Newspapers that fail to adapt to the 21st century won’t be around for the 22nd. Some newspaper publishers want to abandon printed newspapers to survive in the digital free-for-all.
Resolved: No American citizen shall be required to pay federal income taxes at a rate higher than the country's millionaire president pays.
Today's reigning king of corporate greed is Heinz CEO William Johnson, who stands to reap a staggering $212.7 million payout if he leaves the company when it is taken private by multibillionaire Warren Buffett ("Heinz deal under FBI, SEC fire for insider trading suspicions," Web, Feb. 20). I have always supported the capitalist, free-enterprise system, which enables individuals to parlay their skills into great deals of wealth. The Johnson package, however, like so many others in this era of unrestrained money-grabbing, goes beyond reason. It is legal, but not ethical or honorable.
Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.
I have long contended that public policy issues are as complicated as they appear because the giants of Capitol Hill like it that way, particularly the giants of the left. Bills can be written more simply. Decisions can be phrased with a certain lucidity.
Billionaire Warren Buffett's Berkshire Hathaway said Monday that it is buying the Tulsa World, bringing its newspaper unit to 28 small- or medium-sized dailies.
Sir Richard Branson is the latest in high-profile billionaires to pledge half of his Virgin Group fortune to charity. Mr. Branson has added his name to the Giving Pledge campaign set up by U.S. investor Warren Buffett and Microsoft founder Bill Gates, The Daily Mail reports.
First the SEC, now the FBI. Warren Buffett's Berkshire Hathaway fund, which bought Heinz last week for $23 billion, is under a cloud of investigation for suspicious trade deals that were tracked in the lead-up to the purchase.
With the automatic cuts looming March 1, the Obama administration is offering more specifics on what lower spending would mean, pointing to everything from fewer agents on the U.S.-Mexico border to cutting funding for special education in school districts around the country.