26th Oct2010

I Quit…:President Obama Taps Jay-Z For Cabinet Position in 2012 (Obama/Carter 2012? Obama/Hov 2012? Obama/Iceberg 2012?)

by iSpit

This has got to be a f*cking joke…Is this the end of the world that the mayans were talking about?

And they wonder why the people start talking that illuminati sh*t… Wait…nevermind

Dear Young Democratic Voters: Please ignore the coming electoral meltdown where your party loses control of at least one half-branch of the entire federal government. In 2012, Jay-Z will be campaigning for your vote! (He didn’t do it this year because he didn’t want to ruin Kanye’s moment.)

White House Press Secretary William  Burton tells  the New York Post about Jay-Z replacing Larry Summers, but, seriously, he would be a great fit for a job if the Republicans win Congress. Issuing a subpoena for his notes would be literally impossible, because he doesn’t write anything down. It’s all in his head.

The brains behind President Obama’s 2008 election campaign are already strategizing how to re-energize the youth and minority vote for 2012. Their answer: partner with Jay-Z. “I can’t believe you’ve finally heard the chatter about him replacing Larry Summers,” Deputy White House Press Secretary William Burton told us. “In all seriousness, keep in mind he was pretty active during the 2008 election, so I don’t think it’d surprise anyone that he would be involved again. But it’s a little premature.” An insider says strategists feel comfortable with Jay-Z because he’s a respectable celebrity who can reignite their message of hope. Jay-Z also seems to sing the same tune as Obama. Asked by Forbes what words will come to mind 50 years from now when people say Jay-Z, he rambled: “I hope to inspire . . . I guess Obama took this thing already, but just the hope of how far we can make it and the hope in knowing how far you can go from where you started if you really apply yourself and stay true to who you are.”

20th Sep2010

Is Warren Buffet Scared Of Jay-Z?…Or Is Jay-Z Scared Of Warren Buffet? (UPDATED)

by iSpit

 

Wow

Words… A picture is worth a thousand of them

Guess Jay-z finally made that billion he’s been talking about… 

Jay-Z – Grammy Family Freestyle (October 30th 2006 @Hot 97w/Funkmaster Flex)

 

Warren Buffet is thinking: “Who let this nigger get a billion dollars? First the mexican, now this…”

Jay-Z is thinking: “How did I get a billion dollars?  

Why is Warren Buffet staring at me?  

Does he even see me here, or is he just admiring my leather chair like Kanye would?  

Is Warren Buffet dead over there?   

I wonder if Warren Buffet knows I said his name in one of my raps… 

Maybe if I look away I can pretend like I cant feel him looking at me…  

*leans over to mystery guy #3* 

Ay, is he still looking?”

Update:

Video of the freestyle below…

UPDATE 2: VIDEO OF THEIR CONVERSATION ALSO BELOW

 

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13th Aug2010

40 US Billionaires Pledge Half of Wealth To Charity

by iSpit

Forty of America’s billionaires and their families pledged Wednesday to give more than half of their fortune to charity in a drive organized by Bill Gates and Warren Buffett.

The group includes CNN founder Ted Turner, New York Mayor Michael Bloomberg, Oracle co-founder Larry Ellison and Hollywood director George Lucas, as well as Microsoft mogul Gates and investment guru Buffett.

The idea, which was announced just six weeks ago as “The Giving Pledge,” is to convince billionaires across the country to give up most of their money — 50 percent or more — to charity.

“The pledge is a moral commitment to give, not a legal contract,” a statement released Wednesday said by givingpledge.org, a drive spearheaded by Buffett and Gates.

“We’ve really just started, but already we’ve had a terrific response,” Buffett, the chief executive of the investment firm Berkshire Hathaway, said.

“At its core, the Giving Pledge is about asking wealthy families to have important conversations about their wealth and how it will be used.”

Via:

11th Mar2010

Mexican Mogul Slim Edges Out Gates As World’s Richest Person

by iSpit

Carlos Slim, Bill Gates, Warren Buffett, Mukesh Ambani, Mittal Steel and Bernard Arnault

 Richest Person In The World Is Now A Mexican…Rush Limbaugh is gonna Sh*t a brick.

Forbes magazine released its annual list of the world’s richest people Wednesday, and for only the second time since 1995, Microsoft founder Bill Gates’ name was not at the top.

This year, the title of “World’s Richest” went to Mexican telecom mogul Carlos Slim, with a net worth of $53.5 billion.

Slim, whose holding company America Movil contains a sprawling collection of telecom assets, is the first non-American to be declared Forbes’ richest person since 1994, when Japanese real estate kingpin Yoshiaki Tsutsumi held that honor. (He has since disappeared from the list entirely).

But Slim’s financial edge over Gates is, well, slim, at least by billionaire standards — just $500 million. A $1 increase in Microsoft shares, the compilers of the Forbes list noted at a press conference Wednesday, could send Gates’ net worth ahead of Slim’s.

Also, were it not for his extensive philanthropy, Gates would have a net worth in the ballpark of $80 billion, Forbes’ Matthew Miller estimated.
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10th Mar2010

Geico Credit Card: A Rare Warren Buffett Mistake

by iSpit

geico_caveman.03.jpg

NEW YORK (Fortune) — Peddling credit cards isn’t so easy that a caveman can do it.

That seems to be the conclusion Berkshire Hathaway (BRKA, Fortune 500) chief executive Warren Buffett reluctantly reached last year, when he shut down a money-losing credit card business he had dreamed up for Berkshire’s Geico car-insurance unit.

The decision was disclosed in Buffett’s annual letter to Berkshire shareholders, released Saturday. The letter called Geico’s brief foray into credit cards “a very expensive business fiasco entirely of [Buffett's] own making.”

Since Berkshire took over Geico in 1996, the company has grown rapidly, thanks to low prices and an advertising budget that has grown 25-fold to $800 million.
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28th Feb2010

Warren Buffett Rails Against Big Bank Executives

by iSpit

warren_buffett100227_gi_top.jpg

Warren Buffett has an elegant solution for the thorny problem of too-big-to-fail banks: Put the bankers’ bank accounts on the line.

Buffett, the chairman of Berkshire Hathaway (BRKA, Fortune 500), lashed out at the damage wrought by overpaid, unaccountable finance-industry bigwigs in his annual letter to Berkshire shareholders, released Saturday.

Buffett has been criticizing overreaching corporate managers and complaisant directors for decades. But the question of how to motivate good corporate behavior has taken on new weight as Washington debates reining in the financial giants whose missteps brought the economy to its knees two years ago.

The Obama administration last month proposed separating banks’ proprietary trading activities from their federally subsidized deposit-gathering and lending ones. Other proposed rules would increase the amount of capital banks hold against losses and how much cash they carry to deal with a surge of withdrawals.
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