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Warren Buffett is a philanthropist whose billions have been funneled to pro-abortion organizations for decades, including many behind the expansion of the abortion pill. While some of this is well-known among pro-lifers, what is less known is that Buffett was also instrumental in creating a “church” as a front for referring women for illegal abortions prior to Roe v. Wade — a “church” that eventually merged into Planned Parenthood Los Angeles. Warren Buffett’s abortion pill philanthropy Warren Buffett’s Susan Thompson Buffett Foundation was among the original investors in Danco Laboratories, the U.S. abortion pill manufacturer. In addition, the Washington Post...

Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice chairman and Warren Buffett's right-hand man and friend of nearly six decades, died on Tuesday in California, the company announced. He was 99. Together, Buffett and Munger built Berkshire Hathaway (BRK-A, BRK-B) into one of the most successful and long-lasting business partnerships that enthralled millions worldwide. In a statement on Tuesday, Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation." Berkshire, originally a textile manufacturer, has grown into a multinational conglomerate that wholly owns popular brands like Dairy Queen and Fruit...

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Somehow, Warren Buffett believes that the federal government should cover all depositors, no matter how rich they are, even though the FDIC specifically states that it covers only $250,000, and that is what it charges insurance premiums on. Underwriting risks seems to be a foreign concept to Buffett. Warren Buffett said Saturday that it would have been "catastrophic" to let any Silicon Valley Bank depositors lose their money when regulators seized the troubled California lender.The fall of Silicon Valley Bank on March 10 triggered panic across the financial system. In a bid to restore calm, US officials made the controversial...

World trade is truly global and interconnected. Perhaps the chip industry exemplifies this most. Apple sells phones around the world that rely on manufacturing by TSMC who is in turn supplied by a Dutch company few investors know anything about. And it’s that little-known Dutch company that quite possibly triggered Warren Buffett to make a huge purchase in its most recent quarter. You’re about to discovery why.Back Up a SecondLet’s back up a moment and examine what happened. In its latest 13F filing, Warren Buffett announced that his holding company Berkshire had initiated a new position in TSMC, the world’s...

Imagine a stack of $1 bills that reaches nearly 3,000 miles into the sky. That’s how high $44 billion would be. And it’s a pretty good picture of how much money Warren Buffett’s Berkshire Hathaway (BRK.A 1.35%) (BRK.B 1.26%) lost in the second quarter of 2022.How did one of the biggest companies on the planet led by one of the most successful investors of all time lose that much money? It was surprisingly easy to do.Only on paperLet’s first be clear on one important point: Berkshire’s loss was only on paper. The company’s businesses generated Q2 revenue of nearly $76.2...

Ahead of this quarter’s 13F filing from Warren Buffett’s Berkshire Hathaway, we already knew it was going to be far less exciting than the last one we got. As the company recently reported, Berskhire racked up $3.8 billion in net stock purchases in the second quarter, far short of the $41 billion it bought up in the first quarter of this year (it also spent far less on stock buybacks during Q2).Additionally, some of the positions that aren't being disclosed today include the company’s stake in Occidental Petroleum, even though we already are aware of these thanks to recent filings....

After a tumultuous week of violent lurches higher (but mostly lower), the S&P 500 has ended April with its worst start to a year since the start of World War 2...Vacation bookings are soaring, car sales are booming and Americans continue to spend with abandon, thanks to higher wages and brisk hiring; and yet, the economy unexpectedly contracted in the first quarter, led by trade deficits and a drop in inventory purchases.“The market is worried about a very fragile economic outlook, as it should be," said Joe LaVorgna, chief Americas economist at Natixis and former Trump White House economic adviser.“The...

In early March, Tucker Carlson invited Iowa Corn and soybean farmer Ben Riensche on his top-rated program to discuss the massive inflation we are about to see in food prices here at home. According to Rienshe, grocery prices may increase up to $1,000 per month due to Russia’s sanctions on fertilizer. ... “It’s embarrassing how little most people know about fertilizer, what it means, tell us the implications of this sanction?” Carlson asked. .... Soaring fertilizer prices are likely to spike food prices,” Riensche said. “If you’re upset that gas is up a dollar or two a gallon, wait until...

Charles Munger, Vice Chairman of Warren Buffet’s Berkshire Hathaway, has suggested the U.S. needs to act more like the Chinese Communist Party when it comes to banking. In an interview on Wednesday, the 97-year-old billionaire claimed American free enterprise led to mass suffering from the 2008 crash. When asked about the mysterious disappearance of Alibaba CEO Jack Ma as an issue with Chinese economics, Munger doubled down on his pro CCP rhetoric. “Well yes, but Jack Ma’s one of the swingers. So they just cut his, they said to hell with you,” he expressed. “He basically gave a speech when...

