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Keyword: warrenbuffett

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  • Warren Buffett warns coronavirus will affect business, but he 'certainly won’t be selling' stocks

    02/24/2020 8:56:06 AM PST · by DEPcom · 5 replies
    Yahoo Finance ^ | 2-24-2020 | Sam Ro
    Warren Buffett warns coronavirus will affect business, but he 'certainly won’t be selling' stocks
  • The Buffalo News and 30 other newspapers have been sold

    01/29/2020 10:18:31 AM PST · by yesthatjallen · 26 replies ^ | 01 29 2020 | Sunny Hernandez
    Founded in 1881, The Buffalo News will have its third owner in its nearly 140-year history, thanks to a sale to Lee Enterprises. Spectrum News reports that the sale, for $140 million in cash, includes the Berkshire Hathaway Media Group publications with print and digital operations of 30 daily newspapers and more than 49 paid weekly publications and 32 other print products. Lee has managed the BH Media Group since the summer of 2018. For The Buffalo News, the sale announced Wednesday morning signals the end of a 40-year ownership by Warren Buffett. Lee Enterprises will be the third owner...
  • A $1 Billion Solar Plant Was Obsolete Before It Ever Went Online (costing taxpayers $737 million)

    01/07/2020 8:57:09 AM PST · by karpov · 22 replies
    Bloomberg Businessweek | January 6, 2020 | Chris Martin and Nick Querolo
    No excerpt from Bloomberg allowed, story here. Another article, ungated: This $1 billion solar plant was obsolete before it ever went online. The article says taxpayers are liable for $737 million in loan guarantees. The waste in a Green New Deal could be in the trillions.
  • The Nevada Crescent Dunes Thermal Solar Plant: Another Expensive Solar Scheme Bites the Dust

    01/08/2020 6:46:38 AM PST · by SeekAndFind · 29 replies
    American Thinker ^ | 01/08/2020 | Norman Rogers
    The purveyors of solar energy are working overtime to spin the now official failure of the Crescent Dunes thermal solar plant in central Nevada. The contracts to purchase the electricity from the constantly broken plant will be voided. Bloomberg Businessweek claims that Crescent Dunes was obsoleted by technological advances in the form of photovoltaic based solar plants. That is nonsense and misses the whole point of the Crescent Dunes project. It also misses the reality that all utility-scale solar is a failure — not marginal, not growing into being practical, but a total and complete failure. The scalable forms of...
  • Warren Buffett Laments SJW Companies: ‘This Is the Shareholders’ Money’

    01/02/2020 10:41:26 PM PST · by aquila48 · 37 replies
    Money&Markets ^ | Jan 2, 2020 | JT Crowe
    "Legendary investor and Berkshire Hathaway founder and CEO Warren Buffett said it’s high time companies stop acting as moral arbiters, social activists and SJWs — social justice warriors — and instead focus their efforts on their primary responsibility: making money for their shareholders. This comes alongside the announcement that Berkshire Hathaway is pouring about $30 billion into wind turbines and infrastructure in Iowa. The plan, according to Buffett, is to turn the state into “the wind capital of the world, the Saudi Arabia of wind.” Among the corporate consensus these days is a call to be “doing well by doing...

    12/19/2019 10:44:06 AM PST · by DFG · 19 replies
    Powerline ^ | 12/19/2019 | JOHN HINDERAKER
    In western Massachusetts, a group of a dozen or so climate activists tried to stop a trainload of coal heading for a power plant in New Hampshire…by standing on the railroad tracks in front of the train. Evidently they thought the train could, and would, screech to a halt. This short video is dark and doesn’t show much, but it conveys some sense of why this was a poor idea:
  • Fiona Hill says that she heard Putin describe American fracking as a 'great threat' to Russia

