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Keyword: buffett

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  • Does Buffett See A Bottom In Oil Prices

    01/19/2016 7:53:14 AM PST · by bananaman22 · 11 replies
    Oilprice.com ^ | 19-01-2016 | rak
    Warren Buffett has been consistently wrong on oil, but many experts are calling a bottom on oil prices now that the investor extraordinaire has upped his ante in Phillips 66, betting that he can’t be wrong three times in a row. Buffett’s Berkshire Hathaway Inc. paid some $390 million for another 5.1 million shares of oil refiner Phillips 66 this month, boosting its investment to 65.68 million shares that today are worth around $5.21 billion. Phillips 66 shares closed up at $4.03 (5.4 percent) at $79.28 on the New York Stock Exchange on the deal. Experts have been calling the...
  • Who Gave Warren Buffett a License to be Born?

    01/12/2016 4:23:07 AM PST · by CharlesOConnell · 11 replies
    Freep | 1/16/2016 | Charles O'Connell
    Warren Buffett has given at least $64 million to population control, especially abortion, of those poor Moms who have been pressured by parents, boyfriends and bosses into committing the worst mistake of their lives.All so consumers will have more disposable income with which to buy his Berkshire Hathaway products. Products that won't love you when you're old and sick.Sixty-Four Percent (64%) of Aborting Moms “Felt Pressured By Others” (217 sample population) Induced abortion and traumatic stress: A preliminary comparison of American and Russian women Vincent M. Rue, Priscilla K. Coleman, James J. Rue, David C. ReardonMed Sci Monit 2004; 10(10):...
  • Buffett Uses Selective Data on Tax Stance

    12/29/2015 6:17:18 AM PST · by george76 · 16 replies
    WSJ ^ | Dec. 28, 2015
    By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates and away from itemized deduction and tax-avoidance regulations. It is interesting to see Warren Buffett using selective data to steer the Hillary Clinton tax plan away from tax reform that would truly unhinge the superwealthy .. By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates...
  • Obama: Keystone would make planet ‘uninhabitable’

    11/09/2015 3:25:13 PM PST · by jazusamo · 93 replies
    The Washington Times ^ | November 9, 2015 | David Boyer
    President Obama said Monday that the Keystone pipeline and other such fossil-fuel development projects would make Earth "uninhabitable." "We've got to lead by example, because ultimately, if we're going to prevent large parts of the Earth from becoming not only inhospitable but uninhabitable, then we're going to have to keep some fossil fuels in the ground rather than burn them," Mr. Obama told cheering grassroots supporters at a gathering in Washington.
  • Here's The Real Reason Obama Killed The Keystone XL Pipeline

    11/09/2015 6:44:45 AM PST · by SeekAndFind · 24 replies
    IBD ^ | 11/09/2015
    President Obama has junked the Keystone XL pipeline. His stated reason: The U.S. needs to lead the "serious action to fight climate change." His real reason is different. 'America," Obama said, is "now a global leader" in the climate war, "and frankly, approving this project would have undercut that global leadership." He insists now is the time to "protect the one planet we've got while we still can." Though his rhetoric will resonate with those who want to hear that sort of bunkum, the rest of us recognize its vast emptiness. Obama's decision Friday was based on nothing more than...
  • Trump Supporter, Billionaire Investor Carl Icahn Starts $150M Super PAC

    10/22/2015 1:02:37 PM PDT · by Helicondelta · 24 replies
    upi.com ^ | October 22, 2015
    Billionaire investor and longtime Donald Trump supporter Carl Icahn announced he is launching a $150 million super PAC to revise corporate tax law. Trump has indicated Icahn may be his choice for Treasury secretary should he win his bid for president. Icahn, in a letter to House and Senate leaders, said he wants Congress to pass legislation that will stop U.S. companies from moving profits overseas for lower tax rates, formally known as corporate tax inversions. He said lawmakers must be "accountable for the current gridlock in Congress that prevents important legislation from being passed." "In the last few years...
  • The mystery billionaire giving millions to Planned Parenthood to pay for poor womens abortions

