Keyword: buffet

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  • Warren Buffett sees $11 billion boom on Donald Trump win

    11/22/2016 6:58:44 PM PST · by Olog-hai · 12 replies
    CNBC ^ | 11/22/2016 | Jeff Cox
    For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory. The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8. Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street. Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the...
  • WikiLeaks: CNBC Host Rebecca Quick Promises to ‘Defend’ Obama Appointee

    10/12/2016 4:58:43 PM PDT · by Rockitz · 30 replies ^ | 12 Oct 2016 | Justin Haskins
    Since WikiLeaks began releasing once-private messages from Hillary Clinton campaign chief John Podesta, the world has had even more access to hard evidence of the mainstream media’s support for and collusion with Democratic Party operatives and campaigns. The latest example, reported now for the very first time (as are we can tell), shows CNBC’s Rebecca Quick — the co-host of the channel’s popular show Squawk Box and a co-moderator with John Harwood at a 2015 Republican primary debate — promising to support Sylvia Mathews Burwell, who had just been named the secretary of the Department of Health and Human Services....
  • Buffett hits back at Trump over tax comments

    10/10/2016 10:46:30 PM PDT · by Impala64ssa · 43 replies
    Reuters ^ | 10/10/16
    Billionaire investor Warren Buffett denied on Monday an allegation by Republican presidential candidate Donald Trump that he, like Trump, had taken "a massive deduction" that allowed him to avoid federal income taxes. Buffett said he paid about $1.85 million in income tax in 2015, and that returns for previous years were similar in respect to contributions, deductions and tax rates. Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information. Trump has refused to release his tax returns, citing ongoing audits by the IRS. "I have paid federal income tax every...

    Buffett made a surprise appearance in Omaha alongside Democratic Presidential Nominee Hillary Clinton Monday afternoon. He challenged Trump to release his tax returns, and went on to criticize Trump’s recent comments on the Khan family, who lost their son fighting in Iraq. After launching his new website – Drive2vote – allowing people to sign up for a ride or provide transportation for others on Election Day, as well as to register to vote, he promised to be a key participant in that endeavor. Buffett pledged to “take at least 10 people to the polls who otherwise would have had difficulty...
  • UPDATED: Train wipes out 23 elk east of Helena; warden says 'there's not much left'

    01/02/2016 3:16:59 PM PST · by This_far · 102 replies
    Montana Standard ^ | Dec 31, 2015 | Tom Kuglin
    A herd of elk was hit by a train east of Helena Thursday morning, killing 23 animals. The crash occurred near the intersection of U.S. Highway 12 and Spokane Creek Road, about three miles east of East Helena.
  • Why Obama’s Keystone XL rejection excuses are a complete load of crap

    11/09/2015 8:49:51 AM PST · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 11/09/15 | Herman Cain
    From one who specializes in it. It’s bad enough that President Obama dragged his feet for seven years before doing what everyone knew he was going to do. TransCanada, the Canadian government an awful lot of Americans who could have used the economic boost (including the folks in North Dakota and an awful lot of Obama’s union supporters) were left to twist in the wind while Obama pretended he was “reviewing” the proposed Keystone XL pipeline. Of course, he was doing no such thing. He knew on Day 1 he was going to reject it because that’s what his extreme...
  • "Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan"

    09/08/2015 5:58:15 PM PDT · by Nachum · 63 replies
    zero hedge ^ | 9/8/15 | Tyler Durden
    Not to be outdone by his partner Charlie Munger (who offended many with his comments that "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939,"), Berkshire Hathaway's Warren Buffett - having already taken on Europe, comparing Greece to a "dog peeing on the carpet" of Europe, suggesting Germany stop "rewarding behavior you want to get rid of" - takes aim at the military. Speaking on Bloomberg TV, the octagenerian oracle of offense just unfriended every American veteran... "You want everybody educated to their potential. You want people to reach their...
  • Planned Parenthood’s top 7 donors gave staggering $324 million in four years

