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NEWS
April 10, 2012 | By Christi Parsons
WASHINGTON -- President Obama preached a message about tax fairness to students at a Florida college this afternoon, speaking only indirectly of Republican candidates for president and deriding their party's commitment to “trickle down” economic policies that he says hurt the middle class. Obama spoke less than an hour after Rick Santorum announced he is suspending his campaign for the Republican nomination, a development many consider to be the unofficial beginning of the general election race between Obama and former Massachusetts Gov. Mitt Romney.
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BUSINESS
March 4, 2014 | By Stuart Pfeifer
Registration has opened for Warren Buffett's contest that will award $1 billion to anyone who can correctly guess the winners of every game during the upcoming NCAA men's college basketball tournament. Buffett is insuring the landmark contest, which is free to enter and sponsored by Detroit-based Quicken Loans. Quicken paid Buffett an undisclosed fee -- believed to be many millions of dollars -- to cover the $1 billion prize in the highly unlikely event that someone turns in a perfect bracket.  Those interested in entering the contest will need to first sign up at quickenloansbracket.com . The contest is limited to the first 15 million people who register.
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BUSINESS
September 11, 2008 | From Times Staff and Wire Reports
Warren E. Buffett's Berkshire Hathaway Inc. will stop selling insurance to lenders through its Kansas Bankers Surety Co. unit for deposits beyond the Federal Deposit Insurance Corp. limits. "Eventually, we aren't going to be covering any deposits in banks," said Chuck Towle, an executive at Kansas Bankers. The move reduces Berkshire's risk from bank failures, which are running at the fastest pace in 14 years.
BUSINESS
February 21, 2014 | By Ronald D. White
With America's new oil boom forcing more and more crude onto long trains to make up for inadequate pipeline capacity, Warren Buffett's BNSF has opened bids to buy 5,000 safer transport cars. The move follows a series of high-profile rail accidents and spills, including a July derailment that killed 47 in Lac-Megantic, Quebec. Another rail oil tank car incident in February dumped 4,500 gallons of crude in Pennsylvania. Bids will be put out to several tank car manufacturers, according to Roxanne Butler, a spokeswoman for BNSF.
OPINION
August 19, 2003
Re "Buffett's Property-Tax Remarks Stir Debate," Aug. 16: Warren Buffett [now advising Arnold Schwarzenegger] is right, and all the others are a bunch of cowards. I too sit smugly, paying a third what my new neighbors pay in taxes. But even though I'm benefiting, I'm not scared to acknowledge that other states charge a lot more and benefit accordingly. Since Proposition 13 came along, our infrastructure has crumbled. I'm sure many would rather pay no taxes and deal with dirt roads and disbanding the University of California system, but that's not necessarily what's best for all in the long run. Luckily, Proposition 13 is considered holy by so many, I'm in no danger of losing my bargain.
ENTERTAINMENT
November 13, 2005
IN Mimi Avins' article about retirement ["For Men, Aging's a Type-A War Zone," Oct. 30], she may have skipped over a very important factor. The people she cites as unwilling or unready to retire -- Rupert Murdoch, Warren Buffett -- are power players. Why should they retire? They can collect salaries, take vacations for as long and as often as they like and enjoy most of the advantages of retirement while continuing to exert the power that defines them. They are not typical candidates for retirement.
ENTERTAINMENT
January 11, 2007 | Geoff Boucher, Times Staff Writer
TYCOONS trying to impress will pay millions for a Picasso or Pollock, so why not splurge on a living, breathing Jagger? Or hire rapper 50 Cent to drop by the mansion and perform "Get Rich or Die Tryin' "? Now that will get them talking down at the country club. That's the loud and lavish sensibility behind the hottest party accessory around -- the rentable rock star.
BUSINESS
July 8, 2013 | By Shan Li
Warren Buffett, the billionaire investment guru known as the Oracle of Omaha, is donating about $2.6 billion in stocks to five charities as part of a plan to give away the bulk of his wealth before he dies. The chairman and chief executive of investment firm Berkshire Hathaway has watched his fortune soar this year as the company's stock jumped more than 25%. In March, Forbes magazine pegged his wealth at $53.5 billion. QUIZ: How much do you know about the federal budget cuts?
REAL ESTATE
April 20, 2008 | Ann Brenoff, Times Staff Writer
Kenny Chesney must have gotten word about the Malibu dress code: It's baseball caps, dude, not cowboy hats. What other possible explanation is there for the country music legend to have bought a house in the Carbon Canyon neighborhood for $7.4 million in February and then promptly re-listed it for sale at $7.95 million? The home, which was listed at $7.5 million when Chesney bought it a nanosecond ago, has expansive ocean views.
