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As for the comparison to Buffett, he has succeeded because of his uncommonly patient style, which assumes that genuine long-term bargains are relatively scarce, and that an investor needs to be willing not to buy anything for a long period of time if the price isn't right.
Once we get past the 23rd, we will only have China, Japan, Brazil and Venezuela to worry about - so maybe we'll be in more of a shopping mood then but 9 excellent long-term bargains were discovered in a 4-day week, so we're very comfortable - as I noted in our Top Trade Review - with our large amount of sideline cash, as we will ALWAYS be able to find something else to trade.
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But they have only done so as part of a long-term bargain that would bring in more revenues, not as part of a hasty emergency deal to reopen the government and raise the debt ceiling.
The more unequal a society is, the more divided it tends to be, and the more difficult it is for governments to negotiate long term bargains. .
Burge: Long-term buy.
Wood: Long-term buy.
Second, it would define a framework for negotiating a long-term "grand bargain" in 2013 to shave annual deficits by perhaps $4 trillion over the first decade.
Mr. Gourdine negotiated a tentative long-term collective bargaining agreement in the summer of 1995, and he was awarded a two-year contract as executive director by the union's executive board late that year.
This long-term decline in bargaining power for workers and communities leads us to a shabbier Lesser America.
The long-term trend in bargaining throughout most industries has been to stress hourly pay rates and more job security.
A very recent study by (Brandl and Ibsen: The effects of institutional instability in collective bargaining: a long-term analysis of changing collective bargaining actors and structures, Unpublished) offers a preliminary investigation of this issue.
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