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  • Buffett's Deal-Making End Game
    There was a lot not to like in the yearend report of Berkshire Hathaway. But, the stock’s trajectory, up 28%, made it unmistakably a 2014 absolute and comparative winner. All this in a year when hedge fund operators woefully underperformed the S&P 500 Index as did the majority of big [...]
  • European High Yield Bond Issuance Surges As Borrowing Costs Fall
    Conditions remain strongly supportive for borrowers in the European high-yield bond market, with 2015 new-issue volume racing to €14.6 billion – a 52% increase year-on-year, and ahead of any other comparable period. More often than not, February experiences a slowdown in primary activity as earnings season gets underway. This year, however, [...]
  • Supreme Court's Battle Over Statutory Construction Will Determine Obamacare's Fate
    As the Supreme Court heard oral arguments in King v. Burwell today, much of the political debate centered around whether the judicial body's five conservative jurists would deliver a fatal blow to the Affordable Care Act three years after the law barely survived the Court's scrutiny. Unlike the previous case, which [...]
  • Confused By Obamacare? This Simple Example Explains Today's Court Fight
    Obamacare is back at the Supreme Court, in a struggle that could destroy the health law ... and most readers are bored by it. Who can blame them? The current legal fight over the Affordable Care Act — with endless talk of specific subsections, grammatical constructions, and extensive debates over statutory language — is pretty [...]


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" Note to secessionist Texans: now is the time to wave the Confederate Flag. "
Melissa Harris-Lacewell