Business Culture and Current Events Archive
The Story Of Duane Reade
Andrew Ross Sorkin has a wonderful piece on the story of Duane Read, the Manhattan based drug store chain with 257 stores in the New York Area that was acquired by Walgreen's (WGN) last Wednesday, ...
Posted by Greg Feirman · No Comments »
Peter Goodman Revisits Cape Coral, FL
January 5, 2010 · Category: Business Culture and Current Events, Culture and Current Events, Real Estate
We're not in a recession. We're in a depression.
- Bobby Mahan, a local real estate broker
Two years ago, Peter Goodman wrote an award winning piece on the real estate bust in Cape Coral, FL: "This ...
Posted by Greg Feirman · 1 Comment »
WSJ Documents Crisis And Leviathan, 2009
December 29, 2009 · Category: Business Culture and Current Events, Government, Macro Economics, Politics
The frontier between the state and market has shifted. The realm of the state has been enlarged.
- Daniel Yergin, author of 1998's The Commanding Heights which chronicled the ascent of free market forces starting in ...
Posted by Greg Feirman · No Comments »
WSJ Front Page: GE Pursues Pot Of Government Stimulus Gold
November 17, 2009 · Category: Business Culture and Current Events, Macro Economics, Politics, Stocks
The government has moved in next door, and it ain't leaving. You could fight it if you want, but soceity wants change. And government is not going away.
- Jeff Immelt, CEO, General Electric, in June ...
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Complex Motives In Buffett’s Burlington Northern Purchase
Some analysts have been puzzling over the high price Buffett agreed to pay for Burlington Northern Santa Fe (BNI). He paid $100 a share for a company that has earned $5.38 over the last 12 months ...
Posted by Greg Feirman · 2 Comments »
Brooks: The Erosion Of American Financial Values
September 30, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Macro Economics
Human nature, in no form of it, could ever bear prosperity.
- John Adams Letter to Thomas Jefferson, quoted in David Brooks "The Next Culture War"
Over the past few years, however, there clearly has been an ...
Posted by Greg Feirman · No Comments »
Susquehanna’s Billionaire Founder Jeff Yass Honed His Mind on Probability Theory And Poker
September 28, 2009 · Category: Business Culture and Current Events, Options, Poker, The Investment Advice Business
I learned more about option trading strategy by playing poker than I did in all my college economics courses combined.
- Jeff Yass, The New Market Wizards: Conversations With America's Top Traders (1992), p. 396 - ...
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New York Magazine Profile Of Financial Blog Zero Hedge
September 28, 2009 · Category: Blogs, Business Culture and Current Events
New York Magazine has an interesting profile of popular financial blog Zero Hedge: "The Dow Zero Insurgency".
Posted by Greg Feirman · No Comments »
Pfizer Fined $2.3 Billion For Improper Marketing
September 3, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Stocks
The Pfizer unit Pharmacia & Upjohn pleaded guilty to a single felony charge that accused the company of marketing its anti-inflammatory drug Bextra for broader uses and higher dosages than those approved by the Food ...
Posted by Greg Feirman · No Comments »
SI: How Oversupply Killed The Baseball Card Industry
August 31, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Economics
My sales from '88 to '92 were $10,000 to $13,000 a month, and the cost of goods was only $1,000 to $2,000 a month. Then they started putting out so much product, raising the price ...
Posted by Greg Feirman · 1 Comment »
