By Paul B. Farrell, MarketWatch
America needs a new war? For the economy to survive? Job market to revive? Capitalism thrive? Maybe. Here’s why:
Forbes reported that GDP data “fell for the first time in three and a half years in the fourth quarter … declining by an annualized 0.1%” while “economists had expected GDP to increase 1%. A dramatic 15% drop in government spending dragged on economic activity. Defense [...]
by Brianna Panzica, Wealth Wire:
U.S. banks were hit hard in the recession with the burst of the housing bubble and the foreclosure crisis. They’ve struggled with customer criticism and even bank failures, and their balance sheets were lagging.
But a clearing of the recession fog and an uptick in housing prices have allowed them to begin to recover.
Yet not all have. Bank of America’s $5 debit card fee proposed last year caused [...]
The Forbes Billionaires List has long been the hallmark of who’s who in the world’s elite.
But Bloomberg is hedging in on the market with the creation of the Bloomberg Billionaires Index, which is basically a real-time version of the Forbes list.
Forbes is firing back to the new competition with the release of its annual list.
While the upper echelon remains the same on both lists, major differences start to emerge as the list go on.
Read more: http://www.businessi…1#ixzz1oTjmHjz2
Melinda Gates sits, calm and engaged, making direct eye contact – not the piercing variety favored by most executives in the technology world she hails from, but an interested, almost intimate, kind. In her sixth-floor office at the Bill & Melinda Gates Foundation, Gates describes a work life fighting poverty in the developing world, balanced with a home life as a down-to-earth billionaire in Seattle. She wears a distinctive mustard-yellow jacket [...]
(Reuters) – Investor George Soros, at 81, has for the first time made the list of the 10 wealthiest Americans, Forbes Magazine reported on Wednesday in the 2011 edition of its annual rich list.
Less surprising, Bill Gates again topped the list with a net worth of $59 billion, up $5 billion. The Microsoft founder has been the wealthiest American every year since 1994.
Everyone in [...]
Microsoft founder Bill Gates Photo: Reuters
The “Richest People in America” list saw Berkshire Hathaway boss Warren Buffet ($39bn) placed second and Oracle chief Larry Ellison a close third ($33bn).
Despite his reputation as a canny investor, Mr Buffett was the only one person in the top 20 to suffer a loss, see his fortune fall $6bn on last year.
The combined wealth of all [...]