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Thousands of fans line up outside for hours, there’s expensive merchandise and even a secret movie.

When 40,000 people descend on Omaha, Nebraska, Saturday, it might sound like a Taylor Swift concert or a Coachella-style festival.

Instead they will sit rapturously for five hours listening to a 93-year-old man answering questions on the economy  but not just any man: billionaire investor Warren Buffett.

Welcome to the Berkshire Hathaway annual shareholders meeting, dubbed “Woodstock for capitalism” and compared by attendees to going to church or seeing The Beatles live.

Inside the CHI Health Center Omaha, ordinary shareholders mingle with celebrities such as Arnold Schwarzenegger, Bill Murray and Glenn Close and the biggest names in business, including Bill Gates, JP Morgan CEO Jamie Dimon, and Apple’s Tim Cook.

The annual pilgrimage to Omaha is the most fanatical followers of Buffett, the chairman and CEO of Berkshire Hathaway, America’s 7th largest company, which owns companies including Geico, Dairy Queen, BNSF Railway and NetJets, and large stakes in Apple, American Express, Coca-Cola, Kraft Heinz and Chevron.

The cost of admission is as low as $396, a single Berkshire Hathaway class B share, but the wisdom dispensed by the man with a net worth of $132 billion is, say attendees, priceless.

Christopher Bloomstran has attended every year since 2000 except once, when his daughter was born two weeks before the meeting and calls it the highlight of each year.

“Ive met some of my best friends in the investment arena at the Berkshire,” said Bloomstran, who is chief investment officer of Semper Augustus Investments Group  in St. Louis, Missouri.

I go Wednesday and often stay until Monday.”

Adam Mead, who runs Mead Capital Management and has been going for 10 years said: I dont go to church but it’s like church: You know what the message will be, it’s the same stories, and you hear current events through the lens of timeless wisdom.

Bill Gates is out there as is Jamie Dimon he shook my hand and took a pic. One time Warren shook my hand. That was a memorable moment.”

The weekend begins Friday when Omahas Conference Center opens for conference-goers to pick up credentials for the festivities which include the meeting, a picnic and a 5K. (Buffett does not take part.)

But the event’s core is Saturday when Buffett and other Berkshire leaders address the crowd, many of whom arrive at 3am.

Chris Fried, an attorney from Pennsylvania, who will be attending for the 10th time always stays in walking distance of the conference center so he is in line by 3AM and prepared for the mad dash for the best seats once the doors open and shareholders flood in.

“By 4am – I would say the line is about 100 feet deep,” he said. By 7 am – it is down several blocks.

Fried said he stumbled on Berkshire when he first read Warren’s annual letter to shareholders 20 years ago.

“It read like beautiful poetry to me and I purchased my first B shares within the week. I haven’t looked back.

In the line he has met Buffett fans from as far afield as Australia, as well as Japan, China, Germany and the UK, many of whom have become friends.

“You never know who you’ll bump into,” Friend adds. “One year I sat next to two NFL players.”

Mead said: Ive made some of my really good friends out there just standing in line. Im staying in an Airbnb with some of them this year.

By 8:45AM attendees are ready for Buffetts annual film which opens the event and which is never seen outside the hall.

Only two still images have ever leaked. One, in 2015, was a pastiche of “Breaking Bad,” with Buffett appearing with Bryan Cranston, its star, to cook, not meth, but See’s Candy, one of the brands which has made Buffett rich. Another, in 2002, was Buffett playing the ukelele.

He has done skits with Arnold Schwarzenegger, Bryan Cranston, Manny Pacquiao, and Jamie Lee Curtis,” Mac Sykes, portfolio manager of the Gabelli Equity Trust, who has been attending for 15 years said. “They’re worth arriving early for.”

This year will be different in part because Charlie Munger, Berkshire’s vice chair and Buffett’s on-stage sidekick until he died at 99 last November, won’t be there for the first time.

Elie-Chakib Abou-Chacra, a portfolio manager from Canada who is attending for the second time, said the annual meeting is the equivalent of being a Beatles fan seeing McCartney perform onstage. 

