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INfact: Business Facts for March 2010

Number of miles of railroad track controlled by Warren Buffett in 2010: 13,000  Number of miles controlled by Cornelius Vanderbilt in 1887: 4,625   Ratio of Vanderbilt’s wealth to U.S. GDP at the height of his wealth: 1/87   Ratio of Buffet’s wealth to the U.S. GDP in 2006, when he was the second richest man in America: 1/2968 Minimum number of ...

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How Obama Inherited the Colin Powell Rule

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When Sweden refuses to bailout Saab and the French prime minister scolds the U.S. for excessive government spending the world is truly upside down. The problem with government involvement in private industry is the confusion it creates. Take the latest twist in the government’s  bailout of the auto industry.The Obama administration has given GM CEO Rick Wagoner the boot as condition ...

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