Warren Buffett
Ex-employees claim a major US freight railroad company has ignored key safety checks
Highly flammable and explosive crude oil from the Bakken Shale of North Dakota is shipped by rail, much of it by BNSF Railways. An investigation by Oregon Public Broadcasting unearthed charges that the railroad carrier mishandles safety issues for its trains.
Why Billionaires Get the Best Tax Breaks
There’s a reason car accidents spike by 6 percent on tax day: filing one’s taxes is stressful. On Monday, as millions of Americans put the finishing touches on their tax paperwork, Senate Republicans blocked debate on the so-called “Buffett Rule.” It would have required the wealthiest Americans to pay at least 30 percent of their […]
Buffett Invests $10.7 Billion in IBM
Billionaire investor Warren Buffett announced on CNBC Monday morning that his Berkshire Hathaway holding company has bought $10.7 billion of stock in IBM. Buffett said the company began investing in March, and now owns 64 million share of IBM, or 5.5 percent of the computer and technology company. The buy is a bit of a […]
Top of the Hour: GOP Pushes Back Against Obama Deficit Plan, Morning Headlines
GOP lawmakers have already labeled the proposed tax hikes in President Obama’s deficit reduction plan “class warfare,” particularly the so-called “Buffet Rule.” Named for billionaire Warren Buffett, the rule imposes a minimum tax rate on those earning more than $1 million per year.
Obama to Unveil Deficit Reduction Plan
President Obama will announce a deficit reduction plan that will reduce government spending by $3 trillion through cutting entitlements, tax increases, and war savings. The plan is the White House’s opening offer to the Congressional “super committee,” which has until Dec. 23 to reach a deal on deficit reduction. GOP lawmakers have already labeled the proposed tax […]