    10/01/2015 11:56:44 AM PDT · by wagglebee · 36 replies
    LifeSiteNews ^ | 10/1/15 | Abby Johnson
    Sept. 28, 2015 (LifeSiteNews) - Three weeks after I left my job at the clinic, Planned Parenthood took me to court. I am always asked, “Why would they take you to court? Did they have something to hide?” Well, yes. They absolutely had something to hide. They didn’t want me sharing the information in this article. Let’s expose the truth, shall we? Yes, I do realize that releasing this information puts me in a precarious situation. But it’s always better for the truth to be out…no matter the cost. It was life changing. I remember the first time we were...
  • "Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan"

    09/09/2015 11:43:39 AM PDT · by tang-soo · 19 replies
    Zero Hedge ^ | 9/8/2015 | Tyler Durden
    "You want everybody educated to their potential. You want people to reach their potential. That still won't work for some people in a highly developed market system. I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There's just some people don't fit well into a highly skilled market-based economy. They're perfectly decent citizens. We'll send them off to Afghanistan, but they are not...
  • "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...
  • Massive Fire Rages After Another Buffett-Owned Oiltrain Derails In North Dakota, Town Evacuated

    05/06/2015 3:11:22 PM PDT · by george76 · 36 replies
    Exactly two months after the latest Warren Buffett-owned BNSF train derailed near the spot where the Galena river meets the Mississippi, resulting in a huge fire and the evacuation of all homes in a one mile radius, moments ago another of Buffett's BNSF oil trains derailed, this time near the town of Heimdal, North Dakota, resulting in the same outcome. According to the Bismark Tribune, the town in Wells County was evacuated Tuesday morning after a train full of oil tanker cars derailed and burned about a mile and half east of here. ... For those concerned that these countless...
  • Warren Buffett: Artificial Intelligence Will Decide Whether Humans Live or Die

    04/02/2015 6:02:04 AM PDT · by Enlightened1 · 26 replies
    You Tube ^ | 04/02/15
    Billionaire investor Warren Buffett says that the decision on whether humans live or die will be left to artificial intelligence when self-driving cars become a reality.
  • Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, 5th Largest Food Company

    03/25/2015 8:46:35 AM PDT · by SeekAndFind · 20 replies
    Zero Hedge ^ | 03/25/2015 | Tyler Durden
    Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world.And while the resulting company will certainly be an unprecedented food giant, one which leaves the US food industry even...
  • Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft

    03/25/2015 7:34:39 AM PDT · by jimbo123 · 50 replies
    Zero Hedge ^ | 3/25/15 | Tyler Durden
    Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world. And while...
  • Warren Buffett criticizes Keystone XL delay, says U.S. 'thumbing nose' at Canada

    03/02/2015 6:50:21 PM PST · by thackney · 41 replies
    Calgary Herald ^ | 03.01.2015 | ALEXANDER PANETTA
    The Keystone XL pipeline got an emphatic endorsement Monday from a powerful backer of President Barack Obama who questioned the handling of the file. To billionaire investor Warren Buffett, the delay is a thumbing of the nose at Canada. "I would have passed Keystone," Buffett said in an interview with CNBC. "I think that we have an enormous interest in working with Canada, as they have in working with us. That oil is going to get sold. If we make it more difficult for them, who knows how they'll feel about making things more difficult for us someday." Because Buffett...
  • Warren Buffett: Hillary will be president, unless she gets sick

    03/02/2015 1:36:19 PM PST · by LeoWindhorse · 73 replies
    Hot Air ^ | March 2, 2015 | Noah Rothman
    Berkshire Hathaway CEO Warren Buffett hasnt gotten where he is today by making rash investments, and the prolific investor claims that he is ready to put his money where his mouth is with regards to his support for Hillary Clintons likely presidential bid. Buffett, who allowed his name to be used by President Barack Obama as part of a cynical ploy to gin up interclass resentment during the 2012 reelection campaign, claims that all the smart money is on Clinton.
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of disappointing performance in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffetts holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in consumer product stocks by 21%. Berkshire Hathaway also sold...
  • Keystone XL pipeline decision back in Obama's lap