I get to see my hero on stage if youre a fan of McCartney or an old rock guy you never know when it will be his last tour but you know you want to see them onstage before they go.

Off stage, the conference center features specialized merch from companies owned by Berkshire, including Squishmallow who sell a Warren Buffett version of their plush toy Brooks Sports, Fruit of the Loom, and Dairy Queen.

Buffett tours by golf cart, with people taking selfies as he passes. They also take photos with cutouts of him dotted around the floor.

Last year See’s Candies sold Buffett’s fans 11 tons of confectionery which included “Warren’s Favorite Chocolate Walnut Fudge.”

Stephen Tedder, an ophthalmologist from Atlanta, told The Post that he fell in love with Buffett’s wisdom after he stumbled on a Berkshire report during the 2008 financial crisis.

“You could see the authentic Midwest moral fiber of Warren and Charlie [Munger], their clarity of thought, written word and plain speak,” he told The Post.

This will be his third meeting, having started coming in 2022, because he made a growing number of good friends.

Women make up just 20% of attendees, sources told The Post.

April Samuelson, a tech worker from Chicago, has attended twice and each time had to explain why she was there solo.

The weird thing about attending as a woman is other investors tended to assume that I was a wife or girlfriend,” Samuelson said.

“I had to clarify that I had stock of my own. When asked why, I just went with I like money.’

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Fourteen children arrested on suspicion of manslaughter over Gateshead fire released on bail

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Fourteen children arrested on suspicion of manslaughter over Gateshead fire released on bail

All 14 children arrested on suspicion of manslaughter after a boy died in a fire have been released on police bail, officers said.

Layton Carr, 14, was found dead near the site of a fire at Fairfield industrial park in the Bill Quay area of Gateshead on Friday.

Northumbria Police said on Saturday that they had arrested 11 boys and three girls in connection with the incident.

In an update on Sunday, a Northumbria Police spokesman said: “All those arrested have since been released on police bail pending further inquiries.”

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Teenager dies in industrial estate fire

Firefighters raced to the industrial site shortly after 8pm on Friday, putting out the blaze a short time later.

Police then issued an appeal for Carr, who was believed to be in the area at that time.

In a statement on Saturday, the force said that “sadly, following searches, a body believed to be that of 14-year-old Layton Carr was located deceased inside the building”.

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David Thompson, headteacher of Hebburn Comprehensive School, where Layton was a pupil, said the school community was “heartbroken”.

Mr Thompson described him as a “valued and much-loved member of Year 9” and said he would be “greatly missed by everyone”.

He added that the school’s “sincere condolences” were with Layton’s family and that the community would “rally together to support one another through this tragedy”.

A fundraising page on GoFundMe has been set up to help Layton’s mother pay for funeral costs.

Pic: Gofundme
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Pic: Gofundme

Organiser Stephanie Simpson said: “The last thing Georgia needs to stress trying to pay for a funeral for her Boy Any donations will help thank you.”

One tribute in a Facebook post read: “Can’t believe I’m writing this my nephew RIP Layton 💔 forever 14 you’ll be a massive miss, thinking of my sister and 2 beautiful nieces right now.”

Detective Chief Inspector Louise Jenkins, of Northumbria Police, also said: “This is an extremely tragic incident where a boy has sadly lost his life.”

She added that the force’s “thoughts are with Layton’s family as they begin to attempt to process the loss of their loved one”.

They are working to establish “the full circumstances surrounding the incident” and officers will be in the area to “offer reassurance to the public”, she added.

A cordon remains in place at the site while police carry out enquiries.

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Football bodies could be forced to pay towards brain injury care costs of ex-players

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Football bodies could be forced to pay towards brain injury care costs of ex-players

Football bodies could be forced to pay towards the care costs of ex-players who have been diagnosed with brain conditions, under proposals set to be considered by MPs.

Campaigners are drafting amendments to the Football Governance Bill, which would treat conditions caused by heading balls as an “industrial injuries issue”.

The proposals seek to require the football industry to provide the necessary financial support.

