mineonmoney's Profile

Investment entrepreneur and executive. Born August 30, 1930 in Omaha, Nebraska. A stockbroker's son, Buffett studied at the University of Nebraska and Columbia University, and formed his own firm, Buffett Partnership, in his hometown in 1956. His investment successes, particularly in buying undervalued companies whose stocks shortly began to rise, made him extremely rich and gained him the sobriquet, "Oracle of Omaha." Other notable career succeses include helping rescue Salomon Brothers from corporate raiders (1987) and taking charge of the New York City house (1992) in the wake of an insider trading scandal. The majority of Buffett's considerable fortune was amassed through Berkshire Hathaway, a company for which he is the largest shareholder and CEO. Ranked as Forbes second-wealthiest man, his net worth is estimated at $42 billion. In June 2006, Buffett made an announcement that he would be giving his entire fortune away to charity, committing 85 percent of it to the Bill and Melinda Gates Foundation. This donation became the largest act of charitable giving in United States history.

mineonmoney's Posts

Chavez Lives -The Second Coming



For Venezuela's Hugo Chavez, A Second Life On The Small Screen







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Colombian actor Andres Parra (left) plays Hugo Chavez in the new telenovela, El Comandante.




Manuel Rodriguez/Sony Pictures


Venezuelan leader Hugo Chavez, who died of cancer in 2013, is coming back to life – on television. A new Spanish-language series, from Sony Pictures Television, recounts how Chavez rose from obscurity to carry out a socialist revolution in his homeland. But even before hitting the airwaves, the series, called El Comandante, has sparked controversy – because it shows how Chavez set the stage for Venezuela's current crisis.


Colombian actor Andres Parra plays Chavez, the firebrand leftist who ruled Venezuela for 14 years. To prepare for the role, he listened to 400 hours of Chavez's speeches and worked with a voice coach. His bulky frame, curly-haired wig and prosthetic chin make him a dead ringer for the Venezuelan strongman, right down to his mimicking of Chavez's insults of former President George W. Bush as a "donkey" and "the devil."


In an earlier Colombian TV series, Parra played drug lord Pablo Escobar. But he finds Chavez even more fascinating.


While the Venezuelan leader was dying of cancer, "He made this speech," Parra says. "It was [a] nine hours, 46 minutes speech. Without pee or drinking or anything. It was a way, like, to show people, 'I'm here. I came back. And I'm strong.' "

 

In El Comandante, Parra first depicts a young, idealistic Chavez escaping poverty by joining the army and being elected president with the backing of Venezuela's poor. Eventually, Chavez morphs into a power-hungry authoritarian.


The series suggests his rule laid the groundwork for the food shortages, hyperinflation and political polarization plaguing Venezuela today.


Looking back on the Chavez years has proved highly emotional for Henry Rivero, the series director, who grew up in Venezuela.


"It's been very hard for me," he says. "I cried a lot, most of the time. Because, you know, you understand how tough [was] the situation we went through all those years."


The 60 episodes of the series — which premieres in Latin America this month and on Telemundo in the U.S. in the spring — are being filmed in Colombia due to the hardships of working in neighboring Venezuela. What's more, that country's socialist government has branded the project a hatchet job.


"They are going to emphasize the bad and make the world think that Hugo Chavez was a barbarian," pro-government lawmaker Diosdado Cabello said in a recent speech.


Meanwhile, Venezuelans who despise Chavez have also come down hard on the actors.


"They say I should be ashamed of myself for acting in this series," says Vicente Peña, a Venezuelan who plays a military attache in El Comandante.


But for Parra, playing Chavez is the role of a lifetime.


"It shows you so much things about the human tragedy," he says. "Of how we change. You see ambition but at the same time you see compassion. He has everything. For an actor, that's delicious."


over 7 years ago
Re: Venezuela's Maduro names new central bank chief

GRZ didn't get any payment yet? silence is deafening

over 7 years ago
Venezuela's Maduro names new central bank chief





Venezuela's Central Bank chief Nelson Merentes was fired on January 22, 2016, amid a deep economic crisis aggravated a botched attempt to replace the country's largest bank note

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Venezuela's Central Bank chief Nelson Merentes was fired on January 22, 2016, amid a deep economic crisis aggravated a botched attempt to replace the country's largest bank note (AFP Photo/FEDERICO PARRA)

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Caracas (AFP) - Venezuelan President Nicolas Maduro on Sunday named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.


Speaking on his weekly television program, Maduro announced he was nominating Ricardo Sanguino to take over from Nelson Merentes, who had handed in his resignation.


"I would like to thank Nelson Merentes for all the effort he has made at various battlefronts, but I want us to initiate a new stage in the development of the Central Bank of Venezuela," the left-wing leader declared.


Merentes had been under intense pressure after the central bank bungled the recent release of bigger denomination banknotes.


According to local press, Maduro himself had asked Merentes to resign.


He said he has great confidence in Sanguino, 73, a longtime political player who has headed the budget committee in Venezuela's National Assembly among other key posts.


Maduro did not directly mention the currency crisis, but speculation has been rife in recent days that the botched notes release could be the final straw, costing Merentes his job.


Venezuela is considered to have the highest inflation rate in the world, making its smaller banknotes virtually worthless.


The 100-bolivar note had been the highest denomination until recently, but was worth only a few US cents.


Caracas released new, bigger denomination banknotes last week to aid citizens struggling with unwieldy wads of cash to pay for everyday purchases.


The notes were meant to be released in December but got delayed, causing chaos as Venezuelans queued up anxiously to change their bills.


- 'Catastrophic' -


Automatic cash machines, in another snafu, were not yet dispensing the new money because they had not been programmed to handle the bigger notes.


Inflation in Venezuela is projected to soar to a mind-boggling 1,660 percent this year, according to the International Monetary Fund.


The socialist president has admitted that the situation is "catastrophic," and ruled all of 2016 under an emergency economic decree -- renewed last week -- that grants him discretion to manage state resources.


It also removed the legislature's power to approve the appointment of central bank directors as well as the national budget.


At the same time, it gave the central bank authority to grant or finance loans to the state and to public or private entities when the president considers that an emergency situation exists.


Maduro said signing the decree was necessary after a Venezuelan investigation found that billions of bolivars, in bills of 100, were stashed away by international mafias, mainly in Colombian cities but also in Brazil.


Asked to explain his views on the role of the central bank, Sanguino said Sunday that they "were the creation of the global capitalist system, which were created with a concept of autonomy that is even above the role of the head of state."


Like Maduro, Sanguino has blamed Venezuela's crisis on an economic war waged by right-wing businessmen, and stressed that the central bank must be at the service of the people.


 





 


 

over 7 years ago
Re: Venezuela’s Oil Company Sued Over Latest Citgo Deal

Could they not wait for one of the bigger oil companies that have money to sue, and then jump in for what is owed, you invest in a gold company and could exit owing pipelines, refineries and gas stations - Crystellex-Go service stations coming soon

over 7 years ago
Re: Belanger spotted.

I suspect this is more like it


Image result for little money

over 7 years ago
Re: staying alive

I just want to be a lawyer and make a killing on this play, look around, they are the ones gaining.

almost 8 years ago
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