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2025-01-21
OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. He didn't identify the successors, but said his kids all know them and agree they would be good choices. “Father time always wins. But he can be fickle – indeed unfair and even cruel – sometimes ending life at birth or soon thereafter while, at other times, waiting a century or so before paying a visit,” the 94-year-old Buffett said in a letter to his fellow shareholders Monday. “To date, I’ve been very lucky, but, before long, he will get around to me. There is, however, a downside to my good fortune in avoiding his notice. The expected life span of my children has materially diminished since the 2006 pledge. They are now 71, 69 and 66.” Buffett said he still has no interest in creating dynastic wealth in his family — a view shared by his first and current wives. He acknowledged giving Howard, Peter and Susie millions over the years, but he has long said he believes “hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing.” The secret to building up such massive wealth over time has been the power of compounding interest and the steady growth of the Berkshire conglomerate Buffett leads through acquisitions and smart investments like buying billions of dollars of Apple shares as iPhone sales continued to drive growth in that company. Buffett never sold any of his Berkshire stock over the years and also resisted the trappings of wealth and never indulged in much — preferring instead to continue living in the same Omaha home he'd bought decades earlier and drive sensible luxury sedans about 20 blocks to work each day. “As a family, we have had everything we needed or simply liked, but we have not sought enjoyment from the fact that others craved what we had,” he said. If Buffett and his first wife had never given away any of their Berkshire shares, the family's fortune would be worth nearly $364 billion — easily making him the world's richest man — but Buffett said he had no regrets about his giving over the years. The family's giving began in earnest with the distribution of Susan Buffett's $3 billion estate after her death in 2004, but really took off when Warren Buffett announced plans in 2006 to make annual gifts to the foundations run by his kids along with the one he and his wife started, as well as the Bill & Melinda Gates Foundation. Warren Buffett's giving to date has favored the Gates Foundation with $55 billion in stock because his friend Bill Gates already had his foundation set up and could handle huge gifts when Buffett started giving away his fortune. But Buffett has said his kids now have enough experience in philanthropy to handle the task and he plans to cut off his Gates Foundation donations after his death. Buffett always makes his main annual gifts to all five foundations every summer, but for several years now he has been giving additional Berkshire shares to his family's foundations at Thanksgiving. Buffett reiterated Monday his advice to every parent to allow their families to read their will while they are still alive — like he has done — to make sure they have a chance to explain their decisions about how to distribute their belongings and answer their children's questions. Buffett said he and his longtime investing partner Charlie Munger, who died a year ago, “saw many families driven apart after the posthumous dictates of the will left beneficiaries confused and sometimes angry.” Today, Buffett continues to lead Berkshire Hathaway as chairman and CEO and has no plans to retire although he has handed over most of the day-to-day managing duties for the conglomerates dozens of companies to others. That allows him to focus on his favorite activity of deciding where to invest Berkshire's billions . One of Buffett's deputies who oversees all the noninsurance companies now, Greg Abel, is set to take over as CEO after Buffett's death. Even after converting 1,600 Class A shares into 2.4 million Class B Berkshire shares and giving them away, Buffett still owns 206,363 Class A shares and controls more than 30% of the vote.NorthView Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Failure to Complete Initial Business Combinationcasino slots new

