Showing posts sorted by relevance for query warren buffet. Sort by date Show all posts
Showing posts sorted by relevance for query warren buffet. Sort by date Show all posts

Friday, September 16, 2022

Warren Buffet Long Ago Needed To Go Out Like One Of These Mysteriously Dying Russian Oligarchs

Warren Buffet should be sorely ashamed of himself, but Obama called his greedy POS cousin “an example of what’s best in this country” before he became President. And Buffett was widely reported as Obama’s best buddy in 2011. 

Warren Buffett’s Exploitative Mobile Home Investment – Forbes

Warren Buffett’s mobile home empire preys on the poor

Special Investigation: The Dirty Secret Behind Warren Buffett’s Billions

Buffet is the self-same POS who bankrolled and ran the scam shyster Black Lives Matter chicanery and who was just now on the verge of triggering a rail workers strike that would have absolutely crippled supply chains all across the United States.

commondreams |  "Warren Buffett, the owner of BNSF Railway's parent company, worth $100 billion, must intervene," said the Vermont senator. "During the pandemic, Mr. Buffett became $36 billion richer."

With rail workers on the verge of launching a national strike over atrocious conditions and a lack of sick days, Sen. Bernie Sanders on Tuesday called on billionaire Warren Buffett to intervene and ensure that BNSF Railway—a company owned by Buffett's Berkshire Hathaway—offers its employees adequate pay and quality-of-life policies as negotiations remain stalled.

"In the midst of a potential rail strike, Warren Buffett, the owner of BNSF Railway's parent company, worth $100 billion, must intervene," Sanders (I-Vt.) wrote on social media. "During the pandemic, Mr. Buffett became $36 billion richer. He must ensure that rail workers receive decent wages and safe working conditions."

"The railroad industry, which made $20 billion in profits last year, cannot continue to deny workers paid sick leave."

Buffett—who famously said "there's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning"—has previously dismissed Sanders' requests to step in on the side of workers in contract disputes involving the billionaire investor's companies.

Members of several national U.S. rail unions could go on strike Friday as freight rail carriers refuse to budge on workers' push for changes to attendance policies that the unions say are "destroying the lives of our members." BNSF and Union Pacific Railroad both have points-based attendance policies that penalize employees even if they're forced to take a day off due to a family emergency or doctor's visit.

"Penalizing engineers and conductors for getting sick or going to a doctor's visit with termination must be stopped as part of this contract settlement," the heads of SMART Transportation Division and the Brotherhood of Locomotive Engineers and Trainmen said in a statement Sunday. "Let us repeat that, our members are being terminated for getting sick or for attending routine medical visits as we crawl our way out of a worldwide pandemic."

Sanders, the chair of the Senate Budget Committee and a longtime ally of the labor movement, spotlighted the rail workers' fight for better conditions on Tuesday, declaring that "the railroad industry, which made $20 billion in profits last year, cannot continue to deny workers paid sick leave."

"It is unacceptable and dangerous for conductors and engineers to be on call for 14 consecutive days, 12 hours a day, and then get fired for going to a doctor," the senator added.

Saturday, September 17, 2022

Never Forget That BLM Was/Is A Warren Buffet Production (Originally Posted 10/13/20)

 Obama's The Poster Child And His Cousin Warren Buffet's The Money Behind Black Lives Matter

tabletmag  |  Tides was founded in 1976 by Drummond Pike, a California real estate investor who named the entity after a Bay Area bookstore popular among left-leaning activists. From the beginning, according to their own documents, Tides was designed unlike most other nonprofit institutions. Rather than building up or spending down an endowment, it sought to become more like a sophisticated piece of software—a financial instrument that would allow wealthy individuals and donors to contribute to the causes of their choosing with more anonymity than is generally allowed by the laws governing ordinary nonprofits.

Recently, after Pike stepped away, the Tides network has taken on a distinctly political role, whose guiding star appears to be Barack Obama. The secretary of the Tides board is Suzanne Nossel, the CEO of PEN America and a former deputy assistant secretary of state for international organizations in the Obama administration; board member Cheryl Alston was appointed by Obama to the advisory committee of the federal pension program. Peter Buttenwieser, the heir to the Lehman Brothers fortune who passed away in 2018, financed a fund in his own name which is administered and distributed entirely by the Tides Foundation. A “major behind-the-scenes supporter of Democratic candidates,” Buttenwieser was one of President Obama’s earliest high profile backers, helping the then-senator organize his bid for the White House.

