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Trump dismisses Buffett’s rebuke over his business judgment

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U.S. Republican presidential candidate Donald Trump on Tuesday brushed off billionaire investor Warren Buffett’s blistering critique of his business acumen.

“I don’t care much about Warren Buffett,” Trump said on the FOX Business television network Tuesday morning, a day after Buffett lashed out at Trump in a speech at a campaign rally for Democratic candidate Hillary Clinton.

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Buffett, a widely followed investor who is chairman and chief executive officer of Berkshire Hathaway Inc, scorned Trump’s 1995 move to list Trump hotels and casino resorts on the New York Stock Exchange, saying it lost money for the next decade and that “a monkey” would have outperformed Trump’s company.

He also challenged Trump to release his tax returns, something the real estate mogul and television star has declined to do so far citing an Internal Revenue Service audit.

Trump, who has held up his career in business as a qualification to lead the country, defended his record running his hotel and casino business in Atlantic City, New Jersey.

“I had great timing. I got out,” after seven years, he told FOX Business on Tuesday. “I took a lot of money out of Atlantic City, which is what I’m supposed to do. I’m a businessperson.”

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Trump said he “did well in the good times in Atlantic City, but then times started going very bad.”

Trump said he used to invest in U.S. stocks but got out because “I don’t like what I’m seeing at all,” pointing to U.S. immigration policies, Syrian refugees and what he said were “artificially low” interest rates.

He also vowed to spend twice as much on U.S. infrastructure as Clinton, who has pledged $275 billion on rebuilding the nation’s crumbling roads and bridges, among other structures.

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Trump, who has been criticized by fellow Republicans and others for responding too readily to opponents, declined to target Buffett personally for his comments: “There’s no counter-punch.”

Buffett on Monday vowed to do “whatever it takes” to get out the vote in his congressional district in Nebraska, including driving voters himself to the polls to cast ballots.

With Clinton by his side, Buffett told the crowd that his “final straw” was Trump’s critical response to the Muslim parents of a decorated U.S. soldier killed by a bomb in Iraq 12 years ago.

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Buffett is No. 3 on Forbes magazine’s list of the richest billionaires, with a net worth calculated at $60.8 billion.

(Additional reporting by Amanda Becker in Omaha and Emily Stephenson; Writing by Susan Heavey; Editing by Richard Valdmanis and David Gregorio)


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Elections 2016

Modi tells Xi summit will launch ‘new era’ for India and China

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India's Prime Minister Narendra Modi said Saturday that his summit with Chinese leader Xi Xinping would launch a "new era" between the neighbours who are seeking to overcome troublesome differences.

Modi and Xi strolled along a pristine Bay of Bengal beach and held one-on-one talks overlooking the ocean before their delegations sat down to official negotiations at the historic resort town of Mahbalipuram, south of Chennai.

The two leaders are meeting for the second time in a year in a bid to ease tensions over border disputes, the troubled Kashmir region and China's domination of trade between their huge economies.

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Trump calls for impeachment of Mitt Romney for criticizing him in rambling tweet

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Hours after Donald Trump attacked Sen. Mitt Romney for being critical of his call for the Chinese to dig up dirt on former Vice President Joe Biden, the president was back for another round, calling for the Utah Republiocan to be impeached.

Claiming without evidence that voters in Utah are turning on their senator, Trump claimed, "I’m hearing that the Great People of Utah are considering their vote for their Pompous Senator, Mitt Romney, to be a big mistake. I agree! He is a fool who is playing right into the hands of the Do Nothing Democrats!" followed by:  #IMPEACHMITTROMNEY

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Elections 2016

Trump claimed ‘inequality is down’ — one day later federal data showed the exact opposite is true

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"The separation between rich and poor from 2017 and 2018 was greater than it has ever been."

Federal data released Thursday showed U.S. income inequality in 2018 reached the highest level since the Census Bureau began measuring it five decades ago, a finding that comes less than 24 hours after President Donald Trump said "inequality is down."

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