The chairman and CEO of Berkshire Hathaway told CNBC's "Squawk Box" on Monday the Times and the Journal have an "assured future" because of their proven internet model.
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THERE ARE ONLY TWO PAPERS IN THE UNITED STATES THAT I THINK HAVE AN ASSURED FUTURE BECAUSE THEY HAVE A SUCCESSFUL INTERNET MODEL TO GO WITH THEIR PRINT MODEL AND THATS THE JOURNAL AND THE NEW YORK TIMES.
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Buffett: Newspapers have-- there are only two papers in the United States that I think have an assured future because they have a successful internet model to go with their print model, and that's The Journal and The New York Times.
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While a $100 million infusion from Russian billionaire Yuri Milner last year has given the field a measure of legitimacy, and assured future research, the lack of federal recognition means that SETI continues to exist outside of mainstream scientific circles.
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WARREN BUFFETT: Newspapers have-- there are only two papers in the United States that I think have an assured future because they have a successful internet model to go with their print model, and that's The Journal and The New York Times.
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The generals who led the Athenian expedition to Sicily, Julius Caesar poised at the Rubicon, Alexander the Great at the Indus, Napoleon and Hitler at the border of Russia and Lyndon Johnson in Vietnam all equated past tactical success with assured future strategic dominance, lied to themselves that the material or spiritual advantages were all theirs and so ended up dead, humiliated or defeated.
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One of the club's strongest supporters at this time was George Smith, father of the Smith boys, who feature prominently in the club's history. The first President of the club was E.H. Andrews, who later became Mayor of Christchurch. By 1920, in just a few years existence, Western was well established as a top senior club in Christchurch, with a well assured future.
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Led by astute CEO Rick Wayde, the Magpies rapidly moved to secure a more assured future for the Club, based in this rapidly expanding population centre. The Magpies had also been threatened with expulsion from the 1984 premiership, along similar lines as those of Newtown. Wests also assumed control of the bankrupt Leagues Club that sat next to the venue; rebranding it as 'Wests Leagues Campbelltown'. This time, Campbelltown Rugby League powerbroker John Marsden assented to the Magpies taking control of the now vast Campbelltown- Liverpool Junior League.
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As older collieries became uneconomic or were worked out, new mines were opened further afield and deeper underground (or undersea, as at Lowca.) The critical ones in this context were Harrington No 9 Pit and Harrington No 10 Pit, both on the clifftop at Lowca. "Harrington" in this context was now doubly confusing as the pits were not in Harrington and the Harrington Colliery Company had ceased trading as an independent entity. The pits came into operation in 1911, along with new coke ovens nearby.Coking plant and bi-products, via Cumbria Industries This surge in activity and the assured future of Micklam's 1901 fireclay mine and associated brickworks (the output was used extensively to line blast furnaces) led to increased traffic using the mineral line along the clifftops and increased the need for labour in this remote and inaccessible spot.
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Alistair is sent down (expelled) from Oxford, being the only one arrested for the incident, whilst the rest were allowed to continue their studies without any criminal charges. After a talk with the dean, Miles is approached by the new president of the Riot Club (Guy Bellingfield) to re- join next year, but after nearly having to leave university because of the scandal, he decides to leave the club, a decision which the new president mocks. Alistair is invited to a meeting with Jeremy in London, who asks for the Riot Club to be kept out of future court appearances, and assures Alistair that in spite of being kicked out of Oxford, the boy is still a Riot member. Though Alistair is at first aggressively dismissive of Jeremy's proposed assistance, Alistair is brought around when Jeremy offers the boy a position in his office and an assured future.
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Opinion shopping is a term used by external auditors and, after the Enron and Arthur Andersen accounting scandals, the media and general public refer to auditees who contract or reject auditors based on the type of opinion report they will issue on the auditee. The underlying principles of this concept are that auditees determine the compensation to auditors for their work (called "audit fees") as well as awarding future audit engagements; that such fees are the auditor's main source of income; that certain auditees may try to contract auditors that will issue audit opinions based on the auditees' needs; and that certain auditors are willing to comply with such demands so long as they are assured future audit engagements. The most common example is an auditee that knows that the current auditor is going to issue a qualified, adverse, or disclaimer of opinion report, who then rescinds the audit engagement before the opinion is issued, and subsequently "shops" for another auditor who is willing to issue an "unqualified" opinion, regardless of any qualifying situations mentioned in the previous sections. However, opinion shopping is not limited to auditees contracting auditors based on issuing opinions.
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Holt had made seven separate representations to Gillett, from 1964 to 1989, as to his eventual inheritance of the farm - such as "all this will be yours" after Gillett brought in his first harvest in 1964 and at the christening of his first child in 1971, and "it was all going to be yours anyway" in 1975. Gillett's wife's brother attested to a conversation at his parents' house, at which Mr Holt said "something to the effect that he was going to look after Geoffrey and [my sister, his wife] Sally and that they would have an assured future". Holt had confirmed this in his Will of the time, sought adoption of Gillett when young, later seeking to add him instead to the Merton College agricultural tenancy; he soon gave too a 20% share of his main farming company as it first stood to Gillett and his wife. In 1995, Holt tried to sack Gillett and remove he and his wife from The Beeches and to remove him as his death beneficiary in favour of another neighbouring farmer, Wood, who had begun to manage part of the land.
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