A devotee spins a prayers wheel during Buddha Jayanti, also known as Buddha Purnima festival, to celebrate Buddha’s birthday, in Boudhanath Stupa, Kathmandu, Nepal, Monday, May 12, 2025. (AP Photo/Niranjan Shrestha)
He was vaguer when asked how he sees the state of the economy saying, “I can’t talk about it now, I really can’t.”In recent years, Buffett has stopped commenting on politics or other controversial subjects because, he has said, he doesn’t want to hurt Berkshire’s businesses by offending anyone. The longtime Democrat hasn’t publicly backed any candidates for office since Hillary Clinton ran for president.
He did offer advice addressed to “Uncle Sam” in his most recent, reminding the country that “we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.”Representatives for Trump did not respond to a request for comment.
The S&P 500 lost 6% Friday afterin tariffs announced earlier this week. The move increased the stakes in
that could end with a recession.
Associated Press writer Josh Funk contributed to this report.In late 2007, Abdullah faced a series of massive street protests on issues including fuel hikes, demands for electoral reforms and fairer treatment for ethnic minorities. The protests shook his administration. Police cracked down on the rallies and Abdullah warned he would sacrifice public freedoms for stability.
In the March 2008 general election, his National Front suffered one of its worst results in a huge blow to Abdullah. It failed to secure a two-thirds legislative majority for the first time in 40 years, yielding 82 seats to the opposition in the 222-member Parliament. It also lost an unprecedented five states.Abdullah initially refused to step down, but pressure grew. Mahathir quit the United Malays National Organization, the linchpin of the governing coalition, to protest Abdullah’s leadership. Dissidents within UMNO openly called on him to resign to take responsibility for the dismal election performance.
Abdullah caved in and handed over power to his deputy, Najib Razak, in April 2009.Born in the northern state of Penang on Nov. 26, 1939, Abdullah came from a religious family. His grandfather was the first mufti, or Islamic jurist, of Penang. Abdullah received a bachelor’s degree in Islamic Studies from the University of Malaya.