    01/10/2015 8:18:34 AM PST · by Brad from Tennessee · 48 replies
    Associated Press via Yahoo News ^ | January 10, 2015 | By Josh Lederman
    WASHINGTON (AP) Republicans in Congress and a state supreme court have thrown the political hot potato known as Keystone XL straight back onto President Barack Obama's lap. So loath is Obama to making a decision about the proposed oil pipeline that deliberations have entered their sixth year a period nearly as long as Obama's time in office. He's blamed the seemingly endless delays on bureaucratic formalities and parochial issues in Nebraska, even when skeptics claimed that the politics of the next election were giving the president cold feet. Now the election is over, the Nebraska issue is resolved,...
  • Warren Buffett, Reluctant PAC Man, Is Ready for Hillary [link only]

    12/05/2014 5:54:06 AM PST · by C19fan · 3 replies
    Bloomberg [Link Only] | December 4, 2014 | Lisa Lerer
    link only: http://www.bloomberg.com/politics/articles/2014-12-04/warren-buffett-bets-big-on-hillary-clinton
  • Warren Buffett's Massive Railroad Lobby

    11/19/2014 8:07:04 AM PST · by upbeat5 · 41 replies
    Muckety ^ | May 5, 2014 | Laurie Bennett
    What do train whistles and Warren Buffett have in common? If you answered old-fashioned charm, youre wrong. The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire the man behind the exploding trains. Buffetts company, Berkshire Hathaway, owns Union Tank Car Company, North Americas largest leaser of tank cars. Berkshire also owns BNSF Railway Company, which moves many of those cars.
  • Buffett Set to Save More Than $1 Billion in Taxes With Duracell Stock Swap

    11/13/2014 11:56:25 AM PST · by reaganaut1 · 10 replies
    Bloomberg | November 13, 2014 | Noah Buhayar, Richard Rubin and Zachary Tracer
    No excerpt allowed from Bloomberg, story here
  • Warren Buffet--**** anti-USA hypocrite who just exists to kill babies (vanity rant)

    08/26/2014 8:43:48 AM PDT · by Mamzelle · 16 replies
    personal rant | 8/26/14 | Mamzelle
    So Warren wants to ruing the middle-class taxpayer with his Obama-worship, then hightail his ancient, fetid aZZ to a favorable tax climate. And his "legacy" is three million abortions. Has there been a worse human being in the news lately?
  • Keystone southern leg pumped billions; what's Obama waiting for?

    07/11/2014 3:50:17 PM PDT · by Brad from Tennessee · 14 replies
    Washington Examiner ^ | July 11, 2014 | By Mark Tapscott
    President Obama has delayed making a decision on whether to approve construction of the northern leg of the proposed Keystone XL pipeline for nearly six years. Meanwhile, the recently completed southern leg of the pipeline, which connects the huge pipeline storage hub in Cushing, Okla., with Gulf Coast refineries in Texas and Louisiana, has pumped billions of dollars into the regional economy. That flow of investment has also sparked creation of thousands of new jobs, especially in Oklahoma and Texas, according to an economic impact study. The study by the Consumer Energy Alliance found completion of the southern leg of...
  • Kill Keystone Pipeline And You Kill Americans

    06/11/2014 5:22:38 PM PDT · by jazusamo · 8 replies
    Investors.com ^ | June 11, 2014 | IBD Editorial
    Energy: As a big Dem donor talks of pipeline terrorism, new federal reports warn that killing Keystone XL will overburden rail transport of oil and result in more frequent and deadlier environmental disasters. Environmentalists who claim that the Keystone pipeline from Canada represents an unprecedented environmental threat ignore that the pipeline would pose no greater danger than the more than 50,000 existing miles of safely operating pipeline already crisscrossing the U.S. They also ignore the very real and growing environmental danger in the only viable alternate for transporting oil by rail. Keystone would not only carry oil from Canada...
  • How Warren Buffett Milks Consumers & Taxpayers Through Wind Energy

    05/28/2014 10:45:21 AM PDT · by george76 · 9 replies
    NLPC ^ | 05/21/2014 | Fred N. Sauer
    wind energy is highly inefficient and requires additional transmission lines and back-up gas generators when the wind doesn't blow. Yet, windmills keep getting built, thanks to government subsidies. But it is very hard to trace these subsidies. Vague statements about "tax credits" and "mandates" give no hint of the magnitude of returns that these subsidies provide to crony windmillers. Indeed, in the Carnahan Special Report, we had to burrow into financial statements of a foreign company and its subsidiary to understand where all the money was going. The principal information was buried in an arcane note to these financial statements....
  • HEDGE FUND MANAGER: Warren Buffett 'Is Basically A Tax Evader'

