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...from perfect - a concept car it revealed at the Paris auto show this year had its tires mounted backwards - but it received a boost last fall when American financial wizard Warren Buffett bought 10% of the company for $230 million, a stake that is now worth at least four times as much. "BYD is obviously way ahead of everyone," says Jack Perkowski, a Beijing-based businessman who has worked as an executive in the Chinese auto industry. "It has a core competency in the fundamental technology you need for electrics...

Author: /time Magazine | Title: Electric Cars: China's Power Play | 8/31/2009 | See Source »

...kind of has blinders on in the sense that he doesn't worry about the politics and all the other stuff that might be swirling around, and I think that's really what makes him so successful." -Warren T. Bamford, special agent in charge of the FBI's Boston office. (Boston Globe, January...

Author: /time Magazine | Title: CIA Abuse Investigator John Durham | 8/26/2009 | See Source »

...gold is not an important part of your portfolio? I've never understood gold and why you would want to own an asset that has no income return and actually costs you money to own and store. I sort of agree with what [Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...Wilson's hometown, gave the President miniature ivory portraits of his parents. George W. Bush in 2006 got a belt buckle from visiting Canadian Prime Minister Stephen Harper and cuff links from his staff. But the best presents of all have been the priceless ones. On Nov. 2, 1920, Warren Harding returned from a golfing excursion to find 55 small pink candles on a frosted white cake. Then he sat back to await the election returns - and learned he had been elected President. On May 8, 1945, Harry Truman got an even better gift for his 61st birthday: Germany surrendered...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

After we prayed about some burgers and then ate some burgers, a troupe member took me to the worship center to see the end of the sermon being given by Warren, who apparently was our warm-up act. He did not make me laugh once. Then as the full house of 160 took their seats in a small meeting room next to the church, we gathered to pray about our performance. Preshow praying, as most professional comedians will tell you, is not quite as confidence-building as shots of Cuervo. (See TIME's 2008 cover on Rick Warren...

Author: /time Magazine | Title: Christian Improv: What's Funny at Warren's Church | 7/27/2009 | See Source »

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