Tiffany Profits Jump 27%; BUFFETT BUYS FROM TIFFANY

[Independem]

Tiffany is benefiting from the return of upper-end customers who were scarce during the recession but have returned now that the stock market has rebounded and other measures of their wealth are improving. But the less affluent are still relatively scarce.

http://online.wsj.com/article/BT-CO-20101124-708845.html

BUFFETT BUYS FROM TIFFANY


Half of the $250 million in debt Tiffany is selling to Berkshire will mature in 2017, and the rest two years later, according to the filing. Proceeds will be used for refinancing existing debt and unspecified corporate purposes.

http://www.nypost.com/p/news/business/item_6myJ5LCCHdnEFIDvP3QQ3M

The Rich are just thumbing there noses at us poor peasants and saying, No Unemployment Checks for you at Christmas………. Shine my Shoes and then my Diamonds and maybe we will get you some coal for heat?

[bluestateguy]

1. All those Wall Street bankers are keeping their wives and mistresses happy

as well as their sorority girl daughters.

[Independem]

2. More Millionaires, Bigger Billionaires While the Middle Class is Evaporating

With the Supreme Court’s ruling in Citizens United v. The Federal Election Commission, the nation’s highest court paved the way for the nation’s rich to consolidate their control over the political process, further marginalizing average Americans and their votes.

http://economyincrisis.org/content/more-millionaires-bigger-billionaires-while-middle-class-evaporating

Once upon a time citizens could override the corruption in government now its all over for everyone except for the have and have more!

[tomm2thumbs]

3. 'let them eat diamond-covered truffles!'

cake is so 'yesterday'