Daily Archive: July 5, 2020

Predominantly Black armed protesters march through Confederate memorial park in Georgia By Reuters

© Reuters. FILE PHOTO: Protesters rally against racial inequality in Stone Mountain

By Steve Gorman

(Reuters) – A predominantly Black group of heavily armed protesters marched through Stone Mountain Park near Atlanta on Saturday, calling for removal of the giant Confederate rock carving at the site that civil rights activists consider a monument to racism.

Video footage of the Independence Day rally posted on social media showed scores of demonstrators dressed in black – many in paramilitary-style clothing and all wearing face scarves – quietly parading several abreast down a sidewalk at the park.

The protesters all carried rifles, including military-type weapons, and some wore ammunition belts slung over their shoulders. Although African Americans appeared to account for the bulk of the marchers, protesters of various races, men and women alike, were among the group.

One video clip showed a leader of the demonstrators, who was not identified, shouting into

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Light on tech, heavy on banks — has Warren Buffett lost his touch?

When the Financial Times interviewed Warren Buffett last year, he predicted that future returns from his company Berkshire Hathaway and from the U.S. stock market as a whole would be “very close to the same.”

Berkshire shareholders could be forgiven for thinking: if only.

The famed stockpicker had his worst performance versus the S&P 500 in a decade in 2019, and 2020 is shaping up to be nearly as bad. Instead of taking advantage of the coronavirus crisis that hit markets in March, Buffett was a casualty. Instead of highlighting Berkshire’s balance sheet strength, the crisis exacerbated longstanding concerns over the company’s direction. Some longtime Buffett watchers argue that it is time to fundamentally rethink Berkshire’s mix of businesses and investments.

The question comes more loudly now than at any time since Berkshire missed out on the dotcom boom: has Buffett lost his touch?

Berkshire’s “chronic underperformance” requires answers, according

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To fight the coronavirus budget crisis, act like Alexander Hamilton

Some U.S. states are facing disproportionate financial challenges due to the pandemic. Plunging tax revenue, unemployment, and rising healthcare expenses, coupled with high levels of existing state debt have driven some states into acute financial distress – threatening the nation’s unity.

This is not the first time the U.S. has confronted a common, disparately borne struggle. In 1790, Alexander Hamilton spurred the federal government to take over the debt accumulated by states in the fight for independence. It was the “price of liberty.” The agreement caused controversy, particularly among the states asked to contribute more. In the event, unity prevailed, and the nation strengthened.

Today, a similar act of solidarity is needed. To be clear, we are not suggesting indebted states be bailed out, but they should not be made to pay for their pandemic-induced financial strain. Instead, the incrementalcosts states incur during recovery should be considered the “price of … Read More