>> warren buffett: no, i wasn't.ind of finding what he wanted to do. >> stahl: and so it didn't... >> warren buffett: so it made no difference to me if he found it in a college or not. >> stahl: really? now, that is an unusual parent. >> warren buffett: it is an unusual parent. but it was the way both his mother and i felt. none of our kids graduated from college. now, if they pool all of their credits, we can get a degree. >> stahl: one degree. >> warren buffett: yeah. just pass it around. >> stahl: once howard settled on farming, warren bought land for him, but then made his son pay rent and tied it to his body weight. so, if you gain weight, your rent goes up, and if you lose weight, the rent goes down. >> warren buffett: something like that. financial incentives are supposed to work in some things. they don't work very well in weight, incidentally. >> stahl: but why wouldn't you just give your son a farm? >> warren buffett: well, i just don't think that's, you know, the way to bring up a son. i mean, i don't thin

we begin with perhaps the most famous investor of them all, warren buffett. his fame extends far beyond wall street, his oldest son, howard, not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. for most of his adult life, howard has been a corn and soybean farmer in nebraska and illinois. and as lesley stahl first reported in december of 2011, howard doesn't live the high life, and he loves getting down in the dirt. >> this is the man who'll become the next chairman of the company-acquiring, investment-picking, moneymaking machine berkshire hathaway if warren buffett has his way. howard is a farmer who would rather dig up the ground and drive big machines than sit in a boardroom. were you stunned? were you surprised? >> i was surprised. >> but no sign that he's about to leave? >> he won't leave until he's buried in the ground. i hate to put it that way. >> this is no gentleman farmer. howard buffett works his 1,500 acres in pana, illinois, himself. we're gonna

warren took on government and wall street when she was asked by senate majority leader harry reid to financial bailout. then she led the charge to create a new consumer protection agency. brown successfully sponsored laws to make it easier for entrepreneurs to raise capital and to prevent members of congress from using inside information to profit from the stock market. why should massachusetts voters elect someone other than scott brown? >> well, i think this is really about whose side do you stand on? scott brown has been delivering for wall street. >> reporter: your opponent says you tried to water down the very financial regulations that would prevent another meltdown. >> well, with all due respect, as you know, she's had some credibility issues lately. >> reporter: he's talking about the controversy over warren's decision while at harvard and the university of pennsylvania to list herself in professional directories as native american. >> there's no evidence of her having any native american. she's not 1/3 27bd. she has none. >> reporter: warren says she was told by her parent s

if their prophet warren jeffs who is now in jail tells them to do something, they do it. including in the past when he's told 13-year-old or 14-year-old girls they have to marry men in their 60s, 70s or 80s. they do it. their families make everything move to make it happen. so it's the kind of situation we go there and try to talk to the people who are members of the flds. they run away from us because they're scared to be seen with us. they could get in trouble if they talk to an outsider like myself. >> i know you interviewed a couple who say they were discriminated against. what story did they tell you? >> they got a home -- a young man, classic case. he worked as a young man working on work crews when he was about 8 years old. he left the community. was never compensated. finally, he was given a home when they started taking over the land trust. he was badly disabled on a work-related site down in phoenix, so he's disabled. he was never compensated for his work as a child. he and his family were given a home. they're non-flds. the flds community didn't want them there

latimer memorial lecture, as professor warren has mentioned. dr. latimer was a product of new york city, he was a columbia medical grad, he was a columbia medical school. he really was quite varied in his interests. he was chairman of surgery for almost 25 years and he really placed pediatric neurology on the map. aside from the professional what was including 375 scientific papers, he was really involved in several different subjects and most important were military weapons. as a very young man, he graduated medicine school in 1938, during world war ii at the time of the nurmburg files. through his knowledge about them, he published this book, "hitler's fatal sickness." it engendered a lot of criticism, a lot of discussion. he hypothesized that hitler had parkinson's following a post encephalitis disease. having said that, doctor latimer was also a ballistics expert, he was the first nongovernment, nongovernmental medical individual allowed to view the photographs and transcripts from the kennedy assassination. and this is back in the '70s and he

