In the Leonardo DiCaprio movie Blood Diamond, a citizen from a diamond-rich African nation remarks on how much worse things would be if oil were discovered. The populace of Myanmar is about to find out how true that statement is for themselves.
On April 1, the U.S will have the corporate highest tax rate in the world. The Wall Street Journal reports that Japan is reducing its corporate taxes from 39.5% to 36.8%, leaving the U.S. #1 with its unchanged average corporate tax rate of 39.2%.
Better shipping facilities in the United States are needed to meet the demand for American products in emerging market countries and other areas, according to George Will in a recent syndicated column in The Washington Post and other papers, “Deeper Ports should not have to wait a decade.”
Warren Buffett to Europe: I want your business, but you can keep your bonds (IBM, GE, KFT, GS, BAC & BRK-A)
Warren Buffett is bullish on U.S. companies that do a lot of business in Europe, buying the stock of IBM (IBM, quote), Goldman Sachs (GS, quote), General Electric (GE, quote), Bank of America (BAC, quote) and Kraft (KFT, quote) for the holdings of Berkshire Hathaway (BRK-A, quote). But he is not interested in bonds from Europe due to the lack of economic leadership.