Some dots that need connecting in today's Buffalo News:
- Page One: Showdown with BP brings guarantee - Jennifer Loven/AP/Buffalo News
President Obama wrested a $20 billion compensation guarantee and an apology to the nation from British oil giant BP on Wednesday, announcing that the company would set up a major claims fund for shrimpers, restaurateurs and others whose lives and livelihoods are being wrecked by the oil gushing into the Gulf of Mexico.
Update: BP chair: Sorry for 'small people' remark on Gulf
- City & Region: Continental exec rebutted by lawmakers - Jerry Zremski/The Buffalo News
The chairman of Continental Airlines on Wednesday tried to wash his hands of responsibility for the February 2009 crash of Continental Connection Flight 3407 in Clarence Center, but House lawmakers wouldn’t let him get away with it. [Video]
- Business Today: Gates, Buffett urge other billionaires to give away wealth - Donna Gordon Blankinship/AP/Buffalo News
Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.
Patty Stonesifer, former CEO of the Bill & Melinda Gates Foundation, told the Associated Press on Wednesday that Gates and Buffett have been campaigning for the last year to get others to donate the bulk of their wealth. ...
Gates and Buffett are calling their campaign the Giving Pledge. Buffett, chairman and CEO of Berkshire Hathaway Inc., said in a letter introducing the concept that he couldn’t be happier with his decision in 2006 to give 99 percent of his roughly $46 billion fortune to charity. Berkshire Hathaway owns The Buffalo News, and Buffett is its chairman.
Here's another way for rich folks to dispose of their surplus money:
-- George Pyle/The Buffalo News