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Keyword: warrenbuffett

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  • Warren Buffett responds to Donald Trump's tax comments

    10/10/2016 5:55:05 PM PDT · by Olog-hai · 70 replies
    Associated Press ^ | Oct 10, 2016 1:58 PM EDT | Josh Funk
    Investor Warren Buffett says he’s never used the kind of tax deduction that Republican presidential candidate Donald Trump did, and Buffett says he’s paid taxes every year for 72 years. […] Buffett released details of his own taxes and reiterated his call for Trump to release his tax returns. The investor is a longtime supporter of Democratic candidate Hillary Clinton. …
  • Senators Call For ... Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

    09/22/2016 4:48:03 PM PDT · by Rusty0604 · 11 replies
    Zerohedge ^ | 09/22/2016 | Tyler Durden
    That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards Act. To be sure, now would be a perfect time for Wells Fargo's biggest shareholder, Warren Buffett - who owns a 10% stake in WFC - to speak up in defense of his favorite US bank, alas that won't happen....
  • Berkshire is accused in NY lawsuit of workers' comp 'siphoning'

    09/12/2016 2:22:11 PM PDT · by george76 · 4 replies
    Reuters ^ | Sep 12, 2016 | Jonathan Stempel
    Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of "siphoning" premiums through a web of illegal shell companies, with diverted premiums going to unlicensed out-of-state insurers. The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable...
  • Twin Falls Newspaper Financed by Globalist Warren Buffett Attacks Breitbart

    08/25/2016 4:39:44 PM PDT · by george76 · 9 replies
    Breitbart ^ | 25 Aug 2016 | Michael Patrick Leahy
    The daily paper, which operates as, in effect, a local monopoly in the small southern Idaho city at the center of a sexual assault of a 5 -year-old American-born girl involving three Muslim refugee boys, is owned by Lee Enterprises, which received a $2.1 million loan in 2012 and another $9 million loan in 2013 from a subsidiary of Berkshire Hathaway, the conglomerate controlled by globalist billionaire Warren Buffett, an ardent supporter who endorsed Hillary Clinton in December. ... The Twin Falls Times-News op-ed generated a number of comments from local readers, some backing the paper’s reporting as “objective,” but...
  • The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America

    08/05/2016 9:03:38 PM PDT · by ameribbean expat · 16 replies
    During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened over that three-decade span. Well, according to Forbes, Warren Buffett’s net worth was $2.1 billion back in 1987 and it is now about $73 billion. Call that 35X. *** Further down the Greenspan era rabbit hole, we have the average weekly wage of full-time workers in inflation adjusted dollars. In constant 1982 dollars that was $330 per week in...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • WATCH: Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 5:17:44 PM PDT · by Beave Meister · 16 replies
    Daily Wire ^ | 5/3/2016 | ROBERT KRAYCHIK
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • Media Outlet Claims Big, Boisterous Crowd At Clinton Rally (pictures are classic!!

    08/02/2016 6:22:32 PM PDT · by cotton1706 · 82 replies ^ | 8/2/16 | Amber Randall
    A reporter from The Washington Post tweeted Monday afternoon a “big, boisterous crowd” attended Democratic presidential nominee Hillary Clinton’s rally, but an Imgur post reveals far fewer people actually attended.
  • God's Love Abounds [Charismatic Caucus]

    08/01/2016 7:52:15 AM PDT · by Jedediah · 2 replies
    My love abounds in the riches of the fruit from My Tree. So come and partake of Me in Mercy and Grace. Bathe yourself in My humility and find Peace in all you do for I AM a Wellspring of knowledge and as you seek MY Face I will adorn you in My manifold Spirit so you to may walk in the fullness of My ways and not lack anymore. Philippians 4:19 19 And my God will liberally supply (fill until full) your every need according to His riches in glory in Christ Jesus.
  • Hillary Clinton Loads Up Omaha Rally With High School Kids – Still Can’t Fill It Up!