Wilson, who’s 36, leads programs focused on unhoused youth. On a recent Saturday, she is addressing a citizen assembly, a grassroots gathering seeking solutions to tough local challenges. Her audience consists of 30 ordinary Oregonians. They are acupuncturists and elk hunters; house cleaners and retired riverboat pilots. None are public policy experts. All the same, these participants have been asked to recommend new strategies for combating youth homelessness — a major problem in this affluent Oregon city and the surrounding rural areas of Deschutes County. This unusual experiment in small-D democracy is underwritten by more than $250,000 in grants from backers such as the Rockefeller Foundation and Omidyar Network. As a key early presenter, Wilson wins rapt attention, clicking through data-rich slides and sharing her story of crisis and recovery. That’s how citizen assemblies should work, says Kevin O’Neil, an innovation specialist at the Rockefeller Foundation. His research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. “People want to be directly involved in decision-making,” O’Neil says. “They recognize the value of expertise, but they don’t want to delegate decision-making to experts.” Assemblies can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of DemocracyNext . Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” At least, that’s the theory. To succeed, citizen assemblies can’t settle for a few days of harmonious dialogue among well-intentioned strangers. They need to inspire policy changes or new programs from government and other civic institutions. In Europe, such wins abound. In the United States, results are spottier. The most fruitful U.S. effort to date was a 2021 people’s assembly in Washington State that produced 148 ideas — including more solar canopies and food composting — to combat climate change. More often, progress is challenging. An assembly in 2022 in Petaluma, California, spun up ideas to repurpose a long-time county fairground site. Two years later, the fair still operates under short-term leases; its long-term destiny remains in limbo. In Colorado’s Montrose County , enacting an assembly’s bold ideas for improving rural day care has been “more of a marathon than a sprint,” says organizer Morgan Lasher. Can central Oregon do better? It may take years to know, but evidence so far shows both the assembly system’s opportunities and the challenges. Bend’s local economy is strong, with a jobless rate of just 4.2% and median household income of more than $80,000. As housing costs have skyrocketed, though, the spectacle of people living in tent and trailer encampments has become more common. A January count found more than 1,800 people were homeless in Deschutes County, up from 913 in 2020. In 2023, DemocracyNext and Healthy Democracy , a Portland, Oregon, nonprofit, connected with Bend officials interested in bringing the assembly idea to central Oregon. Josh Burgess, an Air Force veteran, who moved to Bend and became the proverbial “advance man” for DemocracyNext. Operating in a county evenly divided between Democrats and Republicans, Burgess built rapport with both liberal and conservative members on the Deschutes County Board of Commissioners. “It took four or five meetings to get there,” Burgess recalls. Organizers decided to focus on homelessness among ages 14 to 24, where opportunities for progress seemed greatest. To pick citizens for the assembly, organizers contacted 12,000 county residents before selecting just 30. Everything was balanced by age, race, gender, and geography – a slow, costly requirement. Even so, advocates such as Michelle Barsa of Omidyar Network says assemblies’ big edge comes from using “an actual representative sample of the community, not just the people who always show up at town-hall meetings and yell into a microphone for three minutes.” At the northern edge of Oregon State’s Bend campus, a few hundred yards from the Deschutes River, is the McGrath Family atrium, a sunlight-drenched space with panoramic woodland views. It feels almost like a spa. As the Bend assembly gets started, black tablecloths at a huge, U-shaped table convey gravity. Name tags identify attendees as “Noelle,” “Dave,” “Alex.” The first few hours go slowly, but everything perks up after lunch. Eliza Wilson takes command, introducing herself as director of runaway and homeless youth services at J Bar J , a social-services organization. Her voice is unfailingly steady, but emotions race fast across her face: hope, frustration, empathy, resolve, and more. “Teens get really good at hiding their homelessness,” Wilson explains. “We don’t share family business outside of the family. I was really fortunate that a high-school counselor pointed me, at age 15, to the first youth shelter that had just opened in Bend. I stayed there for three years, until I graduated from high school. I finally got on my feet at age 21.” As Wilson finishes, questions stream in. “Are there any programs advocating for children to get back to their parents?” one woman wants to know. “Is there open communication between you guys and the school district?” a man asks. Wilson and other presenters respond with a road map of what exists today. They