that fugitive being warren jeffs.recovered when jeffs was arrested written by the former chief declared, i am praying for you to be protected. the state senate passed the bill. then something surprising happened in the house. two representatives, nonflds members who represent colorado city in the legislature, took up the church's cause to keep the police department intact. with their leadership, the bill died in a close vote. mcclane and gooddale say the bill is unconstitutional because they claim the city is being singled out. they also acknowledge they want to support their constituents. another part of their argument, listen to this -- >> things are changing up there and it just doesn't seem fair to go backwards in time when things are finally opening up. >> reporter: but that directly contradicts what gary angle sees. he's the primary investigator of the flds for the county prosecutor's office. do you think things are getting better in colorado city? >> no, things are getting mump wor much worse up there. >> repor

elizabeth warren, herself, to the program this morning.. the ink is no longer dry on the supreme court decision yesterday than when senator scott brown put out a statement saying well obamacare may be constitutional but he said it is wrong for jobs and the economy. what's your take? >> well they push that same button. don't they? every time. >> every time. >> the way i see this is for every family who worries that one serious health problem could turn them upside down financially, this decision is good news. it ensures that millions of children, seniors, people all across the spectrum are going to continue to benefit from healthcare reform, and i was very glad to see it. >> the senator has said that he would be a vote for repealing the affordable care act. and he also of course as i understand it, has a daughter who is on his own healthcare plan because she is under the age of 26. so, benefitting from the plan but ready to repeal it? >> yeah. you know, but that's how it's been all along. remember, scott brown originally ran on blocking hea

but ppoperty records show his boss - warren harmis....14:46 "i'm sorry.... warren?"... is the currentt owner and operator. -------------------------------- -------------------------------- ------------------------ ááástate records show he also owns a cemeeery in catonsville... innestigated for mismanagement last yeaa. -------------------------------- -------------------------------- ------------------------e tried contacting him several times... he never returned out calls.but customers to be afffliated with the a-m-e church.called... and has never been aale to partnership.06:40 "i am sick and tired of peoole hiding behind the guise of she wonders who's keeping ppots said they paid for perpetual pare... /where issthe love &pddgnity."5/14/2012 pkg - row is singing!back at ount auburn... there was reason to celebrate lasttmonth... hhn politicians gathered at the historic landmark... 1872. it's belieeed to be the ldest african american state. (file bite froo 5/14/2012) "successive generations buried fenceewas constructed around the front side of the cemeterr. buttmuch of t

warren buffet, you rarely hear about management shakeups at berkshire hathaway, and warren buffet isseeing this with his hands-off managementle. so think there's still more of this. >> tom: i agree, there will be more of this in the days to come, very rare for this kind of management dispute to become public out of berkshire hathaway. >> tom: u.s. stocks had a positive tone throughout the day, climbing on the positive durable goods and pending home sales data. the s&p 500 continued yesterday's bounce, opening strong after the durable goods poinuing to build. the market shook off a small afternoon swoon to end higher by almost 1%. today's action continues this month's volatility on both sides, up and down. with today's gain, the index is up just under 6% on the year. volume on the big board fell from yesterday, down to 682 million shares. it was steady on the nasdaq at 1.6 billion. energy stocks fueled the gains with the energy sector rebounding 1.9%. financial stocks also put in a strong performance, up 1.2%. today's energy stock buying was under-pinned by a rally in oil prices. benc

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warren buffett and lloyd blankstein will be here on set. both of these gentlemen, i was with them last night, i asked them for a job for you and me. i reminded them, especially mr. blankfein, while everything was going down and the caca and everything was going down that willie geist kept his eye on the prize. i still want my job. >> we are the 1%. >> if you can get us through that door -- >> you have to be the .01% to work at goldman sachs. >> it was in our mission statement. >> here's what's it's going to be. >> to inform the people but also to get a job at goldman sachs. >> he really is -- i thought steve ratner's talk last night about the small businesses that they're partnering with was -- it was very revealing. he said, hey, listen, we came in with this idea that we were going to be patrons and sort of had a -- he didn't use the word condescending attitude but it was kind of like here, take our money and look at us. he said at the end of this process and i've heard warren buffett and everybody else say it, too, you look at the small b

senator scott brown is running for re-election against elizabeth warren. before scott brown, the skeet in the senate he currently holds now was held for decades by ted kennedy. asked to participate in a debate sponsored by the edward m. kennedy institute, scott brown decided there's a new rule for debates. he said he would not participate in that kennedy institute debate if anybody associated with the kennedy institute was going to make an endorsement in the race. now, he didn't just mean somebody who was going to be moderating the debate and asking the questions or anything like that. what republican senator scott brown insisted on rather is that the widow of ted kennedy personally be banned from making an endorsement in the senate race because she has an association with her late husband's institute. to be clear, there was never any indication she was going to be participating in the debate in any way or asking the questions or anything like that. just because she's associated with the institute named for her late husband, scott brown said he forbid her

