Berkshire Hathaway
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.
Big Ideas to Fix the Economy: Cap CEO Pay
This week we’ve been asking listeners to suggest ideas on how to fix the economy. So far we’ve talked about raising inflation and boosting housing prices. Today we’re talking about capping the total compensation that CEOs earn – including salary, benefits and bonuses – at $5 million. Any additional money would go back to the […]
President Obama Reassuring As Markets Plummet
The markets started off jittery yesterday and throughout the morning they just kept dropping. Later in the afternoon President Obama made an attempt to reassure Americans. During a statement at the White House he said, “Markets will rise and fall, but this is the United States of America. No matter what some agency may say, […]
Buffett’s big bankroll buys Burlington Northern, bets Bituminous
Yesterday, Berkshire Hathaway, the investment vehicle of billionaire Warren Buffett, announced it is buying up the remaining shares of railroad company Burlington Northern. It’s a big bet on American rail, and a big bet on the American economy.