The Millionaire Class: Most New U.S. Senators are Rich

Approximately 60% of first-year U.S. senators and 40% of House of Representatives freshmen are worth at least $1 million, according to the Center for Responsive Politics. That makes them far richer than most of the Americans th…

The Risks of the Mortgage Mess: The Banks’ View

HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…

Coke Takes the Fizz out of Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke’s nearly 4% drop is a we…