Free Republic

The Sage of Omaha has real worries about the U.S. dollar. It is no surprise that billionaire stock investor Warren Buffett continues to flee the U.S. dollar as he pours billions into foreign currencies. Last year Berkshire Hathaway, Buffett’s holding company, reported it had placed some $12 billion in foreign currencies. Now Forbes reports that Buffett continues to exit dollar investments, and Berkshire Hathaway holds some $20 billion in foreign currencies. Buffett has used foreign currencies as a hedge against his weakly performing U.S. portfolio. According to the New York Times, the firm reversed a second quarter loss and gained...

By Eric M. Johnson 06/29/2004 Iraq veterans often say they are confused by American news coverage, because their experience differs so greatly from what journalists report. Soldiers and Marines point to the slow, steady progress in almost all areas of Iraqi life and wonder why they don’t get much notice – or in many cases, any notice at all. Part of the explanation is Rajiv Chandrasekaran, the Baghdad bureau chief for the Washington Post. He spent most of his career on the metro and technology beats, and has only four years of foreign reporting, two of which are in Iraq....

CBS "60 Minutes" star Mike Wallace defended his decision last night to use a Washington, D.C. World War II memorial event that both he and USA Today founder Al Neuharth attended on Friday to bash President Bush as unfit to be commander-in-chief. "It seemed to both to Neuharth and to me that it was the right venue [to do this] because we talked about it ahead of time," Wallace told Fox News Channel's Bill O'Reilly. "It was a venue in which we are celebrating a war in which so many people died. But they died in the service of...