and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the megaholding company that buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. >> are you sure he's your son. >> well, i think that's worth checking out. you'll have a big exclusive. >> i'm steve kroft. >> i'm lesley stault. >> i'm morley safer. >> i'm lara logan. >> i'm byron pitts. >> i'm scott pelley. those stories tonight on "60 >> i'm scott pelley. those stories tonight on "60 minutes." it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ is the pain reliever orthopedic doctors recommend most for arthritis pain, think again. and take aleve. it's the one doctors recommend most for arthritis pain... two pills can last all day. ♪ [ male announcer ]

hathaway he's paying thirty five percent of his income in tax because that's the rate that berkshire hathaway is paying so warren buffett earns ninety nine percent of his income through berkshire hathaway he only earns a tiny fraction of his income on an individual basis so all of the taxes that warren buffett pays only one third of berkshire hathaway he pays through his ownership of that company so he is paying a lot of money in taxes he is lying this is just pure propaganda coming from warren buffett or you to hell you know you can say that you think it's propaganda coming from warren buffett but the fact is peter is that he's not the only one out there that is knowing that is saying taxing when i have to wrap that big bang has to get on catch up again will do not want to pay higher taxes that is crazy you could probably get a handle a bunch of out there like i said we've spoken to some on this show but peter i really i really did i got to wrap it there leading up to ninety nine point nine percent of the people in the upper brackets do not want to pay more taxes nobody wants to pay

cold air comes in too late but within higher elevations of the poconos, berkshires all the way up through northern new england, white and green mountains is where you can expect maybe 3, 4 inches of snow. big areas, no snow. rainy on the east coast, cold and chilly in the middle of the country but better than yesterday. texas, you should warm up back into the 50s so, lynn, one more soaking day of rain for the east coast and then more typical december weather tomorrow. >> all right, bill, thanks so much. >>> wall street shows confidence in europe. verizon gets ready to make a big play and mark zuckerberg experienced facebook privacy anxiety firsthand. your "first look" at the business headlines is straight ahead. >>> a hat trick, a shootout and frantic finish in college hoops. [ male announcer ] drinking a smoothie with no vegetable nutrition? ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plus veggie nutrition new v8 v-fusion smoothie. could've had a v8. >>> welcome back to "first look." i'm lynn berry. here are some of your top stories making headlines. t

. >>> berkshire hathaway completed buying warren buffett's home paper, the omaha world herald for $150 million. and the assumption of $50 million in debt. >>> in asia, chinese officials announced the industrial output is expected to ease next year to 11% growth. >>> the yuan hit an all-time high against the dollar on monday. >>> christmas game early for one very relieved boston music student who found $175,000 violin she was loaned after she left it in an overhead compartment on a bus she rode to philadelphia last week. >>> a bowl game play, kardashian ex comes up big. >>> plus, breezing to an easy victory against atlanta, drew brees brakes a big record. your early morning sports headlines are straight ahead. >>> today will be the worst travel day of this holiday week. we're watching heavy rain for the eastern seaboard. you're watching "early today." >>> very good morning to you. if you're just waking up, this is "early today." in sports last night the new orleans saints made it clear they're ready for the playoffs and their quarterback earned a slice of immortality. here's fred roggin

some areas have picked up snow and we'll do a little shoveling, especially in the berkshires, white mountains, eventually green mountains throughout northern new england. as i mentioned, it's flying. we're done in new york city. just about done in hartford. boston, i give you another two, three hours at most and then you're done with this storm. up in new hampshire and maine it will be affecting your morning commute. everyone else, it's just going to be windy and much colder. winds are howling around this area of low pressure. like an old fashioned another ea nor'easter. winds gusting up to 30 miles an hour from d.c. northwards up to coastal areas of new england. because the storm is leaving and winds out of the north now, finally that cold air from canada is returning. it's about 20 degrees colder this morning than it was at this time yesterday. so, you definitely need winter coat and gloves for yourself and the kids. temperatures this morning are very cold around the rest of the country. it finally looks like and feels like december, just about everywhere, even florida is chillier this morn

become difficult to separate nature from berkshire because of these in our mental factors.hing that is interesting is music manifests itself in some way different ways. not all composers can blame their instruments very well. and not all instrumentalists compose, and there are for rangers that do not play or compose. you would not say that they are not musical. then you have all of these people who are musical experts, disk jockeys, film supervisors, and they have what we would call musical sensitivity, but it manifests itself in so many different ways, the hunt for a gene is complicated by that. if you are looking for a gene that might give you blond hair, that manifests itself in different ways, but more less is blond hair. musicality is 10 or 12 different things. and to become a great musician requires different personalities. you have to be willing to sit in a room off for hours on end practicing, that kind of willpower, and you have to have a belief in yourself, certainly, for the first few years of musical training, it does not sound very good. you have to believe it

