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Keyword: munger

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  • Munger says prepare for harder world as buying power slides

    03/26/2015 6:56:13 AM PDT · by ckilmer · 12 replies
    theedgemarkets ^ | March 26, 2015 : 4:47 PM MYT
    Munger says prepare for harder world as buying power slides     | March 26, 2015 : 4:47 PM MYT    Share on facebook Share on twitter (Mar 26): Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it’s going to get tougher for consumers to maintain their standard of living in coming decades.“We should all be prepared for adjusting to a world that is harder,” Munger, 91, said Wednesday at an event in Los Angeles, in response to a question about the increase in the size of the Federal Reserve’s balance sheet since...
  • Gov. Jerry Brown's budget plans threatened by a determined Molly Munger

    10/12/2012 10:24:59 AM PDT · by SmithL · 23 replies
    Sacramento Bee ^ | 10/12/12 | Kevin Yamamura
    Gov. Jerry Brown hoped a mix of politicking and good fortune would deter negative ads against his tax initiative in the campaign's final weeks. His luck expired in the last few days. Not one, but two, campaigns took aim at the governor's Proposition 30 on airwaves across the state, funded separately by two children of billionaire investor Charles Munger. The Democratic governor now faces a serious threat to the linchpin of his longer-term budget plan. Brown has been particularly frustrated by attorney Molly Munger's ad, which calls his campaign "misleading" and uses an animated sequence to depict politicians taking money...
  • CALIFORNIA: U.S. senators, legislative leaders call for tax cease-fire

    08/17/2012 12:02:48 AM PDT · by SmithL · 16 replies
    SacBee: Capitol Alert ^ | 8/16/12 | Kevin Yamamura
    In a pointed letter critical of Gov. Jerry Brown's tax rival, California's two U.S. senators along with state legislative leaders called Thursday for a cease-fire from campaigns backing the two multibillion-dollar tax hikes on the November ballot. U.S. Senators Dianne Feinstein and Barbara Boxer, as well as Senate President Pro Tem Darrell Steinberg and Assembly Speaker John A. Prez, said in a letter to the California State PTA that the Proposition 38 campaign has "become increasingly negative" and "engaged in personal attacks against Governor Jerry Brown and Prop. 30." The PTA has joined wealthy attorney Molly Munger in backing Proposition...
  • Charles Munger's push for Beth Gaines becomes campaign issue

    05/24/2012 8:46:16 AM PDT · by SmithL
    SacBee: Capitol Alert ^ | 5/23/12 | Jim Sanders
    Competing radio ads spotlight wealthy Stanford physicist Charles T. Munger Jr.'s deep-pockets support for incumbent Assemblywoman Beth Gaines against challenger Andy Pugno in a Placer County-based Assembly district. Spirit of Democracy, an advocacy group funded largely by Munger, has poured more than $175,000 into a radio and mail promotional campaign for Gaines this month. Pugno is attempting to create a backlash by painting the GOP activist as a liberal. Munger is a major GOP donor and was a key financial backer of redistricting reform. He has pushed to moderate the Republican Party by downplaying divisive issues such as abortion, gun...
  • Californias Proposed Tax Hikes

    04/17/2012 2:33:20 PM PDT · by reformedcrat · 33 replies
    Napa Whine Country ^ | 4-17-2012 | Tom Thurlow
    Never underestimate the anti-tax wrath of California voters. Years ago, Californians were struggling under higher and higher property taxes that were continually getting reassessed and raised, and at one point they had had enough. In 1978, Proposition 13 was proposed to cap property taxes and limit reassessments, and it passed with a huge margin despite a firestorm of opposition from every politician around. The author and chief proponent of Prop 13, gadfly Howard Jarvis, became a minor celebrity and helped author similar ballot measures in other states.
  • Molly Munger tax initiative drive offers workers a chance for free cars

    03/24/2012 10:48:45 AM PDT · by SmithL · 8 replies
    SacBee: Capitol Alert ^ | 3/24/12 | Jim Sanders
    Key to victory? A car key, perhaps. Michael Arno, whose company is spearheading the drive to qualify Molly Munger's tax measure for the November ballot, plans to give away a car each week in a drawing involving his top signature gatherers. The weekly winner can choose a favorite vehicle in the $15,000 price range, said Arno, whose firm must gather 504,760 valid voter signatures. County elections officials must confirm voter signatures by June 28, so the secretary of state has suggested that campaigns submit their petitions to local government by April 20. Clearly, it's pedal-to-the-metal time for initiative drives.
  • A Recap Of the CRP Platform Committee Activity At the Convention (California Republicans)

