In its latest annual letter, released at 8am on Saturday, Warren Buffett’s Berkshire Hathaway said Q4 profit rose 15% as net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333 the previous year, while operating earnings, which exclude some investment results, were $2,665 a share, a slight miss to the $2,717 consensus estimate.
The United States has become a major exporter of crude oil since President Trump took office, sending a record 7 billion barrels into the world market last week. Like all of President Trump’s campaign promises, his plan to create “complete American energy independence” and ban Saudi Arabian oil from the U.S. market is being fulfilled ahead of schedule. During the election campaign Trump vowed to secure U.S. energy independence from “our foes and the oil cartels,” and predictably the Saudis, major donors to the Clinton campaign, were not happy with this plan.
Submitted by Howard Kunstler via Kunstler.com,
Remember that one? It was about as weird as it gets. A meme generated out of the voluminous hacked John Podesta emails that some conspiracy connoisseurs cooked up into a tale of satanic child abuse revolving around a certain chi-chi Washington DC pizza joint. I never signed on with the story, but it was an interesting indication of how far the boundaries of mass psychology could be pushed in the mind wars of politics.
Authored by Antonius Aquinas, annotated by Acting-Man's Pater Tenebrarum,
Goodbye, Socialist Paradise
Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs.
Submitted by Wayne Madsen via The Strategic Culture Foundation,
Foreign and national defense ministries around the world, as well as embassies in Washington, DC, are struggling to ascertain who is actually in charge of the U.S. government one month after Donald Trump was sworn in as president of the United States. It is a fair question, considering the conflicting statements issuing forth from the White House, State Department, and the Pentagon.