    08/01/2016 10:28:55 PM PDT · by Ray76 · 62 replies
    Gateway Pundit ^ | Aug 1, 2016 | Jim Hoft
    Hillary Clinton held a rally today at North High School in Omaha. The gym was half empty when the rally started. She packed the high school gym with high school kids who are too young to vote.
  • AR-15 assault rifle used in Orlando nightclub massacre, other mass shootings [Lie still on web]

    07/05/2016 2:21:43 PM PDT · by SoFloFreeper · 29 replies
    WPLG-TV, owned by Warren Buffett ^ | 6/13/16 | Bob Norman - Investigative Reporter ("investigative" ha ha ha)
    What do the mass shootings at Pulse Orlando, Sandy Hook Elementary, San Bernardino and Aurora have in common? The shooters all chose an AR-15 assault rifle....
  • The Latest: Berkshire investors reject climate change report

    05/01/2016 7:44:23 AM PDT · by rktman · 18 replies ^ | 4/30/2016 | unknown
    Berkshire Hathaway shareholders have overwhelmingly rejected a resolution calling for the company to write a report about the risks climate change creates for its insurance companies. CEO Warren Buffett says he agrees that dealing with climate change is important for society, but he doesn’t think climate change creates serious risks for Berkshire’s insurance businesses. Buffett says the fact that Berkshire generally writes insurance policies for one-year periods allows it to regularly re-evaluate risks, such as climate change. The activists who proposed the motion tried to urge Buffett to take a public stance in favor of measures to reduce consumption of...
  • Bill Gates calls for higher capital gains taxes

    05/02/2016 8:29:17 AM PDT · by DCBryan1 · 75 replies
    CNBC ^ | 02 MAY 16 | Robert Frank | @robtfrank
    Bill Gates said investment gains should be taxed at the same level as ordinary income — a bold call for one of the world's largest investors. Speaking Monday on CNBC's "Squawk Box," Gates said that he's "pleased" that there is more discussion around changing the tax code. When asked what he would alter, Gates sided with his pal Warren Buffett and said he supports raising the earned income tax credit. But Gates also said he would raise the tax rate for capital gains — the largest source of income for the richest Americans. The current top tax rate on capital...
  • Warren Buffett says climate change no risk to Berkshire Hathaway

    02/29/2016 7:45:35 AM PST · by rktman · 9 replies ^ | 2/27/2016 | Stephen Foley
    Warren Buffett has dismissed the possibility that climate change could prove a big risk to Berkshire Hathaway’s insurance business, in a combative annual letter to shareholders. In the letter, released on Saturday, Mr Buffett took on a dissident shareholder who plans to raise global warming at Berkshire’s annual meeting next month, as well as critics of the company’s Clayton Homes mobile homes subsidiary and politicians who paint a gloomy picture of the US economy.
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Buffett Uses Selective Data on Tax Stance

    12/29/2015 6:17:18 AM PST · by george76 · 16 replies
    WSJ ^ | Dec. 28, 2015
    By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates and away from itemized deduction and tax-avoidance regulations. It is interesting to see Warren Buffett using selective data to steer the Hillary Clinton tax plan away from tax reform that would truly unhinge the superwealthy .. By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates...
  • Warren Buffett Said to Join Tony James for Clinton Fundraiser

    12/04/2015 3:54:54 PM PST · by Kid Shelleen · 5 replies
    Bloomberg via Yahoo Finance ^ | 12/03/2015 | Sonali Basak, Devin Banerjee
    Berkshire Hathaway Inc.'s Warren Buffett and Blackstone Group LP's Tony James, two of Hillary Clinton's most high-profile supporters in the world of finance, will gather at a fundraiser in New York this month to support the Democratic Party, according to people familiar with the event. Attendees will pay $33,400 to the Hillary Victory Fund, ---SNIP-- Clinton "has a vision for America that's very similar to mine, in terms of everybody being included in the prosperity we enjoy," Buffett told Bloomberg's David Westin
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • Obama: Keystone would make planet ‘uninhabitable’