Moreover, Atlantic Philanthropies, a nonprofit created by billionaire retailer Chuck Feeney in the 1980s, has directed more than $42 million in grants through the Tides network since 2000. Based in Bermuda, Atlantic Philanthropies was able to participate in political lobbying efforts in ways that continental United States nonprofits cannot. Atlantic became increasingly aggressive under the Obama administration. As Gara LaMarche, Atlantic’s president, said in one think tank address, when Obama was elected “we saw opportunities to assist our grantees in moving forward more rapidly and broadly in a number of areas central to our mission.” In return, Atlantic dispensed $27 million to help push Obamacare through Congress. At the ceremony to sign Obamacare into law, LaMarche stood beside President Obama in the East Room of the White House.

In any case, what’s clear is that there is now a sophisticated and complex structure underneath what many assume to be an organic and spontaneous social movement, one with deep pockets and ambitious goals. “After over fourteen years of learning and over 700 million dollars invested ... the collapse we have been expecting is surely underway,” reads the NoVo Foundation’s website. Right now there’s only this one statement on the site, which is under construction as noted: “Working on solutions now so old patterns of power can’t, once again, re-form to rebuild and continue to repress.”

Wednesday, December 09, 2020

The World Economic Forum Is Where BLM's "Trained Marxist" National Leadership Goes

 
To global neoliberalism’s headquarters, to the World Economic forum, wherein is planned the 4iR and 4th Globalization. 
Bill Clinton crossed a picket line and Angela Davis has been promoting the WEF. Warren Buffet and other billionaire backers have been getting quite a return on their investment. Maybe BLM leadership is not as leftist as they claim. If they’re planning a WEF-backed revolution, what’s their “trained Marxist” plan? Using Marxist analysis to promote and excuse mass layoffs, gig economy work, and increasing monopoly power?
 
If the political/economic current system is good at nothing else, it is good at identifying who to co-opt, who to buy off, and who to marginalize. It’s the same way original black revolutionaries were co-opted into the afrodemic complex, and how civil rights negroes became reliable cogs in the DNC political machine. It’s how some Sixties firebrands were neutered into mild-mannered academics and DNC aparatchiks, while others were shuffled off into obscurity.
 
Much like the first conspirator to snitch on his comrades gets the best deal, the same holds true for aspiring sell-outs.
 
Question: is there even “a national BLM leadership”, with lines of authority and meetings and a board of directors and everything? 

usatoday |  “I’m really proud of the work we’ve been able to do in the last seven years,” Patrisse Cullors, co-founder and chairwoman of the Black Lives Matter Global Network Foundation, said in a statement. “What is clear is that Black Lives Matter shares a name with a much larger movement and there are literally hundreds of organizations that do impactful racial and gender justice work who make up the fabric of this broader movement.”
 
 The foundation has already identified several movement organizations that it would like to support, said Cullors, who declined to name the groups. The foundation says it will “prioritize mutual aid organizations, direct service and organizations focused on creating sustainable improvements in the material conditions for all black people.” It also looks to support black lesbian, gay, bisexual and transgender-led groups.

Over its nearly six years of existence, the BLM Global Network had received contributions from high-profile donors, including A-list entertainers such as Jay-Z, Beyoncé and Prince, who contributed to BLM mere weeks before his death in 2016. But unanswered questions of transparency and access to those gifts left some organizers in network affiliate chapters frustrated.

Friday, April 18, 2014

why capitalists do not want recovery and what that means for america...,


bnarchives |  Can it be true that capitalists prefer crisis over growth? On the face of it, the idea sounds silly. According to Economics 101, everyone loves growth, especially capitalists. Profit and growth go hand in hand. When capitalists profit, real investment rises and the economy thrives, and when the economy booms the profits of capitalists soar. Growth is the very lifeline of capitalists.

Or is it?

What motivates capitalists?

The answer depends on what motivates capitalists. Conventional economic theories tell us that capitalists are hedonic creatures. Like all other economic “agents” – from busy managers and hectic workers to active criminals and idle welfare recipients – their ultimate goal is maximum utility. In order for them to achieve this goal, they need to maximize their profit and interest; and this income – like any other income – depends on economic growth. Conclusion: utility-seeking capitalists have every reason to love booms and hate crises.

