Berkshire Hathaway reported a $3.76 billion write-down for its shares in Kraft Heinz during its second quarter. This write-down reveals Berkshire Hathaway’s admission that its initial investment into the food conglomerate was overvalued and is now correcting course. Berkshire Hathaway holds over 27% of all Kraft Heinz shares. As a result, Berkshire Hathaway reported a […]
Police on Sunday continued their search for the former soldier suspected of fatally shooting four people at a Montana bar late last week. Michael Paul Brown, 45, fled from The Owl Bar in Anaconda, Montana, after allegedly committing the shooting using a rifle believed to be his personal weapon, according to authorities. Montana Attorney General […]
Sen. Mike Lee (R-UT) said on Saturday he is drafting a resolution to confirm President Donald Trump’s nominees as the confirmation process has stalled during the August recess. Senate Minority Leader Chuck Schumer (D-NY) poked fun at the president for refusing to let the White House release funding in exchange for continuing the confirmation of […]
(The Center Square) – The U.S. Department of Energy has canceled $4.9 billion in federal loans for the Grain Belt Express, a proposed multistate transmission line that faced pushback from Illinois landowners over concerns about property rights and eminent domain. State Rep. Chris Miller, R-Oakland, praised the DOE’s decision and called the project a “scam” […]
(The Center Square) – Texas Gov. Greg Abbott ceremonially signed two bills into law coauthored by freshman state Rep. Caroline Fairly, R-Amarillo, designed to expand protections for children and improve education outcomes in public schools. The laws prohibit personal communication devices in classrooms, including cell phones, smart watches, tablets and other devices, putting “parents in […]
(The Center Square) – Georgia’s population has exploded in recent years and housing has not kept up with the growth. According to a report from the Georgia Public Policy Foundation, 94 of Georgia’s 159 counties don’t have enough suitable housing. Fulton County is the state’s largest population-wise and the county seat of Atlanta. It has the […]
Sen. Alex Padilla (D-CA) on Sunday called for a bipartisan investigation into President Donald Trump‘s firing of the top Bureau of Labor Statistics official. “I think an investigation is certainly in order,” Padilla told NBC News host Kristen Welker on Meet the Press. The California Democrat’s comments come two days after Trump fired BLS Commissioner […]
National Economic Council Director Kevin Hassett agreed with President Donald Trump‘s firing of the head of the Bureau of Labor Statistics due to the “massive revisions” of the last jobs report. According to the latest BLS report, the economy added just 73,000 jobs in July and the unemployment rate rose a tenth of a percentage […]
(The Center Square) – Florida Gov. Ron DeSantis said on Friday that state law enforcement officers “have apprehended almost 3,000 illegal aliens,” with 500 of them having criminal records. DeSantis also said at a news conference in Orlando that 600 of them have been processed through the detention facility known as “Alligator Alcatraz” in the Everglades. […]
(The Center Square) – Illinois Gov. J.B. Pritzker signed 124 bills Friday impacting everything from Chicago police and fire pensions to the use of artificial intelligence for mental health therapy. Effective immediately, House Bill 3657 makes changes to Tier 2 Chicago Police and Firefighter pension benefits. Chicago Mayor Brandon Johnson said the measure was incomplete when asked […]