    09/21/2011 12:04:39 PM PDT · by CounterCounterCulture · 2 replies
    Flash Report ^ | 20 September 2011 | Jon Fleischman
    A Recap Of the CRP Platform Committee Activity At the Convention There is much to be said about the California Republican Partys Fall Convention held in downtown Los Angeles last weekend. Presidential candidates and a straw poll, great workshops and townhalls, tributes, speeches and more. The better part of a thousand GOP activists, donors and leaders descended on the L.A. Live! Marriott-Ritz hotel, across from the Staples Center (we were the pre-show for the Emmy Awards, I guess). This column, however, is devoted to only one aspect of the convention the ongoing process of the quadrennial adoption of the...
  • California GOP committee blocks more moderate platform

    09/18/2011 7:39:44 PM PDT · by SmithL · 14 replies · 1+ views
    SacBee: Capitol Alert ^ | 9/18/11 | Torey Van Oot
    A push to adopt a more moderate California Republican Party platform was was defeated in the final hours of the party's fall convention in Los Angeles today. The proposed language, which downplayed traditional GOP positions on gun rights, abortion and same-sex marriage, had come under fire from conservatives. Supporters had argued that the changes emphasized jobs and the economy and presented the party's issue stances in a way that would appeal to more voters. The plan, backed by wealthy GOP donor Charles T. Munger Jr., failed to win approval from the CRP Platform Committee Sunday afternoon. The committee instead approved...
  • Buffett's Partner: 'It's Over' for U.S. Economy

    Buffett's Partner: 'It's Over' for U.S. Economy Monday, 22 Feb 2010 11:42 AM By: Dan Weil Charlie Munger, Warren Buffetts longtime business partner in Berkshire Hathaway, warns in a new column that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning. In an article penned for, Munger uses the form of a parable to explain how Wall Streets love affair with gambling has destroyed Americas Main Street. The article leads with this headline: Basically, Its Over. The Berkshire Hathaway vice chairman describes the economic history of Basicland, which happens to match U.S....
  • CNN Bozo Accidentally Outs His Source; Palins Threaten Legal Action On Divorce Smear

    08/02/2009 8:18:27 PM PDT · by Behind Liberal Lines · 339 replies · 20,668+ views
    American Spectator ^ | 8.2.09 @ 8:53PM | By Robert Stacy McCain
    An attorney for Sarah Palin has delivered a letter threatening legal action against an anti-Palin blogger who was the source of a divorce rumor that the attorney for the former Alaska governor called "categorically false." Publication of the letter at a Web site that repeated the rumor has uncovered circumstantial evidence that the anti-Palin blogger "Gryphen" is a kindergarten teacher at an Anchorage elementary school.... CNN stringer/anti-Palin blogger Dennis Zaki published ... a copy of a letter from Palin attorney Thomas Van Flein, ordering "Gryphen" to retract the allegations -- calling them "complete fabrications, false and defamatory" -- or face...
  • Charlie Munger's Thoughts on Just About Everything

    05/08/2009 11:40:04 AM PDT · by MAD-AS-HELL · 3 replies · 456+ views
    Those who have attended the Berkshire Hathaway (NYSE: BRK-A) shareholder meeting know Charlie Munger as a man who chimes in with "I have nothing to add" to at least three-quarters of questions asked to his longtime business partner, Warren Buffett. The Wesco Financial -- where Munger is chairman -- shareholder meeting is a completely different story. Free from the overwhelming spotlight cast on Buffett, Munger spends a few hours every year sharing his thoughts and opinions on, well, just about everything. Below is a summary of my notes from Munger's three-hour meeting in Pasadena, lightly edited for clarity.
  • The Best of Charlie Munger

    05/21/2002 3:02:44 PM PDT · by arete · 5 replies · 637+ views
    Motley Fool ^ | 5/15/02 | Whitney Tilson
    Charlie Munger, who runs Wesco Financial, is the famed right-hand man of Warren Buffett. He is also a master investor in his own right. At Wesco's annual meeting a week ago, he shared his always-blunt opinions on Berkshire Hathaway, the scandalous ethics in the accounting, law, and investment banking professions, and more. Warren Buffett is generally acknowledged to be the greatest investor ever -- one of the reasons why 13,000 people flocked to the recent annual meeting of his investment vehicle, Berkshire Hathaway (NYSE: BRK.A). But closely following Buffett are a handful of other legendary investors, including his long-time partner,...