Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Sunday, June 15, 2008

Most Useless Headline of All Time?

From the intrepid financial journalists at AP, this gem of a headline:

"The worst may be behind for Wall Street - or not"

Gee, thanks. I have an idea for a political headline:

"Obama may win presidency - or not"

Thursday, June 12, 2008

Bud Goes Belgian

I don't understand the huffing and puffing in some quarters about InBev's proposed acquisition of Anheuser Busch. To be sure, the weak dollar has enabled foreign investors to acquire US assets at bargain-basement prices. Nevertheless, the current hullabaloo reminds me of the uproar in the 80s over the acquisition of Rockefeller Center by Japanese investors. In general, the free flow of capital benefits all involved by promoting the efficient allocation of resources. Besides, the existence of acquisitive foreigners will motivate American managers to be leaner, smarter, and, dare I say in the case of Budweiser, better.