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Warren Buffett to Trump: 'I have paid federal income tax every year since 1944'

Buffet ClintonWarren Buffett schooled Donald Trump on Monday about the taxes of a billionaire.

"Mr. Trump says he knows more about taxes than any other human. He has not seen my income tax returns. But I am happy to give him the facts," Buffett said in a statement.

Buffett was responding to an exchange in Sunday's debate in which Clinton called on Trump to release his tax returns. Clinton has blasted Trump for using the tax code aggressively to avoid paying federal income tax.


Trump Taj Mahal closes after years of losses

Trump Taj Mahal closesThe Trump Taj Mahal, an iconic casino hotel on the Atlantic City boardwalk, ceased operations Monday after hemorrhaging losses for years and negotiations with employees' union broke down, according to its owner, billionaire investor Carl Icahn.

The shutdown, which leaves 3,000 employees out of work, was widely expected after its management announced the planned closure in August. Beset by labor strife and the decline of Atlantic City as a resort and gaming destination, the hotel lost "almost $350 million over just a few short years," Icahn said in a statement Monday.


750,000 still without power in North Carolina after Hurricane Matthew

750,000 without power after MatthewMore than a thousand people had to be rescued from flooding in North Carolina as the state was hit harder by Hurricane Matthew than was expected.

Many areas of eastern North Carolina saw 15 inches of rain, two or three times what had been predicted. And as Matthew moved away from Cape Hatteras, and out into the Atlantic Ocean as a tropical storm, it left a massive amount of damage.


Poll: After Trump Tape Revelation, Clinton's Lead Up to Double Digits

Hillary ClintonAs Donald Trump's campaign reels over tapes of the presidential candidate's sexually aggressive comments about women in 2005, the Republican nominee now trails Hillary Clinton by double digits among likely voters, according to a new NBC News/Wall Street Journal poll.

The poll, conducted on Saturday and Sunday but before the second presidential debate, shows Clinton with 46 percent support among likely voters in a four-way matchup, compared to 35 percent for Trump.


The Latest: Harvard economist 'thrilled' by Nobel

Oliver HartHarvard economist Oliver Hart says he's "thrilled" his work has received one of the highest honors of his profession.

"It's a recognition that your work has been valuable. That's what we all want," he said at a news conference Monday at the university's economics department.

"I can't deny that the thought had crossed my mind that I might win it. But I could not imagine the phone actually ringing," Hart said later in an interview with the AP.


Paul Ryan abandons Trump campaign

Ryan abandons TrumpSpeaker Paul Ryan told House Republicans on a conference call Monday morning that he’s done defending Donald Trump and will focus on maintaining his party’s increasingly imperiled House majority, according to sources on the call.

The message amounted to a concession by the highest-ranking elected Republican that his nominee for president can’t win — and lawmakers should act accordingly to save themselves and preserve a Republican Congress to act as a check on Hillary Clinton.


Christopher Columbus: The myth that keeps on giving

Christopher Columbus mythOn October 12, 1492, a geographically misguided voyager by the name of Christopher Columbus happened upon the so-called New World.

Five centuries later, famed Uruguayan writer Eduardo Galeano would refer to the day as the one on which "America discovered capitalism" as Columbus, "financed by the kings of Spain and the bankers of Genoa, brought this novelty to the Caribbean islands".


Ken Thompson, Brooklyn's First Black District Attorney, Dies at 50

Ken Thompson diesBrooklyn District Attorney Ken Thompson died Sunday at the age of 50 after 32 months in office, officials said.

Thompson’s sudden death at Memorial Sloan-Kettering Cancer Center came as a shock to the city, which was already reeling from his announcement Tuesday that he was seriously ill with cancer and was going on leave to be treated.

His family was with him when he died.


Trump, companies accused of mistreating women in at least 20 lawsuits

Trump lawsuitsOne woman sued Donald Trump’s Miami resort saying she lost her job because she got pregnant.

Two others claimed they were fired after complaining that co-workers sexually harassed them.

And a number of women testified in a lawsuit that Trump himself repeatedly instructed managers to hire younger, prettier workers at his Los Angeles golf club.


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