Sunday, May 1, 2016

Berkshire Profit Climbs 8.2% to $5.59 Billion on Investments

  • Railroad slumps, insurance unit hit by claims on hail storms
  • Buffett books gain on Procter & Gamble stock in Duracell deal
Berkshire Hathaway Inc.’s profit rose 8.2 percent in the first quarter as gains at manufacturing units and the investment portfolio overseen by Chairman Warren Buffett offset a slump at insurance units and the railroad.
Net income climbed to $5.59 billion from $5.16 billion a year earlier, the Omaha, Nebraska-based company said Saturday in a statement with preliminary results.

Green Zone Breach Exposes Iraq's Growing Political Paralysis

May 1

Friday, April 29, 2016

"We don't need a white man telling us that he's gonna build a wall in our land...we want him out!"

Why Over Half of Prince’s Estate Will Go to the Government

Rachel Greszler /  / 

It appears that the pop star Prince may have died without a will, leaving behind a multi-million dollar and growing estate. Although Prince has one full sister and five half-siblings, Prince’s family members will not be his biggest heirs.
Both the federal government and Minnesota’s state government will assess so-called “death taxes” or estate taxes on Prince’s assets, taking away more than half his estate. Between his physical assets—cash, investments, home, etc.—and his future royalties, Prince’s estate has been estimated to be between $300 and $500 million.
If Prince were married, he could have passed on the entirety of his estate to his spouse tax free. However, without a spouse, only $1.6 million of Prince’s estate will be free from Minnesota’s death tax and only $5.45 million will escape the federal death tax.
The combination of Minnesota’s top death tax rate of 16 percent, plus the federal government’s 40 percent rate, means that over 50 percent of Prince’s estate will go to the government.

‘Star Wars: Episode VIII’ New Photos Show Off Ship, Vintage Helmet

Spanish construction crew unearths 1,300 pound hoard of Roman coins


One Roman's loss is a modern historian's gain.
A giant trove of Roman coins dating back to the 3rd and 4th centuries B.C.E. has been unearthed in Spain by a construction crew, CNN reported Friday.

The collection of bronze coins — weighing a staggering 1,300 pounds — was buried in 19 amphoras, a type of Roman jug, in Tomares, Andalusia, near Seville. Ditch diggers who unearthed the lot were working to install a water line to a nearby park when they noticed "irregular terrain" inside a ditch, CNN reported. 
A video from The Washington Post shows researchers talking to reporters and examining the found hoard.
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