Keyword: buffett

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  • 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, you’re wrong. The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire “the man behind the exploding trains.” Buffett’s company, Berkshire Hathaway, owns Union Tank Car Company, North America’s 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 November’s 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 there’s 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 Buffet’s iconic company Berkshire Hathaway will trade 1.6 million shares of Graham Holdings stock in exchange for WPLG, according to a report from Deadline It’s 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 Buffett’s 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 Buffett’s 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 doesn’t 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 he’s 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 doesn’t 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, Canada’s 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 didn’t 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 didn’t want to saddle Berkshire’s 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 I’ve 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, it’s back. Chu’s 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 Obama’s 2012 tax returns. What happened to the vitriol about Warren Buffett’s tax rate versus his secretary? The same holds true about the vitriol about...
  • Junk Bond-Flavored Ketchup: Buffett’s 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. Buffett’s Berkshire Hathaway Inc. and 3G Capital Inc.’s $2 billion acquisition of Heinz may double the company’s 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 Heinz’s 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>
  • Buffett’s 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 it’s 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 deal—3G Capital, the investment firm that bought Burger King in 2010—say 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.
  • Why are Barack Obama and Jimmy Buffett teaching kids to shoot other kids?

    02/01/2013 10:14:11 AM PST · by Starman417 · 5 replies
    Flopping Aces ^ | 01-31-13 | DrJohn
    Arizona, 2007: A child is suspended for drawing images of a gun: MESA, Ariz. — Parents of a Florence student suspended for sketching a gun during class say his punishment is an overreaction by school officials. The eighth-grader at Florence's Walker Butte K-8 school was suspended for three days on Aug. 24 for drawing images of a gun. Stephanie Vardarkis said her son, Joshua, had drawn the images on index cards, sort of like a cartoon that included a stick figure holding a gun. In one image, the boy included the name of the school resource officer. Rather than it...
  • 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...
  • Manassas News & Messenger prints final edition ( Warren Buffett )

    12/31/2012 11:07:35 PM PST · by george76 · 10 replies
    WTOP ^ | - 1/1/2013 | Kathy Stewart
    WASHINGTON - The Manassas News & Messenger is no more. The paper printed its final edition after 143 years of covering the news in Prince William County, Manassas and Manassas Park Sunday. The paper's parent company, the Warren Buffett-owned World Media Enterprises, decided to close the paper and its website ... World Media Enterprises purchased the paper, as well as several others, from Media General in June. ... All employees lost their jobs, and
  • Buffett, Soros Join List of Billionaires Calling for Tax Hikes They Won’t Pay

    12/13/2012 11:01:45 AM PST · by Hojczyk · 17 replies
    Yahoo Finance ^ | December13, 2012 | Matt Nesto
    "I just got fed up. It wasn't just Warren Buffett. There's been a half dozen of these things lately, and what I noticed is everyone is asking for taxes to be raised except the taxes they actually pay," Brown told me on the sidelines of the Minyanville Festivus event. So in that light, let's look at the gap that exists between proposed tax hikes and actual impact. The proposed income tax increase on couples earning more than $250,000 year: Buffett's $100,000 a year salary is well known - as is the complaint that his poor, lowly secretary has a higher...
  • 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
    http://www.foxbusiness.com ^ | 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."
  • The Millionaires’ Tax (Hey Mr. Buffett, How Much Taxes will It Really Raise?)

    11/28/2012 9:53:04 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 11/28/2012 | Jillian Kay Melchior
    The days are ticking off to a January 1 fiscal implosion, and Republicans are trying to MacGyver a fiscal fix. Three days after the election, President Obama claimed the voters had given him a mandate to raise taxes on the rich. With Pew reporting that 58 percent of Americans feel the rich pay too little in taxes, it’s hard for Republicans to contradict the president. Unless Congress intervenes to prevent the Bush tax cuts from expiring, high earners will face significantly higher income taxes in 2013. For the top two brackets, the rate will rise to 36 percent (from 33...
  • A Master of Tax Avoidance

    11/27/2012 2:44:39 PM PST · by ExxonPatrolUs · 14 replies
    Greg Mankiw's Blog ^ | November 26, 2012 | Greg Mankiw
    Warren Buffett has an op-ed in today's NY Times on one of his most popular themes: The rich should pay more in taxes.  At first blush, his position seems noble: A rich guy says that people like him should pay more to support the commonwealth.  But on closer examination, one realizes that Mr Buffett never mentions doing anything to eliminate the tax-avoidance strategies that he uses most aggressively.  In particular: 1. His company Berkshire Hathaway never pays a dividend but instead retains all earnings.  So the return on this investment is entirely in the form of capital gains.  By not paying dividends, he saves his investors (including...
  • GREG MANKIW: Warren Buffett Doesn't Tell You About How He's A Master Of Tax Avoidance

    11/26/2012 11:20:51 AM PST · by SeekAndFind · 24 replies
    Business Insider ^ | 11/26/2012 | Joe Weisenthal
    In a NYT Op-Ed today, Warren Buffett argued that the rich should pay a certain minimum tax, and he explained to activist Grover Norquist that it's preposterous to think that businessmen would forgo profitable deals merely because the rate of tax on the profits would go up. But why do people listen to Buffett on taxes? Basically because he's a rich, successful guy (which is why a lot of people are listened to on a lot of subjects). To that end, economist and former Romney advisor Greg Mankiw has a short post talking about Buffett as a master of "tax...
  • Warren Buffett Just Made A Huge Bet On The US Housing Market

