The publication of Warren Buffett's authorized biography is such a big deal that Portfolio is reviewing it in three parts. The reviewer of Part I described it as slow: "Like many biographies, it starts off with something eye-catching and juicy" -- a 1999 Sun Valley scene in which Buffett confronts the tech titans about their bubble problem -- "before jumping back to ancestors and heritage." But the book apparently picks up speed as it rolls along. If you can't get enough of the Oracle of Omaha, you'll want to watch his biographer's weekly YouTube series.
Merrill Lynch CEO John Thain will become president of global banking, securities and wealth management once Merrill merges with Bank of America. This suggests he may end up running the whole show once the bank's CEO, Ken Lewis, retires. Thain, reporter Greg Farrell tells us in the accompanying video, aggressively unloaded Merrill's "toxic" assets. "He distinguished himself as the one Wall Street executive who was smart enough to save his ship before it ran aground."
You never have to type "http://www" again. Imagine the time savings. These are things you'll wish someone told you about years ago, like how to use Google as a quick calculator and a measurement converter. Or that if you press the space bar twice on your iPhone, you get a period, a space and the next letter capitalized.
HTC, a Taiwanese company making Google's first phone, is the biggest mobile-phone maker you've never heard of. John Wang, the company's chief marketing officer, explains why it employs "magicians" and how it embraces failure.
Even if the U.S. House passes the bailout package today, the world has plenty to fear from the financial contagion. The Economist says now is the time for global cooperation to save everyone's skin, not just the bankers'. "Governments need not just to communicate, but also to co-ordinate," this editorial says. "Past banking crises show that late, piecemeal rescues cost more and work less well."