    11/09/2015 3:25:13 PM PST · by jazusamo · 93 replies
    The Washington Times ^ | November 9, 2015 | David Boyer
    President Obama said Monday that the Keystone pipeline and other such fossil-fuel development projects would make Earth "uninhabitable." "We've got to lead by example, because ultimately, if we're going to prevent large parts of the Earth from becoming not only inhospitable but uninhabitable, then we're going to have to keep some fossil fuels in the ground rather than burn them," Mr. Obama told cheering grassroots supporters at a gathering in Washington.
  • Here's The Real Reason Obama Killed The Keystone XL Pipeline

    11/09/2015 6:44:45 AM PST · by SeekAndFind · 24 replies
    IBD ^ | 11/09/2015
    President Obama has junked the Keystone XL pipeline. His stated reason: The U.S. needs to lead the "serious action to fight climate change." His real reason is different. 'America," Obama said, is "now a global leader" in the climate war, "and frankly, approving this project would have undercut that global leadership." He insists now is the time to "protect the one planet we've got while we still can." Though his rhetoric will resonate with those who want to hear that sort of bunkum, the rest of us recognize its vast emptiness. Obama's decision Friday was based on nothing more than...
  • Kraft Heinz closing 7 factories, cutting 2,600 jobs [Obamanomics!]

    11/05/2015 9:40:06 AM PST · by Red Badger · 60 replies
    CNBC ^ | 11/04/2015 | Everett Rosenfeld
    Kraft Heinz announced Wednesday that it would be closing seven factories and cutting about 2,600 jobs. The closing factories are in Fullerton, California; San Leandro, California; Federalsburg, Maryland; St. Marys, Ontario, Canada; Campbell, New York; Lehigh Valley, Pennsylvania; and Madison, Wisconsin, Michael Mullen SVP of corporate and government affairs, said in a statement. Over the next 12-24 months, he said, production in those locations will shift to other existing factories in North America. He said the decision to close the factories came after "an extensive review of the Kraft Heinz North American supply chain footprint, capabilities and capacity utilization." Calling...
  • Warren Buffett: 'America's never been greater'

    10/13/2015 5:36:34 PM PDT · by SkyPilot · 51 replies
    CNN ^ | 13 Oct 15 | CNN Staff
    "America's great now -- it's never been greater," Buffett said on Tuesday while speaking at Fortune's Most Powerful Women conference in Washington, D.C. That's almost the exact opposite of Trump's slogan: "Make America Great Again!" The phrase is splashed all over the billionaire businessman's website as well as the red hat he wears on the campaign trail. Trump even recently received a trademark for the "Make America Great Again" phrase. But Buffett, a persistent cheerleader for the U.S. economy, isn't buying into the assumption America isn't great right now. "Our kids are going to live so much better than we...
  • The mystery billionaire giving millions to Planned Parenthood to pay for poor women’s abortions

    10/01/2015 11:56:44 AM PDT · by wagglebee · 36 replies
    LifeSiteNews ^ | 10/1/15 | Abby Johnson
    Sept. 28, 2015 (LifeSiteNews) - Three weeks after I left my job at the clinic, Planned Parenthood took me to court. I am always asked, “Why would they take you to court? Did they have something to hide?” Well, yes. They absolutely had something to hide. They didn’t want me sharing the information in this article. Let’s expose the truth, shall we? Yes, I do realize that releasing this information puts me in a precarious situation. But it’s always better for the truth to be out…no matter the cost. It was life changing. I remember the first time we were...
  • China's Silicon Valley power play

