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Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. Canada is battling against the state of Michigan to keep the cross-border pipeline open as calls to enhance the joint response to climate change ... It is important to remember that the U.S. relies heavily on Canada for much of its crude oil imports, consuming around 3.7 million barrels per day, or about 80 percent of Canada's crude output. Line 5 is supposed to close by May 13, ... The pipeline currently provides energy...

The list includes 2,755 billionaires — 660 more than last year, including 493 people who are new to the list. The No. 1 spot went to Jeff Bezos, whom Forbes says has a net worth of $177 billion, making him the world's richest for the fourth year running. Eight of the top 10 billionaires are from the U.S. — including Microsoft's Bill Gates (No. 4); Facebook's Mark Zuckerberg (5); Berkshire Hathaway's Warren Buffet (6); Oracle's Larry Ellison (7); and Google's Larry Page (8) and Sergey Brin (9).

Democrats are coming up with all sorts of schemes to transfer money from the private sector to the government. Their aim is to have more power and money. They truly do not care how many jobs and businesses they destroy in the process. The newest suggestion is to lower the amount of wealth that can be transferred from one generation to another, from around $11 million currently to one million. It's a horrible idea. This will cause people who inherit small businesses or farms, that have been built up over generations, to liquidate or leverage up to pay the government...

Warren Buffett’s famed stock portfolio has grown to a market value of $281.17 billion at the end of 2020, with a cumulative actual price for the entire portfolio of $108.62 billion. Last year, Berkshire earned $4.9 billion in realized capital gains and $26.7 billion in net unrealized gains from its stock holdings. In Buffett’s annual letter to Berkshire Hathaway (BRK-A, BRK-B) shareholders, the renowned stock picker shared the 15 common stocks that had the largest market value at the end of 2020. Berkshire owns large stakes in companies like AbbVie (ABBV), American Express (AXP), Apple (AAPL), Bank of America (BAC),...

If President Trump had been colluding with Russia, the first thing he would have done would have been to cancel the Keystone XL pipeline and otherwise prevent our achieving energy independence. Russia was once described as being a gas station masquerading as a country. Its only commodities of value are weapons and oil. Building Keystone XL and unleashing fracking was Trump’s way of screwing with Putin’s ambitions, not rewarding them. We would have to wait for Joe Biden to collude with Russia on energy by banning Keystone XL and declaring war on fracking. As Helen Raleigh, writing in The Federalist,...

If President Trump had been colluding with Russia, the first thing he would have done would have been to cancel the Keystone XL pipeline and otherwise prevent our achieving energy independence. Russia was once described as being a gas station masquerading as a country. Its only commodities of value are weapons and oil. Building Keystone XL and unleashing fracking was Trump’s way of screwing with Putin’s ambitions, ot rewarding them. We would have to wait for Joe Biden to collude with Russia on energy by banning Keystone XL and declaring war on fracking. As Helen Raleigh, writing in The Federalist,...

Home | America Tags: Biden Administration | Climate Change | Global Warming | Joe Biden | Keystone XL Pipeline | gina mccarthy | jobs Climate Adviser: We're Not Asking for 'Sacrifice' With Job Losses (C-SPAN) By Charlie McCarthy | Wednesday, 27 January 2021 05:20 PM Short URL| Email Article| Comment| Contact| Print| A A Copy Shortlink The Biden administration appears to be sending a mixed message regarding the shutting down of the Keystone XL Pipeline. Gina McCarthy, national climate adviser to President Joe Biden, said Wednesday the administration was "not asking for sacrifice" with an executive order halting construction of...

Warren Buffett once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.” The take-away: Load up on what you know. Even if it’s a tech stock, apparently. A recent peek into Buffett’s Berkshire Hathaway BRK.A, BRK.B, $214 billion portfolio underscores that the Oracle of Omaha is following his own advice, considering how much stock Berkshire has accumulated in Apple AAPL. Buffett, thanks to Apple’s stellar run, now owns more than $91 billion’s worth of the iPhone maker, which constitutes 43% of the total Berkshire pie, according to figures cited by the...

A 95% plunge in passengers. Billions in losses. A rush for new debt. A recovery that executives expect to take years. Coronavirus is roiling the airline industry and the Oracle of Omaha has seen enough. Warren Buffett told investors Saturday that Berkshire Hathaway has sold its entire stakes in the four largest U.S. airlines — American, Delta, Southwest, United — as the pandemic upends another bet on the sector that the famed investor had shunned for years before a surprise return in 2016. “And it turned out I was wrong about that business because of something that was not in...

Live Action News has uncovered a document which indicates that the Population Council, a non-profit founded by eugenicists (which brought the abortion pill to the U.S. and then created manufacturer DANCO Laboratories to market the drug known as mifepristone) was originally set up to receive royalties from sales of the abortion pill. The information was found within the organization’s 1998 990 and is seen in the image below. A review of Population Council annual reports reveal that, despite the group’s creation of an abortion pill company, millions of taxpayer dollars have been funneled to the Population Council since the late...

