Washington Post business columnist Steven Pearlstein had his own version today of a James Kunstler column on our economic “readjustment” going on right now — just without JK’s colorful metaphors. Most of it is about all the “mirage economies” and the bubbles that were all very related to each other. But there was one interesting … Continued
If the king tells you to “jump!” you say, “how high?” And when Warren Buffett tells you to buy something you say “how much?” So when Buffet, one of the kings of investing, starts putting his money into freight railroads, financial analysts take note. Michael Sivy of CNN Money correctly observes some of the competitive … Continued
Click the video to watch a recent CBS News piece on the growing use of passenger rail Retailers of scale like Wal-Mart and Target survive on small margins. The rate of profit may be small, but selling a bazillion units of everything adds up to a tidy sum at the end of the day. In … Continued
After just a 20 minute turn from #335, Hiawatha #338 heads back to Chicago with a heavy load of passengers. Photo by David Johnson and NARP After losing money for the better part of the decade — even with generous government subsidies and protection — airlines returned to profitability over the last couple of years, … Continued