The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Hackensack NJ, Anna Sorokin, who was convicted on fraud charges for posing as heiress Anna Delvey, was released from prison in February 2021 but taken into U.S. Immigration and Customs Enforcement (ICE) custody on a detainer six weeks later. Sorokin is now 31 and remains in ICE custody while she waits to see whether she will be deported to Germany.
the staff of the Ridgewood blog
Omaha, Nebraska , our friend Prince Dykes of the Investors Show wanted to share a recap while he makes the rounds at his first experience at a Berkshire Hathaway Annual Meeting . Hopefully you enjoy the footage as much as we did.
Warren Buffett said he “overwhelmingly” supports President-elect Donald Trump’s choices for cabinet positions as the incoming commander-in-chief’s selections face confirmation hearings in the U.S. Senate.
“I feel that way no matter who is president,” the billionaire Berkshire Hathaway Inc. chairman and chief executive officer said Thursday in New York at the premiere of a documentary about his life. “The CEO — which I am — should have the ability to pick people that help you run a place.”
“If they fail, then it’s your fault and you got to get somebody new,” Buffett said. “Maybe you change cabinet members or something.”
Buffett, 86, backed Hillary Clinton in the U.S. presidential election, stumping for her in Omaha, Nebraska, and headlining fundraisers. The billionaire frequently clashed with Trump and scolded him for not releasing income-tax returns, as major party presidential candidates have done for roughly four decades.
Trump’s cabinet picks include Treasury Secretary nominee Steven Mnuchin, a former Goldman Sachs Group Inc. banker; former Exxon Mobil Corp. CEO Rex Tillerson as secretary of state; and retired Marine Corps General James Mattis as Defense secretary.
Since the election, Buffett has struck a more conciliatory tone toward Trump and called for unity. In an interview with CNN in November, he said that people could disagree with the president-elect, but ultimately he “deserves everybody’s respect.”
Buffett Affirms Junk Food, Citing Lack of Smiles at Whole Foods
by Noah Buhayar ,Sonali Basak
Warren Buffett, whose Berkshire Hathaway Inc. is the largest investor in Coca-Cola Co. and owns See’s Candies, affirmed his confidence in the market for sugary treats, even as the health costs of sweets become better known.
Buffett, 84, told shareholders at Berkshire’s annual meeting Saturday in Omaha, Nebraska, that happiness is important to longevity and that consumers enjoy Coke products.
“I don’t see smiles on the faces of people at Whole Foods,” he said, citing a grocery chain known for offerings such as almond butter and organic frozen blue curled kale.
Warren Buffett faces pressure for more disclosure
Stephen Foley in New York
Warren Buffett is under fire from investment analysts who cover his $370bn company, Berkshire Hathaway, over the quality of its financial disclosures.
While Berkshire has grown to be the third-largest company on the US stock market, its quarterly filings reveal far less detail than companies of a similar size, according to the analysts, who all urged Mr Buffett to consider expanding disclosures, particularly about Berkshire’s large insurance businesses.
Mr Buffett rejected the criticism, telling the Financial Times that Berkshire communicates “all the relevant factors for a long-term investment in the shares”.
The FT interviewed five of Berkshire’s six analysts, all of whom noted the difficulty in modelling the company’s financial results. One said Berkshire “could stand to reveal more”; others described the level of disclosure as “limited”, “poor” and “terrible”.
Berkshire’s businesses span insurance, utilities, railways, manufacturing, retail, newspapers and many more industries. Eight of its subsidiaries would be Fortune 500 companies if they were split off.
https://www.ft.com/cms/s/0/89fea440-ae1c-11e4-8d51-00144feab7de.html#axzz3RD7L0cMy
Doubling Down on Pot: Buffett Sells Upper Deck, Room to Grow
By Dakin Campbell and Noah Buhayar Sep 12, 2014 12:17 PM ET
Ice cream, candy and soft drinks helped make Warren Buffett a billionaire. Now a subsidiary of his Berkshire Hathaway Inc. is seeking to profit from pot.
Cubic Designs Inc., a unit of Berkshire’s MiTek business that makes platforms for maximizing usable floor space in warehouses, sent about 1,000 fliers to weed dispensaries in recent weeks, offering to help growers expand the number of plants they cultivate.
“Double your growing space,” the flier reads in capital letters, above an image of an indoor facility with rows of plants. Another page says, “Grow your profits.”
