Sen. Udall Urges for Billions More in Wind Subsidies

Major donor is biggest wind producer in the country
AP

Sen. Mark Udall is pleading for an extension for billions in subsidies to prop up the wind industry, a fight to protect tax credits utilized by Warren Buffett and one of the Colorado Democrat’s top donors.

Oligarchy in the Twenty-First Century

Column: Think rich conservatives rule the world? Think again.
Sean Eldridge poses with a local commoner. (Facebook)

“To see what is in front of one’s nose,” George Orwell famously wrote, “needs a constant struggle.” In front of my nose as I write this is a copy of last Sunday’s New York Times. I have opened it to the business section. Below the fold is one of many Times articles on Thomas Piketty, the French economist and author of Capital in the Twenty-First Century, which argues that America has entered a second Gilded Age of vast inequality, inherited fortunes, and oligarchic politics, where the shape of public discourse and public policy is determined by a wealthy few.

Meathead Wins Again

Column: Tax deal is a victory for Hollywood cronyism
AP

My least favorite political cliché—that liberal donors don’t ask for anything in return for campaign contributions—was exposed as laughably false by the Kick the Can Down the Road Act of 2012, also known as the American Taxpayer Relief Act, or the “fiscal cliff deal.”

The Media Mogul Protection Racket

Column: Want a pass from negative coverage? Fund the liberal press
Carlos Slim, Warren Buffett, Michael Bloomberg, Chris Hughes

I was halfway into the latest celebratory profile of Chris Hughes, the Facebook multi-millionaire and owner of the New Republic, when I was struck by the following idea, which I provide free of charge. If you are a millionaire or billionaire looking to avoid negative or critical or even remotely credulous press coverage, stop what you are doing, invest in a media property, and employ liberal writers and editors. You will probably lose a lot of money, but the intangible benefits of slavish praise and deflected criticism will be priceless.

Obama Campaign Borrows $15M from Bank of America

Warren Buffett invested $5B in BofA last year
Obama-Buffett

Obama For America took out a $15 million loan from Bank of America last month, according to the campaign’s October monthly FEC report. The loan was incurred on September 4 and is due November 14, eight days after the election.

The New Buffett Rule

Warren Buffet / AP

Warren Buffett’s Bank of America is implementing a plan that will lay off 16,000 workers by the end of the year, the Wall Street Journal reported.