ENTERTAINMENT
June 29, 1991
It seems to me and other loyal Parrotheads that if Jean Rosenbluth is looking for life's meaning and direction at a Jimmy Buffett concert ("Fans, Not Buffett, Lively at Bowl," Calendar, June 24), she really is a strange bird. JOE FIGUEROA Santa Monica
NEWS
January 29, 2014 | By Doyle McManus
One way of measuring a president's agenda is by what he highlights in his State of the Union address. Another is by noticing what got left out. President Obama recycled a long list of old but unattained goals in his speech Tuesday: a higher federal minimum wage, early childhood education, immigration reform, tax reform, infrastructure spending, gun control, legislation to close the wage gap between men and women, and closing the detention center...
BUSINESS
January 21, 2014 | By Stuart Pfeifer
Think you can guess the winners of all 67 games in this spring's NCAA men's basketball championship tournament? Warren Buffett is betting a fortune that you can't. The Omaha investing guru is insuring a Quicken Loans promotion that will award $1 billion (yes, with a B) to anyone who can correctly guess the winners of every game of this spring's NCAA men's basketball championship tournament. PHOTOS: Top 10 Southern California companies Detroit-based Quicken, the nation's fourth-largest mortgage lender, and Buffett's Berkshire Hathaway will pay the prize in 40 annual installments of $25 million.
BUSINESS
January 21, 2014 | By Stuart Pfeifer
Even billionaires like Warren Buffett think watching sports is more fun with a little money on the line. Buffett's Berkshire Hathaway is insuring a Quicken Loans contest that will award $1 billion to anyone who can correctly guess the winners of all 67 games in this spring's NCAA men's basketball tournament. Buffett said the idea for the contest was his. He said he was talking sports with Quicken Loans founder and Chairman Dan Gilbert in November when he pitched the idea to insure a $1-billion prize for a perfect bracket.
BUSINESS
September 20, 2013 | By Jim Puzzanghera
WASHINGTON -- Billionaire investor Warren Buffett said a failure to raise the nation's $16.7 trillion debt limit would be "pretty damn dumb" as Democrats and Republicans square off in a showdown that could lead to the first-ever federal government default. Buffett called the fight "disturbing" in a CNBC TV interview that aired Friday. But he said it's "so dumb" that investors and business people know it would get resolved quickly. "The market is not going to fall apart because they expect Washington will only act irrationally for a certain length of time," said Buffett, chief executive of Berkshire Hathaway.
BUSINESS
August 1, 2013 | Ronald D. White
Rebecca Riccio tried to keep her expectations low. Yes, the first massive open online course -- or MOOC --on philanthropy that she's teaching had the backing of billionaire Warren Buffett and his sister, Doris. But it was a four-week, no-college-credit course offered during the height of summer, mid-July through mid-August. Absolutely the worst time to try to draw a crowd for hitting the proverbial books. Top 10 riskiest industries for investors "I would have been happy if we got 1,000 students," said Riccio, founding program director of Northeastern University's Students4Giving program, in an interview.
BUSINESS
July 8, 2013 | By Shan Li
Warren Buffett, the billionaire investment guru known as the Oracle of Omaha, is donating about $2.6 billion in stocks to five charities as part of a plan to give away the bulk of his wealth before he dies. The chairman and chief executive of investment firm Berkshire Hathaway has watched his fortune soar this year as the company's stock jumped more than 25%. In March, Forbes magazine pegged his wealth at $53.5 billion. QUIZ: How much do you know about the federal budget cuts?
MAGAZINE
May 19, 1991
I have been aware of Warren Buffett indirectly for several years due to brief references to his investments. Now, in the Los Angeles Times Magazine, we are exposed to a man with a good wit and ability to express ideas about investments. I am motivated to send you thanks. He instills confidence. HAYES CALDWELL Phoenix, Ariz .
BUSINESS
June 12, 2013 | By Shan Li
Warren Buffett, otherwise known as the Oracle of Omaha, tweeted for the third time ever this week to welcome Hillary Rodham Clinton, otherwise known as the former secretary of State and first lady of the U.S., to Twitter. "Hello @Hillaryclinton!," Buffett wrote. "Happy to welcome one of my favorite women in the world to twitter. #45" By Wednesday, the chief executive of Berkshire Hathaway known for savvy investments had deleted the tweet, but not before rampant speculation that the number 45 was a not-so-subtle suggestion that Clinton run for president in 2016.
BUSINESS
June 9, 2013 | By Salvador Rodriguez
A private lunch with Warren Buffett that benefits a charity was sold Friday on Ebay for $1,000,010. The anonymous bidder will be able to take seven of his or her friends with them to a steakhouse lunch in New York City for a private meal with Buffett, the billionaire investor known as the "Oracle of Omaha. " All the proceeds for the lunch will go to the Glide Foundation, a San Francisco anti-poverty nonprofit group. For the past 14 years, Buffett has participated in the "Power Lunch" auction to benefit Glide, and over that time, he has helped raise nearly $15 million for the organization.
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