Buffett: U.S. economy continues to improveMarch 2, 2011 - 16:17 AMT PanARMENIAN.Net - Billionaire Warren Buffett says the U.S. economy continues to improve and doesn't need as much government help as it is currently getting. Buffett appeared on CNBC four days after releasing his annual letter to Berkshire Hathaway Inc. shareholders. The CEO says most of the businesses Berkshire owns, except the ones that make housing-related products, continue to inch along and improve. And he's optimistic about the future because of the strength of the U.S. system. He says he doesn't think the U.S. economy needs as much monetary or fiscal stimulus as it is getting from the Federal Reserve and government spending, The Associated Press reports. Berkshire owns roughly 80 subsidiaries, including clothing, furniture, jewelry and corporate jet firms. It also has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |