The Jimmy Buffett Estate Debacle: A Lesson in Choosing Co-Trustees
The Jimmy Buffett estate fight over a $275 million marital trust shows how co-trustee plans break down, and what families can build in to prevent it.
Economic Commentary: Suppress Your Excitement
Federal Reserve Chairman Kevin Warsh is a very good economist and occasionally emphasizes the point by indulging in the long, nerdy answers that delight the profession. It would thus be interesting to see what would happen if, at the press conference following the Federal Open Market Committee (FOMC) meeting on October 28, someone would ask him about the likely success of “Index suppression” efforts. Economists generally view temporary actions taken by regulators, legislators and/or the executive branch of government (White House, Treasury) to reduce select prices and manipulate inflation indices as just that — temporary— and often having adverse consequences. Nevertheless, the political temptation can be strong and irresistible.