    08/03/2015 10:10:26 AM PDT · by wagglebee · 34 replies
    LifeSiteNews ^ | 8/3/15 | Alatheia Larsen
    July 31, 2015 (NewsBusters) -- In response to a series of incriminating under-cover videos from The Center for Medical Progress about the major abortion provider, organizations have been cutting ties -- or denying ties -- to Planned Parenthood. But where nonprofits are concerned, tax records keep the story straight. Between 2010 and 2013, no fewer than 966 individual organizations donated to Planned Parenthood. Of those, 31 gave more than $1 million each during those four years, totaling $374,199,059. The seven highest donors made up $324.8 million of that. These largest Planned Parenthood donors include Warren Buffett, George Soros, Bill Gates, and others....
  • Warren Buffet-The Billion Dollar King of Abortion

    08/02/2015 1:37:58 AM PDT · by thesligoduffyflynns · 12 replies
    MRC Culture ^ | 5/13/2014 | Mike Ciandella,Katie Yoder
    I just happened to search Warren Buffet's position on or even a statement about the on-going situation with Planned Parenthood and lo and behold look what I came up with. I've never seen this website in my life but it is conservative and present you with the link.Although there are people on the ground on this issue sometimes the head of a fish needs to be brought to focus. I'm sure they are other money "whales" and high rollers involved but here's a part of the "head"of this rotting fish called the abortion industry.
  • Suicide at M Resort blamed on loss of free buffet for life [Weird]......

    04/07/2015 9:41:49 AM PDT · by Red Badger · 46 replies ^ | April 6, 2015 - 6:02pm | By HENRY BREAN
    The day before he put a gun to his head and killed himself at an M Resort buffet on Easter, a Las Vegas man filled a box with his complaints against the resort and its employees and mailed it to the Las Vegas Review-Journal. In his final, angry message to the world, delivered to the newspaper Monday morning, John Noble blamed his suicide on depression that set in after the Henderson resort awarded him free meals at the buffet for life then banned him from the property in 2013 for harassing some of the women working there. “Today, I end...

    01/11/2015 3:53:55 AM PST · by HomerBohn · 23 replies
    Fw: Fwd: Fw: BNSF RAILROAD Four Winds Blog ^ | December 12, 2014 | Email from DN
    Give your head a slap if you think that's his purpose.... OF COURSE IT'S NOT. IT NEVER IS. EVEN THE ENVIRONMENTAL MOVEMENT IS BASED ON CREATING A NEW MONEY STREAM FOR CORPORATOCRACY, DONCHA KNOW! That's what Al Gore was all about... and he got a Nobel Prize for his big fat lie, as did Obama for his, that war is peace and peace is war! Interesting to me, what is below.... because my own father worked as District Passenger Agent for Great Northern Railway, which became Burlington Northern .... and now BNSF.... out of Winnipeg. My dad didn't have anything...
  • Berkshire's Buffett predicts Hillary Clinton will win 2016 presidency

    10/07/2014 6:26:01 PM PDT · by fision
    So the greatest trick of the Devil is convincing people he doesn’t exist? Pope Francis is not impressed. Starting with his very first homily as the bishop of Rome, Pope Francis has regularly reminded believers that the Devil is real, that we must be on guard, and that our only hope against him is in Jesus Christ. Here are are 13 of Pope Francis’ most direct quotes on the matter. Read all the quotes here:
  • Warren Buffett Betrays America

    08/28/2014 6:29:59 AM PDT · by Servant of the Cross · 37 replies
    Politico Magazine ^ | 8/27/2014 | Rich Lowry
    It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America. Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 reelection campaign, is underwriting Burger King’s proposed move to Canada that the left is denouncing as practically the most dastardly plot since the Rosenbergs helped the Soviets get the atomic bomb. Burger King is acquiring the Canadian coffee and doughnuts chain Tim Hortons in what is called a “corporate inversion.” At least that’s the technical term for it. Obama...
  • Warren Buffett Gave Enough to Abort All of Chicago (more than 2.5 million lives)