    10/31/2012 10:36:56 AM PDT · by blam · 10 replies
    TBI ^ | 10-31-2012 | Matthew Boesler
    Warren Buffett Just Made A Huge Bet On The US Housing Market Matthew BoeslerOct. 31, 2012, 11:13 AMPerhaps the most bullish indicator for U.S. housing is Warren Buffett. The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business. Bloomberg Businessweek's Noah Buhayar has the details: Berkshire’s HomeServices of America Inc. unit will be the majority owner of the venture to manage a U.S. residential real-estate affiliate network, according to...
  • Billionaires Dumping Stocks, Economist Knows Why

    09/19/2012 10:17:45 AM PDT · by lowbridge · 29 replies
    http://www.moneynews.com ^ | september 19, 2012
    Despite the 6.5% stock market rally over the last three months, 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. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson...
  • Buffett's Move Raises a Red Flag

    08/21/2012 6:59:02 AM PDT · by Second Amendment First · 4 replies
    Wall Street Journal ^ | August 21, 2012 | SERENA NG And MICHAEL CORKERY
    A decision by Warren Buffett's Berkshire Hathaway Inc. BRKB -0.15% to end a large wager on the municipal-bond market is deepening questions from some investors about the risks of buying debt issued by cities, states and other public entities. The Omaha, Neb., company recently terminated credit-default swaps insuring $8.25 billion of municipal debt. The termination, disclosed in a quarterly filing with regulators this month, ended five years early a bullish bet that Mr. Buffett made before the financial crisis that more than a dozen U.S. states would keep paying their bills on time, according to a person familiar with the...
  • Investors With Ties To Buffett, Soros, Obama Plan Mortgage Eminent Domain Grab

    06/15/2012 7:58:19 AM PDT · by Fred · 21 replies
    Future of Capitalism ^ | 061512 | Ira Stoll
    A group of businessmen with ties to Warren Buffett, George Soros, President Obama, and socialist senator Bernie Sanders are pushing a plan to use the government's power of eminent domain to seize billions of dollars worth of underwater mortgages from banks and bondholders. Word of the plan surfaced earlier this month in a Reuters dispatch that reported the eminent domain strategy but not the political ties of the businessmen involved in the plan nor their links to two of America's most prominent and outspoken billionaires. The Reuters article said a firm called Mortgage Resolution Partners, chaired by Steven Gluckstern, a...
  • Should taxes take bigger bite of Apple?

    05/06/2012 12:57:18 PM PDT · by Mark Landsbaum · 21 replies
    Orange County Register ^ | 5-6-2012 | Mark Landsbaum
    Unlike the government (and unlike the New York Times), we come to celebrate Apple, not to bury it. The Times' recent headline about the Cupertino-based computer company was, "How Apple Sidesteps Billions in Taxes." A couple of obvious conclusions may be drawn. Either, this is shameful. Or, this is admirable. You can read the Times story and draw your own conclusion about that paper's conclusion. You can find it here. However, there are a few tell-tale signs that tip the Times' hand. Here's one: . . .
  • Buffett-backed Chinese carmaker hit by slowdown and solar woes

    04/26/2012 4:33:15 PM PDT · by Oldeconomybuyer · 3 replies
    Reuters ^ | April 25, 2012 | by Alison Leung and Kelvin Soh
    (Reuters) - BYD Co Ltd , a Chinese carmaker backed by U.S. billionaire Warren Buffett, posted a 90 percent slide in quarterly profit as it was hit by a slowdown in the world's largest car market and losses in its solar business. China's once-sizzling auto industry has succumbed to softening economic growth, further exasperated by new vehicle offerings in the fiercely competitive market. BYD, which attracted investment from Buffett's Berkshire Hathaway because of its battery technology, has started selling pure electric cars and buses in China. BYD, which debuted its new generation of plug-in sedans at the Beijing auto show...
  • Obama: do as I don’t do. Pay more taxes

    04/20/2012 12:00:42 PM PDT · by Mark Landsbaum
    President Barack Obama has gotten a lot of mileage out of touting his “Buffett Rule” to force millionaires to pay more in taxes. Maybe he thinks earning three-quarters of a million gives him a free ride. . .
  • Buffett Rule more about pandering than 'fairness'

    04/18/2012 10:00:52 AM PDT · by Mark Landsbaum · 3 replies
    The Orange County Register ^ | 4-18-2012 | The Orange County Register Editorial Boarad
    The president seemingly lost a major fight Monday when the Senate shot down his "Buffett Rule" minimum tax for the wealthy, one of his signature issues and what promises to be a central plank of his reelection campaign. Or did he lose? ...
  • Obama’s shiny objects

    04/17/2012 9:54:21 AM PDT · by Starman417 · 4 replies
    Flopping Aces ^ | 04-17-12 | DrJohn
    World English Dictionary zombie or zombi (ˈzɒmbɪ) 1. a person who is or appears to be lifeless, apathetic, or totally lacking in independent judgment; automaton Obama supporters do not generally have much will. They lack independent judgment. They are automatons. They are easily distracted by shiny objects and Barack Obama has a host of shiny things he uses to distract them from the real issues facing the nation. As he has no record upon which to run, Obama needs these shiny objects and they are critical to his re-election efforts. Among them: The Buffett RuleObama has made and continues to...