But, then, are capitalists really motivated by utility? Is it realistic to believe that large American corporations are guided by the hedonic pleasure of their owners – or do we need a different starting point altogether?

So try this: in our day and age, the key goal of leading capitalists and corporations is not absolute utility but relative power. Their real purpose is not to maximize hedonic pleasure, but to “beat the average.” Their ultimate aim is not to consume more goods and services (although that happens too), but to increase their power over others. And the key measure of this power is their distributive share of income and assets.

Note that capitalists have no choice in this matter. “Beating the average” is not a subjective preference but a rigid rule, dictated and enforced by the conflictual nature of the system. Capitalism pits capitalists against other groups in society – as well as against each other. And in this multifaceted struggle for greater power, the yardstick is always relative. Capitalists – and the corporations they operate through – are compelled and conditioned to accumulate differentially; to augment not their personal utility but their relative earnings. Whether they are private owners like Warren Buffet or institutional investors like Bill Gross, they all seek not to perform but to out-perform – and outperformance means re-distribution. Capitalists who beat the average redistribute income and assets in their favor; this redistribution raises their share of the total; and a larger share of the total means greater power stacked against others. In the final analysis, capitalists accumulate not hedonic pleasure but differential power.

Tuesday, January 31, 2023

In 2023 Novel Resistance Compositions Will Be Expeditiously Crushed By Enhanced Repression

Dale made me aware of a video in which Gonzalo Lira outgasses nonsense from his pie hole in sufficient volume and density so as to subvert the credibility of everything else he has here-to-date said about Ukraine.  In this instance, he's so completely out of his depth and out of his mind talm'bout major riots coming to major American cities this spring in response to police violence. NOPE! Nyet! No way, no how! Nah Gah Happen....,

Ever since the Occupy Movement got b-slapped out of existence by a coordinated Federal clampdown, the Michael Brown uprisings, followed by the George Floyd uprisings, (A BLM/DNC Warren Buffet production) and finally the mass incarceration of every redneck peckerwood and his cousin who got caught up in January 6th Stop the Steal shenanigans - it has become conspicuously obvious to the casual observer that THE MAN is not fucking around and has not been for quite some time.

Everything else is - as they say - merely conversation.....,

TheIntercept  |  The recent wave of arrests are part and parcel of a “green scare,” which began in the 1990s and has seen numerous environmental and animal rights activists labeled and charged as terrorists on a federal level consistently for no more than minor property destruction. Yet the Atlanta cases mark the first use of a state domestic terrorism statute against either an environmental or anti-racist movement.

The 19 protesters are being charged under a Georgia law passed in 2017, which, according to the Republican state senator who introduced the bill, was intended to combat cases like the Boston Marathon bombing, Dylann Roof’s massacre of nine Black churchgoers in Charleston, South Carolina, and the Orlando Pulse nightclub shooting.

“During legislative debate over this law, the concern was raised that as written, the law was so broad that it could be used to prosecute Black Lives Matter activists blocking the highway as terrorists. The response was simply that prosecutors wouldn’t do that,” Kautz told me. “There are similar laws passed in many other states, and we believe that the existence of these laws on the books is a threat to democracy and the right to protest.”

The Georgia law is exceedingly broad. Domestic terrorism under the statute includes the destruction or disabling of ill-defined “critical infrastructure,” which can be publicly or privately owned, or “a state or government facility” with the intention to “alter, change, or coerce the policy of the government” or “affect the conduct of the government” by use of “destructive devices.” What counts as critical infrastructure here? A bank branch window? A police vehicle? Bulldozers deployed to raze the forest? What is a destructive device? A rock? A firework? And is not a huge swathe of activism the attempt to coerce a government to change policies?

Police affidavits on the arrest warrants of forest defenders facing domestic terror charges include the following as alleged examples of terrorist activity: “criminally trespassing on posted land,” “sleeping in the forest,” “sleeping in a hammock with another defendant,” being “known members” of “a prison abolitionist movement,” and aligning themselves with Defend the Atlanta Forest by “occupying a tree house while wearing a gas mask and camouflage clothing.”

