Tuesday, November 3, 2009

Buffett buying Burlington Northern railroad

Warren Buffett is effectively making a $34 billion bet on the health and growth of the U.S. economy.

"Burlington Northern, the nation's second-largest railroad, is the biggest hauler of food products like corn, and coal for electricity, making it an indicator of the country's economic health. The railroad also ships a large amount of consumer goods — including items imported from Asia — from big Western ports like Los Angeles and Seattle."

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