    11/21/2019 1:35:10 PM PST · by MassMinuteman · 36 replies
    Washington Examiner ^ | Philip Klein
    Former National Security Council official and Russia expert Fiona Hill on Thursday testified that she heard Russian President Vladimir Putin at a 2011 conference describe American fracking as a "great threat" to Russia, a position he has emphasized ever since. The recollection came out at a point in the impeachment hearing when Rep. Mike Conaway of Texas was asking Hill about Putin's propaganda efforts in the United States, at the center of which is the television channel RT, which pushes anti-fracking messaging. Hill agreed that Russia saw the growth of U.S. fracking as a threat given that it undermines Russia's...
  • Gov. Newsom calls for Warren Buffett to buy PG&E as widespread power shutoffs continue

    10/28/2019 7:05:23 AM PDT · by outpostinmass2 · 67 replies
    Sacromento Bee ^ | 10/27/19 | Hana Wiley and Dale Kasler
    Calls to transition the troubled Pacific Gas and Electric Co. into a public utility intensified Sunday, as nearly 1 million customers lost power throughout California and the Kincade Fire blazed through Sonoma County. A day earlier, Gov. Gavin Newsom told Bloomberg he would encourage Warren Buffett’s Berkshire Hathaway to make a bid for PG&E. “We would love to see that interest materialize, in a more proactive, public effort,” he said Saturday. Berkshire Hathaway’s energy subsidiary is heavily invested in the utility business, in California and elsewhere. It owns multiple solar farms, including a 550-megawatt facility in San Luis Obispo County...
  • Rising California Gasoline Prices Highlight Growing Divide in U.S.

    10/24/2019 6:12:49 AM PDT · by karpov · 33 replies
    Wall Street Journal ^ | October 23, 2019 | Amrith Ramkumar
    The price at the pump was more than $4 a gallon in Vista, Calif., when Scott Hissem recently embarked on a trip to Texas to celebrate his 40th birthday. When the delivery associate for Inc. arrived in the Lone Star state, he got an unexpected present: Gasoline cost just $2 and change. The gap has Mr. Hissem considering a move to escape California’s high cost of living. “It makes life hard,” Mr. Hissem said of California, which is the most populous U.S. state and the one with the highest gasoline prices. “You can’t go out and do the things...
  • Gov. Gavin Newsom wants investigation of state's high gas prices

    10/22/2019 2:55:11 PM PDT · by tcrlaf · 43 replies
    ABC7 ^ | 10-22-2019 | AP
    California's governor has asked the attorney general to investigate why the state's gas prices are so high, pointing to a new report suggesting big oil companies are "misleading and overcharging customers" by as much as $1 per gallon. Name brand retailers - including 76, Chevron and Shell - often charge more because they say their gasoline is of higher quality. But a new analysis from the California Energy Commission could not explain the price difference, concluding "there is no apparent difference in the quality of gasoline at retail outlets in the state." The commission said California drivers paid an average...
  • Warren Buffett’s Charities Are Making Him Richer by Funding Shady Attacks on Berkshire.. Competitors

    09/17/2019 10:34:15 PM PDT · by george76 · 10 replies
    PJ Media ^ | SEPTEMBER 16, 2019 | DREW JOHNSON
    last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer. ... Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line. In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings. ... In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation.. ... Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It...
  • Billionaires Are Behind Efforts to Slow America’s Energy Infrastructure

    07/20/2019 8:54:47 AM PDT · by Kaslin · 4 replies ^ | July 20, 2019 | Jesse Grady
    Summer travel season is officially underway. For many Americans that means road trips in the car or heading to the nearest airport to catch a flight. According to AAA, nearly 50 million Americans had plans to travel for Independence Day, and with several weeks until Labor Day the number of travelers is likely to remain high. Whether it’s a road trip or plane ride, travel during this time of year is a great reminder of how North American energy helps make efficient and easy travel possible for so many of us. Having reliable sources of safe, affordable energy sources here in...
  • MacKenzie Bezos, worth nearly $37 billion, will give half her fortune to charity

    05/28/2019 7:52:00 AM PDT · by EdnaMode · 38 replies
    CNN Business ^ | May 28, 2019 | Ivana Kottasová
    MacKenzie Bezos has promised to give at least half of her fortune to charity, just months after finalizing her divorce from the world's richest man. The newly minted billionaire has signed the Giving Pledge, which encourages the world's richest people to dedicate a majority of their wealth to charitable causes, either during their lifetimes or in their wills. The initiative was launched by Warren Buffett and Bill and Melinda Gates in 2010 and has so far attracted the support of 204 individuals and families. MacKenzie Bezos became one of the richest people in the world following her divorce from Amazon...
  • Who Are the Rich, White Men Institutionalizing Transgender Ideology?

