A Billionaire Case Study of Inheritance Influence, Power and Democracy
Howard Buffett, son of multibillionaire Warren Buffett, has long dominated the social and political life of the central Illinois town of Decatur. It’s a case study in how extreme wealth hollows out democracy.
Source: Howard Buffet’s Oligarchic Playground in Small-Town America
The Senate Judiciary Committee on Monday sent a letter asking Harlan Crow—the billionaire GOP megadonor who has secretly showered U.S. Supreme Court Justice Clarence Thomas with hundreds of thousands of dollars in gifts since the mid-1990s—to provide a full accounting of his financial ties to Thomas and any other judges on the high court.
Source: Nine GOP Senators (All On Judiciary) Got Checks From Harlan Crow | Crooks and Liars
Berkshire Hathaway revealed this month it had dumped nearly $US6 billion ($8.4 billion) of its US bank holdings, including a majority of its JP Morgan and Goldman Sachs shares and about a quarter of its holding in Wells Fargo. It did, however, add to its stake in Bank of America.
Golden touch: Is Warren Buffett betting against America?
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