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Cash is piling up faster than Warren Buffett can invest it

Warren Buffett
Warren Buffett

OMAHA, Neb. (AP) — Warren Buffett has the kind of money problem most people would envy: a growing mountain of cash.

Buffett’s Berkshire Hathaway is holding more cash than ever with nearly $73 billion on hand. And the total grows every day he doesn’t make a deal.

Buffett says he’s always hunting for sizeable acquisitions for Berkshire, but he’s mostly sitting on the cash this year.

Investor Andy Kilpatrick, who wrote “Of Permanent Value: The Story of Warren Buffett,” says he thinks Buffett is looking for a great company selling at the right price.

Berkshire earns little on its cash, but Buffett isn’t likely to feel much pressure from shareholders.

After all, Buffett still controls nearly one-third of the voting stock, and Berkshire shareholders have rejected the idea of a dividend before.

Lawsuit seeks $2M from Omaha, ex-cop in man’s shooting death

METHCHERRYVALE, Kan. (AP) — Police in the tiny town of Cherryvale, Kansas, looking to track down the owner of an abandoned gram of crystal meth have taken their case to social media.

A bag with methamphetamine was found Sept. 29 at a convenience store in the southeast Kansas community of about 2,300 people. So Cherryvale police politely posted about it on the department’s Facebook page.

The post reads: “We are very concerned and would like to find the owner so please notify us and describe the packaging and we will see what we can do for you.”

It’s been shared nearly 1,700 times. But Police Chief Perry Lambert says no one has come forward as the owner of the illegal stimulant — though he says he’s hopeful.

Lawsuit seeks $2M from Omaha, ex-cop in man’s shooting death

omaha-policeOMAHA, Neb. (AP) — The family of a man shot by an Omaha police officer last year has filed a wrongful death lawsuit against the city and the former officer who fired the fatal shot.

The lawsuit was filed Monday in Douglas County District Court and seeks $2 million for the Feb. 23, 2015, shooting death of 39-year-old Danny Elrod. Police confronted Elrod, who was suspected of robbing a nearby store, and say Officer Alvin Lugod shot him after Elrod refused to comply with commands and turned and reached for a fence behind him. An investigation determined Elrod was unarmed when he was shot, but cleared Lugod of wrongdoing in the shooting.

Lugod resigned following a departmental investigation.

The lawsuit offers to settle the case for $500,000.

Developers, investors pull out of downtown Hastings project

Google Maps
Google Maps

HASTINGS, Neb. (AP) — Developers and investors have pulled out of the proposed $25 million City Block Project in downtown Hastings after nearly three years of planning and negotiations.

Mayor Vern Powers said at Monday’s City Council meeting that the two out-of-town developers and a local investor decided to invest their money elsewhere because of uncertainty about the project’s future. A public vote on the project was set for Nov. 8.

Plans included 42 apartments for Hastings College students, at least 75 hotel rooms, health care space, retail and office space and a publicly owned conference area adjacent to the existing Hastings City Auditorium.

Duck hunter rescued from marshy muck in northeast Nebraska

madison-neSTANTON, Neb. (AP) — Authorities have rescued a rural Madison man who got stuck in mud and water while duck hunting in northeast Nebraska.

The Stanton County Sheriff’s Office says 56-year-old John Johnson was hunting alone Saturday morning southeast of Stanton when he moved into a marshy area and his hip waders began filling with water. He soon was mired up to his neck.

Johnson and his predicament were discovered by a game warden who was in the area to check hunting permits. Rescuers called to the scene in Wood Duck Wildlife Management Area used ropes and a boat to get Johnson back on solid ground. He was taken to a hospital.

Man attacked ex-girlfriend’s new boyfriend, Lincoln police say

lincoln-policeLINCOLN, Neb. (AP) — Authorities say a Lincoln man broke into his ex-girlfriend’s home and assaulted her and her new boyfriend.

Officers who were sent to the duplex early Sunday morning found the former boyfriend there and arrested him. Online court records don’t show that he’s been formally charged.

Police spokeswoman Katie Flood says the man punched the new boyfriend and threatened to kill him and the woman. Flood says the two barricaded themselves in her bedroom, but the former boyfriend managed to cut the woman on an arm before she escaped through a window.

Flood also says children ages 4 and 12 were in the home sleeping during the assault.

Nebraska Court of Appeals to hold hearings at Doane

doane-collegeLINCOLN, Neb. (AP) — As part of its outreach and education efforts, the Nebraska Court of Appeals will be in session on the campus of Doane University in Crete next week.

The Court of Appeals will divide into their customary two panels with three judges each to hear arguments at 9:30 a.m. and again at 1:30 p.m. on Wednesday in Doane’s Heckman Auditorium.

The panels will hear several cases during both the morning and afternoon sessions, followed by an open question and answer session with students. Students will be given detailed case descriptions of each case in order to help them follow the legal arguments.

Doane University students, along with government classes from area high schools, are invited to attend. Reporters, including student journalists, are also encouraged to participate.

Nebraska’s first veterans treatment court to open next month

soldierOMAHA, Neb. (AP) — Douglas County District Court has announced the establishment of the state’s first veterans treatment court.

The veterans treatment court is a judicially-supervised court designed to hold responsible and address the unique needs of military veterans. The special court is only for veterans accused of nonviolent crimes and who are deemed in need of mental health or substance abuse treatment.

The Nebraska Legislature approved a measure earlier this year to establish the pilot project court in Douglas County.

A formal ceremony to open the court will take place at 10:30 a.m. Nov. 4 in the Legislative Chamber of the Omaha/Douglas Civic Center. The Honorable W. Mark Ashford will preside.

Art exhibit at Lincoln bookstore features works by inmates

prisonLINCOLN, Neb. (AP) — An art exhibit in Lincoln will feature a number of dramatic works, but don’t expect a chat with the artists. They’re behind bars.

The 16 works — both visual and written pieces — will be on display at Indigo Bridge Books in Lincoln through Oct. 31.

The exhibit, “Captive Creativity: Dispatches from Tecumseh,” features the works of nine inmates from the maximum security Tecumseh State Correctional Institution.

Becca Ross, of Lincoln, helped organize the display. She says about half will be for sale, with proceeds directly supporting the artists.

In addition, donations will be collected for a books-to-prisoners project.

Iowa firm wins $1.9M contract for work on Missouri River

army-corps-of-engineersOMAHA, Neb. (AP) — An Iowa firm has won a $1.9 million contract to complete work on a section of the Missouri River in southeast Nebraska.

The U.S. Army Corps of Engineers recently awarded the contract to Western Contracting Corporation of Sioux City, Iowa.

The contract calls for widening out the top of the river to create an area about 200 feet wide. Sixteen new concrete structures will be built along river as well.

The work is expected to begin this fall and be completed in the fall of 2017.

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