Procrustes Stretched
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Under Obama the Economy is Expanding! True Story
What does it mean? If you are Warren Buffet it means profit: Berkshire Hathaway's 3rd-quarter profit rises 29% to $5.05 billion - latimes.com
Keep hearing how Obama owns the economy, so...with the bad comes the good.
What does it mean? If you are Warren Buffet it means profit: Berkshire Hathaway's 3rd-quarter profit rises 29% to $5.05 billion - latimes.com
Berkshire Hathaway Inc., the company run by billionaire Chairman Warren Buffett, said third-quarter profit climbed 29% on investments and gains at railroad Burlington Northern Santa Fe.
Net income rose to $5.05 billion, or $3,074 a share, from $3.92 billion, or $2,373, a year earlier, the Omaha company said Friday. Operating earnings, which exclude some investment results, were $2,228 a share, missing the $2,403 average estimate of analysts surveyed by Bloomberg.
Berkshire has benefited from an expanding U.S. economy and stands to make further gains as consumer demand picks up and the housing market recovers. The company's subsidiaries haul freight, insure cars, generate electricity, make building supplies and sell products as varied as running shoes and diamond rings.
Keep hearing how Obama owns the economy, so...with the bad comes the good.
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