Warren Buffett Talks About the Economy on Nightly Business Report’s 30th Anniversary Show

Reenita Malhotra — Thu, 22 Jan 2009 20:22:27 +0000

Warren Buffett, the chairman of Berkshire Hathaway says that President Obama’s #1 job is to fix is the economy but even though we have “got the right person in the operating room, but it doesn’t mean the patient is going to leave the hospital tomorrow.”

In an exclusive interview with PBS’s Nightly Business Report, Warren Buffett tells anchor Susie Gharib, that America was in an “economic Pearl harbor” last September, that went for a nosedive after October 1st 2008.

According to Buffett, America’s credit system must be partially fixed in order for the economy to have a chance of starting to turn around. But whether a fiscal stimulus is going to do this, or whether tax cuts will provide the answer, nobody seems to really know. Certainly not the economists! Buffett believes that when it comes to economics you can’t just do one thing and where the balance is struck on that will be a political question.

PBS airs a fascinating interview with America’s economic guru, Warren Buffett tonight to commemorate the 30th anniversary of Nightly Business Report. Buffett shares his views on the newly inaugurated President Obama, the recession, his company Berkshire Hathaway, the Madoff scandal and his investing principles vis-a-vis a gloomy and uncertain economic outlook.

Make sure you tune into Nightly Business Report tonight – January 22nd 2008 at your local PBS station. Check here for local listings.

If you miss the interview for some reason, then check back here tomorrow for a link to the interview online.

Image credit: Fickr (Peter Duhon)

Wall Street Cools on Coal — Along with the American Public

Carol Gulyas — Wed, 23 Apr 2008 15:33:58 +0000

I had read in Grist on April 15 that Warren Buffett’s Berkshire Hathaway had cancelled six proposed coal plants, but now it seems that opposition to building new coal plants is spreading, among Wall Street investors and the American public. Back in August 2007, 1600 Utahans signed a petition asking Buffett to cut Rocky Mountain Power’s dependence on coal, with the added message that Utahans want their utilities to investigate cleaner energy sources.

The most recent issue of Solar Today includes an article by Lester Brown of the Earth Policy Institute about the public outcry all across American which, in addition to the cost of the plants, has led to the cancellation of hundreds of coal plant construction projects. And a survey conducted by the Opinion Research Corporation, published yesterday, shows that “79% of respondents would prefer to try and meet demand through greater energy-efficiency and conservation before building more coal-fired plants. Only 19% say they disagree.” With that kind of public opposition, it’s not surprising that Wall Street is cooling on coal plants, too.

Green Options » Berkshire Hathaway

Warren Buffett Talks About the Economy on Nightly Business Report’s 30th Anniversary Show

Warren Buffett, the chairman of Berkshire Hathaway says that President Obama’s #1 job is to fix is the economy but even though we have “got the right person in the operating room, but it doesn’t mean the patient is going to leave the hospital tomorrow.”

Wall Street Cools on Coal — Along with the American Public