point out how homeless youth are in a precarious but not hopeless situation, counting on allies for a couch to sleep on. Less than 20 percent live outside in encampments. Practically everyone in the audience takes notes. The next day, assembly members strike up conversations with young adults who were once homeless. Chronic problems — and glimmers of ideas about how to address them — tumble forth. Flaws in the foster parent system. The risk of sexual abuse. The unique challenges that LGBTQ youth face. Attendees — who shared their thoughts with the Chronicle on the condition they be identified only by their first name — regarded those conversations as eye-opening breakthroughs in their hunt for policy recommendations. “I’m coming away with a whole different point of view,” Ken told me. He had arrived believing that poor parenting and drug abuse led to homelessness, and that affected families should personally address such challenges. Now, he said, he was interested in broader solutions. Several local officials stopped by to watch the assembly proceedings. Phil Chang, a Deschutes County commissioner, said the broad-based assembly creates “social license for us to do things that the community wants.” Conservative county commissioner Tony DeBone worries that Oregon’s rollback of drug-offense laws has worsened social problems; he also believes that an economic upturn would do the most good. Still, he says, he’s willing to see what the assembly can offer. Ultimately, the assembly’s effectiveness will depend on whether its recommendations can overcome bureaucratic inertia, says Tammy Baney, executive director of the Central Oregon Intergovernmental Council . Proposed changes in police interactions with homeless youth could be acted on within a month or two if local law enforcement is receptive, she says. Improving Oregon’s gridlocked foster-care system might be much harder. “It all depends on how much political will there is,” Baney says. George Anders is editor-at-large at the Chronicle of Philanthropy, where you can read the full article . This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy .Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season

Hochul signs bills aimed to improve access to resources for young familiesDetroit Pistons @ Sacramento Kings Current Records: Detroit 13-17, Sacramento 13-17 When: Thursday, December 26, 2024 at 10 p.m. ET Where: Golden 1 Center -- Sacramento, California TV: FanDuel SN - Detroit Follow: CBS Sports App Online streaming: fuboTV (Try for free. Regional restrictions may apply.) Ticket Cost: $44.44 The Detroit Pistons' road trip will continue as they head out to face the Sacramento Kings at 10:00 p.m. ET on Thursday at Golden 1 Center. The Pistons pulled off an upset win in their last outing, and are hoping to pull that off once more against the 5.5-point favorite Kings. The Pistons will bounce into Thursday's match after (finally) beating the Lakers, who they had gone 2-8 against in their ten prior meetings. The Pistons narrowly escaped with a victory as the team sidled past the Lakers 117-114. For those keeping track at home, that's the closest win Detroit has posted since November 25th. Meanwhile, the Kings' recent rough patch got a bit rougher on Sunday after their fourth straight loss. Their bruising 122-95 defeat to the Pacers might stick with them for a while. It was supposed to be a close game, and Sacramento was supposed to come out on top, but clearly nobody told Indiana. Even though they lost, the Kings smashed the offensive glass and finished the game with 15 offensive rebounds. They easily outclassed their opponents in that department as the Pacers only pulled down six. Detroit has been performing well recently as they've won three of their last four contests, which provided a nice bump to their 13-17 record this season. As for Sacramento, their loss dropped their record down to an identical 13-17. The Pistons beat the Kings 133-120 in their previous meeting back in February. One of the biggest obstacles the team faced in that game was the Kings' Domantas Sabonis, who dropped a double-double on 30 points and 12 rebounds. Now that he's got a second chance to win this matchup, will the Pistons still be able to contain Sabonis? Check CBSSports.com after the match to find out. Sacramento is a solid 5.5-point favorite against Detroit, according to the latest NBA odds . The oddsmakers had a good feel for the line for this one, as the game opened with the Kings as a 5-point favorite. The over/under is 227.5 points. See NBA picks for every single game, including this one, from SportsLine's advanced computer model. Get picks now . Sacramento has won 6 out of their last 10 games against Detroit. Feb 07, 2024 - Detroit 133 vs. Sacramento 120 Jan 09, 2024 - Sacramento 131 vs. Detroit 110 Dec 16, 2022 - Sacramento 122 vs. Detroit 113 Nov 20, 2022 - Sacramento 137 vs. Detroit 129 Jan 19, 2022 - Detroit 133 vs. Sacramento 131 Nov 15, 2021 - Sacramento 129 vs. Detroit 107 Apr 08, 2021 - Detroit 113 vs. Sacramento 101 Feb 26, 2021 - Sacramento 110 vs. Detroit 107 Mar 01, 2020 - Sacramento 106 vs. Detroit 100 Jan 22, 2020 - Detroit 127 vs. Sacramento 106