    05/14/2014 10:42:25 AM PDT · by xzins · 44 replies
    CBN ^ | May 14, 2014 |
    Billionaire investor Warren Buffett is being called "the true face of abortion." The Media Research Center's Culture and Media Institute discovered that Buffett gave roughly $1.2 billion to abortion groups around the world between 2001 and 2012. That's potentially enough money to abort the entire population of Chicago -- or more than two-and-a-half million lives. Among the groups Buffett helped fund are Planned Parenthood, NARAL and the Population Council. The biggest portion, almost $300 million, went to Planned Parenthood. The major media outlets often report on Buffett's "philanthropy," but they've ignored his billion dollar abortion funding. "The liberal media love...
  • Warren Buffet Has Given $1.2 Billion to Pro-Abortion Groups, Would Fund 2.7 Million Abortions

    05/13/2014 2:43:30 PM PDT · by NYer · 19 replies
    Life News ^ | May 13, 2014 | Steven Ertelt
    They say the key to successful investing is diversification. But Berkshire Hathaway Chairman & CEO Warren Buffett, the billionaire investor known as the “Oracle of Omaha,” is a one-issue man — and that issue is abortion.Through the foundation he financed with more than $3 billion of his own money, Buffett donated $1,230,585,161 to abortion groups worldwide from 2001 to 2012. These groups, including Planned Parenthood, NARAL and the Population Council, either campaign for pro-abortion legislation, perform abortions themselves, or helped develop the controversial abortion drug RU-486. Buffett gave an additional $21 million to these groups between 1989 and 1996. (Tax...
  • Saudi Sheikh Issues Fatwa Against ... Food Buffets

    03/13/2014 7:18:24 PM PDT · by DogByte6RER · 23 replies
    Riyadh Connect ^ | Mar 13, 2014 | Riyadh Connect
    Saudi scholar says buffet meals are Haram A member of the Standing Committee of the Council of Senior Scholars, Sheikh Saleh bin Abdullah Al-Fawzan, said that buffets offered at restaurants are haram. The basis of his statement was that buffet meals have a fixed price, but the quantity of food that can be consumed is unknown or unlimited. According to Sabq news, the senior scholar said that the quantity of food and the price of the meals must be clear and known. He was responding to a listener‘s question about buffets on Holy Quran Radio. “One must not simply go...
  • Hoeven: Obama will approve Keystone

    01/12/2014 12:16:11 PM PST · by jazusamo · 37 replies
    The Hill ^ | January 12, 2014 | Laura Barron-Lopez
    Sen. John Hoeven (R-N.D.) said he thinks President Obama will approve the proposed Keystone XL pipeline. In the wake of multiple crude-by-rail train accidents in North Dakota -- leaving railcars ablaze and nearby residents at risk --Hoeven said on "Platts Energy Week" that the U.S. needs more pipelines. The U.S. needs pipelines "not only to improve conditions in terms of rail, but trucks," Hoeven said on Sunday. "With the Keystone pipeline, we'd take 500 trucks a day off our roads in western North Dakota." "So clearly pipelines are a part of the solution. But also we have to do everything...
  • Democrats to push income inequality as top issue of 2014. Winning tactic?

    01/07/2014 7:36:59 PM PST · by Innovative · 38 replies
    Christian Science Monitor ^ | jan 6, 2014 | Francine Kiefer
    President Obama, meanwhile, will carry the torch further on Jan. 28, when he’ll use his State of the Union address to echo a pre-Christmas speech in which he declared that income inequality and declining social mobility are “the defining challenge of our time.”
  • Train Derailment West of Casselton [ North Dakota ]

    12/30/2013 1:43:04 PM PST · by george76 · 18 replies
    KVLY ^ | Dec 30, 2013 | Ben Holbert
    BREAKING NEWS: A train is derailed west of Casselton, North Dakota. It happened at 35th Street and 154th Avenue Southeast just before 2:20 p.m. Monday. Several area emergency teams are on scene and are setting up an incident command center. A viewer who is about a half mile from the derailment tells Valley News Live she can see large flames. Several train cars are on fire and huge plumes of black smoke can be seen for miles. Emergency crews are urging people to stay inside and a code red alert has been sent out to residents in a two mile...
  • Heinz trims retiree health care contribution (Warren Buffet)

