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‘Liberals’ billionaire’ Warren Buffett comes out for Keystone XL pipeline

Warren Buffett, the American billionaire who has long championed a fairer U.S. tax code, has a position certain to rankle those who hold the investor dear: He’s thrown his support behind the Keystone XL pipeline. The pipeline, proposed by TransCanada, will cut through several U.S. states on the way to…

Food stamp cuts are ideological, not fiscal: Republicans make the poor pay to balance the budget

During a discussion at the University of Michigan in 2010, the billionaire vice-chairman of Warren Buffett‘s Berkshire Hathaway firm, Charles Munger, was asked whether the government should have bailed out homeowners rather than banks. “You’ve got it exactly wrong,” he said. “There’s danger in just shovelling out money to people who…

Warren Buffet charity lunch fetches $1 million bid, down from $3.46 million last year

(Reuters) – The yet-unidentified winner of an online charity auction will pay $1 million to lunch with Warren Buffett and friends, a relative bargain compared with last year’s top bid that came in at more than three times the amount. The event raises funds for the San Francisco-based charity GLIDE,…

Warren Buffett’s company buys ketchup maker Heinz

Warren Buffett’s investment powerhouse Berkshire Hathaway and 3G Capital announced Thursday that they would take over venerable US ketchup maker Heinz in a deal valuing the company at $28 billion. The two will pay HJ Heinz shareholders $72.50 per share in cash, a 20 percent premium on Heinz’s Wednesday closing…

South African billionaire announces he’ll give half his fortune to charity

South African mining billionaire Patrice Motsepe announced Wednesday he would give half his family’s fortune to charity, becoming the first African to match a pledge made by Bill Gates and Warren Buffett. The Soweto-born tycoon, worth an estimated $2.7 billion (two billion euros), announced he would join the Giving Pledge,…

Warren Buffett has prostate cancer, but feels ‘great’

WASHINGTON — US tycoon Warren Buffett announced he has early-stage prostate cancer, and indicated he had no intention of stepping down as head of his investment firm Berkshire Hathaway. Buffett, a larger-than-life financier known as the “Oracle of Omaha” for his investment savvy, said: “I feel great.” With his big…

Chamber of Commerce: ‘Buffett Rule’ an attempt to instigate ‘class warfare’ debate

The U.S. Chamber of Commerce on Monday urged senators in Washington, D.C. to vote against the Paying a Fair Share Act of 2012, claiming it would hurt economic growth. “With more than eight million Americans unemployed, Congress should reject attempts to instigate a debate on class warfare and focus on…

RNC chair: ‘I don’t think’ GOP wrong on Buffett Rule

Although a majority of Americans support a rule that would tax millionaires as much the middle class, the chairman of the Republican National Committee (RNC) said on Sunday that his party was not wrong for opposing the policy. In an interview on CNN, host Candy Crowley pointed to a recent…

Obama urges Congress to pass ‘Buffett Rule’

US President Barack Obama on Saturday urged Congress to pass the so-called “Buffett Rule,” which calls for increasing the tax rate on Americans making more than $1 million a year. “Most Americans support this idea,” Obama said in his weekly radio and Internet address. “One survey found that two-thirds of…

Obama urges Congress to pass ‘Buffett rule’

President Barack Obama on Saturday called on Congress to pass the “Buffett rule” tax, which would require those earning more than $1 million per year to pay at least a 30 percent effective tax rate on their income. The Paying a Fair Share Act would establish the so-called “Buffett rule,”…

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