    09/23/2015 9:45:32 AM PDT · by RightGeek · 4 replies
    The Hill ^ | 9/23/15 | Cory Bennett and Katie Bo Williams
    Chinese officials have summoned top American tech executives to Seattle for a forum on Wednesday in a show of force that could make the Obama administration’s standing in Silicon Valley appear weak by comparison. Beijing moved up the date of the annual event to coincide with President Xi Jinping’s U.S. visit and reportedly pressured major Silicon Valley players to send their chief executives to what is normally an annual summit for midlevel management, threatening regulatory scrutiny if they didn’t comply. “It’s not really voluntary,” said Atlantic Council Senior Fellow Jason Healey, a former director of cyber infrastructure protection at the...
  • Another Colorado coal mine to undergo federal environmental review

    09/12/2015 7:46:11 AM PDT · by george76 · 9 replies
    Denver Business Journal ^ | Sep 11, 2015 | Cathy Proctor
    A second northwestern Colorado coal mine will undergo a review of the mine's environmental impact following an agreement reached by the federal government, the mine's owners and WildEarth Guardians.. The agreement between the U.S. Department of Interior’s Office of Surface Mining (OSM), Trapper Mining Inc. and WildEarth Guardians was filed Thursday with the U.S. District Court in Denver. The agreement gives the federal government until the end of April to complete a new review of the mine’s operations. ... Our miners must be allowed to keep working to supply Craig Station with the coal that’s needed to supply the grid...
  • Al Qaeda Mag Urges Attack on Koch Brothers, Buffett, Bloomberg

    09/09/2015 8:05:16 PM PDT · by Jet Jaguar · 20 replies
    NBC ^ | Sept 9, 2015 | ROBERT WINDREM and TRACY CONNOR
    A notorious al Qaeda magazine is encouraging lone-wolf terrorist attacks on U.S. economic leaders, including Bill Gates, Michael Bloomberg and Warren Buffett. The list in Inspire magazine also included industrialist brothers Charles and David Koch, internet entrepreneur Larry Ellison, and casino magnate Sheldon Adelson. A prominent economist was also on the list but asked that his name be withheld. Federal Reserve chairman Ben Bernanke was named, though not Janet Yellen, who succeeded him. Also pictured was Jim Walton, one of the heirs to the Wal-Mart fortune, although he was misidentified in the caption as his late father, Sam Walton. Several...
  • "Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan"

    09/09/2015 11:43:39 AM PDT · by tang-soo · 19 replies
    Zero Hedge ^ | 9/8/2015 | Tyler Durden
    "You want everybody educated to their potential. You want people to reach their potential. That still won't work for some people in a highly developed market system. I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There's just some people don't fit well into a highly skilled market-based economy. They're perfectly decent citizens. We'll send them off to Afghanistan, but they are not...
  • Warren Buffett just disclosed his newest $4.5 billion investment pick

    08/29/2015 7:42:17 AM PDT · by SeekAndFind · 8 replies
    Business Insider ^ | 08/30/2015 | Julia La Roche
    On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX). Buffett now owns 57,975,456 shares, or a 10% stake, in the Texas-based energy company, according to a securities filing posted shortly after 8 p.m. ET. As of Friday's share price close at $77.23, Buffett's stake is valued at more than $4.47 billion. Buffett had been aggressively buying shares of Phillips 66 since Wednesday of this week. Earlier this month, Buffett had indicated in his 13-F filing that he was building a new position.
  • Kraft Heinz Cuts 2,500 Jobs After Merger; No More Free Jell-O Either (Warren Buffett greed)

    08/12/2015 7:06:25 AM PDT · by jimbo123 · 20 replies
    NBC News ^ | 8/12/15 | AP
    Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined. Spokesman Michael Mullen says affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered. The company would not specify where other cuts were taking place but said that all the jobs were salaried. It said none of the job cuts involved factory workers. The Kraft Heinz Co. said it had a total of around 46,600 employees before the...
  • World's Wealthiest Donate Billions Through the 'Giving Pledge'

    05/31/2015 1:20:24 PM PDT · by EveningStar · 20 replies
    ABC News ^ | May 31, 2015 | Ben Siegel
    How do Warren Buffett and Bill Gates convince the world's wealthiest people to give away most of their fortunes? The billionaires have organized the "Giving Pledge,” an initiative launched five years ago to convince others to donate at least half of their wealth to charitable causes around the world.
  • Why Warren Buffett thinks a $15 minimum wage will 'reduce employment in a major way