California’s Governor Gavin Newsom is starting to sound disturbingly more and more like New York Governor Andrew Cuomo. (More on that in a moment.) As we recently discussed, Pacific Gas & Electric has continued to impose rounds of blackouts across “red flag” areas of the state under warnings of high winds and possible wildfires. This has many residents feeling rather angry and demanding that something is done. To the rescue rides Governor Newsom. He doesn’t want the aging power lines to cause any more fires but he also doesn’t want his voters upset over having their power cut off.What...

I just won a bet I made in 2002 with physicist Michio Kaku. I bet him $1,000 that “by 2020, no one will have won a Nobel Prize for work on superstring theory, membrane theory, or some other unified theory describing all the forces of nature.” This year’s Nobel Prize in Physics, which recognized solid work in cosmology (yay Jim Peebles!) and astronomy, was Kaku’s last chance to win before 2020. Kaku and I made the bet under the auspices of Long Bets, a “public arena for enjoyably competitive predictions, of interest to society, with philanthropic money at stake.” Long...

A Chinese businesswoman who was convicted of trespassing at President Trump's Mar-a-Lago resort in Florida earlier this year had been urged by her handler to target other famous figures including the Clintons and billionaire businessman Warren Buffett, court documents say. Yujing Zhang, 33, who is scheduled to be sentenced on Nov. 22, was caught by Secret Service agents with troves of technology embedded with malware and thousands of dollars in cash after she claimed that she was at Trump's prestigious club to attend a “United Nations friendship event” that had apparently been canceled. Her bizarre behavior and backstory led to...

If what you already know about the FBI’s investigation into President Donald Trump’s campaign and Russia has you wondering what can come next, “make sure you are sitting down because it’s about to get worse,” said Patrick Byrne, the philanthropist and CEO of the mega online retail chain Overstock.com. Byrne revealed never published details about his intimate relationship with the Russian gun right’s activist and libertarian, Maria Butina, who is now serving out her sentence after pleading guilty in 2018 to working as a foreign agent in the U.S. without registering. In an interview several weeks ago, Byrne recanted first...

The “Oracle of Omaha” is climbing the broker ranks. At least his company is. Warren Buffett’s residential brokerage HomeServices of America has grown to become the second-largest real estate brokerage in the country, according to a new ranking from Real Trends. Buffett’s company trails only Realogy Holding’s NRT unit. Under the Berkshire Hathaway banner, HomeServices closed $125.4 billion in transaction volume in 2017. It represented 328,355 “sides,” meaning either the buyer or seller side, reflecting a 34 percent jump from the year before, Bloomberg reported. NRT led the pack with 346,942 sides and a transaction volume of $178.2 billion. Rounding...

Warren Buffett's Berkshire Hathaway is itching to do a massive acquisition, but is having a difficult time due to elevated valuations. The Oracle of Omaha explained his buying criteria for deals in his 2017 annual letter to shareholders released on Saturday. "In our search for new stand-alone businesses, the key qualities we seek are durable competitive strengths; able and high-grade management; good returns on the net tangible assets required to operate the business; opportunities for internal growth at attractive returns; and, finally, a sensible purchase price," he wrote. "That last requirement proved a barrier to virtually all deals we reviewed...

These GOP members who are contemplating raising taxes are playing with fire. Failure to act in a way that pleases the base will ensure they are the ones who get burned Make no mistake about it: if Congress, particularly the United States Senate, fails to send a tax bill to the president’s desk, it will imperil the congressional majority, do lasting damage to the Republican Party, and potentially threaten the American economy. The clock is ticking.

OMAHA — The parent company of The Daily Nonpareil and The Omaha World-Herald announced last Monday it eliminated 289 jobs across the country, including 108 vacant positions. BH Media Group, based in Omaha, is reducing costs because of declining advertising and circulation revenue. BH Media is the newspaper division of Berkshire Hathaway Inc. It now employs 4,450 people. Terry Kroeger, president and chief executive, said in a memo to BH Media employees that some of the company’s 31 newspapers are reducing other expenses, including the number of pages they print. None of the job cuts were at The Nonpareil or...

Since WikiLeaks began releasing once-private messages from Hillary Clinton campaign chief John Podesta, the world has had even more access to hard evidence of the mainstream media’s support for and collusion with Democratic Party operatives and campaigns. The latest example, reported now for the very first time (as are we can tell), shows CNBC’s Rebecca Quick — the co-host of the channel’s popular show Squawk Box and a co-moderator with John Harwood at a 2015 Republican primary debate — promising to support Sylvia Mathews Burwell, who had just been named the secretary of the Department of Health and Human Services....

Warren Buffett is fond of saying his tax rate is lower than his secretary’s. He does not publicize his tax returns, but for the tax year 2010, he paid $6.9 million on taxable income of $39.8 million, according to partial disclosures he made in 2011. What is astounding about those numbers is not the 17.3% tax rate, but that Buffett’s $39.8 million of taxable income is only about 0.05% of his reported net worth ($71 billion according to Forbes, which put him third on its list of the 400 wealthiest people in the world for 2015).