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DEVELOPING: SAFE HAVEN, BUFFETT BOOK, NEBRASKA-GANZ
ADDS: SAFE HAVEN, BUFFETT BOOK, MONEY-MARKET FUNDS, GEN RE-AIG TRIAL, NEBRASKA-GANZ
SAFE HAVEN
OMAHA—Eleven children ranging in age from 1 to 17 were left at hospitals Wednesday under Nebraska’s unique safe haven law, which allows caregivers to abandon not only infants but also teenagers without fear of prosecution. Nine of the children came from one family. The five boys and four girls were left by their father, who was not identified, at Creighton University Medical Center’s emergency room. Unrelated boys ages 11 and 15 also were surrendered Wednesday at Immanuel Medical Center in Omaha. By Timberly Ross.
AP Photos AH101-102.
BUFFETT BOOK
OMAHA—The author of a new book about billionaire Warren Buffett said she examined his vulnerable moments and greatest business deals because she wanted to paint a complete picture of the legendary investor. Alice Schroeder spoke with The Associated Press Thursday in her first interview before the Sept. 29 release of her book, “The Snowball: Warren Buffett and the Business of Life.” The AP obtained an audio version of the book last Friday, and described how it examines Buffett’s personal life more closely than previous books. By Business Writer Josh Funk.
FARM CREDIT
WICHITA, Kan.—The economic turmoil on Wall Street has not reached the dusty country roads in the nation’s Heartland, where a rural economic boom has meant farmers are not having much trouble getting loans to plant crops, buy land and replace equipment. “The fundamentals of agriculture right now, in terms of income and opportunities, is good. There are profits to be made, so I think that is underpinning the willingness to lend to that sector,” said Jason Henderson, a branch executive with the Federal Reserve Bank of Kansas City. By Roxana Hegeman.
BUSINESS:
MONEY-MARKET FUNDS
BOSTON—Two brokerage firms told their customers Wednesday that they will cover up to $83 million of losses in a fallen money market fund, while clients of a Putnam Investments fund that suddenly closed last week were told their assets will be moved to another firm. The moves came a week after the Reserve Primary Fund’s underlying assets fell below $1 for each investor dollar put in. The extremely rare instance of a fund “breaking the buck” exposed investors to losses of pennies on the dollar, triggering fears that prompted the government on Friday to take emergency steps to prop up the more than $3 trillion money-market mutual fund industry. By Business Writer Mark Jewell.
GEN RE-AIG TRIAL
HARTFORD, Conn.—Five insurance executives convicted of a scheme to manipulate the financial statements of the world’s largest insurance company were back in court as a judge tries to put a price-tag on their crimes. Prosecutors argued Thursday that many investors lost money as a result of the scandal, and that loss should be considered when the judge passes sentence on the men. They cite studies by its expert concluding the fraud-related losses to AIG shareholders totaled $543 million to $1.4 billion.
SPORTS:
NEBRASKA-GANZ
LINCOLN—If the conversation about the Big 12’s impressive group of quarterbacks eventually expands to include Joe Ganz, it won’t be because he went out of his way to showcase himself. The fifth-year senior says any recognition he gets will be a product of the Cornhuskers’ success. By Sports Writer Eric Olson.
ALSO GETTING ATTENTION:
— SCHOOL WEAPONS—Three Lincoln East High School students have been ticketed on suspicion of carrying concealed weapons in two separate incidents at the school.
— TEEN IMPALED—A teenager is recovering after falling and impaling himself on a set of deer antlers in Carter Lake, Iowa.
— DRIVE-THROUGH HOMICIDE—The fate of a 20-year-old Omaha man accused in a racially-motivated murder is now in the hands of a jury.
The AP, Omaha.
