Monday, February 25

ByKevin Sheekey

Warren Buffett: I would support Mike Bloomberg for President if he announced tomorrow (CNBC)
Berkshire Hathaway Chairman and CEO Warren Buffett told CNBC this morning that he would support former New York Mayor Mike Bloomberg for president.

“If Mike Bloomberg announced tomorrow that he was a candidate, I would say I’m for him,” Buffett said in an interview from Omaha, Nebraska where he released his annual letter to shareholders on Saturday. “I think he would be a very good president.”

“I think he knows how to run things, I think that he’s got the right goals for America, he understands people, he understands the market system, and he understands the problems of people at the low end of the market system.”

Watch here.

Warren Buffett’s Message to Washington: Bipartisanship Works (Bloomberg)
“Our country’s almost unbelievable prosperity has been gained in a bipartisan manner,” he wrote in his annual letter to shareholders as he traced the growth of U.S. economy over the last 230 years. He listed a number of obstacles, including wars and financial panics. He added that the U.S. should rejoice at the growth prospects of other countries. “Americans will be both more prosperous and safer if all nations thrive,” he wrote. Read his full annual letter here.

Brexit: The EU’s Donald Tusk says a Brexit delay would be “rational,” but when have the British been rational when it comes to Brexit?
Tusk Says Delay Would Be `Rational’ Thing to Do (Bloomberg)

Theresa May Hints at Ambition to Stay on for Longer as U.K. Leader (Bloomberg)

U.S., U.K. Pledge Continuity for Derivatives Trading After Brexit (Bloomberg)

Most Economists See U.S. Recession by 2021, Survey Shows (Bloomberg)

Today in U.S. – China Trade: Trump ‘Always Changes His Mind,’ Say Exporters Wary of U.S. – China Trade Deal (Bloomberg)

The New U.S. Congress: In Conservative Districts, Democrats Have to Answer for Party’s Left Wing (New York Times)

Gun Safety Today: Democrats Move Toward First Vote to Crack Down on Gun Violence (Politico)
House Democrats have also scheduled a vote on legislation to extend the deadline for federal background checks from three business days to as many as 20. The legislation is designed to close the “Charleston Loophole,” which allowed white supremacist Dylann Roof, who killed nine African-Americans at the Emanuel AME Church in Charleston, S.C., in 2015, to buy a gun despite pending felony drug charges against him.

NRA Magazine Draws Criticism for ‘Target Practice’ Headline With Photo of Nancy Pelosi and Gabby Giffords (New York Times)

Today in Health News:

American Journal of Public Health: New York City banned trans fats a decade before the rest of the country. A new study finds eaters are healthier for it (The New Food Economy)

Editorial: Mike Bloomberg’s Trans Fat Ban Paid Dividends (New York Daily News)
It’s time for the New Yorkers who lambasted Mike Bloomberg’s 2006 ban on artificial trans fats in New York City restaurants to say sorry. Better yet, do it in the form of a note from your cardiologist.

A new paper in the American Journal of Public Health finds that trans fatty acid levels in the blood of a sampling of 3,000 New York City residents dropped 57% citywide between 2004 and 2014. Diners who ate out four times a week or more (who does that?) saw their levels drop by 62%. Large declines over a similar period were also felt across the country, but nothing like what New York City’s diners saw.

Studies have shown an increase in calories from trans fatty acid of just 2% to be linked to a 23% increase in coronary heart disease risk. Which is why it’s little surprise that in 2017, another study saw New York City registering a 6% drop in heart attacks and strokes three years after Bloomberg’s reforms went into effect.

Climate Preparedness: Unilever, L’Oreal, Danone Deemed Most Ready for Climate Change (Bloomberg)
Among the world’s biggest consumer companies, Europe’s Unilever NV, L’Oreal SA and Danone are best prepared for the effects of climate change relative to their peers, according to a report from the nonprofit Carbon Disclosure Project.

Oscar Recap: Tiny Fey, Amy Poehler and Maya Rudolph Open Hostless Oscars (Washington Post)
“Good evening and welcome to the one-millionth Academy Awards. We are not your hosts,” Tina Fey said. “But we’re going to stand here a little too long so that the people who get USA Today tomorrow will think that we hosted.”


Best of late night.

“Ride-sharing app Lyft has added a new feature that directs users to walk several blocks in order to optimize a driver’s pick-up and drop-off locations. ‘Hey! That’s what we do!’ said buses.”
— Seth Meyers

“I heard that Bradley Cooper and Lady Gaga are performing their hit song ‘Shallow’ at the Oscars. That’s great, in case you missed hearing it at the Grammys, Golden Globes, SAG Awards, YouTube and every radio station, you’ll get to hear it at the Oscars!”
— Jimmy Fallon

In case you missed it, watch it here.