    05/22/2015 8:27:17 AM PDT · by SeekAndFind · 34 replies
    Wise words from Warren Buffett. The Oracle of Omaha predicts how the rush to sharply raise the minimum wage will end. (Spoiler: badly for the people the policy purports to help.) And Buffett also offers a smart alternative to help low-income workers: In my mind, the country's economic policies should have two main objectives. First, we should wish, in our rich society, for every person who is willing to work to receive income that will provide him or her a decent lifestyle. Second, any plan to do that should not distort our market system, the key element required for growth...
  • WARREN BUFFETT: 'I don't see smiles on the faces of people at Whole Foods'

    05/07/2015 4:36:26 AM PDT · by Hojczyk · 78 replies
    Yahoo Finance ^ | May 6,2015 | Rick Wilking/
    Whole Foods shares are getting crushed after earnings. The company reported record second quarter sales that still were below investors' expectations, and shares were down as much as 10% in after hours trade on Wednesday. This past weekend at the Berkshire Hathaway annual shareholders' meeting this past weekend, CEO Warren Buffett singled out the company, saying that that the customers there simply don't seem like a happy bunch. Here's some more color on what Buffett said, according to Time: "Food and beverage companies will adjust to the expressed preferences of consumers. No company does well ignoring its consumers. "It’s amazing...
  • Massive Fire Rages After Another Buffett-Owned Oiltrain Derails In North Dakota, Town Evacuated

    05/06/2015 3:11:22 PM PDT · by george76 · 36 replies
    Exactly two months after the latest Warren Buffett-owned BNSF train derailed near the spot where the Galena river meets the Mississippi, resulting in a huge fire and the evacuation of all homes in a one mile radius, moments ago another of Buffett's BNSF oil trains derailed, this time near the town of Heimdal, North Dakota, resulting in the same outcome. According to the Bismark Tribune, the town in Wells County was evacuated Tuesday morning after a train full of oil tanker cars derailed and burned about a mile and half east of here. ... For those concerned that these countless...
  • Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft

    03/25/2015 7:34:39 AM PDT · by jimbo123 · 50 replies
    Zero Hedge ^ | 3/25/15 | Tyler Durden
    Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world. And while...
  • Warren Buffett criticizes Keystone XL delay, says U.S. 'thumbing nose' at Canada

    03/02/2015 6:50:21 PM PST · by thackney · 41 replies
    Calgary Herald ^ | 03.01.2015 | ALEXANDER PANETTA
    The Keystone XL pipeline got an emphatic endorsement Monday from a powerful backer of President Barack Obama who questioned the handling of the file. To billionaire investor Warren Buffett, the delay is a thumbing of the nose at Canada. "I would have passed Keystone," Buffett said in an interview with CNBC. "I think that we have an enormous interest in working with Canada, as they have in working with us. That oil is going to get sold. If we make it more difficult for them, who knows how they'll feel about making things more difficult for us someday." Because Buffett...
  • Warren Buffett: 'Keystone Should Be Done'

    02/06/2015 4:57:57 PM PST · by CincyRichieRich · 11 replies
    FoxBusiness ^ | 2-4-15 | Matthew Rocco
    Warren Buffett, the famed investor and Berkshire Hathaway (BRK.A) chief, told the FOX Business Network Wednesday that the Obama administration should approve TransCanada’s (TRP) Keystone XL pipeline. In an exclusive interview with Liz Claman on “Countdown to the Closing Bell,” Buffett said he understands some opposition to the pipeline, which would cross his home state of Nebraska. But when asked if Keystone will be approved, he responded, “I think it should.” “But that's always a problem with pipelines. There’s a lot of the not-in-my-backyard problem, but I think, by and large, Keystone should be done,” Buffett added. The billionaire investor...
  • SOTU Preview: Dress to Kill and Soak the Rich