    04/11/2019 3:50:13 PM PDT · by Drew68 · 36 replies
    The Federalist ^ | 2/20/2018 | Jennifer Bilek
    Exceedingly rich, white men (and women) who invest in biomedical companies are funding myriad transgender organizations whose agenda will make them gobs of money. As an environmental activist who was deplatformed from a speaking venue by transactivists, in 2013 I developed curiosity about the power of this group to force this development. A year later, when Time magazine announced a transgender tipping point on its cover, I had already begun to examine the money behind the transgender project. I have watched as all-women’s safe spaces, universities, and sports opened their doors to any man who chose to identify as a...
  • No one asks the top CEOs where they went to college (very good article)

    03/14/2019 9:24:15 PM PDT · by Beave Meister · 42 replies
    Chicago ^ | 3/14/2019 | JOE NOCERA
    The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...
  • Buffett son spends millions to boost border security in rural Arizona, report says

    01/14/2019 7:16:25 AM PST · by rktman · 16 replies ^ | 1/12/2019 | Paulina Dedaj
    Howard Buffett, Warren’s oldest son, has become a crusader at the border, using his organizations and wealth to boost security efforts of local authorities and volunteer groups, according to a recent report. While his interest in border security may seem odd, a closer look at the 64-year-old billionaire and philanthropist reveals he’s no stranger to the issue. Buffett owns a ranch in Cochise County, Arizona, that sits just 300 yards from the U.S.-Mexico border. In addition, a report by The Phoenix New Times indicated a close relationship between Buffett and law enforcement, with the former reportedly gifting $30 million to...
  • Warren Buffett says bitcoin is 'probably rat poison squared'

    05/07/2018 5:08:45 PM PDT · by NRx · 59 replies
    CNBC ^ | 05-05-2018 |
    Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC's Becky Quick. Bitcoin is "probably rat poison squared," he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia." In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come...
  • Did Calif. Municipalities Suing Energy Companies Over Climate Commit Securities Fraud?

    03/25/2018 6:17:31 PM PDT · by ameribbean expat · 15 replies
    The Wall Street Journal reports that ExxonMobil petitioned the court yesterday to allow it to depose and obtain documents from public officials involved in the various climate change lawsuits recently brought by several California communities against the energy industry, as well as #ExxonKnew campaigner Matt Pawa, who is representing San Francisco and Oakland in their lawsuits. The legal filing accuses the communities of either exaggerating the risks of climate change in their lawsuits against energy companies or downplaying the risks of climate change when issuing municipal bonds to investors. Although the plaintiffs claimed in their lawsuits that climate change poses...
  • The Harvest is ready now [charismatic caucus]

    02/25/2018 8:22:06 AM PST · by Jedediah · 6 replies
    The time to plow is over for the seeds are bearing fruit for I have gone before you as David in the Valley of Breakthrough . So speak and declare My Words of Righteousness given to all those that believe on Me for "Truly" The Harvest is ready to be brought into the Storehouse That is , "My Kingdom on Earth as it is in Heaven" for "Truly" You "ARE " My Keepers of My Love and ONE True Light EMMANUEL ( God with us ) JOHN 4:34-38 34 Jesus said to them, “My food is to do the will...
  • The Race to Save Lehman Brothers ("Too Big to Fail")

    10/21/2009 12:31:38 AM PDT · by CutePuppy · 3 replies · 566+ views
    CNBC / NYTimes ^ | October 20, 2009 | Andrew Ross Sorkin
    In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.Adapted from "Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — And Themselves." The book, being published Tuesday by...