A next-generation nuclear power reactor that could bolster the nation’s transition to low-carbon energy will be built on the site of a retiring coal plant in Wyoming. Wyoming Gov. Mark Gordon (R) on Wednesday announced the state will house a Natrium reactor pilot project in partnership with nuclear reactor design company TerraPower, power company PacifiCorp and the U.S. Department of Energy (DOE). TerraPower was founded by Bill Gates about 15 years ago, and PacifiCorp is owned by Warren Buffet’s Berkshire Hathaway. The project will feature a sodium-cooled fast reactor with a molten salt-based energy storage system capable of producing 345...

Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. Canada is battling against the state of Michigan to keep the cross-border pipeline open as calls to enhance the joint response to climate change ... It is important to remember that the U.S. relies heavily on Canada for much of its crude oil imports, consuming around 3.7 million barrels per day, or about 80 percent of Canada's crude output. Line 5 is supposed to close by May 13, ... The pipeline currently provides energy...

The list includes 2,755 billionaires — 660 more than last year, including 493 people who are new to the list. The No. 1 spot went to Jeff Bezos, whom Forbes says has a net worth of $177 billion, making him the world's richest for the fourth year running. Eight of the top 10 billionaires are from the U.S. — including Microsoft's Bill Gates (No. 4); Facebook's Mark Zuckerberg (5); Berkshire Hathaway's Warren Buffet (6); Oracle's Larry Ellison (7); and Google's Larry Page (8) and Sergey Brin (9).

Democrats are coming up with all sorts of schemes to transfer money from the private sector to the government. Their aim is to have more power and money. They truly do not care how many jobs and businesses they destroy in the process. The newest suggestion is to lower the amount of wealth that can be transferred from one generation to another, from around $11 million currently to one million. It's a horrible idea. This will cause people who inherit small businesses or farms, that have been built up over generations, to liquidate or leverage up to pay the government...

Warren Buffett’s famed stock portfolio has grown to a market value of $281.17 billion at the end of 2020, with a cumulative actual price for the entire portfolio of $108.62 billion. Last year, Berkshire earned $4.9 billion in realized capital gains and $26.7 billion in net unrealized gains from its stock holdings. In Buffett’s annual letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders, the renowned stock picker shared the 15 common stocks that had the largest market value at the end of 2020. Berkshire owns large stakes in companies like AbbVie (ABBV), American Express (AXP), Apple (AAPL), Bank of America (BAC),...

If President Trump had been colluding with Russia, the first thing he would have done would have been to cancel the Keystone XL pipeline and otherwise prevent our achieving energy independence. Russia was once described as being a gas station masquerading as a country. Its only commodities of value are weapons and oil. Building Keystone XL and unleashing fracking was Trump’s way of screwing with Putin’s ambitions, not rewarding them. We would have to wait for Joe Biden to collude with Russia on energy by banning Keystone XL and declaring war on fracking. As Helen Raleigh, writing in The Federalist,...

If President Trump had been colluding with Russia, the first thing he would have done would have been to cancel the Keystone XL pipeline and otherwise prevent our achieving energy independence. Russia was once described as being a gas station masquerading as a country. Its only commodities of value are weapons and oil. Building Keystone XL and unleashing fracking was Trump’s way of screwing with Putin’s ambitions, ot rewarding them. We would have to wait for Joe Biden to collude with Russia on energy by banning Keystone XL and declaring war on fracking. As Helen Raleigh, writing in The Federalist,...

Home | America Tags: Biden Administration | Climate Change | Global Warming | Joe Biden | Keystone XL Pipeline | gina mccarthy | jobs Climate Adviser: We're Not Asking for 'Sacrifice' With Job Losses (C-SPAN) By Charlie McCarthy | Wednesday, 27 January 2021 05:20 PM Short URL| Email Article| Comment| Contact| Print| A A Copy Shortlink The Biden administration appears to be sending a mixed message regarding the shutting down of the Keystone XL Pipeline. Gina McCarthy, national climate adviser to President Joe Biden, said Wednesday the administration was "not asking for sacrifice" with an executive order halting construction of...

Warren Buffett once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.” The take-away: Load up on what you know. Even if it’s a tech stock, apparently. A recent peek into Buffett’s Berkshire Hathaway BRK.A, BRK.B, $214 billion portfolio underscores that the Oracle of Omaha is following his own advice, considering how much stock Berkshire has accumulated in Apple AAPL. Buffett, thanks to Apple’s stellar run, now owns more than $91 billion’s worth of the iPhone maker, which constitutes 43% of the total Berkshire pie, according to figures cited by the...

A 95% plunge in passengers. Billions in losses. A rush for new debt. A recovery that executives expect to take years. Coronavirus is roiling the airline industry and the Oracle of Omaha has seen enough. Warren Buffett told investors Saturday that Berkshire Hathaway has sold its entire stakes in the four largest U.S. airlines — American, Delta, Southwest, United — as the pandemic upends another bet on the sector that the famed investor had shunned for years before a surprise return in 2016. “And it turned out I was wrong about that business because of something that was not in...