    01/20/2015 9:43:58 AM PST · by NOBO2012 · 10 replies
    Michelle Obama's Mirror ^ | 1-20-2015 | MOTUS
    You know what they say: the only things you can count on are death and taxes. And with Big Guy’s new plan - scheduled for the big reveal tonight – we get both rolled into WON! That’s right, the retreaded Robin Hood agenda includes new, stiff Grim Reaper taxes. So if you didn’t earn that yourself, you’ll have to share it with who will redistribute it for you: to the poor - and, if there’s any left after we’ve leveled the playing field for America’s least fortunate, the middle class.Our current cute-white-guy-spokes-mouth, “Josh” “Ernest” has been practicing reeling our...
  • Keystone XL pipeline decision back in Obama's lap

    01/10/2015 8:18:34 AM PST · by Brad from Tennessee · 48 replies
    Associated Press via Yahoo News ^ | January 10, 2015 | By Josh Lederman
    WASHINGTON (AP) — Republicans in Congress and a state supreme court have thrown the political hot potato known as Keystone XL straight back onto President Barack Obama's lap. So loath is Obama to making a decision about the proposed oil pipeline that deliberations have entered their sixth year — a period nearly as long as Obama's time in office. He's blamed the seemingly endless delays on bureaucratic formalities and parochial issues in Nebraska, even when skeptics claimed that the politics of the next election were giving the president cold feet. Now the election is over, the Nebraska issue is resolved,...
  • 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.
  • Rising Rail Oil Shipments Beg For Safer Keystone XL

    11/17/2014 9:54:31 AM PST · by raptor22 · 15 replies
    Investor's Business Daily ^ | November 17, 2014 | IBD EDITORIALS
    Energy Transport: New data show fast-rising rail shipments from North Dakota's Bakken shale formation and the need for a safer alternative to rail — like the Keystone XL pipeline. In his post-election press conference, the president noted in justifying his continual kicking of the Keystone XL oil drum down the road that "while this debate about Canadian oil has been raging ... we've seen some of the biggest increases in American oil production and natural gas production in our history." That increase is due in large part to oil recovered from the Bakken shale formation centered on North Dakota. So...
  • 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 Buffett: Tax Inversions Are Bad – Unless I Do Them

    10/03/2014 12:39:26 PM PDT · by Kaslin · 10 replies ^ | October 3, 2014 | Michael Schaus
    Warren Buffett is trying to salvage his liberal credentials in the wake of his latest tax avoidance scheme. The Oracle of Omaha became BFF’s with Obama & Company during the President’s reelection campaign when he expressed support for Obama’s tax-and-spend agenda. In an effort to be among the 1 percenters who supported taxing the 1 percenters, Buffett touted the virtues of forking more money over to the Internal Revenue Service…And then the Burger King/ Tim Hortons deal happened. In the wake of news about companies using “tax inversion” deals to escape the highest corporate tax rate in the world (ours),...
  • Soros Clones: 5 Liberal Mega-Donors Nearly as Dangerous as George Soros

    08/28/2014 6:06:29 PM PDT · by mgist · 17 replies
    newsbusters ^ | 8/26/14 | Ciandella
    As the 2014 midterm elections approached, the media were quick to criticize conservative donors like the Koch brothers for backing issues important to them. But journalists largely ignored the incredible financial power being used to promote the liberal agenda. Five top donors – Michael Bloomberg, Warren Buffett, Pierre Omidyar, Tom Steyer and George Soros’s own son, Jonathan – are major funders of the left. Together, they have contributed at least $2.7 billion since 2000 to groups pushing abortion, gun control, climate change alarmism and liberal candidates. That’s not how major media depicted them. Broadcast networks applauded when billionaire hedge fund...
  • Buffett puts shareholders ahead of patriotism in Canadian deal

