Extra Credit, Thursday Edition

Warren Buffett: The Awe of His Schucks: How the Sage of Omaha massages the media.

Home Prices Fall for 10th Straight Month

The Davos Question 08: What one thing do you think that countries, companies or individuals must do to make the world a better place in 2008?

Life after peak oil: “Life after peak oil should hold no terror for us”.

Debt and character: “Debt is really rather mundane. It’s just a form of transport – a way of moving one’s spending power from the future to the present. Interest is just what you pay the lorry driver for this transport. Why should such dull transactions be morally or socially significant?”

Gever Tulley: 5 dangerous things you should let your kids do

What is a Tender Option Bond (TOB)? It’s the muni equivalent of an SIV, is what it is.

What’s missing from Marmon coverage: “Berkshire is already a conglomerate and perfectly willing to be considered a “conglomerate squared,” which is language Buffett used this morning on his CNBC interview.”

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