Headway in Taliban talks may be months off: Gates
It could be months before efforts to broker a peace deal between the Afghan government and the Taliban bear fruit, U.S. Defense Secretary Robert Gates said in an interview aired Sunday. Read more on Ottawa Citizen
Does McGraw-Hill Pass Buffett’s Test?
Here’s one of Buffett’s favorite metrics for evaluating companies. Read more on The Motley Fool
Prem Watsa Keeps on Buying: Citigroup; and Selling: Dell, CRESUD SA
By William Ding. Prem Watsa was born in 1950 in Hyderabad, India but is currently living and trading from Canada. He is a CFA charter holder, an alumnus of The Hyderabad Public School, Begumpet, a graduate of the Indian Institute of Technology with a degree in Chemical Engineering and a holder of an MBA from the Richard Ivey School of Business of the University of Western Ontario. He is a member … Read more on Guru Focus
By Scott Whitlock | November 15, 2007 – 12:58 ET ABC’s “Good Morning America” devolved into outright advocacy on Thursday as the morning program openly lobbied for more taxes, misled viewers about how much the wealthy pay and passed off an economic advisor to Hillary Clinton’s 2008 campaign as an impartial observer. Correspondent Bianna Golodryga filed a report on liberal billionaire Warren Buffett and his assertion that he pays a lower percentage in taxes than his receptionist. GMA co-host Diane Sawyer turned the story into a class warfare campaign as she promised that the show would be battling “on behalf of fairness in taxes.” The host lauded Buffett for taking “your side over taxes and fairness.” Additionally, Golodryga fawned over the billionaire for advocating that Congress should retain the estate tax, another leftist position. At no point in the misleading report did any GMA host or reporter mention a fundamental fact: The wealthy already pay a disproportionately high amount of taxes. According to information just released by the IRS, the top one percent of earners paid 39.4 percent of all federal income taxes. The top five percent pay almost 60 percent of federal taxes. Golodryga did, however, make time to compare Buffett to Robin Hood, complete with an onscreen graphic, and harass other billionaires over the salaries of their receptionists. Sawyer claimed that most of these wealthy individuals were “hiding” and that GMA would call them on “[Buffett's] behalf.”
Warren Buffett talked to Evan Davis at the headquarters of his company, Berkshire Hathaway, in Buffett’s native Omaha, in the mid-Western state of Nebraska. Buffett shares his ideas about the current financial crisis, his investment philosophy, and his one indulgence – his private jet.