Warren Buffett likes to portray himself as the multi-billionaire cheapskate who feels great pain from every dollar bill that leaves his wallet. But there's no sign today of that stingy public persona he sometimes exaggerates for laughs. Buffett says it will be a "pleasure" to write a $50 million check, fulfilling his promise to help fund an international nuclear fuel bank.
On the eve of Iranian President Mahmoud Ahmadinejad's address to the United Nations General Assembly Israel's just departed UN Ambassador says she believes sanctions designed to slow Iran's nuclear program only have a chance to work if Iran's largest bank, The Central Bank of Iran, is directly targeted by the international financial community.
Yvo de Boer, executive secretary of the UN Framework Convention on Climate Change, called climate change "an economic agenda rather than a green agenda [that] needs to be explained more clearly that this is about energy security and jobs going in a different direction.”
The government has to level the playing field when it comes to alternative industry for the sector to be competitive, Ted Turner, former vice chairman and head of Time Warner's cable networks division, told CNBC Thursday.
You knew it was only a matter of time: A Danish artist and UK T-shirt company have created a "Gropenhagen" T-shirt after the sex-coupon flap at the Copenhagen climate summit.
Things are heating up in Copenhagen ahead of the UN climate summit there next week. The city tried to discourage guests from soliciting prostitutes while they're in town—but all they did was turn it into one big advertisement for prostitution. Ow! Nice work, ladies.
The roads of the ravaged Irrawaddy Delta are lined these days with people hoping to be fed. After lifetimes living off the land, poor farmers have abandoned their ruined rice paddies, setting up makeshift bamboo shelters, waiting for carloads of Burmese civilians who have taken it on themselves to feed those who lost everything to Cyclone Nargis.