It looks like Peter Buffett has acquired his father Warren's knack for finding the highest-yield investments. The younger Buffett, along with his wife Jennifer, just announced a collaboration with the Nike Foundation to put $100 million into programs that will benefit adolescent girls in the developing world. Like the cleverest stock pick, this venture is almost guaranteed to bring impressive short-term returns and will steadily increase in value over generations. And, like many high-growth investments, there are risks.
The fundamentals are clear: The better the education, health and social standing of girls and young women as they move into their roles as workers, wives, mothers and citizens, the better the outcomes for themselves, their families, communities and nations....
It looks like Peter Buffett has acquired his father Warren's knack for finding the highest-yield investments. The younger Buffett, along with his wife Jennifer, just announced a collaboration with the Nike Foundation to put $100 million into programs that will benefit adolescent girls in the developing world. Like the cleverest stock pick, this venture is almost guaranteed to bring both impressive short-term returns and will steadily increase in value over generations. And, like many high-growth investments, there are risks.
The fundamentals are clear: The better the education, health and social standing of girls and young women as they move into their roles as workers, wives, mothers and citizens, the better the outcomes for themselves, their families, communities and nations....
The sudden resignation on Friday of Ambassador Randall Tobias, the first U.S. director of foreign assistance, stunned staff at the U.S. Agency for International Development (USAID) and the State Department and left the administration’s beleaguered aid reform effort without a leader. The acting deputy administrator of USAID, Jim Kunder, wrote to staff late in the afternoon that he had just received the "shocking" news that the White House would soon announce Tobias’s immediate resignation for "personal reasons."
Things got more shocking when news broke that Tobias had confirmed to ABC News that he had patronized a high-end call girl firm run by Deborah Jeane Palfrey. Federal prosecutors allege Palfrey was providing $300-an-hour prostitutes, and a grand jury indicted her in...