    12/24/2013 1:22:29 PM PST · by dynachrome · 21 replies
    Pittsburgh Post-Gazette ^ | 12-23-13 | Teresa F. Lindeman
    Add Arnold Waldo of Carrick to the list of people disappointed with recent changes being made at the H.J. Heinz Co. Mr. Waldo, 82, who retired from the Pittsburgh food company in 1985, received a letter in late November notifying him that Heinz was reducing its contribution to a retiree reimbursement account used to cover certain medical expenses, such as co-pays for doctor visits and health insurance premiums. "Beginning in 2014, Heinz will contribute $1,093 per year, per household to your RRA," the letter dated Nov. 21 said. The cut, not the first to the retiree benefit, takes the level...
  • Common Core assignment: Remove two amendments from 'outdated' Bill of Rights

    10/08/2013 12:00:39 PM PDT · by lowbridge · 85 replies ^ | october 8, 2013 | Joe Newby
    A mother in the Bryant School District in Arkansas -- a district using the controversial Common Core curriculum -- was surprised to learn her sixth-grade daughter was given a team assignment to revise the Bill of Rights, pruning two amendments from the Constitution while adding two others, Twitchy reported Monday, citing a report at the Digital Journal. The assignment made the assumption that the United States government has determined that the Bill of Rights “is outdated and may not remain in its current form any longer.” The children were to assume the persona of “experts on the Constitution and the...
  • COMMENTARY: An Obama-Buffett Connection Could Keep Crude Rolling by Rail

    06/19/2013 2:03:44 PM PDT · by thackney · 11 replies
    The Washington Times via Rig Zone ^ | June 19, 2013 | William C. Triplett II
    ... In short, Mr. Obama is about to hammer the American energy industry, and he's doing it for money. The real elephant in the room is the Keystone XL pipeline project intended to bring Canadian oil to American Gulf Coast refineries and the resulting products onto the international market. In fact, the title of the Bloomberg article cited above includes the words "Keystone foes." Mr. Obama has already delayed Keystone, once and a final decision is coming up. While Keystone has received a lot of press attention, there are two interrelated aspects that have not yet come to the surface....
  • Buffett worries about Fed's 'huge experiment'

    05/04/2013 1:18:47 PM PDT · by Signalman · 16 replies
    CNNMoney ^ | 5/4/2013 | Stephen Gandel
    Warren Buffett has a piece of advice for Ben Bernanke: It's easier to buy than it is to sell. Buffett, speaking on Saturday at Berkshire Hathaway's (BRKA) annual meeting in Omaha, said he is worried about what will happen when the Federal Reserve tries to wind down its recent efforts to stimulate the economy. Via a program nicknamed QE, short for quantitative easing, the Fed in recent years has bought up over $2 trillion in bonds in order to lower interest rates and promote borrowing and investment. Some have warned that when the Fed decides to sell its trove of...
  • Buffett: $24 Billion Gain 'Subpar' [ Due his swelling cash hoard!! ]

    03/02/2013 3:49:36 PM PST · by NoLibZone · 8 replies ^ | March 2 2013 | ANUPREETA DAS and ERIK HOLM
    Warren Buffett bemoaned Berkshire Hathaway Inc.'s BRKB -0.11% failure to land a major acquisition during 2012 to use its swelling cash hoard, and in his annual letter to shareholders called his company's performance "subpar" despite a $24 billion increase in its net worth.
  • Why Is Buffett Buying GM?

    02/16/2013 7:51:11 AM PST · by ExxonPatrolUs · 47 replies
    Motley Fool ^ | 2-16 | John Rosevear
    Interesting news for auto-watchers: Berkshire Hathaway (NYSE: BRK-A), the savvy conglomerate controlled by the great Warren Buffett, disclosed in an SEC filing on Thursday that it had bought 10 million shares of General Motors (NYSE: GM). That comes on top of another 15 million shares of GM Berkshire bought earlier in 2012, bringing the total value of the company's investment in the General to nearly $700 million as of Thursday's close. That's not chump change, even by Buffett's standards. What might Berkshire be thinking? Is GM a value stock? The obvious guess for anyone who knows anything about Buffett's career...
  • Sierra Club Decides to Break Law to Stop Keystone Pipeline