It is for good reason that leftists, myself included, have challenged the expansion of anti-terror laws in the wake of the January 6 Capitol riots or other white supremacist attacks. Terrorism laws operate to name the state and capital’s ideological enemies; they will be reliably used against anti-capitalists, leftists, and Black liberationists more readily than white supremacist extremists with deep ties to law enforcement and the Republican right.

Since its passage in 2017, the Georgia domestic terrorism law has not resulted in a single conviction. As such, there has been no occasion to challenge the law’s questionable constitutionality. Chris Bruce, policy director at the American Civil Liberties Union of Georgia, told the Atlanta Journal-Constitution that “the statute establishes overly broad, far-reaching limitations that restrict public dissent of the government and criminalizes violators with severe and excessive penalties.” He said of the forest defender terror charges that they are “wholly inapposite at worst and flimsy at best.”

“The state is attempting to innovate new repressive prosecution, and I think ultimately that will fail for them,” Sara, a 32-year-old service worker who lives by the imperiled forest and has been part of Stop Cop City since the movement began, told me.

Tuesday, October 13, 2020

Obama's The Poster Child And His Cousin Warren Buffet's The Money Behind Black Lives Matter

tabletmag  |  Tides was founded in 1976 by Drummond Pike, a California real estate investor who named the entity after a Bay Area bookstore popular among left-leaning activists. From the beginning, according to their own documents, Tides was designed unlike most other nonprofit institutions. Rather than building up or spending down an endowment, it sought to become more like a sophisticated piece of software—a financial instrument that would allow wealthy individuals and donors to contribute to the causes of their choosing with more anonymity than is generally allowed by the laws governing ordinary nonprofits.

Recently, after Pike stepped away, the Tides network has taken on a distinctly political role, whose guiding star appears to be Barack Obama. The secretary of the Tides board is Suzanne Nossel, the CEO of PEN America and a former deputy assistant secretary of state for international organizations in the Obama administration; board member Cheryl Alston was appointed by Obama to the advisory committee of the federal pension program. Peter Buttenwieser, the heir to the Lehman Brothers fortune who passed away in 2018, financed a fund in his own name which is administered and distributed entirely by the Tides Foundation. A “major behind-the-scenes supporter of Democratic candidates,” Buttenwieser was one of President Obama’s earliest high profile backers, helping the then-senator organize his bid for the White House.

Moreover, Atlantic Philanthropies, a nonprofit created by billionaire retailer Chuck Feeney in the 1980s, has directed more than $42 million in grants through the Tides network since 2000. Based in Bermuda, Atlantic Philanthropies was able to participate in political lobbying efforts in ways that continental United States nonprofits cannot. Atlantic became increasingly aggressive under the Obama administration. As Gara LaMarche, Atlantic’s president, said in one think tank address, when Obama was elected “we saw opportunities to assist our grantees in moving forward more rapidly and broadly in a number of areas central to our mission.” In return, Atlantic dispensed $27 million to help push Obamacare through Congress. At the ceremony to sign Obamacare into law, LaMarche stood beside President Obama in the East Room of the White House.

In any case, what’s clear is that there is now a sophisticated and complex structure underneath what many assume to be an organic and spontaneous social movement, one with deep pockets and ambitious goals. “After over fourteen years of learning and over 700 million dollars invested ... the collapse we have been expecting is surely underway,” reads the NoVo Foundation’s website. Right now there’s only this one statement on the site, which is under construction as noted: “Working on solutions now so old patterns of power can’t, once again, re-form to rebuild and continue to repress.”

Monday, April 11, 2016

how economists rode math to become this era's astrologers...,



aeon |  Since the 2008 financial crisis, colleges and universities have faced increased pressure to identify essential disciplines, and cut the rest. In 2009, Washington State University announced it would eliminate the department of theatre and dance, the department of community and rural sociology, and the German major – the same year that the University of Louisiana at Lafayette ended its philosophy major. In 2012, Emory University in Atlanta did away with the visual arts department and its journalism programme. The cutbacks aren’t restricted to the humanities: in 2011, the state of Texas announced it would eliminate nearly half of its public undergraduate physics programmes. Even when there’s no downsizing, faculty salaries have been frozen and departmental budgets have shrunk.

