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Billionaires profit during jobless recovery
Billionaires profit during jobless recovery
The stock market is enjoying record highs, and the mainstream media is touting a recovery in the nation’s housing sector. There are more billionaires than ever around the world, but this economic boon is not being felt in all parts of the U.S. economy. While the wealthiest have seen their paychecks soar, the pain on Main Street continues as Americans struggle to find work and keep their homes.
Warren Buffett wants his MTV
Warren Buffett wants his MTV
Berkshire Hathaway upped its stake in Viacom. Separately, earnings beat forecasts. But sales were down and Viacom’s stock has lagged rivals.