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GREEN BAY, Wis. (AP) — Defending the run has been one of the Green Bay Packers’ weaknesses over the last several years. Not so much lately, though. Green Bay limited San Francisco to 16 carries for 44 yards in a 38-10 rout of the 49ers on Nov. 24, with two-time All-Pro Christian McCaffrey gaining 31 yards on 11 attempts. Four nights later, the Packers beat Miami 30-17 by holding the Dolphins to 39 yards on 14 carries. It was the first time since 1995 — and only the second time since 1950 — that the Packers had allowed fewer than 45 yards rushing in back-to-back games within the same season. “I think we’re playing harder and harder each week,” first-year defensive coordinator Jeff Hafley said. “And that’s how you play good defense.” That defense needs to be at its best Thursday as the Packers (9-3) close a stretch of three games in 12 days by visiting the NFC North-leading Detroit Lions (12-1), who have the NFL’s highest-scoring offense thanks in part to a rushing attack featuring the speedy Jahmyr Gibbs and the physical David Montgomery. “Gibbs is a great running back,” defensive lineman Kenny Clark said. “I really think the offense really starts with him, honestly. He can do everything — receive, in-and-out runner, can do stretch, duo plays. We’ve got to have all hands on deck with Gibbs. And then Montgomery, he’s a great complement to him. He can do everything, also.” The Lions were the first team since the 1975 Miami Dolphins to rush for at least 100 yards and a touchdown in each of their first 11 games. The streak ended on Thanksgiving when the Lions rushed for 194 yards but didn’t have a touchdown on the ground in a 23-20 victory over the Chicago Bears. Green Bay outrushed Detroit 138-124 in the Packers’ 24-14 loss to the Lions on Nov. 3 at Lambeau Field. Montgomery rushed for 73 yards while Gibbs ran for 65 yards and a touchdown. Gibbs has 973 yards this season, which ranks fourth in the NFL. Montgomery ran for a combined 192 yards and four touchdowns in the Lions’ two games against the Packers last season. Green Bay’s run defense has come a long way since. The Packers have allowed 106.6 yards rushing per game this season, which ranks eighth in the league. The Packers haven’t closed a season in the top 10 in run defense since 2016 and have finished outside the top 20 in four of the last six years, including 26th in 2022 and 28th in 2023. “I think Haf’s doing a good job of mixing up the fronts and some of the coverages, but really it’s ultimately about tackling, swarming, getting many hats to the football,” Packers coach Matt LaFleur said. “And our guys have really embraced that style of play.” The Packers are yielding 4.2 yards per carry to rank seventh in the league after finishing 22nd or worst in that category each of the last three seasons. They haven’t closed a season ranked in the top 10 in yards allowed per carry since 2017. Hafley says the improvement starts up front. “The interior part of our D-line has done such a good job these last few games,” Hafley said. “They really have. They’re hard to block. They’re staying in their gaps. They’re tearing off of blocks, and it’s the same thing with those defensive ends. They’re setting edges, they’re forcing the ball back inside, they’re getting off blocks and then we’re tackling and we’re running to the ball and there’s multiple people to the ball. “And when you turn on our tape right now and when you freeze it, you see that. You see a lot of guys around the football. And then you’re not afraid, right? Like if I have an open-field tackle and I know eight other guys are coming, I’m going to take my shot because I know if I miss, it’s going to be, ‘Bang, bang, bang,’ we’ve got three or four other guys there, and we’re starting to play faster.” Green Bay's defense has the Lions’ attention. “They’ve been playing well,” Detroit coach Dan Campbell said. “I mean, they have, really, all season, and nothing has changed.” AP Sports Writer Larry Lage contributed to this report. AP NFL: https://apnews.com/hub/NFLAtlanta activist sentenced for aiding Russian propaganda efforts in the U.S.

AP News Summary at 4:45 p.m. ESTSean Zam named Head of Sales and Marketing at GC Biopharma USA

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