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Archive for Sunday, April 29, 2001

National briefs

April 29, 2001

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Nebraska

Investors expecting too much, Buffett says

Investment mogul Warren Buffett warned Saturday that people are expecting too much return on their investments, and investment consultants are fanning the flames.

Buffett, the multibillionaire chairman of Berkshire Hathaway, addressed several questions at the annual shareholders' meeting in Omaha about whether the holding company could see an annual rate of return of 15 percent or higher.

Investment firms routinely promise an annual return of more than 15 percent, Buffett said, but that kind of continued growth is unrealistic, particularly in large companies like Berkshire.

Chicago

Jackson sued for child support

The mother of the Rev. Jesse Jackson's out-of-wedlock child has filed a lawsuit seeking child-support payments and visitation arrangements.

Karin Stanford filed the lawsuit about two weeks ago in Los Angeles after unsuccessful negotiations with the civil rights leader and his attorneys, said Stanford's spokeswoman Michelle Jordan.

Jackson insists he and Stanford are not at odds.

"The process of resolving the settlement is ongoing. There is no contest," Jackson told the Chicago Tribune. Jackson's attorney, Willie Gary, said the details of a settlement had been worked out.

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