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Republicans gather this weekend in Los Angeles for the country club coronation of Arnold Schwarzenegger. Will any notice that the former Mr. Universe emperor still has no clothes on? The more one examines the Schwarzenegger campaign, the more nakedly liberal it appears. It appears that the circle of liberal advisers around Schwarzenegger is not contracting but growing wider by the day. Robert Kennedy Jr., a wild-eyed left-wing environmentalist, is "advising him on strategy," reported the Los Angeles Times this week in a piece entitled "Schwarzenegger is the GOP's Green Candidate." Even the Times can put two and two together, observing...

Republicans gather this weekend in Los Angeles for the country club coronation of Arnold Schwarzenegger. Will any notice that the former Mr. Universe emperor still has no clothes on? The more one examines the Schwarzenegger campaign, the more nakedly liberal it appears. It appears that the circle of liberal advisers around Schwarzenegger is not contracting but growing wider by the day. Robert Kennedy Jr., a wild-eyed left-wing environmentalist, is "advising him on strategy," reported the Los Angeles Times this week in a piece entitled "Schwarzenegger is the GOP's Green Candidate." Even the Times can put two and two together, observing...

WASHINGTON (AP) -- Gov. Arnold Schwarzenegger emerged from meetings at the White House and the Capitol Monday predicting he would get "a lot" more federal money for California, but citing no specific commitments. The governor met in a group with President Bush and one-on-one with Sen. Ted Stevens, R-Alaska, chairman of the Senate Appropriations Committee. He said afterward he expects the money to come. "I expect to get a lot of it simply because, you know, I'm very persuasive and I'm like, you know, a tick that hangs on it and will not let go until I get what I...

Targeting State's Proposition 13 Is Unlikely Republican Stance Warren Buffett, the billionaire financial adviser to Arnold Schwarzenegger's campaign for California governor, strongly suggested in an interview that the state's property taxes need to be higher. Mr. Buffett, the chairman of Berkshire Hathaway Inc., took on California's famous Proposition 13, which has limited property taxes there since 1978. As an example, he pointed out the difference between his own property-tax bills for homes he owns in California and Nebraska. His home in Omaha, he said, is valued at roughly $500,000. His current yearly property tax bill on that home: $14,401. In...

I suppose I took an interest in Warren Buffet when my wife discovered, courtesy of a newspaper account in the mid 1980s, that a college friend of mine was the son of Warren's Vice Chairman, Charlie Munger. Up to that point, he seemed to be essentially what the media portrayed him to be: a fantasticly successful investor with a home-spun wit. His sinister side, of course, came out this week with his proposition 13 comments, and it brought to mind the other public part of his life, unrelated to investing and finance. He apparently gives very little to charity and...

By Warren E. Buffett, FORTUNE I'm about to deliver a warning regarding the U.S. trade deficit and also suggest a remedy for the problem. But first I need to mention two reasons you might want to be skeptical about what I say. To begin, my forecasting record with respect to macroeconomics is far from inspiring. For example, over the past two decades I was excessively fearful of inflation. More to the point at hand, I started way back in 1987 to publicly worry about our mounting trade deficits -- and, as you know, we've not only survived but also thrived....

By John Berlau © 2004 Insight/News World Communications Inc. Though President Bush constantly is criticized and attacked by Democratic partisans for pursuing policies that benefit "the wealthy," why are so many of what would be considered America's superrich his political opponents? In addition to the Hollywood mega-elite, which since the death of Sam Goldwyn have opposed the GOP mainly for cultural reasons, billionaire businessmen have stepped forward calling for the defeat of Bush or his policies. Most prominent has been speculator George Soros, who has pledged to raise $75 million to defeat Bush, given millions to Democratic Bush-bashing groups such...

Sen. John Kerry recruited two famous businessmen to what The New York Times described as his "motley team" of economic advisers. Kerry turned to Steve Jobs of Apple Computer and Warren Buffet of Berkshire Hathaway. (When Kerry said he was fighting for Jobs, we didn't realize he meant Steve). Buffett is the second wealthiest man in the world. Steve Jobs just received America's second largest executive pay package. Both are amazingly talented at what they do. But what they do not do is economics. Until now, nobody imagined Steve Jobs had any interest in economics. Buffett, on the other hand,...

The following is an edited and approximate transcript of their remarks. On real estate Buffett: "A lot of the psychological well being of the American public comes from how well they've done with their house over the years. If indeed there's been a bubble, and it's pricked at some point, the net effect on Berkshire might well be positive [because the company's financial strength would allow it to buy real-estate-related businesses at bargain prices].... "Certainly at the high end of the real estate market in some areas, you've seen extraordinary movement.... People go crazy in economics periodically, in all kinds...