    05/15/2014 5:31:37 PM PDT · by george76 · 15 replies
    Business Insider ^ | May 15, 2014 | Julia La Roche
    Macro fund manager John Burbank of Passport Capital joked that Warren Buffett is "basically a tax evader" at the SALT conference and attendees started clapping and laughing. ... "I just hate when he tells you to pay taxes," Burbank added to more cheers and laughs from the crowd. "That's a different concept. If you're asking me if he's become somewhat hypocritical. I don't want to go there. What I'm saying is his returns after tax are phenomenal. And nobody talks about the fact that he's tax efficient. Political views, etc. I don't want to go there," Cooperman said.
  • 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 | CBNNews.com
    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...
  • Effort to Approve Keystone Collapases in Senate

    05/12/2014 4:18:02 PM PDT · by lbryce · 27 replies
    CNN ^ | May 12, 201 | Fred Barrett
    A bipartisan Senate effort to approve the controversial Keystone XL pipeline collapsed Monday making it unlikely a politically potent vote on the project will take place before Novembers midterm election. A vote on Keystone was tied to the fate of an unrelated energy efficiency bill that has support in both parties. But that measure failed to get the 60 votes it needed to move forward after getting bogged down in partisan fighting over whether GOP amendments would be allowed.
  • Warren Buffett has given $1.2 billion to abortion groups

    05/13/2014 5:52:21 AM PDT · by SoFloFreeper · 36 replies
    Fox News ^ | 5/13/14 | Dan Gainor
    May 13, 2014 marks one year since Philadelphia abortion Dr. Kermit Gosnell was convicted of first-degree murder in the deaths of three babies who were delivered alive and then killed with scissors at his grimy, house of horrors clinic, according to AP. Gosnell instantly became the face of abortion in in the prolife community. But theres another, more recognizable face pushing abortion in the U.S. liberal billionaire Warren Buffett. The so-called Oracle of Omaha has donated more than $1.2 billion to abortion organizations from 2001 to 2012.
  • BREAKING: Warren Buffett Buys WPLG! [Democrat Owns ABC Station in Miami, Florida]

    03/15/2014 5:30:49 PM PDT · by SoFloFreeper · 16 replies
    sfltv.com ^ | 3/12/14
    Billionaire Warren Buffets iconic company Berkshire Hathaway will trade 1.6 million shares of Graham Holdings stock in exchange for WPLG, according to a report from Deadline Its been known for a while that Buffett wants to exit Graham Holdings, formerly known as the Washington Post Co., who are left with only their TV stations and a business in the education sector. Buffett will allegedly get WPLG plus an unspecified amount of cash. The Washington Post company bought WPLG in 1969 and changed its call letters to WPLG in memory of Phillip L. Graham, the husband of Washington Post publisher Katherine...
  • Warren Buffett Gives Millions to Pay for Abortions

    03/05/2014 6:49:21 PM PST · by don-o · 22 replies
    National Review Online ^ | March 5, 2014 | Betsy Woodruff
    Millions of dollars from the fortune of legendary investor Warren Buffett are going to pay for abortions, according to documents from Buffetts charitable organization and abortion-providing groups. Buffet, whose preternatural investing success has made him the fourth richest person in the world, is often described as folksy. But the Sage of Omaha is also a longtime population-control buff, and his foundation pours tens of millions of dollars into abortion-funding work every year. In 2011, his foundation gave more than $115 million to pro-choice groups, with a large portion of that going to groups that fund abortions rather than merely doing...
  • WARREN BUFFETT: I'm Buying Stocks If They Fall Today, And Bitcoin Is Not A Currency

    03/03/2014 7:54:06 AM PST · by SeekAndFind · 21 replies
    Business Insider ^ | 03/03/2013 | sam Ro and Linette Lopez
    Two days after publishing his annual letter to shareholders, Warren Buffett is on speaking on CNBC with Becky Quick. Equity fund managers Todd Combs and Ted Weschler will also be on later in an extremely rare appearance. On Ukraine Off the bat, Quick asked for his take on the tension in Ukraine. Rather than addressing the turmoil directly, Buffett said that he does not consider these types of skirmishes when he invests in companies. "I never really buy businesses based on macro factors," he said. He noted that he invested in his first business in the wake of the attack...
  • Warren Buffett has some explaining to do ahead of his Annual General Meeting