was white until they called his name after realizing the mixup warren decided he would hand the cash back. >> i know that they were trying to do a good deed for the african-american community and i had no trouble giving it back. >> warren says the scholarship application stated that african- americans were encouraged to apply. the club says it will change the language on next year's application. >>> it is now 5:35. verizon is rolling out a new service at the end of the month, trying to make your life a little easier. >> stay with us this morning, the new program will be especially useful if used with smart phones, tablets and other gadgets. we'll explain how it's all going to work. >>> a new report now predicting on what's going to happen if countries around the world don't consider raising the age of retirement. >>> and we have a light breeze this morning. i'll tell you how windy it's going to get and when that happens coming up. >>reporter: everything is up to speed here on 695 at bel aire road. i'll show you what 95 and the jfx look like coming up in my abc 2 news time saver traff

. >>> plus, warren buffett's big guns, literally. the personal security team and an incredible new report that ties together a ceo's spending habits to the likelihood their company commits fraud. >> stay tuned for that. meantime, news of the spanish bank bail yut triggered a rally early and didn't last very long. and going for its first five-day winning streak and now down on the day. as for the s&p, the fifth gain in six sessions but that, too, is in question at this point of the day and the nasdaq had the dubious distinction of losing the gans. all three are coming off their biggest gains of 2012 so far. back to you. >> thank you very much. >>> well, we are going did give you apple headlines when they cross. still waiting for maybe the big reveal at the end of the show. we have carl on stand by. everybody's out west. apple fan people, do not worry. we will have plenty of news for you. right now, we have to talk about the big news going in to this morning and still is the news out there. and that is the spain bailout. aka, the spail

rubble or adam whitely editor in chief at net right daily erica new democratic strategist and michael warren writer with the weekly standard thank you all for joining me tonight great to have you with us earlier this week a group of house democrats led by jesse jackson jr proposed raising the minimum wage to ten bucks sounds like a lot but it turns out they actually called the act the catching up with one hundred sixty eight act because if you were to inflation adjust the minimum wage of nine hundred sixty eight to today it would actually be over ten dollars so you know republicans are running around saying they want people to keep their hard earned money through tax cuts tax cuts that would affect people who make minimum wage but nonetheless why not pay people a living wage for their hard earned work what's wrong with the ten dollars minimum wage likely there's an economic argument against minimum wage is entirely. there absolutely is because you know it's a pretty good way milton friedman made made the case that i was wrong. made the right case i think that if you said what the minimum wag

did in order for warren buffett hire me two million dollars but it had to pass must be higher isn't actually prefer not to have anything if you don't have much wanted to have dinner with some guy to give you a job that's a job that's better let's move on because a new report by the congressional budget office says rising health care costs will continue as a main factor contributing to us debt but we want to remind you because a lot of people are running with this report before you believe anything that c.b.s. says at face value remember what the whistleblower on our show said just last week about whether or not we should be questioning their political motivations as her experience showed listen to land family she said this on our show last week. so this is a question that i put to the public for them to the congress. and seaview. who it is that this is. that's because she was fired in her view because she wouldn't pay a rosier picture of the housing sector the banking sector then what this cvo wanted or what the wall street advisors wanted so go watch her interview again see a whist

a bidding war of sorts is under way for a lunch date with billionaire, warren buffet. you have to put up a minimum of $25,000 to get into it, and be prestreend to whip that date. you have until friday to place high dollar bids. proceeds benefit san francisco glide memorial foundation. keep in mind, the last four winners paid more than $2 million each to sit down with warren. but all of that spending of money could pay off. he hired last year's winner who coughed up $2 million for that. >>> a concert takes off to celebrate queenut b lizabeth,ut b ee may not be listening to the music. >> we'll show you why just ahead. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as 14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network

investigation into the bombshell allegations facing senate candidate in massachusetts, elizabeth warren will tell you why this scandal, involving her supposed native american heritage could single handedly put the republicans back in the majority, come november. that and much more, straight ahead. [ male announcer ] what's in your energy drink? ♪ wer surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >> the battle balance of power in the united states senate is hanging by a thread, as democrats hope to keep their slim majority t. could come down to one state where a naggy controversy has been clouding this race. >> in the closely watched massachusetts senate race, one issue has been dogging elizabeth warren for months. is she, in fact, a minority, due to her claim of be