    01/24/2013 7:03:15 PM PST · by george76 · 34 replies
    Breitbart ^ | 24 Jan 2013 | Brandon Darby
    The Sierra Club has announced its approval for a "one-time" use of civil disobedience. The civil disobedience is intended to step up their efforts to oppose the Keystone pipeline. Many of the other groups opposing Keystone have been engaging in civil disobedience as a tactic, including arson-based ecoterrorism. This will be the first time in the Sierra Club's history that they have approved violating the law.
  • Dupe of the Year 2012

    01/11/2013 6:18:42 AM PST · by IbJensen · 10 replies
    American Spectator ^ | 1/4/2013 | Paul Kengor
    You may be sick of hearing about him again, but Warren Buffett did huge damage serving as Obama’s useful fool last year. Dupes comprise a long, dubious tradition in American history. Over 200 years ago, George Washington warned the nation about “dupes” in his historic Farewell Address. Such warnings would echo from the founding of the republic through the Cold War. During the Cold War, “dupe,” like the associated word, “useful idiot” — attributed to Vladimir Lenin — became an everyday term. Dupes were legion during the Cold War, a unique breed of (largely) left-leaning Americans who, unwittingly, allowed or...
  • Trains carrying more oil across US amid boom

    12/29/2012 8:51:23 AM PST · by george76 · 44 replies
    ap ^ | Dec 28, 2012 | MATTHEW BROWN and JOSH FUNK
    Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse - the locomotive - to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can't keep up with demand. ... The environmental fears carry an ironic twist: Oil trains are gaining popularity in part because of a shortage of pipeline capacity - a problem that has been worsened by environmental opposition to such projects as TransCanada's stalled Keystone XL pipeline. That project would carry Bakken and Canadian crude to the Gulf of Mexico. Wayde Schafer,...
  • Warren Buffet Proposes Minimum Tax on the Wealthy ( He owes back taxes for the last 9 years! )

    11/26/2012 4:11:03 PM PST · by NoLibZone · 17 replies ^ | Nov 26 2012 | fox news
    Warren Buffett, in a New York Times Op-Ed piece Monday, is proposing a minimum tax on high incomes and a higher ceiling of $500,000 on increased taxes on wealthy Americans. "I support President Obama's proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 - maybe $500,000 or so," the Berkshire Hathaway head wrote. "Additionally, we need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million and $10 million, and 35 percent on amounts above that."
  • Warren Buffett calls for a minimum tax on the wealthy

    11/26/2012 9:23:44 AM PST · by LucianOfSamasota · 35 replies
    Reuters ^ | Nov 26, 2012 | Ben Berkowitz
    In a New York Times editorial printed on Monday, Buffett suggested Congress move immediately to implement minimum taxes of 30 percent on incomes of $1 million to $10 million and 35 percent above that. "A plain and simple rule like that will block the efforts of lobbyists, lawyers and contribution-hungry legislators to keep the ultra rich paying rates well below those incurred by people with income just a tiny fraction of ours," Buffett wrote. "Only a minimum tax on very high incomes will prevent the stated tax rate from being eviscerated by these warriors for the wealthy," he added. The...
  • Omaha could be deciding vote in presidential election(BS ALERT)!

    11/01/2012 6:20:56 AM PDT · by US Navy Vet · 11 replies
    The Omaha World Herald ^ | November 1, 2012 | By Joseph Morton
    Television ads aside, Omahans might be feeling a little neglected these days as the presidential campaigns bear down with a laser focus on the remaining handful of swing states. Just across the river, Iowans have been awash in campaign rallies with the candidates themselves and top-level surrogates such as former President Bill Clinton. Ohio, seen as ground zero, has gotten special attention. Even Rep. Jeff Fortenberry, R-Neb., flew to the Buckeye State to stump for Republican Mitt Romney last month.
  • Vanity - Want to try Indian food for the first time

