Connect with us

World

Warren Buffett says bitcoin is ‘probably rat poison squared’

Published

on

Warren Buffett is still not a fan of investing in bitcoin.

The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC’s Becky Quick.

Bitcoin is “probably rat poison squared,” he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday.

Charlie Munger, Berkshire’s vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is “just dementia.”

In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said then. “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it but I would never short a dime’s worth.”



Source link

World

Armin Laschet picked as new leader of Germany’s ruling CDU party 

Published

on

Candidate for the chairmanship of Germany’s Christian Democratic Union party, Armin Laschet, gestures as he takes part in a discussion at the party’s headquarters in Berlin on Jan. 8, 2021.

CHRISTIAN MANG / POOL / AFP) (Photo by CHRISTIAN MANG/POOL/AFP via Getty Images

FRANKFURT, Germany — Germany’s ruling CDU party picked Armin Laschet to be its new chairman on Saturday, possibly paving the way for him to replace Angela Merkel as chancellor at elections later this year. 

Laschet is currently the prime minister of Germany’s North Rhine-Westphalia region, the most populous federal state in the country. He beat rival Friedrich Merz by 521 to 466 in a vote that was forced online due to the coronavirus pandemic.

Born in 1961, he was first elected to the Bundestag (German Parliament) in 1994 and his election is seen as a continuation of Merkel’s policies, as he has pledged to keep the CDU firmly in the “middle of society.” 

With him as chairman, the CDU will likely stay on message and focus on more climate change policies and environmental topics. He has a strong Catholic background which brings him support from Christian circles within the party. 

He is a trained lawyer and also worked as a journalist at the time of German reunification between 1986 and 1991. He is seen as being very liberal and is popular with the immigrant community in his home state.

If he becomes the CDU’s candidate for chancellor at September’s elections, he could be open to various coalitions — power sharing is somewhat of a recent tradition in German politics.

He has floated the idea of a government alongside the liberals, the FDP, in a bid to win over parts of the business camp inside the CDU. But he is also seen as a natural fit for a coalition with the Greens too, as he is on good speaking terms with the party and favors environmental issues.

But the CDU’s candidate for chancellor will only be determined in the spring. And it’s not certain that the newly-elected chairman will automatically move into Merkel’s role. Markus Söder, the very popular Bavarian prime minister, and also Jens Spahn, the current health minister, may also join the race to lead Europe’s largest economy.

Merkel stepped down as leader of the CDU in 2018, and her replacement Annegret Kramp-Karrenbauer quit in February 2020 after a series of communication mishaps exposed her as being too weak to lead the chancellery.

This is a breaking news story, please check back later for more.

Source link

Continue Reading

World

Biden heads into inauguration with a stock market tailwind

Published

on

Continue Reading

World

Biden heads into inauguration with a stock market tailwind

Published

on

Continue Reading

Trending