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Showing posts from July, 2010

[POLITICAL ECONOMIC NEWS]Warren Buffett's likely successor: Chinese Tiananmen protestor, hedge fund manager

Warren Buffett's likely successor: Chinese Tiananmen protestor, hedge fund manager Who will succeed billionaire super-investor  Warren Buffett  when the 79-year-old Oracle of Omaha finally retires as chairman of his  Berkshire Hathaway  holding company? Perhaps no question in global finance has preoccupied investors like this one in recent years. The answer,  at least according to Friday's Wall Street Journal , appears to be a 44-year-old Chinese hedge fund manager who participated in the deadly  Tiananmen Square  protests 20 years ago named  Li Lu . Li  was taken from his parents in China when they were sent through Mao's brutal  Cultural Revolution  re-education process, which set China back decades and was responsible for more than 1 million deaths. He became a student activist and took part in the Tianamen Square resistance, in which as many as 7,000 Chinese were killed by their own government, according to NATO intelligence. A...

[FOOD NEWS] Have it your way: Regional chains feed burger hunger

Have it your way:  Regional chains  feed burger hunger McDonalds, Burger King and Wendy's aren't the only game in town by Peter Hartlaub msnbc.com  Whether you want pear chutney grown by local farmers on your sandwich, or an artery-clogging ball of meat and grease for less than a buck, there’s a regional burger chain for you somewhere in America. While the big three hamburger giants — McDonald’s, Burger King and Wendy’s — still command more than two-thirds of the market in the U.S., the fast food burger landscape has been changing at a breakneck pace. Five Guys, introduced to the nation last year during a visit by President Barack Obama, has gone from a six-restaurant Virginia-based chain in the early 2000s to a national force with more than 600 restaurants in 48 states in 2010. Colorado-based Smashburger, which didn’t exist before 2007, now has 77 locations in 17 states. Many of the fastest-growing restaurants are so-called “better burger” or “fast casual” re...