Reported by Star-Bulletin staff & wire
Wednesday, February 4, 1998
Marn chosen to lead Honolulu Realtors
Linda M. Marn, principal broker of Central Pacific Realty Inc. is the new chairwoman for the Honolulu Board of Realtors.She is joined on the 1998 board by Jeffrey M.C. Lum, of Lum Yip Kee Ltd., as chairman-elect.; John R. Connelley, of Aloha International Properties Inc., vice chairman; Anne I. Keamo, of Properties Unlimited, treasurer; and C. Scott Bradley, of Coldwell Banker Pacific Properties, immediate past chairman. The Honolulu Board of Realtors includes about 4,000 members.
Buffett's firm buys huge amount of silver
OMAHA, Neb. -- Speculation has been swirling over who has been bidding up the price of silver to the highest levels in nearly a decade. Now, one mystery buyer has emerged: investor Warren Buffett.The nearly 130 million ounces of silver bought since July by Buffett's Omaha-based investment company, Berkshire Hathaway Inc., is more than the total kept in warehouses by the New York Mercantile Exchange. It is worth about $850 million at today's prices. But in the surprise announcement made after markets closed yesterday, the company sought to assuage any concerns that Buffett might stray from his steadfast buy-and-hold policy. The company said that the silver position accounts for less than 2 percent of its portfolio.
In other news . . .
NEW YORK -- Retaining the rights to broadcast "Monday Night Football" cost so much that the ABC has asked its affiliates to cough up cash or commercials to help pay for the $550 million annual price tag, the New York Times reported today. A memo to the 211 affiliates from the Walt Disney Co.-owned network was seeking up to $50 million a year in contributions, the Times said.