But despite the funding crunch, it’s a bull market for academic economists. According to a 2015 sociological study in the Journal of Economic Perspectives, the median salary of economics teachers in 2012 increased to $103,000 – nearly $30,000 more than sociologists. For the top 10 per cent of economists, that figure jumps to $160,000, higher than the next most lucrative academic discipline – engineering. These figures, stress the study’s authors, do not include other sources of income such as consulting fees for banks and hedge funds, which, as many learned from the documentary Inside Job (2010), are often substantial. (Ben Bernanke, a former academic economist and ex-chairman of the Federal Reserve, earns $200,000-$400,000 for a single appearance.)

Unlike engineers and chemists, economists cannot point to concrete objects – cell phones, plastic – to justify the high valuation of their discipline. Nor, in the case of financial economics and macroeconomics, can they point to the predictive power of their theories. Hedge funds employ cutting-edge economists who command princely fees, but routinely underperform index funds. Eight years ago, Warren Buffet made a 10-year, $1 million bet that a portfolio of hedge funds would lose to the S&P 500, and it looks like he’s going to collect. In 1998, a fund that boasted two Nobel Laureates as advisors collapsed, nearly causing a global financial crisis.

The failure of the field to predict the 2008 crisis has also been well-documented. In 2003, for example, only five years before the Great Recession, the Nobel Laureate Robert E Lucas Jr told the American Economic Association that ‘macroeconomics […] has succeeded: its central problem of depression prevention has been solved’. Short-term predictions fair little better – in April 2014, for instance, a survey of 67 economists yielded 100 per cent consensus: interest rates would rise over the next six months. Instead, they fell. A lot.

Nonetheless, surveys indicate that economists see their discipline as ‘the most scientific of the social sciences’. What is the basis of this collective faith, shared by universities, presidents and billionaires? Shouldn’t successful and powerful people be the first to spot the exaggerated worth of a discipline, and the least likely to pay for it?

In the hypothetical worlds of rational markets, where much of economic theory is set, perhaps. But real-world history tells a different story, of mathematical models masquerading as science and a public eager to buy them, mistaking elegant equations for empirical accuracy.

Monday, March 28, 2011

search is google's castle, everything else is moat

TechCrunch | Google is moving in many directions—mobile, browsers, productivity apps, operating systems, social. At first glance, it may seem like it is trying ever so hard to move beyond its giant one-trick pony: search. What people keep forgetting is that it is a pretty good trick. Benchmark Capital VC Bill Gurley reminds us how good this trick is in an excellent post that looks at Google’s market expansion strategy not as one of a series of aggressive offensives, but rather a highly defensive strategy.

Warren Buffet famously describes the best businesses as “economic castles protected by unbreachable ‘moats.’” Search is Google’s economic castle (perhaps with other forms of online advertising such as display thrown in there), and everything else is a moat trying to protect that castle. Android is a moat. The Chrome browser is a moat. The Chrome OS is a moat. Google Apps is a moat. These are all free products, subsidized by search profits, that are intended to protect the economic castle that is search.

Gurley goes further and says not only does Google build moats around itself, but then it scorches the earth surrounding the moat:
So here is the kicker. Android, as well as Chrome and Chrome OS for that matter, are not “products” in the classic business sense. They have no plan to become their own “economic castles.” Rather they are very expensive and very aggressive “moats,” funded by the height and magnitude of Google’s castle. Google’s aim is defensive not offensive. They are not trying to make a profit on Android or Chrome. They want to take any layer that lives between themselves and the consumer and make it free (or even less than free). Because these layers are basically software products with no variable costs, this is a very viable defensive strategy. In essence, they are not just building a moat; Google is also scorching the earth for 250 miles around the outside of the castle to ensure no one can approach it. And best I can tell, they are doing a damn good job of it.
Remember, what is the default search engine of Android and Chrome? It’s Google. Android and Chrome are merely distribution nodes feeding into search. Without Android, Google would be more vulnerable to becoming displaced as the default search engine on mobile phones. The Chrome browser similarly keeps Google search front and center, just in case Firefox ever decides to go with Bing.

But the way that Google creates its moats, ravages the industries it enters because it offers it products for free or less than free. Carriers and cell phone manufacturers actually have an economic incentive to use Android. Google is essentially paying them to adopt it.

So don’t measure the success of Google’s new businesses by how much revenue or profit they generate directly. Measure it by how much they shore up Google’s core search business. Fist tap Dale.