    02/24/2014 6:46:08 AM PST · by SeekAndFind · 3 replies
    New York Post ^ | 02/24/2014 | By Terry Keenan
    Just in time for Warren Buffetts release of his 2014 annual letter to shareholders this coming Saturday, Oracle-watchers last week were privy to another iteration of the Buffett Rule. No, not the one where he wants Americans who are trying to build a nice nest egg one paycheck at a time to pay far more in taxes than he does on his accumulated billions, but a broader interpretation of his quiet hypocrisy that is, Do what I say, not as I do. In this case, the issue for Buffett and his Berkshire Hathaway came as the company was caught...
  • State Dept.: Not Building Keystone Pipeline Could Increase Greenhouse Gas Emissions

    02/04/2014 1:45:50 PM PST · by ColdOne · 9 replies
    cnsnews.com ^ | 2/4/14 | Barbara Hollingsworth
    CNSNews.com) -- Not building the 875-mile Keystone XL Pipeline could result in the release of up to 42 percent more greenhouse gases than would be released by building it, according to the State Department. Not building the pipeline is unlikely to significantly impact the rate of extraction in the [Canadian] oil sands or the continued demand for heavy crude oil at refineries in the United States, the department noted in a long-awaited environmental report released January 31st. But the No Build option is likely to result in an increased number of oil spills, six more deaths annually, and up to...
  • Obama Donor Will Run Anti-Keystone Ad During SOTU

    01/28/2014 7:01:54 AM PST · by rktman · 25 replies
    Breitbart.com ^ | 1/27/2014 | Joel B. Pollak
    Billionaire Obama donor Tom Steyer, who is funding and leading the environmentalist campaign against the Keystone XL pipeline, will air an anti-Keystone ad on MSNBC before and after President Barack Obama's State of the Union address on Tuesday evening. The minute-long ad, entitled "Sucker Punch," claims that Canada may not send its tar sand oil through the pipeline to the U.S., and implies it will send the oil to China instead.
  • TransCanada will look at rail if Keystone XL rejected

    01/16/2014 5:44:12 AM PST · by thackney · 32 replies
    AP via Fuel Fix ^ | January 15, 2014 | Rob Gillies
    The chief executive of TransCanada said Wednesday if the Obama administration doesnt approve the controversial Keystone XL pipeline his company will look to the more dangerous alternative of building build rail terminals in Alberta and Oklahoma. President Barack Obama is expected to decide early this year on Keystone XL, which is under review at the State Department. The long-delayed pipeline would carry oil from Canada to the Gulf Coast. TransCanada CEO Russ Girling said pipelines are by far a safer alternative to oil trains but said if customers want him to build rail terminals he will. He said hes in...
  • Could US lose access to Keystone oil? Canada moves to Plan B

    01/15/2014 3:27:54 PM PST · by jazusamo · 31 replies
    Fox News ^ | January 15, 2014 | Dan Springer
    Where crude oil is concerned, Canada waits for no country. It doesnt matter how wealthy or how friendly that country is -- or whether that country is the United States. With the Canada-to-Texas Keystone XL pipeline stuck in limbo on the U.S. side, Canadas Energy Board recently gave a thumbs up to a $6.5 billion pipeline designed to carry 525,000 barrels of oil per day from the oil sands of Alberta to ships on the British Columbia coast. The final destination is most likely Asia. The development has the U.S. oil industry attacking the Obama administration over its drawn-out process....
  • Buffett says he passed on buying Washington Post

    10/23/2013 3:45:31 PM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Oct 23, 2013 5:32 PM EDT | Josh Funk
    Investor Warren Buffett says he didnt buy the Washington Post because he didn't want it to be a burden on his company or family. His Berkshire Hathaway Inc. conglomerate has purchased dozens of other newspapers since 2011. And Berkshire was the largest Washington Post Co. shareholder before the newspaper was sold to Amazon CEO Jeff Bezos for $250 million. But Buffett told Fortune magazine he only briefly considered buying the Post because he didnt want to saddle Berkshires next CEO or his children with a metro newspaper.
  • Buffett lauds Bernanke but laments lack of investment bargains

