Topic: Warren Buffett
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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?
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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.
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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?
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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.
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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
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USA Update Home prices up 12 percent as investors bet on real estate
The US housing market, long the sluggard in the recovery, builds on its rebound, with prices of existing homes up 12 percent last month from a year ago. In a twist, many buyers aren't individuals but rather corporate investors.
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Decoder Wire Obama's tax rate is 18.4 percent. Is that too low for a millionaire?
The release of President Obama's tax returns last week showed that his tax rate has gone down. Of course, his income went down and he gave a lot to charity, but critics are still chirping.
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Tax VOX Obama budget: How would the 'Buffett Rule' work?
President Obama's 2014 budget proposal calls for a so-called 'Buffett Rule' that would ensure that high-income households pay at least a minimum percentage of their income in taxes. It turns out that setting a floor on the taxes rich people pay is not so easy, Williams writes.
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Energy Voices Will Warren Buffett buy China's bankrupt Suntech solar company?
Suntech stock has rallied on rumors that Warren Buffet may buy the bankrupt Chinese solar company. No one’s quite sure why Warren Buffett might want to buy Suntech, Alic writes, and there has been no confirmation from MidAmerican Holdings that any deal is in the works.
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Six things Obama's budget plan reveals about his priorities
President Obama's $3.78 trillion budget for fiscal 2014 lays out elements of a possible 'grand bargain' with Congress. At the same time, it speaks to his policy priorities.
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For some farmers, a return to animal power
A nonprofit based in Michigan teaches animal-powered farming at home and abroad. Draft power, or animal traction, is a method smaller farmers still use because draft animals cost less than tractors and require no fuel.
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$56 million golden parachute awaits Heinz CEO, if fired (+video)
$56 million golden parachute? That's what awaits Heinz CEO William Johnson if he is fired by the company's new owners. In addition to the $56 million golden parachute, Johnson is entitled to a payout of $99.7 million in vested stock and $57 million in deferred compensation benefits that he accrued over his 30-year career with Heinz.
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Energy Voices Wholesale power: bankruptcies and lessons
The possible bankruptcy of Energy Future Holdings shows how tough it is to make profits in wholesale power – or finance new coal plants. The fracking revolution is reshaping the energy landscape.
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Warren Buffett's bad news: a $24 billion gain
Warren Buffett's annual shareholders letter says Berkshire Hathaway's 14.4 percent gain trailed the S&P's performance. Despite the bad news, an optimistic Warren Buffet is searching for more acquisitions.
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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?
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The Monitor's View: Charitable tax deduction: What price for love?
In weighing tax reform, Congress has its eye on the charitable tax deduction – as a 'loophole.' It needs to first look at the changing ways that Americans give and then act to safeguard charity in all its forms.
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Latin America Monitor Brazil's 2013 Carnival may have rocked ... but parts also stank.
The amount of trash collected during this year's blocos, or street parties, grew 30 percent from last year – and tourists noticed, with 1 out of 4 citing sanitation as a negative of their Rio Carnival experience.
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Stocks waver as Europe's economy slows
Stocks ended roughly where they started Thursday as European economic woes eclipsed a promising US jobs report. After a strong start, stocks have drifted sideways over the previous week with few major events to sway investors.
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Warren Buffett: Heinz ketchup company to be bought by Buffet firm (+video)
Berkshire Hathaway is dipping into the ketchup business as part of a $23.3 billion deal to buy the Heinz ketchup company. Berkshire Hathaway, billionaire Warren Buffett's investment firm, teamed up with 3G Capital to buy Heinz in the food industry's largest deal ever.
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Africa Monitor Black billionaire in South Africa pledges to give away half his fortune
The ruling party praised the mining magnate, Patrice Motsepe, and said he was part of a 'patriotic bourgeoisie' of rich black South Africans with a social conscience.
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The Reformed Broker Debunking the Warren Buffett debunkers
Warren Buffett's head-and-shoulders above all other investors stature has only been cemented during this last five years, Brown writes.
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Decoder Wire Taxing the rich: why $250,000 became the benchmark
Some Democrats had sought an income threshold well above $250,000. But since the election campaign and in 'fiscal cliff' talks, that's the number President Obama has settled on. Here's what's behind it.
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Should estate tax rise in a 'fiscal cliff' deal? Why some ultra-rich say yes.
While much of the focus in the 'fiscal cliff' debate has been on income taxes, the group of wealthy Americans says an estate tax 'promotes democracy by slowing the concentration of wealth and power.'
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Opinion: 'Fiscal cliff' or not, tax reform is easier said than done
As part of any deal on the 'fiscal cliff,' Congress will likely take up comprehensive tax reform. That's a worthy goal, but it will involve more political and economic pain than most would like to admit. Every line in the tax code has its own constituency and rationale.
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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.
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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.
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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.
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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.
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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.
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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?
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