Buffett: US economy better than presidential hopefuls say
OMAHA - Investor Warren Buffett says the United States' economy is in better shape than the presidential candidates make it seem.
Buffett said Saturday in his annual letter to Berkshire Hathaway shareholders that any baby born in the country today will live better than their parents, even with the current slow economic growth.
He notes that there will still be economic disruption and pain along the way as business evolves, but that the country needs to make sure it has a solid safety net to help people who lose jobs.
Buffett pointed out that change also creates challenges for Berkshire's businesses. For instance, its BNSF railroad is certain to haul less coal in the future and Geico insurance could be hurt by driverless cars.
He assured shareholders that Berkshire's businesses will adapt.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Police investigating string of similar robberies in Garden District area
Department of Wildlife and Fisheries urging boaters to stay safe ahead of...
Woman still searching for answers in mother's mysterious 2008 death
Storage facility's mistake caused disabled man's belongings to be thrown in the...
House struck by stray bullet after gunfire erupted on I-10
Southern baseball wins game one 21-2 over Alcorn
VIDEO: Former Saints and Tiger Devery Henderson talks about the difference between...
New NCAA rules tweak opens door for more SEC dominance
VIDEO: Devery Henderson Talk about Bluegrass Miracle and the Saints "Rebirth game"
VIDEO: Former Tigers and Saints receiver Devery Henderson talks with Corey Rholdon...