    10/13/2012 6:57:52 PM PDT · by MarkL · 168 replies
    10/13/2012 | Me
    I'm looking for some advice on trying Indian (like Raj Kuthrapali Indian, not "come to our casinos" Indian) food for the first time.
  • Feds allege mortgage loan fraud at Wells Fargo (Warren Buffet part-owner)

    10/10/2012 7:28:19 AM PDT · by Liz · 22 replies
    The nation’s biggest bank and its largest mortgage lender, was charged by federal prosecutors with running a decade-long mortgage fraud involving recklessly underwritten US-insured home loans to fatten its bottom line.
  • Time for Patriotic (Liberal) Millionaires to belly up to the buffet

    09/19/2012 7:51:06 PM PDT · by Lakeshark · 15 replies
    Legal Insurrection ^ | 9/19/2012 | William Jacobson
    You do realize that there actualy are some Patriotic Millionaires, don’t you? Guys like Warren Buffet and others who insist that people pay higher taxes, but don’t take the chance to pay voluntarily. Like this guy, who turned out to be a plant by a group called the Patriotic Millionaires for Fiscal Strength, begging Obama to raise his taxes: **snip**Now is their chance to belly up to the Buffet(t): "The House on Wednesday passed Republicans’ own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit."
  • Hollywood "Sin Tax" - Liberal's Love Taxes; so Let's not Deprive Them.

    04/17/2012 8:14:42 AM PDT · by publius321 · 11 replies
    A better "Buffet, Soros, Weinstein, Spielberg, Reiner, Hanks Rule." They want one that applies to everyone else while they get "waivers" for being useful idiots. I say we "honor" them with one JUST FOR THEM.
  • Obama's 'deficit reduction' plan = He can only contain his inner Lenin for so long

    04/11/2012 5:44:45 PM PDT · by Starman417 · 3 replies
    Flopping Aces ^ | 04-11-12 | DrJohn
    The real Vladimir Ilyich Obama stands up As part of his fantasy "deficit reduction" plan, Barack Obama proposed a number of new taxes. One of them was the so-called "Buffett Rule." When it was initially proposed, it was part of the plan to reduce the deficit. 'Buffett rule'President Obama "Middle-class families shouldn't pay higher taxes than millionaires and billionaires," he said. "It's hard to argue against that." Mr Obama suggested a "Buffett rule", which would see Americans who earn more than $1m pay the same rate of tax as those who earn less. The proposal refers to billionaire financier Warren...
  • Obama touts Buffet Rule? IRS sues Warren Buffet’s NetJets Inc. for $366.3 million

    04/11/2012 2:01:39 PM PDT · by OPS4 · 8 replies
    InsideCounsel ^ | 3/2/12 | By Julie Beck
    you’re going to mess with the IRS, you should probably make sure you’ve paid your taxes first. That’s the moral you can extract from the tale of Warren Buffet’s private aircraft company, NetJets Inc, so far. In November 2011, NetJets, owned by Buffet’s Berkshire Hathaway Inc., sued the Internal Revenue Service (IRS) for $642.7 million in allegedly illegally imposed ticket taxes and penalties. Now, four months later, the IRS is suing NetJets for $366.3 million in unpaid taxes.
  • (Vanity) Buffet Rule: House GOP Should Pass Retroactive, Temporary, 2012 Only Buffet Rule

    04/10/2012 12:20:51 PM PDT · by indianrightwinger · 7 replies
    We should call the "Bluff" and simply pass a temporary one-year Buffet Rule tax, retroactive to January 2012. Make the case that we should give it a try, and that all taxes can be considered in 2013 after the election is over. Give Obama his biggest political victory going into 2012 election. We all know what will happen if this dumbass tax is passed. Let it happen under his watch in this year. Not in 2013 or beyond.
  • Was Keystone Blocked to Benefit Buffet?

