Topic: Warren Buffett

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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.
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.
Academy Awards: Which Best Picture nominee won at the box office?

Nine films will be vying for the Best Picture trophy at the 84^th Annual Academy Awards, taking place Sunday at 8 pm. The Best Picture Oscar won’t be announced until late in the evening, but when it comes to the box office, clear winners and losers have already emerged. While there was no runaway blockbuster among this year’s Oscar nominations, the films nominated ran the gamut in terms of profitability: Some made back nearly four times their filming budgets, while others failed to break even. Here’s all nine Best Picture nominees, ranked according to profit margin. Box office numbers are based on worldwide earnings. Can you guess which film was the best bang for its buck?
In Pictures: The world's richest people
Stock prices tumbling? Four ways to control your risk.

If the wild plunges and rebounds in stock prices have made a yo-yo of your portfolio, welcome to a very big club. The gyrations in stock markets worldwide have forced investors everywhere to confront an uncomfortable reality: Short of stuffing your money in a bank or under your mattress, you have to cope with volatility and risk. Fortunately, there are ways to tame risk – even turn it to your advantage. Here are four steps that you can take to begin to reduce the risk of falling stock prices for your long-term portfolio:

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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.
Why the GOP loves to hate the Democrats' Buffett rule

For Republicans, the danger in disavowing the so-called Buffett rule, a tax hike on millionaires, is that Democrats can paint them as the party that protects the rich. But they believe they can prevail with voters by fighting it. Here's why.
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.
Obama vs. Romney: Who's most 'elitist' and out of touch?

Barack Obama and Mitt Romney are both Harvard graduates. Both are wealthy, although Romney is much richer. Each campaign is trying to paint the other as a candidate for American's wealthy, not the ordinary voter.
Robert Reich
Why the 'Buffett rule' isn't enough

A 30 percent overall tax rate for millionaires still sets the bar too low, in light of the grim budget realities facing the country.
What the 'Buffett rule' reveals about Obama tax reform plans

President Obama is pushing Tuesday for the so-called Buffett rule – a proposal to ensure that millionaires pay a higher rate on federal income taxes than the middle class. He and Democrats see it as a guarantee that the rich will pay more, even if Congress again extends the Bush tax cuts.
Buffett Rule: Could it backfire on Democrats?

Democrats are campaigning for the Buffett Rule, which would ensure millionaires pay federal taxes at a higher tax rate. But polls show 'fairness' doesn't motivate key independent voters.
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.
The Circle Bastiat
2012: The year of the junk bond

The first quarter of 2012 will go down as the most active for junk bond issuance since 1980, when Thomson Reuters began keeping track, with 130 companies floating $75 billion in debt offerings.
State dinner for Cameron includes musicians and actors from both sides of the pond

The guest list was heavy on celebrities but also included donors to the President's re-election campaign.
Goldman Sachs culture 'toxic'? Letter confirms suspicions about Wall Street.

Polls show that Americans hold a very low opinion of Wall Street, and a damning public letter of resignation from a Goldman Sachs executive could only amplify that perception.
The Reformed Broker
Stocks: What is Warren Buffett buying?

Warren Buffett's involvement is good for a stock, since he's generally a long-term holder. But can that translate into profits for other investors?
Abundance: The Future is Better Than You Think

Hoping for a better world – quickly? "Abundance" promises to take you there.
Dow just misses 13000. Again.

The Dow lost 1 point to close at 12981 – 19 points shy of the 13000 mark. The index hit 13000 several times last week but so far hasn't been able to hold onto it.
The New Economy
How to raise taxes on millionaires without really trying

Forget the 'millionaire surtax.' The better way to tax millionaires is to broaden the tax base – and let all those Bush tax cuts expire.
Academy Awards: Which Best Picture nominee won at the box office?

Nine films will be vying for the Best Picture trophy at the 84^th Annual Academy Awards, taking place Sunday at 8 pm. The Best Picture Oscar won’t be announced until late in the evening, but when it comes to the box office, clear winners and losers have already emerged. While there was no runaway blockbuster among this year’s Oscar nominations, the films nominated ran the gamut in terms of profitability: Some made back nearly four times their filming budgets, while others failed to break even. Here’s all nine Best Picture nominees, ranked according to profit margin. Box office numbers are based on worldwide earnings. Can you guess which film was the best bang for its buck?
Warren Buffett ends rocky week by announcing heir apparent

As Warren Buffett's public profile took some rare hits, the 'Oracle of Omaha' moved Saturday to shore up Berkshire Hathaway's future by locating a successor.
The Daily Reckoning
U.S. stocks vs. gold prices: Which is the better investment?

US stocks are a better place to put your money than gold, according to Warren Buffett. But gold prices are only going up, and gold is a far less risky investment than US stocks.
Donald Marron
How would the 'Buffett rule' affect marginal tax rates?

The 'Buffett rule' – a minimum tax rate on millionaires – wouldn't have much effect on wages and salaries, but it would greatly impact capital gains.