Tuesday, February 16, 2021

Warren Buffet's BLM Global Network Losing Its Grassroots Due To Lack Of Transparency And DNC Control

BAR  |  Black Lives Matter Inland Empire, in an open letter, last week announced its departure from the cash-heavy Black Lives Global Network.

“The issue of greatest concern for us is the relationship between the Global Network and the Democratic Party.”

To our community,

Recently, a group of BLM chapters known as the BLM 10 has come forward to voice their concerns and opposition to the Global Network. Those concerns, along with the egregious conduct the Global network demonstrated on Dr. Martin Luther King’s birthday, have brought us to the conclusion that continuing to remain silent would be an act of betrayal. While the issues and problems that have been raised have been well known within our circle for years, it prompted many questions & concerns for us locally. We’d like to let the community know everything outlined in the statement put out by the BLM 10 is valid. We’ve also reached out to the BLM 10 and offered to sign on in support. Hopefully, we can provide insight and clarification into our chapter’s history, our relationship with the global network, and our commitments going forward. 

When BLM IE first started, we were originally known as the Black and Brown Underground (BBU). In 2015 we were approached by an individual named Patrisse Cullors, who offered us an opportunity to join the Global Network and organize as a Black Lives Matter chapter.  After hearing her proposal, we believed that our work, direction, and principles aligned and agreed to join the network; renaming ourselves Black Lives Matter Inland Empire in the process. We were told that the organization we were joining was decentralized and leaderless, but we quickly discovered that was not the case. The Global Network is a top-down dogmatic organization that promotes certain chapters that choose to align with their direction and sequester the ones that don’t. For us locally, that chapter has been Los Angeles.

“Continuing to remain silent would be an act of betrayal.”

For years, the leadership of the Los Angeles chapter has aligned with the Global network and One United Bank to impose on various chapters, particularly ours. We believe that while doing this they received substantial donations and funding, despite them continually soliciting the community for donations. Together, the Los Angeles Chapter along with the Global Network have consistently tried to strong-arm other groups and have worked to undermine a grassroots movement by capitalizing on unpaid labor, suppressing any internal attempt at democracy, commodifying Black death, and profiting from the same pain and suffering inflicted on Black communities that we’re fighting to end. In spite of being ostracised, receiving no financial support, and the maltreatment from both the Global Network and Los Angeles Chapter we’ve maintained our composure while working to the benefit of our community and victims of state sanctioned violence. 

Clearly, we do not have the same beliefs or sense of ethics. We no longer feel, as we initially did, that our politics align. As a result, we are announcing that we are no longer associated or connected to the BLM Global Network. As an attempt to distance ourselves, we have decided to rename part of our organization The Black Power Collective while we restructure. 

The use of the BLM name, which we believed was intended to unify our struggle, has been commodified and debased. It is now being used to sell products, acquire book deals, T.V. deals, and speaking engagements. We have no interest in these pursuits, and we are opposed to the movement to substitute Black capitalism for white capitalism. It has become clear that the Global network and certain figures have platformed our struggles with the sole purpose of exploiting our labor.

“The BLM name is now being used to sell products, acquire book deals, T.V. deals, and speaking engagements.”

 Furthermore, the issue of greatest concern for us is the relationship between the Global Network and the Democratic Party. This is hypocritical at best, as the Democratic Party has historically rejected and ignored BLM’s demands and has made it clear that they are pro-police, pro-prison, and committed to capitalism. From Obama’s support of police and his double-cross of Erica Garner, to “Top Cop” Kamala Harris’ denial of justice for Matrice Richardson, even going back to the 1994 Crime Bill authored by Joe Biden along with the Prisoner Litigation Reform Act that stripped basic human rights from countless Black peoplethe Democratic Party has literally created the conditions that led to the formation of this movement. Even now, the Democractic party continues to support imperialism, killing African heads of state, bombing Somalia, abusing immigrants (including those of the Black diaspora), and spreading the U.S. military throughout Black and Brown countries around the world. This is a party that is a threat both here and internationally. To ally with them is to ally against ourselves.

When Zakharova Talks Men Of Culture Listen...,

mid.ru  |   White House spokesman John Kirby’s statement, made in Washington shortly after the attack, raised eyebrows even at home, not ...