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Berkshire Hathaway Vice Chairman Charlie Munger gave his views about Robinhood, zero-commission trading, and the GameStop frenzy on Wednesday. Speaking at the Q&A portion of the annual meeting of the Daily Journal, a technology and publishing company where Munger is also executive chairman, the 97-year-old held little back, impugning the no-commission business model as “a dirty way to make money.” When asked about the GameStop trading frenzy that unfolded in January, Munger said his views… Source link

CANBERRA, Australia (AP) — Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike media deals. The Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday. In return for the changes, Facebook agreed to lift a ban on Australians accessing and… Source link

Bloomberg Buffett’s Letter to Break Months of Silence Amid Tumult in U.S. (Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue.He stayed quiet through a heated presidential election, a racial reckoning that sparked nationwide protests and an exuberance for stocks that’s gripped millions of Americans. Not to mention a global pandemic. Now, the billionaire chief executive officer of Berkshire Hathaway Inc. has a chance to break his silence with the release of his annual… Source link

Costco (COST) will boost its minimum wage by $1 to $16 starting next week, the membership warehouse retailer’s CEO said on Thursday during a Senate panel hearing. “Two years ago, we moved our starting hourly wage to $15 or more everywhere in the U.S. Effective next week, the starting wage will go to $16,” CEO Craig Jelinek said during his testimony before the U.S. Senate Budget Committee. The executive noted that while there’s “a lot of external focus” on the minimum wage, he made a case that… Source link

The L.A. Times’ recent bombshell investigation of the Hollywood Foreign Press Association, the non-profit organization that selects Golden Globe winners, revealed allegations of corruption, bullying, and self-dealing to the tune of millions of dollars by members. The report describes HFPA, which has about 90 members, as “struggling to shake its reputation as a group whose awards or nominations can be influenced with expensive junkets and publicity swag.” In spite of the pandemic and its… Source link

The Daily Beast Speaking at CPAC: Former Leader of Magical Cult That Channels Ghost of Trump HARUMI OZAWATOKYO—Even by the standards of the alleged kooks and conmen commonly found on the CPAC roster, one of this year’s speakers has an extraordinary background that includes fronting an organization that claimed—in all seriousness—to be able to channel Donald Trump’s guardian deity through a magical medium.The former political leader of a Japanese cult called Happy Science, Jay… Source link

The Guardian At least 400 US healthcare workers have died of Covid despite vaccine rollout At least one in eight health workers lost in the pandemic died after the vaccine became available, analysis showsLost on the frontline: the healthcare workers who died of Covid A healthcare worker checks on patients inside an oxygen tent outside the emergency room in Huntington Park, California, on 29 December 2020. Photograph: Bing Guan/Reuters As healthcare workers in the US began lining up for their… Source link

Google According to a new report from 9to5Google.com, the… Source link

A medical graduate with more than $440,000 in student debt recently saw nearly 99% of his loans cancelled by a bankruptcy court in California, highlighting the growing trend of certain student loans being dischargeable. San Diego-based Seth Koeut was born to Cambodian refugees who came to the U.S. when he was a child and later pursued a medical degree in hopes of becoming a doctor. After he failed to obtain a residency role — a required part of the transition from medical school graduate to… Source link

Amazon Music is finally coming to Google’s set-top box operating systems, with a new app rolling out for Google TV (currently just available on the latest Chromecast) and Android TV starting today. The app will function similarly to Amazon Music on other devices. Subscribers to Amazon Music Unlimited (which costs $7.99 per month for Prime members or $9.99 per month) will be able to access the full music library, similar to Spotify or Apple Music. Regular Prime Members will get access… Source link