Berkshire Hathaway

In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts. … In 1962, Warren Buffett began buying stock in Berkshire Hathaway after noticing a pattern in the price direction of its stock whenever the company closed a mill. Berkshire Hathaway traces its history back to two Massachusetts textile firms: Hathaway Manufacturing Company (incorporated 1888) and Berkshire Cotton Manufacturing Company (incorporated 1889). Berkshire Cotton became Berkshire Fine Spinning Associates in 1929 and merged with Hathaway to form Berkshire Hathaway, Inc., in 1955. An investment group led by Buffett took full control of the company in 1965. Berkshire Hathaway liquidated its textile operations in 1985, by which time it was well-established as a holding company for Buffett’s other investments and corporate acquisitions.

U.S. sends Ukraine $1.3 billion in emergency economic aid

The Treasury Department on Wednesday announced the delivery of $1.3 billion in economic aid to Ukraine, as the United States seeks to help the beleaguered nation respond to the enormous financial impact of Russia’s invasion.

Ukraine faces a monthly budget deficit of $5 billion and has sustained more than $100 billion in direct damage to its civilian infrastructure alone, according to analysts at the Kyiv School of Economics. The World Bank previously estimated that Ukraine’s economy could contract by as much as 45 percent this year.

The $1.3 billion represents more than double what the United States had previously approved through any prior grant of economic assistance to Ukraine, although the Biden administration has already devoted billions in military assistance to the country as well. Treasury aims to disburse the fully $7.5 billion in economic aid by the end of September.

https://www.msn.com/en-us/news/world/us-sends-ukraine-13-billion-in-emergency-economic-aid/ar-AAZ0WuP?ocid=BingNews

>>16559586

A positive indication that we all might just survive another week.