Archive for losses

Union Army

{ June 25, 2009 @ 10:04 pm } · { Amazon, Chevron, McCain, Personal Property, goal, hurdles, losses, prices }
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The Union Army was the army that fought for the Union during the American Civil War. It was also known as the Federal Army, the U.S. Army, the Northern Army and the National Army.[1] It consisted of the small United States Army (the regular army), augmented by massive numbers of units supplied by the Northern states, composed of volunteers as well as draftees. The Union Army fought and defeated the Confederate States Army during the war, from 1861 to 1865. Of the 2.5 million men who served in the Union Army during the war, approximately 9.5% were African American, about 360,000 died—in combat, from injuries sustained in combat, disease or other causes — and 280,000 were wounded.

Noncommissioned officers of

The 21st Michigan Infantry, a company of William Tecumseh Sherman’s veterans.

Buffett sees no bank panic, but expects more losses

{ May 4, 2008 @ 9:48 pm } · { Berkshire, Chevron, Internet Business, losses }
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OMAHA, Nebraska (Reuters) – Warren Buffett on Sunday said he does not expect financial markets to panic as write-downs and losses for bad debts mount in the financial services industry, but said those losses were not over “by a long shot.”

The world’s richest person, who runs Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research), said at a press conference the Federal Reserve brought markets back from a precipice in March in helping broker JPMorgan Chase & Co’s (JPM.N: Quote, Profile, Research) purchase of Bear Stearns Cos (BSC.N: Quote, Profile, Research), which was on the brink of bankruptcy.

“There’s going to be more pain, sure,” Buffett said. “The action of the Fed, in terms of Bear Stearns, prevented in my opinion the contagion where you’re essentially going to have bank runs on the investment banks … The idea of a financial panic … has been pretty well taken care of. That was a watershed event.”

He added, though: “That doesn’t mean the losses are over by a long shot … We’ve looked at some of the investment banks, and it’s clear some more losses are going to be incurred.” … continue reading this entry.