Word: buffett
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...asked Schwarzenegger about the imbalance, especially the property-tax situation-a problem the Governor's informal financial adviser, Warren Buffett, has said was key to solving California's fiscal crisis. "We looked at that," Schwarzenegger told me, "but we decided that California had a spending problem, not a revenue problem." This seemed palpably ridiculous, given that California is 42nd in the nation in per-pupil education spending. But the Governor wasn't budging, and our conversation drifted into his standard riffs, some of them quite entertaining, about the "dinosaurs" in Sacramento who introduce bills about "plastic surgery for dogs...
...mean it's legal," Spitzer says. And if Greenberg misled investors intentionally, it would be fraud. But most believe he was swallowed by the shifting sand. Ethical lapses that regulators all but ignored yesterday now get their full attention--which should give executives everywhere pause. Even squeaky-clean Warren Buffett, whose Berkshire Hathaway owns Gen Re, has been sullied. Buffett is not under investigation, but TIME has learned he will be interviewed by Spitzer's office in coming weeks. AIG and Buffett's office declined to comment...
...site, www.deadpeople.info, verifies that musicians Sir Paul McCartney, B.B. King, “Weird Al” Yankovic, Jimmy Buffett, and Whitney Houston, as well as perennial acting superstar Scott Baio, all remain alive...
...premium that P&G's bid provides. CEO James Kilts, for one, stands to make an estimated $123 million from selling his firm to P&G, based on last week's stock prices and options that will vest when the ink on the deal dries. Famed investor Warren Buffett has also scored big, reaping a paper profit of $567 million for Berkshire Hathaway, which owns 96 million Gillette shares. "It's a dream deal," he said in a statement, pledging to raise his stake to 100 million shares as a vote of confidence...
...Warren Buffett says it's difficult to find cheap stocks to buy; bond-market guru Bill Gross says the days of falling interest rates (and rising bond prices) are over. Real estate--the kind you live in as well as publicly traded trusts that invest in malls, offices and apartments--will stumble if, as expected, interest rates move higher. So what's an investor...