Archive for the ‘But’ Category
Investors, take heart: Warren Buffett sees investment opportunities in the U.S. stock and bond markets, and believes widespread financial turmoil from the credit crunch is behind us.
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| All eyes were on Warren Buffett at Berkshire Hathaway’s annual meeting at the Qwest Center in Omaha, Neb. |
Speaking to reporters Sunday, a day after Berkshire Hathaway Inc.’s annual fan-fest for shareholders at the Qwest Center in Omaha, Neb., both Mr. Buffett, 77 years old, and Vice Chairman Charlie Munger, 84, criticized regulators, politicians and accountants for lax oversight of financial institutions that are at the center of the subprime-mortgage crisis, and, according to Mr. Munger, were guilty of “deep conflicts of interest.”
“The regulators and the accountants have failed us terribly,” Mr. Munger said, adding that mark-to-market accounting rules are necessary but can obscure other problems within a company.
This year at Mr. Buffett’s annual gathering for shareholders — often called “Woodstock for Capitalists” — 31,000 Buffett enthusiasts were serenaded by Fruit of the Loom minstrels, enjoyed samples of Berkshire portfolio companies such as Dilly Bars and watched artist Michael Israel speed-paint a Buffett portrait with Benjamin Moore paints.
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Mr. Buffett credited the Federal Reserve for helping to avert a more-widespread crisis on Wall Street by orchestrating a bailout of Bear Stearns Cos. that “prevented, in my opinion, the contagion where you’re going to have runs on investment banks.”
Bank losses “aren’t over by a long shot, but a lot of it has already been recognized,” he said, adding that the depth of the housing crisis, unemployment and other economic factors would help determine how long the write-downs continue.
“The idea of financial panic — that has been pretty much taken care of,” he said.
Online Programs That Let Parents Track Grades in Real Time Are Popular but Can Raise Stress – New York Times
Posted on: May 4, 2008
Getty Images(woman) and Iconica/Getty Images(students); Illustration by The New York Time
ON school days at 2 p.m., Nicole Dobbins walks into her home office in Alpharetta, Ga., logs on to ParentConnect, and reads updated reports on her three children. Then she rushes up the block to meet the fourth and sixth graders’ buses.
But in the thump and tumble of backpacks and the gobbling of snacks, Mrs. Dobbins refrains from the traditional after-school interrogation: Did you cut math class? What did you get on your language arts test?
Thanks to ParentConnect, she already knows the answers. And her children know she knows. So she cuts to the chase: “Tell me about this grade,” she will say.
When her ninth grader gets home at 6 p.m., there may well be ParentConnect printouts on his bedroom desk with poor grades highlighted in yellow by his mother. She will expect an explanation. He will be braced for a punishment.
“He knows I’m going to look at ParentConnect every day and we will address it,” Mrs. Dobbins said.
A profusion of online programs that can track a student’s daily progress, including class attendance, missed assignments and grades on homework, quizzes and tests, is changing the nature of communication between parents and children, families and teachers. With names like Edline, ParentConnect, Pinnacle Internet Viewer and PowerSchool, the software is used by thousands of schools, kindergarten through 12th grade. PowerSchool alone is used by 10,100 schools in 49 states.
Although a few programs have been available for a decade, schools have been using them more in recent years as federal reporting requirements have expanded and home computers have become more common. Citing studies showing that parental involvement can have a positive effect on a child’s academic performance, educators praise the programs’ capacity to engage parents.
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