    03/22/2012 6:29:05 AM PDT · by Lacey · 9 replies
    American Thinker ^ | March 22, 2012 | Russ Vaughn
    While our anti-petroleum president is visiting oil and pipeline country in a Potemkin photo op attempt to imply that he is what he clearly is not, here's something to ponder. Are you one of those who've wondered why billionaire, Warren Buffet, is so cozy with the Obama Administration? In an article published a couple of weeks ago by Bloomberg News, which gained little traction, author, Natalie Doss, noted that Buffet had made another one of his "pretty good bets" back in 2009 when Berkshire-Hathaway bought the Burlington Northern-Santa Fe Railroad. Doss reports: Fort Worth-based BNSF Railway's track network puts it...
  • Warren Buffett Seeks Dividend Tax Hikes—Whose Money Is It?

    03/22/2012 6:13:36 AM PDT · by SeekAndFind · 4 replies · 1+ views
    IBD ^ | 03/22/2012
    Ever since Warren Buffett observed that his tax rate is unfairly low, President Obama keeps finding ways to get mileage out of his friend's lament. One of the president's recent proposals is to dramatically increase the tax rate on corporate dividends for upper-income shareholders. It may seem that Buffett has no dog in this fight, since the company he runs, Berkshire Hathaway, pays no dividends anyway. But that's not the whole story. Before 2003, when dividends were taxed at much higher rates, companies like Berkshire had a handy rationale for holding on to their shareholders' money indefinitely, claiming this was...
  • Buffett's Private Jet Company Countersued By US Gov Over Taxes [ He rejects even the Bush Rates ]

    03/09/2012 1:50:28 PM PST · by NoLibZone · 10 replies
    business insider ^ | March 9 2012 | Linette Lopez
    One of Warren Buffett's Berkshire Hathaway holdings, NetJets (a private aircraft company), is being countersued by the U.S. government for at least $302 million in taxes and penalties, Bloomberg reports. This story is bound to attract some attention, since Warren Buffett has been so outspoken about every American paying their fair share of taxes. And it's a really hot headline to be sure — but there's a little more to the story. Notice, the U.S. government is counter suing. Back in November, Bloomberg also reported that NetJets was suing the U.S. government for excise taxes and penalties levied against the...
  • Saint Warren’s dark side (The ugliness of the billionaire that the media overlooks)

    02/01/2012 9:50:59 AM PST · by SeekAndFind · 6 replies
    New York Post ^ | 02/01/2012 | Charles Gasparino
    Imagine a Republican president regularly invoking the wisdom of a multibillionaire businessman who had profited off companies with questionable business practices, and who law-enforcement officials had recently asked to provide information about his own company’s questionable practices. No question about it: Democrats and the media would be having a field day. So why do we hear so little about the dark side of Warren Buffett? True, the double standard involving Buffett’s business record is longstanding. But now Obama is using him as a central prop in his class-warfare strategy for winning a second term. Yes, Buffett is a great investor;...
  • Gasparino Goes After Warren Buffet on Fox Business Today

    01/31/2012 10:57:31 AM PST · by RinaseaofDs · 22 replies
    Fox Business Channel | 1/31/2012 | Charlie Gasparino
    Gasparino actually said in plain English: 1. The 2008 Real Estate Bubble was caused in large part by the three ratings agencies 2. That Warren Buffet had ownership of Moody's and made millions at the time. 3. That the Lubrizol purchase was a continuation of a trend that Buffet has shown toward these sorts of ethical lapses in very large, economy moving transactions. So far, this is the very first time that anyone in the MSM has uttered such things, and the last place I thought I'd see it was on a Fox channel. Kudos to Gasparino for actually reporting...
  • Obama's Hypocrisy: Making Warren Buffett Richer

    01/25/2012 5:16:10 PM PST · by raptor22 · 12 replies
    Investor's Business Daily ^ | January 25, 2012 | IBD staff
    Hypocrisy: As the great investor's secretary sat with the first lady at the State of the Union, the president spoke of economic "fairness." Is it fair to make a supporter wealthier at the expense of the American people? During the 2008 campaign, candidate Barack Obama cited billionaire Warren Buffett as one of his economic muses. In the 2012 State of the Union address Tuesday night, the president returned to his advocacy of the "Buffett rule," a proposed minimum tax on millionaires and billionaires. To highlight his theme of "fairness," there in the first lady's box sat Buffett's secretary, Debbie Bosanek,...
  • Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year

