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Every year billionaire Warren Buffet auctions himself off as a lunch date to raise money for a San Francisco charity. Fortune magazine reports Ted Weschler has paid about $5 million for the last two lunches. It turns out Buffett liked what he saw in Weschler, and hired him as a top manager for his Berkshire Hathaway portfolio.

Forbes magazine is out with its yearly list of the 400 richest Americans. Their combined net worth increased 13 percent since last year. The top of the list contains the usual suspects: Bill Gates, Warren Buffett, Larry Ellison, the Koch brothers and the children of Wal-Mart founder Sam Walton.

"It would not make sense" for the federal government to make prosecuting recreational users in states that have decriminalized marijuana a top priority, the president tells ABC News.

Authorities say the man was ordered by top Zeta leaders to direct the beheading and mutilation of 49. The drug gang has vehemently denied involvement.

The opening ceremony of the London 2012 Summer Olympics are just over a month away — leading NPR and other media to cover the intense preparations for the games. That also means the Paralympic Games are up next, as athletes with disabilities round into top form for the Aug. 29 opening day.

Murdoch's original testimony to Parliament has been challenged by two of his top executives. Parliament has also recalled Les Hinton, the former head of Dow Jones & Co.

Christopher O'Riley, host of NPR's From the Top, considers Elliott Smith to be one America's greatest songwriters. Smith died in 2003 before ever achieving massive fame. O'Riley's latest release, Home to Oblivion, is a classical translation of Smith's work.

For America's daily papers, the news hasn't been good: For nearly two decades, newspapers have been losing paid subscribers. And a new report illustrates that circulation is now dropping more quickly than ever.

The investigation, prompted by the discovery of top-secret papers found at Mar-a-Lago, is at an early stage, a source told NPR.

President Bush's top getaway, his ranch in Crawford, Texas, is also the place where Laura Bush seems to find the most solace. NPR's Ketzel Levine gets a rare tour of the ranch with the first lady, who discusses her efforts to restore native grasses and plants to the 1,600-acre property. See photos of wildflowers at the Bush ranch.