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Tuesday, January 02, 2018

With 2017 over, Warren Buffett has sealed his victory over hedge funds in a bet he made a decade ago. The Berkshire Hathaway chairman in 2007 bet $1 million that the S&P 500 would outperform a selection of hedge funds over 10 years. As of Friday, his S&P 500 index fund had compounded a 7.1% annual gain over that period. The basket of funds selected by Protégé Partners, the managers with whom he made the bet, had gained 2.1%, according to The Wall Street Journal. Buffett agreed to give the prize money to Girls Inc. of Omaha, Nebraska, a nonprofit he has previously supported. ... Buffett has long taken issue with hedge funds' promise of outperforming the market and their high fees that take away from the returns their clients earn. He has turned out to be right on both fronts.


Thursday, December 14, 2017

WASHINGTON -- President Donald Trump told a Republican member of Congress that he is willing to go after Social Security and other entitlement programs at the beginning of his second term. The Republican member of Congress spoke to a small group of reporters Thursday about a wide range of subjects on a condition of anonymity. The member said both parties and past administrations are to blame for the lack of effort to reform entitlements, citing a gap in leadership on the issue. "Until you have an administration willing to actually tackle entitlement reform, the idea that Congress is just going to magically produce it on its own," said the lawmaker. "Entitlement reform always takes leadership at the presidential level and it also takes -- by the way, real reform takes bipartisanship." When asked about Trump's level of serious on the issue, the Republican said the president would not touch Social Security "u ntil the first day of his second term, he told me once." read more


Monday, December 04, 2017

The shortlist of candidates for TIME's 2017 Person of the Year was unveiled Monday morning on NBC's Today. Since 1927, TIME has identified the Person of the Year, recognizing the person or group of people who most influenced the news during the past year, for better or for worse. Along with the leader of North Korea, Donald Trump is against the following other nominees: President Xi Jinping of China, Amazon billionaire Jeff Bezos, NFL quarterback Colin Kaepernick, Crown Prince Mohammed bin Salman of Saudi Arabia, Wonder Woman director Patty Jenkins, DACA Dreamers, the #MeToo movement and special prosecutor Robert Mueller.


Thursday, November 16, 2017

The company behind Cards Against Humanity, the self-described "party game for horrible people," has purchased a vacant plot of land on the US-Mexico border, just to get in the way of President Trump's planned wall. Cards Against Humanity harbors no illusions that it'll be able to stop the construction of the wall entirely. But the company has hired a law firm specializing in eminent domain, just "to make it as time-consuming and expensive as possible for the wall to get built," it said on a new website dubbed "Cards Against Humanity Saves America." read more


Comments

#18; Fishpussy, have you anything but false equivalencies?

Here is a typical trump unscripted speech;

"Look, having nuclear -- my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, OK, very smart, the Wharton School of Finance, very good, very smart -- you know, if you're a conservative Republican, if I were a liberal, if, like, OK, if I ran as a liberal Democrat, they would say I'm one of the smartest people anywhere in the world -- it's true! -- but when you're a conservative Republican they try -- oh, do they do a number -- that's why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune -- you know I have to give my like credentials all the time, because we're a little disadvantaged -- but you look at the nuclear deal, the thing that really bothers me -- it would have been so easy, and it's not as important as these lives are -- nuclear is powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what's going to happen and he was right, who would have thought? -- but when you look at what's going on with the four prisoners -- now it used to be three, now it's four -- but when it was three and even now, I would have said it's all in the messenger; fellas, and it is fellas because, you know, they don't, they haven't figured that the women are smarter right now than the men, so, you know, it's gonna take them about another 150 years -- but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us."

And here is a typical Obama unscripted speech;

America, like every other nation, has made mistakes and has its flaws. But for more than two centuries we have strived at great cost and sacrifice to form a more perfect union, to seek with other nations a more hopeful world. We remain committed to a greater good, and we have citizens in countless countries who are serving in wonderful capacities as doctors and as agricultural specialists, people -- teachers -- people who are committed to making the world a better place.

We're also a country of different backgrounds and races and religions that have come together around a set of shared ideals. And we are still a place where anybody has a chance to make it if they try. If that wasn't true, then somebody named Barack Hussein Obama would not be elected President of the United States of America. That's the America I want you to know.

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