People

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

New York, November 7 -- The nation's unemployment rate jumped to 10.2 percent, hitting double digits for the first time ever in 26 years.

Berkshire Hathaway 's Warren Buffett is a
value investor, right? Everyone knows that!

Berkshire Hathaway (NYSE: BRK-A) recently
announced that it would buy
Burlington Northern Sante Fe (NYSE: BNI) for
$100 a share. The deal is a textbook example of Berkshire CEO
Warren Buffett's investing prowess. Railcar loadings are one
of his favorite economic indicators, and Buffett is buying a
quality freight business at what data shows to be near the
bottom of this deep contraction in economic activity. The
"Oracle of Omaha" calls the pending purchase an "all-in wager
on the economic future of the United States."

New York, November 4 -- A House Bill introduced Tuesday by George Miller and Lynn Woolsey, both Democrats from California, directs all the U.S. employers to pay for up to five days' sick leave for workers sent home due to contagious illness, especially the H1N1 strain.

Shanghai, November 4 -- The Shanghai government Wednesday announced its approval for the Walt Disney Company to build a theme park in Shanghai. The entertainment giant, too, acknowledged receiving approval for the same from the Chinese government.

Simi Valley -- Police in California allege a Family Christian Book Store employee accidentally recorded himself setting up a peeping camera in the store's bathroom.

New York -- A New York City Council candidate has drawn the ire of some voters with campaign literature realistically disguised as parking tickets.

Denver -- Gorilla-suited runners broke a Guinness World Record in Denver while raising money for a gorilla-conservation fund, the organization's officials said.

Sydney-- The chair of Britain's Duke of Edinburgh gold award said in Australia the risk of death is part of the award's allure for young people.