    01/25/2012 2:15:12 PM PST · by grundle · 26 replies
    Forbes ^ | 1/25/2012 | Paul Roderick Gregory
    Warren Buffet’s secretary, Debbie Bosanek, served as a stage prop for President Obama’s State of the Union speech. She was the President’s chief display of the alleged unfairness of our tax system – a little person paying a higher tax rate than her billionaire boss. Bosanek’s prominent role in Obama’s “fairness” campaign piqued my curiosity, and I imagine the curiosity of others. How much does her boss pay this downtrodden woman? So far, no one has volunteered this information. The IRS publishes detailed tax tables by income level. The latest results are for 2009. They show that taxpayers earning an...
  • Buffett and Soros benefit from Obama’s decisions. Us not so much.

    01/25/2012 8:35:51 AM PST · by Starman417 · 4 replies
    Flopping Aces ^ | 01-25-12 | DrJohn
    Whenever Barack Obama makes a key decision, it always seems to benefit special supporters. 80% of the money Obama threw away on "green energy" programs went to his big donors. It's become painfully evident that crony capitalism has its fingerprints all over other Barack Obama decisions. Last year Barack Obama softened up Warren Buffett by awarding Buffett the Medal of Freedom, which Obama felt was appropriate for Buffett having accumulated more than $40 billion in personal wealth. In return, Buffett has become a cheerleader for Obama, voicing his support of Obama's Buffett rule. WASHINGTON — President Obama on Monday will...
  • Unions, Buffett, Robber Barons and Cronies Now Have Our Oil, Oh My

    01/25/2012 6:18:02 AM PST · by Kaslin · 7 replies ^ | January 25, 2012 | John Ransom
    It’s already been widely reported that Warren Buffett, a major shareholder in Obama, Inc. will be one of the primary beneficiaries of the decision from the White House to kill the Keystone pipeline and the jobs it would create. The administration now makes no attempt at all to disguise the fact that most decisions he makes are made in the best interest of Obama, Inc. shareholders. Buffett’s railroad, the BNSF Railway- now a wholly-owned subsidiary of Obama, Inc.- in a remarkable coincidence, will instead, apparently and patriotically, transport Canadian oil to the US at only a slight premium to the...
  • More ND oil will be railed with no US pipeline (Warren Buffet owns BNSF Railroad)

    01/23/2012 9:20:35 PM PST · by STARWISE · 23 replies
    AP/Yahoo ^ | 1-20-12 | James MacPherson
    Rail shipments of North Dakota crude to increase with decision to block Keystone XL pipeline ### North Dakota oil drillers increasingly will rely on trains to move barrels of crude to market after the Obama administration's decision to reject plans for a pipeline that would run from Canada to refineries on the Gulf of Mexico, state and industry officials say. "Pipelines are by far the safest and most economically efficient way to transport oil, but we are left with a limited number of options if pipelines are off the table," said Tony Clark, chairman of the North Dakota Public Service...
  • Buffett’s Railroad Among Winners From Keystone Denial (link only)

    01/23/2012 3:21:36 PM PST · by the invisib1e hand · 1 replies
    '''''' ^ | today | verbotten
    linked to verbotten source:Buffett’s Railroad Among Winners From Keystone Denial
  • Congressman Takes Buffett Up On His Offer, Buffett Will Write The Treasury A $49,000 Check

    01/18/2012 2:10:36 PM PST · by SeekAndFind · 7 replies
    Business Insider ^ | 01/18/2012 | Ben Walsh
    Warren Buffett has written his first check to the U.S. Treasury since announcing his pledge to match Republican donations to pay down the national debt a week ago. Carol Loomis, Fortune's senior editor-at-large and long-time friend of Buffett's, reports that the Omaha investor received a letter from Congressman Scott Rigell of Virginia (pictured below). In it, Rigell details the $49,000 he had donated to Treasury in total in 2011 and 2012 and asks Buffett to match both (full letter is below). Buffett agreed (full letter below). Lest we raise your hopes that the national debt is over as an issue,...