Buffett’s bet of the century
How the Oracle of Omaha embarrassed his own industry
How the Oracle of Omaha embarrassed his own industry
Rawpixel.com/ShutterstockUS president Donald Trump has a particular look. Sharp navy suits, overly long ties and crisp white shirts, always structured to command attention. It’s a power uniform rooted in a very traditional idea of masculine elegance. Trump wants it to look expensive, meticulously crafted, consistent, and entirely his own.
Statement from the Bank of England
A series of opinion polls published over the last couple of weeks have provided no encouragement to PASOK and SYRIZA, its predecessor as the main opposition party, while indicating that Course of Freedom, which positions itself on the extreme left, continues to be the party that is the main vehicle for voters’ frustration.
We propose a novel empirical structural inflation model that captures non-linear shock transmission using a Bayesian machine learning framework that combines VARs with non-linear structural factor models. Unlike traditional linear models, our approach allows for non-linear effects at all impulse response horizons. Identification is achieved via sign, zero, and magnitude restrictions within the factor model. Applying our method to euro area energy shocks, we find that inflation reacts disproportionately to large shocks, while small shocks trigger no significant response.
It’s more than great stock picks and insurance premiums
Pair are combining $40bn in personal investments and look to raise billions from outside investors
Plus, are private equity’s best days behind it? And 3G’s Skechers bet
Swiss bank admits it violated previous deal with the US justice department
Move comes as Big Four accounting firm struggles with low staff turnover