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The car went to speeds over 90 MPH. This can’t be good. Watch Toyota shares fall.

Update: This next video, released later, demonstrates that this was no Richard heine balloon Boy hoax. This man was scared for his life.

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The video is pretty all-encompassing and runs just under 30 minutes. Buffett is down on Kraft-Cadbury, raising rates and the bank tax. He is up on Wells Fargo. That sums it up pretty well.
 

 
Quotes
On Wells:
Well, my guess is that the revenue and all of that is more or less like I expected.  I mean, Wells, [...]

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While many companies can use the huge increase in market returns to mask a looming pension crisis, the problem is still acute. Because of actuarial accounting, pension funding problems are pro-cyclical.  Companies look flush with cash during upswings to the point where the pensions can actually goose earnings.  During downswings, this process works in reverse.
When [...]

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From the Guardian:
General Motors announces closure of 62-year-old Swedish carmaker after collapse of negotiations with Spyker
One of the most famous names in European motoring, Saab, is set to be consigned to automotive history following a decision today by its owner, General Motors, to shut down the business after a last-ditch attempt at a sale failed.
GM [...]

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I wonder if the recent missteps with Opel and Saab had anything to do with this.  CNN Money reports:
In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.
The move was announced by GM Chairman Ed Whitacre following what he described [...]

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If you want to get a leading indicator of how retailers are doing, going online is definitely the best way to get up-to-the-minute data. Not only is the data coming out of online retailers much more real-time, there has also been a huge shift to the online retail channel. For instance, Amazon has knocked the [...]

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From Reuters:
A deal by General Motors Co GM.UL to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.
GM had been aiming to close a deal by the end of next month to sell Saab to a partnership led by the Swedish [...]

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After British chain WHSmith backed out of a deal with Borders, the British retailer, formerly a subsidiary of the U.S. megastore bookseller, is desperately looking to stave off bankruptcy and Chapter 7 liquidation.
I love Borders and have been an avid shopper at countless Borders stores near where I have lived in D.C., L.A., New [...]

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This comes via Deal Book at the New York Times.
The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the beginning of [...]