on each…