Published: Tue, May 09, 2017
Hi-Tech | By Ted Wilson

Buffett criticizes United and its CEO over dragging incident


Speaking on CNBC television, Mr. Buffett said, "It's a defect of mine" that he doesn't focus as closely on the efficiency of business units at Berkshire Hathaway Inc., the conglomerate he has run since 1965.

"It is a huge tax cut for guys like me", Buffett said, adding it would lower his federal income tax by 17 percent if it goes into effect.

This "incentivized the wrong type of behaviour", and former Chief Executive John Stumpf, who lost his job over the scandal, was too slow to fix the problem, Buffett said.

On CNBC's "Squawk Box" on Monday, Buffett said, "If I was forced to buy [Google-parent Alphabet] or short it, I'd buy it; same way with Amazon".

The bank last fall said that its employees opened up 2 million bank accounts without customer approval to meet unrealistic sales goals. With big slugs of Berkshire Hathaway's portfolio struggling, including Wells Fargo and IBM, returns are converging with the S&P 500. "The CEO has to act", Buffett said.

Manatee to observe 'important' National Day of Prayer
Children's pastor Jerome Jones of Church on the Rock will pray for families and Caleb Hoopengardner will pray for businesses. Participants joined in the prayers , frequently adding "Amen!" and waving American flags as the prayers were offered.

Warren Buffett continues looking for major acquisitions for Berkshire Hathaway.

He told Berkshire shareholders on Saturday that Geico, a Berkshire subsidiary, was paying Google $10 per click whenever someone clicked on its ads.

Buffett says he likes to keep at least $20 billion to $25 billion on hand for emergencies or any large insurance claims, but he's actively looking for a big deal.

"Beyond that, we have to have policies that take care of the people that become the roadkill in the process", Buffett said.

At the annual meeting of his Berkshire Hathaway Inc he again pressed the argument that, in aggregate, investment professionals are not worth their fees - and that people would be better off sticking their money in a low-priced index fund. "Autonomous vehicles widespread would hurt us", the 86-year-old investor said.

San Antonio Spurs' Parker out for rest of playoffs with knee injury
Regardless of what the Spurs do, and who the Spurs decide to play, Beverley knows they won't just roll over because of one injury. Houston's James Harden , Washington's John Wall and Golden State's Stephen Curry have all tweaked ankles, yet escaped major harm.

Berkshire's top two executives on Saturday acknowledged that they missed out on investing in Google years ago, but they expressed pride in the company they built through acquisitions and said they believe it would thrive for decades to come.

"Change is painful for a lot of people", he said.

"I don't think that the success of the technology sector will be improved by some tax change", Gates said.

Buffett also called rising medical costs the "tapeworm of American economic competitiveness", claiming it has been health care expenses, as opposed to high corporate taxes, that are holding companies back.

Buffet rightly explained during Berkshire Hathaway's annual meeting on Saturday that if driverless cars do become extremely widespread, it will only be due to their high safety relative to passenger vehicles.

14-year-old cancer survivor to announce Ravens' 1st pick
Aside from Wallace and Breshad Perriman , the Ravens' wide receiver depth chart is filled with a bunch of unproven names. Obviously, they're still going to need plenty of offense to get anywhere, and they have work to do on that subject.

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