The world's two richest men have both lost a slice of their fortunes this year betting against the dollar. Microsoft's Bill Gates said with fulminating certainty in Davos last January that it was time to "short" the greenback. "The ol' dollar is going down. It is a bit scary. We're in uncharted territory when the world's reserve currency has so much outstanding debt," he said. His friend Warren Buffet kept pace, switching $22billion (£13billion) of Berkshire Hathaway funds into foreign currencies. He said it pained him as an American, and broke the habits of a life-time. But a country living...

Buffet: We're here for the long haul "If it gives Israel a shot in the arm, that's great," he tells Post. While strategists continued to project good things for Israel Tuesday in the wake of Warren Buffett's $4 billion investment in Iscar Ltd., the man at the center of the euphoria was thrilled to have found a place in the country. "We're going to be in Israel way beyond my lifetime," the chief executive officer of Berkshire Hathaway Inc. told The Jerusalem Post in a telephone interview late Monday night from the company's Omaha, Nebraska headquarters. "There was enormous enthusiasm...

Warren Buffett's new philanthropic alliance with fellow billionaire Bill Gates won widespread praise this week, but anti-abortion activists did not join in, instead assailing the two donors for their longtime support of Planned Parenthood and international birth-control programs. The Bill and Melinda Gates Foundation, to which Buffett has pledged the bulk of his $44-billion fortune, devotes the vast majority of its funding to combating disease and poverty in developing countries. Less than 1 percent has gone to Planned Parenthood over the years. "The merger of Gates and Buffett may spell doom for the families of the developing world," said the...

BUFFETT: NUKE TERRORIST ATTACK 'WILL HAPPEN... VIRTUALLY A CERTAINTY'...

On FoxNews a little while ago, they showed a video clip of Warren Buffet speaking at what looked like a Hillary campaign fundraiser. I can't find the video on Fox's site, YouTube, or Google video, so it seems like it isn't up yet. From memory it went like this: Buffet: My idea is that you make a company so good that even an idiot can run it, because you know that one day an idiot will end up running it! (Audience laughter) Buffet: Kind of like this country, where even an idiot can run it, and is... (LOUD cackling from...

OMAHA, Neb. - A man with camouflage paint on his face and a fake gun tried to break into to billionaire Warren Buffett's house but fled after a scuffle with a security guard, police said Thursday. Buffett's wife, Astrid, summoned the guard after the doorbell rang shortly after 10 p.m. Wednesday, police said. The security guard found the man, dressed all in black, on the home's front porch and confronted him, police said. The man struck the guard on the head, then fled and remained at large Thursday. Neither Buffett, who was home at the time, nor his wife was...

Bear Stearns, its shares and reputation beaten down after the collapse of two hedge funds, is in serious talks to sell as much as 20 percent of the firm, with several individual investors, including Warren E. Buffett, expressing an interest, people briefed on the discussions said today. Other investors who have expressed an interest in buying a minority stake include the Bank of America, Wachovia and two Chinese institutions — the Citic Group and China Construction Bank, these people said. Such expressions of interest will help bolster Bear and its chief executive, James E. Cayne, who has struggled to restore...

Buffett may be brilliant when it comes to picking stocks but in the field of economics he is a blithering buffoon. I have no way of knowing why Buffett has attached his colours to the Democrats, a party whose policies can be summed up in three slogans: raise taxes, raise government spending, regulate the economy. And keep on doing it until the economy sinks into stagnation, at which point they can blame everyone but themselves. (I know that the Republicans’ spending record has been dismal, but at lease most of them can be made to see the light. This is...

<p>George Soros, Al Gore, Warren Buffet, Maurice StrongThe Democrat-loving mainstream media is missing the boat on Warren Buffet’s take of America’s economic meltdown as …”a sort of economic Pearl Harbor we’re going through.”</p> <p>That being the case, then surely the first question should be: “Who is attacking the U.S.?”</p>

Washington, DC -- During the third and final presidential debate last week, Barack Obama mentioned investment guru Warren Buffet as a financial advisor. Obama called Buffet a "my friend and supporter," but failed to mention Buffet has given millions of dollars to pro-abortion groups.

Market turmoil gets Barack Obama elected. He knows this and more importantly, so do his supporters. A survey released by Prince and Associates, shows that 75% of voters worth $1 million to $10 million are favoring John McCain, but of those voters worth more than $30 million, two-thirds support Obama. It's no secret that the majority of uber rich individuals despise the current administration and are willing to do whatever they can to get new blood into the White House; even if it comes under conditions of an economic collapse. These Obama billionaires, led by famed market manipulator George Soros,...