Brian Gongol

One thing is clear: If the newspaper (and its small group of affiliates) is losing $100 million a year with no clear end to the freefall in sight, then paying $250 million in cash to buy it signals that Bezos thinks the cachet associated with the name itself is worth at least $1.5 billion to $2 billion. A handsome sum for a trophy, but he can certainly afford it and may very well have brilliant plans for turning the tide.

The Onion lampoons, but the point is thoroughly true

Berkshire Hathaway -- the conglomerate controlled by Warren Buffett -- is going to issue bonds priced so that the buyers will be lending the company $600 million at an interest rate of 0.95% for three years. That rate is so low that inflation will undoubtedly exceed the cost of the interest itself -- meaning that the lenders, in real terms, will actually be paying Berkshire for the privilege of lending the money. Truly an extraordinary set of circumstances.


Interesting obituary profile of a woman who broke into architecture before many others

People who got five doses of the vaccine appear to have developed immunity. But it was a small trial, and it's hard to get anyone to want to suffer through five doses of a vaccine requiring injection into a vein, so it's some distance between this and a practical vaccine. But it's a good sign.