recently, a large area of reeds was berkshire. some say hunter said the fire so that they see their targets more easily. other say it will is people growing marijuana is wanted to destroy the evidence. the directive says -- the director says anything is possible. >> you hear that? another shot. it is anarchy here, revolution. we cannot do anything against poachers because my game keepers have been on unpaid leave for months. the police only get involved in the ranger official requests assistance. the parties have been at loggerheads for months. everything is blocked. they have not even approved funding for the national park. >> svitava lake was once a paradise for water birds. now it is a paradise for those who butchered them. these men say they come here every weekend from september 1 until february 1. european bird conservation groups have appealed to the bosnian authorities, to no avail. >> these birds are not really dead. that is the problem. they just vegetate somewhere, dying slowly of lead poisoning, or are stacked up by bi

adirondacks are getting it, off the white and green mountains of new hampshire and even some of the berkshires in massachusetts could get some snowflakes on the back side of this storm. at least that's good news for the northern ski resorts. by the way, this little system here, that's another push of cold air. an upper level disturbance that will likely pass through the great lakes over the weekend and try to watch the upper level pattern here that could very well support some snow showers coming off the great lakes and reaching us late christmas, christmas night into monday morning. we're trying to squeeze out any flake we possibly could just for the ambeespecially of some christmas -- ambience of christmas snow. don't plan on stickage. temperatures starting off mid- 40s to near 50. we've already gotten the rain outta here and we're expecting a partly to mostly sunny sky developing. strong winds, 53 degrees. we'll have those winds at 35 miles per hour, and then the winds settle down and we'll drop into the 40s this evening and even lower overnight. by the way, quick outlook for tomorrow, if y

tomorrow morning's drive mostly up in new england or poconos or berkshires so for today temperatures the day goes on with all the rain. middle of the country you look okay, willie but not a big snowstorm. not a big event. maybe a couple inches northern new england. >> shaky airport day. >> very much so. >> bill, thanks so much. to sports now. a final answer could come as early as today on whether or not 11-time all-star albert pujols will become a marlin. the team reportedly offered the 31-year-old a ten-year contract worth more than $200 million. pujols has played his entire career in st. louis and st. louis hold out hope he'll re-sign with his old team. they signed heath bell to a $27 million and a $106 million deal with jose reyes from the mets, all part of an effort to fill the seats at the team's new $634 million retractible roof stadium that opens this spring. last season the team had the lowest attendance in the national league. stadium not the only thing new to the marlins. a few weeks ago we showed you pictures of their new unis and a ray of orange, yellows and blues you won

. >>> berkshire hathaway completed buying warren buffett's home town paper "the omaha world-herald" for$150 million and the assumption of $50 million in debt. >>> in asia, chinese officials announced the industrial output is expected to ease next year to 11% growth. the yuan will hit an all-time high against the dollar on monday. >>> christmas game early for one very relieved boston music student who found the $175,000 violin she was loaned after she forgot it in the overhead compartment on a bus she rode to philadelphia last week. lucky girl. >>> in health news this morning a new study suggests the reason one perfume you love repulses another is because of genes. scientists ask people to rate their preference for the scents found in perfumes. it turns out which people's gene var rations correlated with what they liked best. for this and more head to msnbc.com. >>> a trick bowl game. kardashian's ex comes up big. plus breezing to an easy victory against atlanta, the saints' drew brees breaks a new record. you're watching "first look" on msnbc. fantastic! [ man ] pro-gresso they fit! oka

so kind of the needs to go to the good of the feds to use them through the road will be linked to berkshire in the little textbook than additional steps probably go on because to go in the british and from the third would relieve them for a vote here and do the big issue for the beautiful view by the end before the end of the next year but actually they were both heels if you will in december this year go a member really all the money. let's have a look at the equity markets now cruel futures edged high in electronic trading on she was day to reaching ninety five dollars a barrel for those up the second day on four counts that u.s. stock piles declined adding pressure is speculation that further sanctions may be imposed against iran take second largest producer. of stocks in europe shake off the balkan burney losses on tuesday helped by banks the footsies trading lower while the dax is gaining over a quarter of a percent the shares of b.m.w. up to now half percent and dine adding one point three percent drug sector is weak shares of astra zeneca down over three percent. and russian stock ma

and the concept in that generation was that true happiness came from berkshire. they were very passionate. i wrote a small book and you look at the founding fathers and it is amazing how deeply they felt this. if people refused self discipline, they cannot possibly brief free. -- be free. jefferson said that ignorance and freedom cannot possiblbe po. the founding fathers right religion and knowledge being important, of being vital. they said up public schools. but notice with the order was. the really wanted us to understand how to live the good life, not how to live a rich life. and they felt it in their bones. what does that mean? again, i am warning you if you decide you really want to support me. [laughter] it means i have a passionate dedication to the work ethic. i think we need to reinstall the work ethic. [laughter] -- [applause] the president said the other day that the american people have grown lazy. that is the jimmy carter system. once it starts to fail, somebody else must of bennett. he could not have done it because he was perfect. you must of done