    09/19/2013 3:39:19 PM PDT · by posterchild · 15 replies
    Reuters ^ | Arggg Sept 19, 2013 | Jonathan Stempel and Peter Rudegeair
    The billionaire investor spoke one day after the central bank surprised investors by postponing its expected wind-down of monetary stimulus, which has in five years more than tripled the Fed's balance sheet to above $3.6 trillion. "Since the panic of five years ago, he's done a terrific job," Buffett said on CNBC television in a joint interview with Brian Moynihan, chief executive of Bank of America Corp. Asked if he would reappoint Bernanke when his term expires, Buffett said: "That's what I would do." Nevertheless, at an event later Thursday afternoon at Georgetown University, Buffett said that the Fed's eventual...
  • Warren Buffett says reports he wants to scrap Obamacare are 'outrageous'

    09/17/2013 1:07:39 PM PDT · by Oldeconomybuyer · 25 replies
    Omaha World-Herald | September 17, 2013 | By Steve Jordon
    Link Only: http://www.omaha.com/article/20130917/LIVEWELL26/309179863/1707
  • Warren Buffett: Scrap Obamacare and Start Over

    09/17/2013 7:46:12 AM PDT · by Paul46360 · 14 replies
    The Weekly Standard ^ | 9-17-3 | JEFFREY H. ANDERSON
    "You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that "we need something else." Money Morning writes:..""Republicans should take Buffett's words as an invitation to propose a long-overdue Obamacare alternative, one that would lower costs, fix the unfairness in the tax code, deal with the specific problem of preexisting conditions, breathe life into a moribund individual insurance market, and constitute real reform. It's time to delay Obamacare and propose an alternative, then repeal Obamacare (in 2017) and pass the alternative."
  • More Loan Disasters Like Fisker and Solyndra Could Be On the Way

    09/02/2013 10:21:48 AM PDT · by SeekAndFind · 8 replies
    Pajamas Media ^ | 09/01/2013 | BECKY GRAEBNER
    The word on the street is that the Obama administration is ready to reignite the Department of Energy loan program for alternative vehicles. I think Ive harped on Fisker Automotive, Vehicle Production Group and the battery-failure twins Solyndra and A123 Systems enough for you all to remember that each one of these flops received large loans from DOE and failed to pay them back. The controversial loan program was taken offline by then department head Steven Chu two years ago. Well, its back. Chus successor, Ernest Moniz, is hoping that the department can jump-start the loan program again and...
  • Heinz to cut 600 jobs in North America after sale of company

    08/13/2013 12:14:23 PM PDT · by rickmichaels · 38 replies
    TORONTO SUN ^ | AUGUST 13, 2013 | REUTERS
    PITTSBURGH - H.J. Heinz Co, the world's largest ketchup maker, said on Tuesday it plans to eliminate 600 jobs across North America.
  • Harry Reid Helps Warren Buffett Acquire Big Energy Firm

    07/31/2013 9:09:28 AM PDT · by Nachum · 6 replies
    Weekly Standard ^ | 7/31/13 | MICHAEL WARREN
    Even if you're Warren Buffett--billionaire investor, founder of Berkshire Hathaway, and Democratic donor--it helps to have friends in high places. Through his holding company MidAmerican Energy, Buffett is currently atttempting to purchase NV Energy, a Nevada-based energy firm, and he's getting some big help from that state's senior U.S. senator, Majority Leader Harry Reid. Energy and Environmental Daily reports (subscriber content only) that Reid, who has been publicly supporting Buffett's acquisition of NV Energy and has criticized Nevada state regulators holding up the purchase, wrote a letter to the Federal Energy Regulatory Commission requesting the agency give "close consideration" to...
  • Buffett's son: charity fuels a 'perpetual poverty machine'; giving money away eases conscience

    07/28/2013 7:44:17 AM PDT · by NotYourAverageDhimmi · 50 replies
    Daily Mail ^ | July 28, 2013 | Daily Mail Reporter
    When billionaire Warren Buffett pledged to give away 85 per cent of his fortune in 2006, as part of a Giving Pledge where some of the country's wealthiest people would do more to help charity, he was applauded. But, seven years on, his son Peter warns that just throwing funds at problems in society such as poverty and ill health can prevent a more permanent solution from being found. In an opinion piece in the New York Times, the composer and chairman of the NoVo Foundation warned that a donor's desire to 'save the day' could have 'unintended consequences. Mr...
  • Obamas Paid 18.4% in Taxes on $608,611 in 2012 (Where Is The Outrage?)

