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Bloomberg (June 7)

2010/ 06/ 08 by jd in Global News

How much for the Buffet lunch? At least $51,000. That’s only the current bid. The price is expected to rise by two figures over the remaining three days. To benefit a San Francisco charity, lunch with famed investor Warren Buffet is being auctioned on EBay. In 2009, the Buffet lunch brought $1.68 million. The record was $2.11 million in 2008 from Chinese hedge-fund manager Zhao Danyang. The Glide Foundation, where Buffet’s first wife Susan volunteered, will receive the “lunch money.” Buffet called Glide “one of the great organizations I’ve seen for helping people that are really down and out…. It takes people who have hit bottom and brings them back.”

 

Time—Asian Edition (June 7)

2010/ 06/ 08 by jd in Global News

Despite the tragic sinking of the Cheonan, “the resumption of hostilities is too terrible to contemplate.” The South can only posture and resort to diplomacy and sanctions. “The simple fact is that while the North’s ground forces are no match for those of South Korea or the U.S., Pyongyang has an armory of long-range missiles and artillery that could easily target the South’s largest population centers to cataclysmic effect.”

 

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