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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...

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

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...

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.

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 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...

"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...

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...

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...

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...

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...

"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...

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 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...

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.

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...

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...

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, 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...

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...