Topic: Warren Buffett

Top galleries, list articles, quizzes

If not 'sequester,' then what? Five ideas from left and right.

Few in Washington believe that "the sequester,” $85 billion in automatic spending cuts set to hit the federal budget as of March 1, is a good idea. But what's the alternative? Here are five proposals, from the right, the center, and the left, to replace the sequester. Which do you like?
Six points where Mitt Romney and his economic advisers are mostly wrong

Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
Briefing
Buffett rule: Five questions about Obama's plan answered

President Obama wants a proposed "Buffett rule" to make sure that millionaires pay at least a 30 percent federal tax rate. Here are five facts that shed light on the Buffett rule and the debate surrounding it.
The Masters: 12 women candidates for Augusta National membership

The Augusta National Golf Club has steadfastly refused to alter its all-male membership. But circumstances may soon cause the gender barrier to break, and if it does there are several women who might be good fits for the club.

All Content

Why Obama insists on higher tax rates for the wealthy

As the 'fiscal cliff' looms closer, President Obama says higher tax rates for the wealthy – not just revenue from limiting deductions and other sources – is his nonnegotiable demand.
Decoder Wire Going over the 'fiscal cliff': why more are sounding ready to take the plunge

With negotiations still appearing stalled, a growing chorus on the left and right has been suggesting that a so-called "cliff dive" wouldn't be so bad. Better than cutting a bad deal, anyway.
Modern Parenthood Rolling Stones at 50: A work ethic to raise kids by? (+video)

The Rolling Stones hit the stage 50 years ago and this mom loves their work ethic. After all, what can a poor boy do, 'cept sing for a rock 'n' roll band? For 50 years, and counting, she says, that's what they been doing. And they haven't been poor for at least the last 48.
Six points where Mitt Romney and his economic advisers are mostly wrong

Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
California's dueling tax hikes: 'Nightmare' ahead?

California Gov. Jerry Brown has asked voters to approve Proposition 30, a tax hike that he says will save the state from fiscal disaster. But another tax plan on the ballot could muddy the waters.
Mitt Romney's 14 percent tax bite: your guide to deciphering what's 'fair'

Many millionaires pay an effective tax rate much closer to Mitt Romney's 14 percent than to the official 35 percent top bracket. Preferential rates for investment income, including capital gains, are the reason. Is it time to change that?
Rep. Scott Rigell: Maverick GOP freshman in the eye of a political storm

Obama is hitting Virginia Beach, Va., Thursday for a reason: It's one of the hottest political ad markets in the country. Its congressman, Scott Rigell, is out to change Washington's 'toxic mix of partisanship, no facts, weak ideas.'
Club for Growth president: Mitt Romney is 'a mixed bag'

Chris Chocola, president of the influential conservative group the Club for Growth, certainly wants Mitt Romney to defeat President Obama. He's just not sure what Romney would do once in office.
The New Economy 47 percent vs. 1 percent: the emergence of tax-class warfare

From Mitt Romney's 47 percent gaffe to Warren Buffett's secretary's tax rate, this election is about taxes and who will be saddled with paying back America's huge debt.
The Reformed Broker Berkshire Hathaway sells Intel stock, nets $60 million

Warren Buffet's firm deviates from its usual buy-and-hold strategy to sell its Intel stocks a year after buying them, Brown writes.
The New Economy Greed is (not) good. Here's a better capitalism.

Profit should not be the sole goal of business. Profit should be the byproduct of business excellence.
Augusta National admits first women – all two of them (+video)

Former Secretary of State Condoleezza Rice and financier Darla Moore are invited to join Augusta National. The 80-year-old golfing club has been under pressure for 10 years to admit women.
Who creates jobs? How economists see the Obama-Romney debate.

The debate about job creation is becoming one of the central themes of the presidential campaign. The answers aren't simple, many economists say – especially in the current climate of employment malaise.
The Daily Reckoning A crisis veiled in public spectacle

Over the course of three odd decades, billions of dollars were lent to people who shouldn’t have been allowed to borrow lunch money. And now, there are losses in the trillions. The real question is, will the market finally be allowed to correct itself?
Happy Friday! JPMorgan launches stock market rally

Showing a vote of confidence in JPMorgan Chase Friday, relieved investors drove up bank stocks, ended a six-day losing streak for the market and sent the Dow Jones industrial average up 204 points, the best day this month, to close at 12,777.
Stocks slide on Wall Street for sixth straight day

US stocks slid for a sixth day Thursday as concern spread that weaker global economic growth will hurt US corporate earnings. The Dow fell as much as 112 points in early trading. It recovered to turn briefly positive before closing with a loss of 31 points, or 0.3 percent, at 12,573.
Opinion: How to close the budget deficit without raising tax rates

Tax credits and deductions are projected to cost the US Treasury around $1.3 trillion this fiscal year. Meanwhile, the budget deficit is projected at $1.2 trillion. Without all those tax breaks, the deficit would turn into a surplus. Polls suggest Americans may be willing to see them go, too.
National Spelling Bee: 10 winning business words

In the National Spelling Bee’s 85-year existence, a wide range of words have crowned the winners – from science words like ‘crustaceology,’ to musical terms such as ‘soubrette,’ and ‘appoggiatura.’ The list of winning words also includes several that could slide right into the pages of this newspaper’s business section. In honor of the 2012 Scripps National Spelling Bee, here are 10 business words from past years that have determined the champion. Will this year’s winning word make the list?
The Circle Bastiat Huge mortgage debts keep the housing market tumbling

Experts have been calling for the bottom of the housing market each year since the crash, and prices continue to tumble. Why? In an overwhelming number of cases, homeowners owe more on their mortgages than their houses are actually worth.
Decoder Wire Obama honors Presidential Medal of Freedom winners: Who's eligible? (+video)

Answer: Anybody who's accomplished anything the president of the United States likes. Obama awarded the Medal of Freedom to Bob Dylan, John Glenn, and 11 other recipients Tuesday.
Stocks fall amid discouraging economic reports

The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
Obama, Romney both want Reagan mantle

Both candidates have made comparisons with the conservative icon.
'Buffett rule' fails, but it will be back

The Buffet rule to raise taxes on millionaires couldn't get through the Senate, but both parties promise to make it a campaign issue as the nation heads toward Election 2012.
The Buffett Rule: Tax reform or political gimmick?

As last-minute tax filers sweat the IRS, Democrats are pushing – and the GOP is resisting – the Buffett Rule, which would mean higher tax rates for millionaires (like Mitt Romney and Barack Obama).
Decoder Wire President Obama releases tax returns. Does he have to make them public?

The Obamas paid more than $162,000 in federal taxes on income of $789,674. The custom that presidents release their tax returns dates to the Nixon administration.