national captioning institute] [captions copyright national cable satellite corp. 2012] >> next, warren buffett talks about his life and career. then chris matthews speaks at the gerald r. ford journalism awards dinner. after the commencement speeches by tim geithner error, michele bachmann, and others. -- tim geithner and michele bachmann and others. >> warren buffett was a featured guest. he talks about his life and career and briefly discussed the nation's debt and deficit problem. his remarks are about 45 minutes. >> ok? thank you very much for coming this evening and honoring us. it is fair to say you are the most respected investor in the world. [applause] the most respected businessman in the world. not as because you have made a great deal of money but because you have done it with enormous integrity and ability and as people see tonight with enormous sense of humor. in addition to being a business person that everybody would aspire to be, he has in recent years become the largest oil and oppressed in the world -- thropist in thehopist i world. his net worth is a little bit high

investigation into the bombshell allegations facing senate candidate in massachusetts, elizabeth warren. we will tell you why this scandal, involving her supposed native american heritage could single handedly put the republicans back in the majority, come november. majority, come november. that and much more, straight [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection. to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! on my feet and exactly where i needed more support. then, i got my number. my tired, achy feet affected my whole life. until i found my number. i tried the free dr. scholl's foot mapping center. in two minutes, i got my foot map and custom number. i'm a 440. that matche

he said he would debate elizabeth warren on two conditions.out as a sponsor because he would not be a part of any debate that would be broadcast on msnbc and the second condition is that vickie kennedy agree she would not endorse barack obama in the 2012 presidential election. those are his two conditions. would you accept those? >> i'm surprised especially the second one is bizarre. msnbc, he is going to need people who watch msnbc to vote for him. >> bill: tom brokaw would have been the nominator -- moderator. he either scores or doesn't score. >> i find that unusual. i hadn't heard that. because brown, in a lot of ways, has been deft himself in running his campaign and putting warren on the defensive. but laying out these conditions for debate. i think politicians when they lay out conditions for debate or i'm not going to debate unless xyz. we saw that with john mccain, we're going to suspend the debates and stay here in washington. that backfired. >> bill: absolutely. bob cusack from the hill, managing editor for the hill talking the lay

we're talking three and a half million dollars to have lunch with warren buffett is small details on the marina i'm going to start talking about spain because that's the big story of today and it all happens over the weekend we have the spanish government requesting a bailout for the fragile banking system we're talking one hundred thirty five billion dollars that's equivalent to ten percent of g.d.p. making in the fourth year a nation to receive a is now in the official statement by the spanish economy minister he said the loan will cover estimated capital requirements with an additional safety margin now with that in mind the move means spain now has a fire wall should the greek election on june the seventy that we're waiting for if it does a fresh round of markets in other words. we're holding out of that not long now actually is it until the. election let's see if we go peter markets and see how they're responding right now and they are indeed still gaining for the sea on the optimism is really being felt just one of the iraqis as well as the spanish forces are still gaining stre

>>today there 37 great businesses in front of the warren buffetyou, warren buffete are truly honored to meet you. they tell me you have been doing pretty good in your hood ... >>if you take care of your customer well they will take care of vieyou... i have never t a business person who has failed when they have delighted customers ... >>the best investment we can do is to invest in the people of this city.. the mayor was correct and so are the businesses to recognize this ... there were 37 business owners graduating in the first course the projectionist to have thousands more ... the entire graduating class of university of chicago charter school woodlawn is going to college. many of these students say the school turned their lives around. the commencement ceremony was held at university of chicago rockerfeller chapel last night. the school educates students from some of the most troubled neighborhoods on the southside. ucw administrators say its non- selective lottery based acceptance process proves all children call learn and succeed in the right environment. more than 100 students

now the interview with warren buffett. >> thank you very much, warren, for coming and honoring us. i don't think you need much of an introduction. but i will say that i think it's fair to say that you are the most respected investor in the world, and i think -- [ applause ] the most respected business man in the world. not just because you've made a great deal of money, but because you've done it with enormous integrity and humility and as people will see tonight with enormous sense of humor. and in addition to being a business person that everybody would aspire to be, he has in recent years become the, with bill gates and melinda gates the largest fill philanthropist in the world. >> i think his net worth might be higher than mine, i'd say about $50 billion more or less and he committed to give 99% of that away. and he's in the process of doing so. so thank you on behalf of the country and everybody else. [ applause ] >> your background is pretty well known. some may not know that you actually spent much of your formative years in washington, d.c., your father was elected to the c