    04/12/2013 12:38:49 PM PDT · by whitedog57 · 16 replies
    Confounded Interest ^ | 04/12/2013 | Anthony B. Sanders
    President Obama and his wife Michelle paid 18.4% in taxes on $608,611 in 2012. April 12 (Bloomberg) President Obama, wife, Michelle, had adjusted gross income of $608,611 in 2012, paid $112,214 in taxes, according to federal tax returns released by White House. Vice President Biden, wife, Jill, report $385,072 in adjusted gross income, paid $87,851 in federal taxes Obamas donated $150,034, ~24.6% of adjusted gross income, to 33 charities Here are the Obamas 2012 tax returns. What happened to the vitriol about Warren Buffetts tax rate versus his secretary? The same holds true about the vitriol about...
  • Junk Bond-Flavored Ketchup: Buffetts Leveraging of Heinz into Orbit

    02/21/2013 4:45:13 PM PST · by whitedog57 · 8 replies
    Confounded Interest ^ | 02/21/2013 | Anthony B. Sanders
    Billionaire Warren Buffett loves Heinz ketchup with his hash browns so much that he is driving Heinz into junk status. Maybe he actually likes Hunts Ketchup better. His love of ketchup and hash browns is transforming H.J. Heinz Co. into the most-leveraged food maker in America. Buffetts Berkshire Hathaway Inc. and 3G Capital Inc.s $2 billion acquisition of Heinz may double the companys total debt to five times earnings before interest, taxes, depreciation and amortization, according to Fitch Ratings, the highest of any comparable food company. The cost to protect Heinzs debt from losses soared to a record after the...
  • 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...
  • SEC Freezes Swiss Account Over Heinz Trades

    02/16/2013 11:02:42 AM PST · by Lorianne · 12 replies
    Wall Street Journal ^ | 16 February 2013 | Chad Bray, Jean Eaglesham
    <p>The U.S. Securities and Exchange Commission has frozen the assets of a Swiss trading account that allegedly made a series of "highly suspicious" trades reaping about $1.7 million ahead of the blockbuster sale of H.J. Heinz Co.</p> <p>The regulator's move came one day after Heinz said it was selling itself for $23 billion to Warren Buffett's Berkshire Hathaway Inc. and Brazilian private-equity firm 3G Capital in one of the biggest food-industry acquisitions ever.</p>
  • Buffetts firm dips into $23B Heinz ketchup deal

    02/14/2013 9:29:02 AM PST · by Olog-hai · 5 replies
    Associated Press ^ | Feb 14, 2013 10:50 AM EST | Candice Choi and Josh Funk
    Billionaire investor Warren Buffett is dipping into the ketchup business as part of $23.3 billion deal to buy the Heinz ketchup company. H.J. Heinz Co. says its the largest deal ever in the food industry. The company, based in Pittsburgh, also makes Classico spaghetti sauces, Ore-Ida potatoes and Smart Ones frozen meals. Buffett's Berkshire Hathaway and its partner on the deal3G Capital, the investment firm that bought Burger King in 2010say Heinz will remain headquartered in Pittsburgh. Heinz CEO William Johnson said in a statement that the company will have an opportunity to drive further growth as a private enterprise....
  • Buffett pulls off fresh blockbuster with $23 billion Heinz deal

    02/14/2013 8:23:15 AM PST · by South40 · 30 replies
    Reuters ^ | 2/14/2013 | Ben Berkowitz and Martinne Geller
    (Reuters) - Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital will buy ketchup and baby food maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3G's ambitions in the food industry with Buffett's hunt for growth. Including debt assumption, Heinz valued the transaction, which it called the largest in its industry's history, at $28 billion. Berkshire and 3G will pay $72.50 per share, a 19 percent premium to the stock's previous all-time high.