. >> berkshire people are so in tune with the be killed that it is sure that there are a couple of people paying enough attention that they will care. >>reporter: i/o poll shows new bankers in a close fight with ron paul and mitt romney. as for drove he said that his newly may differ, but he believes new gingrich's his man. >> i think you will bring harm positivity. >>reporter: gingrich has been married three times and all his current wife is a mainstay on the trail. >>erica: the us district of fog tracker for, we have some dense fog and the north bay carried out of that action yellow on your screen, we have dense fog near san raphael, we have a quarter mile visibility of the same from napa and about a half mile to 1 mi. visibility up through santa rosa. we do have hazardous driving conditions for portions of highway 101. we do have some patchy fog along the coastline but this is not affecting your visibility. along with that we have to deal with some pretty cold temperatures not as chilly as this to the morning we actually have some of the kurdish for places like napa and a bottle and in

stock, she got out before the market dropped and she bought berkshire right before the equity buy intoell timed. >> also, a delaware democrat is on the committee. >> interestingly, he was the point man of the obama white house on health care reform while he was doing that and pushing the build through legislature, he was trading health care stock at the same time. nice arrangement. >> spencer bachus is a republican from alabama. >> he's the chairman of the house financial services committee. they have hearings tomorrow. he actually is a very active options trader. so he was shorting the market during the financial crisis after meetings with the treasury secretary and the fed chairman. did so more than 40 times during the financial crisis and did very, very well. he's chairing the hearings. >> this is crazy! rather, democrat gary ackerman of new york. >> he got offerings of public stock but he didn't pay for them. the company loaned him the money to buy him the stock that he made $100,000 on. the ethics committee is looking at it and said at this point, he maybe should have reported tha

berkshire hathaway announced plans to purchase the omaha world herald company which owns his hometownewspaper and several other papers in nebraska and iowa. buffett firm already owns "the buffalo news and has a stake in "the washington post" company. usa prime credit... this peggy... hi, i'm cashing in my points... peggy? no more points - coupons now. coupons? coupons. coupons? next, you convert coupons to tokens. tokens? then you trade tokens for credits. and then i get the cash? then you call back. bye bye. peggy? hello? what just happened? want rewards that make sense? switch to discover. america's #1 cash rewards program. it pays to discover. if you have painful, swollen joints, i've been in your shoes. one day i'm on top of the world... the next i'm saying... i have this thing called psoriatic arthritis. i had some intense pain. it progressively got worse. my rheumatologist told me about enbrel. i'm surprised how quickly my symptoms have been managed. [ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes

but if you're in northern connecticut, maybe the berkshire, i think you're going to end with a little bit of snow tomorrow. even areas like boston. it's not a lot, but you may see some flakes to get you in the mood and feel. we're in the 50s in new york city. you're watching "morning joe" brewed by starbucks. let 's go to vegas. alright, let's do it. let's do it, let's go to vegas. vegas baby! maybe we should head back to the dealership first? vegas! no, this is a test drive. vegas! [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get zero first month's payment, zero down, zero security deposit and zero due at signing on any new volkswagen. visit vwdealer.com. the droid that wirelessly pulls files, music and movies, all at 4g lte speeds. and introducing the droid xyboard. with an 8 inch hd screen and adaptive surround sound, a home theater for your hands. powered by verizon 4g lte, these droids are too powerful to fall into the wrong hands.

book i've ever written which didn't require new travel at all apart from to a lunatic asylum in berkshireit seems possible or probable actually because this book actually got to number one in england which amazed me, that this will be my most successful book and i think someone is telling me that mr. winchester i think perhaps travel writing is not based genre you should exploit. maybe you should stay at home, dig your garden, look for a new wife and settle down right books of history. >> guest: golly. [laughter] yeah that is sort of what i do nowadays. c-span: in a book called the alice in wonderland i counted 21 books. i assume there are more than that though. >> guest: i think that's it. i'm sorry to disappoint you but i think it is only 21. c-span: the one on top here, also by simon winchester is atlanta, the biography of the ocean and i have a hardback copy here that i understand the paperback is out. >> guest: yes the paperback is out, so -- c-span: what led to that? i read one of the statistics in your book that something like the ocean has been around for 170 million years and we