Categories
Business Economy

Fannie and Freddie crisis, InBev snaps AB

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Fannnie and Freddie crisis
I read Burham’s beat Fannie Mae’s Golden Goose article last Friday, after seeing the dramatic stock actions of FNM and FRE on that day. Following that, I also reviewed Barrons March 11 article, IS this Fannie Mae Toast?

Yeah, it looks like it. The bad thing is, those executives at Fannie and Freddie have made their money, we (tax payers) are bailing them out. So is the US still a free market capitalism country? Seems more like cronyism capitalism to me 🙂

An emotional day in St. Louis
As you may heard from the news, Anheuser Busch accepted the latest cash offer from InBev, and the AB global headquarter in STL will be the North American HQ of combined company Anheuser Busch InBev. Because it’s a cash offer, the current shareholders (Busch family, and Warren Buffett) will NOT have a stake in the new company. Interestingly, this morning I heard from radio Mayor Slay turned 180 degree about the merger, saying “I will work with AB/InBev starting tomorrow, next day, next week, next month…to ensure the success of AB/InBev in the region”.

Hm, what did he say a while earlier (before AB shareholders and board accepted the sweetened offer from $65 to $70 a share). Something like “this merger will destroy the shareholder value, lay off workers in AB, reduce the commitment to community”. All kind of bad things. What a difference $5 can make. Now everybody is happy.

Categories
Beijing Olympics Saint Louis

Olympics is coming

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Amid all the craziness on oil, stock market and iPhone, yesterday I realized the Beijing Olympics is coming in 4 weeks, and it seems I can not go there for the event. Fortunately I got a piece of Olympics since 2004. In the picture below, at the left is a Coca Cola limited edition can made for torch relay in St. Louis (June 17 2004), at the right is a can features Beijing Olympics logo. Note Coca Cola is Olympics global sponsor (the highest level).

IMG_6488

Maybe those politicians who said boycotting the opening ceremony can honor their words, and let me use their seats 🙂

Categories
Business Saint Louis

InBev come to get Anheuser-Busch?

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These days the talk of Belgium/Brazil beer maker potential takeover of Anheuser-Busch (NYSE:BUD) is getting St. Louisians attention. Note Anheuser-Busch is not just a large beer maker based in STL, it’s also has roots in the city and the community.

InBev Stella Atois
(Bottles of Stella Artois beer pass along a production line at an InBev brewery in Leuven, Belgium. Stella Artois is one of InBev’s best known brands. Paul O’Driscoll/Bloomberg News)