Warren Buffett News: Kids Pitch Business Ideas to Warren Buffett

Inside the List (NYTimes)
SEPARATED AT BIRTH? Carol J. Loomis’s “Tap Dancing to Work,” an anthology of Fortune magazine articles by and about the cuddly billionaire Warren Buffett, is new on the hardcover nonfiction list at No. 10. It’s hardly the first time Buffett (inset, top) has turned up on this page: “The Warren Buffett Way,” an investment primer by Robert G. Hagstrom, spent five months on the list in 1994 and 1995, and two biographies, Roger Lowenstein’s “Buffett” (1995) and Alice Schroe­der’s “Snowball” (2008), were also best sellers.

USA Not So Fresh & Easy for Tesco (DailyFinance)
Andy Paul and Nate Weisshaar look at the recent announcement from Tesco Corporation (NASDAQ:TESO) that it will be closing down its U.S. operations, Fresh & Easy. The market seems to have liked this announcement, so what does this mean for shareholders? Legendary U.S. investor Warren Buffett increased his stake in Tesco earlier this year. You can find out what attracted Buffett to the company and the price the billionaire investor paid for his shares, by downloading an exclusive Motley Fool report “The One European Share Warren Buffett Loves.”

The 91% Tax Fantasy: Peter Schiff (CNBC)
The fiscal cliff deadline is looming and President Obama refuses to sign any legislation that doesn’t raise tax rates on the top 2%. There is an understandable amount of debate on either side of the aisle over the president’s decision. In the past month, Warren Buffett and Paul Krugman have each released opinion pieces that tout the 1950s as an exemplary era for the country. The top tax rate was as high as 91% but individual wealth and GDP still managed to grow like wildfire.