Campaigners say existing support is not fit for purpose, including the Brain Health Fund which was set up with an initial £1m by the Professional Footballers’ Association (PFA), supported by the Premier League.

But the Premier League said the fund has supported 121 families with at-home adaptations and care home fees.

From England‘s 1966 World Cup-winning team, both Jack and Bobby Charlton died with dementia, as did Martin Peters, Ray Wilson and Nobby Stiles.

Neil Ruddock speaks to Sky's Rob Harris outside parliament
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Neil Ruddock speaks to Sky’s Rob Harris outside parliament

Ex-players, including former Liverpool defender Neil Ruddock, went to parliament last week to lobby MPs.

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Ruddock told Sky News he had joined campaigners “for the families who’ve gone through hell”.

“A professional footballer, greatest job in the world, but no one knew the dangers, and that’s scary,” he said.

“Every time someone heads a ball it’s got to be dangerous to you. You know, I used to head 100 balls a day in training. I didn’t realise that might affect my future.”

A study co-funded by the PFA and the Football Association (FA) in 2019 found footballers were three and a half times more likely to die of a neurodegenerative disease than members of the public of the same age.

‘In denial’

Among those calling on football authorities to contribute towards the care costs of ex-players who have gone on to develop conditions such as Alzheimer’s and dementia is Labour MP Chris Evans.

Mr Evans, who represents Caerphilly in South Wales, hopes to amend the Bill to establish a care and financial support scheme for ex-footballers and told a recent event in parliament that affected ex-players “deserve to be compensated”.

Greater Manchester Mayor Andy Burnham, who helped to draft the amendment, said the game was “in denial about the whole thing”.

Mr Burnham called for it to be seen as “an industrial injuries issue in the same way with mining”.

In January, David Beckham lent his support to calls for greater support for footballers affected by dementia.

One of the amendments says that “the industry rather than the public should bear the financial burden”.

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A spokesperson for the FA said it was taking a “leading role in reviewing and improving the safety of our game” and that it had “already taken many proactive steps to review and address potential risk factors”.

An English Football League spokesperson said it was “working closely with other football bodies” to ensure both professional and grassroots football are “as safe as it can be”.

The PFA and Premier League declined to comment.

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Terror arrests came in context of raised warnings about Iran, with ongoing chaos in its own backyard

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Terror arrests came in context of raised warnings about Iran, with ongoing chaos in its own backyard

These are two separate and unrelated investigations by counter-terror officers.

But the common thread is nationality – seven out of the eight people arrested are Iranian.

And that comes in the context of increased warnings from government and the security services about Iranian activity on British soil.

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Counter terror officers raid property

Last year, the director general of MI5, Ken McCallum, said his organisation and police had responded to 20 Iran-backed plots presenting potentially lethal threats to British citizens and UK residents since January 2022.

He linked that increase to the ongoing situation in Iran’s own backyard.

“As events unfold in the Middle East, we will give our fullest attention to the risk of an increase in – or a broadening of – Iranian state aggression in the UK,” he said.

The implication is that even as Iran grapples with a rapidly changing situation in its own region, having seen its proxies, Hezbollah in Lebanon and Hamas in Gaza, decimated and itself coming under Israeli attack, it may seek avenues further abroad.

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The government reiterated this warning only a few weeks ago, with security minister Dan Jarvis addressing parliament.

“The threat from Iran sits in a wider context of the growing, diversifying and evolving threat that the UK faces from malign activity by a number of states,” Jarvis said.

“The threat from states has become increasingly interconnected in nature, blurring the lines between: domestic and international; online and offline; and states and their proxies.

“Turning specifically to Iran, the regime has become increasingly emboldened, asserting itself more aggressively to advance their objectives and undermine ours.”

Read more:
Anybody working for Iran in UK must register or face jail, government announces

As part of that address, Jarvis highlighted the National Security Act 2023, which “criminalises assisting a foreign intelligence service”, among other things.

So it was notable that this was the act used in one of this weekend’s investigations.

The suspects were detained under section 27 of the same act, which allows police to arrest those suspected of being “involved in foreign power threat activity”.

Those powers are apparently being put to use.

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