    08/27/2014 8:50:09 AM PDT · by Olog-hai · 34 replies
    Reuters ^ | Tue Aug 26, 2014 7:16pm EDT | Luciana Lopez
    Warren Buffett may be most famous for the billions of dollars he has made from investing, but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, “the mother lode of opportunity,” as he wrote in his annual letter this year. So Buffett’s participation in fast-food chain Burger King Worldwide Inc.’s purchase of coffee and doughnut chain Tim Hortons Inc.—complete with relocation of Burger King’s domicile to Canada—might at first blush raise questions about his patriotism. Investors and tax experts say Miami-based Burger King’s move...
  • Warren Buffett's Burger King Move To Canada Reeks Of Hypocrisy

    08/27/2014 7:03:34 AM PDT · by SeekAndFind · 16 replies
    IBD ^ | 08/27/2014
    It's no surprise Burger King is merging with Tim Hortons and moving its headquarters to Canada. Taxes are much lower there. What's strange is the deal's being financed by someone who believes in higher taxes here. Burger King is buying the Canadian donut chain for just over $11 billion. To seal the deal, legendary investor Warren Buffett — a man whose acumen we very much respect, by the way — is taking a 9% stake in the combined companies for an estimated $3 billion. In effect, he's financing Burger King's tax move. This is richly ironic, given that Buffett has...
  • Burger King May Get Assist From Warren Buffett To Buy Tim Hortons

    08/26/2014 4:30:48 AM PDT · by jimbo123 · 18 replies
    Forbes ^ | 8/25/14 | Jeremy Bogaisky
    Speaking to CNBC in May on the subject of tax inversion deals, Warren Buffett said, “it does get a little annoying when we see other people paying far lower tax rates while engaging in the same sorts of businesses that we engage in.” Now Buffett appears to have decided to get in on the game: The Oracle of Omaha is extending financing to Burger King for its planned takeover of Canadian coffee-and-donuts chain Tim Hortons , the Wall Street Journal reported Monday evening, citing sources familiar with the deal. Buffett’s Berkshire Hathaway will provide roughly 25% of the financing, the...
  • Hard to swallow? Burger King may move to Canada

    08/25/2014 12:39:26 PM PDT · by Olog-hai · 42 replies
    Associated Press ^ | Aug 25, 2014 3:33 PM EDT | Candice Choi and Michelle Chapman
    Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world’s third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent. But customers were already voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its corporate headquarters from Miami to Canada in a deal that could lower its taxes. …
  • Burger King: 'Enemy of the people' -- Another Case of Giant Tax Inversion

    08/25/2014 8:12:38 AM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 08/25/2014 | Noah Rothman
    Comrades, there are wreckers in our midst. The industrialist reactionaries at Burger King have declared their intention to abandon the struggle and join the ranks of the enemy in rightist Canada. That’s right. The traitorous corporation Burger King plans to take advantage of the fact that America’s English-speaking neighbor to the north maintains the second-lowest corporate tax rate of any G-7 nation. How dare they? “The iconic American fast-food brand is in talks to buy coffee-and-donuts chain Tim Hortons and move its headquarters to Canada,” Forbes reported. If concluded, this deal would create the world’s third-largest restaurant company and allow...
  • Warren Buffett spent how much promoting abortion?

    07/11/2014 6:16:50 AM PDT · by wagglebee · 13 replies
    LifeSiteNews ^ | 7/10/14 | Peter Saunders
    The world’s fourth richest person, Warren Buffett, ploughed $1.23 billion into abortion groups over eleven years, a media watchdog has found. The Media Research Center (MRC), which analysed tax returns for Buffett’s foundation, labeled him the ‘king of abortion’. The MRC says the money given ‘is enough to pay for the abortions of more than 2.7 million babies in the womb’ – which, it points out, equates to the entire city of Chicago. MRC’s report lays out the money Buffett’s foundation gave between 2001 and 2012, saying it amounted to $1,230,585,161. The money was given to groups which either ‘provided abortions themselves...
  • 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....