Free Republic

last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer. ... Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line. In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings. ... In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation.. ... Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It...

Summer travel season is officially underway. For many Americans that means road trips in the car or heading to the nearest airport to catch a flight. According to AAA, nearly 50 million Americans had plans to travel for Independence Day, and with several weeks until Labor Day the number of travelers is likely to remain high. Whether it’s a road trip or plane ride, travel during this time of year is a great reminder of how North American energy helps make efficient and easy travel possible for so many of us. Having reliable sources of safe, affordable energy sources here in...

MacKenzie Bezos has promised to give at least half of her fortune to charity, just months after finalizing her divorce from the world's richest man. The newly minted billionaire has signed the Giving Pledge, which encourages the world's richest people to dedicate a majority of their wealth to charitable causes, either during their lifetimes or in their wills. The initiative was launched by Warren Buffett and Bill and Melinda Gates in 2010 and has so far attracted the support of 204 individuals and families. MacKenzie Bezos became one of the richest people in the world following her divorce from Amazon...

Exceedingly rich, white men (and women) who invest in biomedical companies are funding myriad transgender organizations whose agenda will make them gobs of money. As an environmental activist who was deplatformed from a speaking venue by transactivists, in 2013 I developed curiosity about the power of this group to force this development. A year later, when Time magazine announced a transgender tipping point on its cover, I had already begun to examine the money behind the transgender project. I have watched as all-women’s safe spaces, universities, and sports opened their doors to any man who chose to identify as a...

The perception that only elite schools produce elite leaders needs to die. The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa. Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever...

Howard Buffett, Warren’s oldest son, has become a crusader at the border, using his organizations and wealth to boost security efforts of local authorities and volunteer groups, according to a recent report. While his interest in border security may seem odd, a closer look at the 64-year-old billionaire and philanthropist reveals he’s no stranger to the issue. Buffett owns a ranch in Cochise County, Arizona, that sits just 300 yards from the U.S.-Mexico border. In addition, a report by The Phoenix New Times indicated a close relationship between Buffett and law enforcement, with the former reportedly gifting $30 million to...

Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC's Becky Quick. Bitcoin is "probably rat poison squared," he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia." In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come...

The Wall Street Journal reports that ExxonMobil petitioned the court yesterday to allow it to depose and obtain documents from public officials involved in the various climate change lawsuits recently brought by several California communities against the energy industry, as well as #ExxonKnew campaigner Matt Pawa, who is representing San Francisco and Oakland in their lawsuits. The legal filing accuses the communities of either exaggerating the risks of climate change in their lawsuits against energy companies or downplaying the risks of climate change when issuing municipal bonds to investors. Although the plaintiffs claimed in their lawsuits that climate change poses...

The time to plow is over for the seeds are bearing fruit for I have gone before you as David in the Valley of Breakthrough . So speak and declare My Words of Righteousness given to all those that believe on Me for "Truly" The Harvest is ready to be brought into the Storehouse That is , "My Kingdom on Earth as it is in Heaven" for "Truly" You "ARE " My Keepers of My Love and ONE True Light EMMANUEL ( God with us ) JOHN 4:34-38 34 Jesus said to them, “My food is to do the will...

In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.Adapted from "Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — And Themselves." The book, being published Tuesday by...

Former Treasury Secretary Henry Paulson Jr. is out with his new book, On the Brink, where he details his version of events that occurred on Wall Street and Washington D.C.during the financial crisis while he was Treasury Secretary. All that you really need to know about this fairy tale can be found in the front of the book in what is labeled as "Author's Notes". In this preface, Paulson tells us that he doesn't take notes and doesn't use email and his staff was frustrated because he didn't send out memos, but fortunately, he tells us, he has a very...

For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory. The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8. Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street. Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the...

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. …

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 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...

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...

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...

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!”

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!”

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.