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Keyword: billionaires

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  • Kamprad pledges Ikea 'transparency'

    05/18/2011 10:21:38 AM PDT · by WesternCulture · 14 replies
    www.thelocal.se ^ | 05/18/2011 | AFP/The Local
    Ingvar Kamprad, the founder of Swedish furnishings giant IKEA, has promised more transparency over the firm's business affairs, saying that it has nothing to hide after a slew of allegations in recent years. "We have nothing to hide. There is no pretension to hide anything. We are going to go through everything and show that we follow each country's laws and regulations," Ingvar Kamprad, the 85-year-old billionaire who founded IKEA in 1943, told the Expressen daily. "We will make ourselves more transparent," he said. Kamprad's comments came a few months after a documentary aired on Swedish public television, SVT, alleged...
  • Billionaires Unleashed (Another fool attacks the Koch brothers)

    04/12/2011 11:12:15 AM PDT · by Minn · 14 replies
    NY Times Blogs ^ | 4/7/2011 | TIMOTHY EGAN
    SEATTLE — The loneliest man in this city may be the pear-shaped billionaire whose yacht occasionally glides across Lake Washington at dusk, heading for a big empty house filled with stuff to keep him distracted. On the surface, Paul Allen lives an enviable life.......Then there are the Koch brothers, David and Charles, who’ve given to cancer research and the arts, yes, but also pour millions into efforts to keep average workers from getting a fair shake, and against laws that protect clean water and air. They plan to spend millions more in next year’s election to support policies that ensure...
  • Thomas Sowell: Another Spending-Cut Plan. Cut Subsidies to Billionaires!

    04/12/2011 6:27:10 AM PDT · by SeekAndFind · 43 replies
    National Review ^ | 04/12/2011 | Thomas Sowell
    Since everybody seems to be coming up with plans on how to cope with the skyrocketing national debt, let me try my hand at it too. The liberals’ easy solution is just to increase taxes on “the rich.” But, if you do the math, there aren’t enough of “the rich” to cover the huge and record-breaking deficit. Trying to reduce the deficit by cutting spending runs into an old familiar counterattack. There will be all kinds of claims by politicians and sad stories in the media about how these cuts will cause the poor to go hungry, the sick to...
  • Combined Wealth of America’s Billionaires: Less Than Our Federal Deficit

    04/06/2011 11:48:02 AM PDT · by NoLibZone · 14 replies · 1+ views
    amerpundit ^ | March 10 2011 | by Stephan Tawney
    You could take every single dollar of wealth away from every single American billionaire — and you still wouldn’t pay down the federal deficit for 2011. It’s remarkable but yes, the combined wealth of America’s billionaires ($1.5 trillion) wouldn’t pay down the federal deficit ($1.65 trillion). In fact: The combined wealth of all of the wealthiest people in the world ($4.5 trillion) would only fund the deficit — not the entire budget but just the deficit — for less than three years. And that’s only if the deficit stays at its current level. And that’s only if you seize literally...
  • Wis. billionaire charged with child sex assault

    03/25/2011 7:41:59 AM PDT · by Red Badger · 47 replies
    AP via TBO ^ | Mar 24, 7:52 PM EDT | By DINESH RAMDE
    RACINE, Wis. (AP) -- A billionaire executive whose family has run SC Johnson for five generations was charged Thursday with having sexual contact with a now 15-year-old girl over the course of several years. Samuel Curtis Johnson III, who goes by Curt, faces a count of repeated sexual assault of a child. The charge carries a maximum penalty of 40 years in prison and a $100,000 fine. Johnson, 55, is the former chairman of Sturtevant-based Diversey Inc., a cleaning-products company that was spun off from SC Johnson in the late 1990s. Privately held SC Johnson makes household products including Pledge,...
  • Ingvar Kamprad — king of IKEA

    03/23/2011 7:00:23 PM PDT · by WesternCulture · 29 replies
    www.thelocal.se ^ | 02/18/2011 | Jonas Fredén
    No one really knows how to measure such wealth as billionaires as the likes of Kamprad and Gates dispose of. Kamprad's ranked as number 11 by Forbes on their 2011 listing of the World's wealthiest persons, but after recent news of his hidden possessions in the tax haven of Lichtenstein, some experts rank Ingvar Kamprad as number one. In any case, I, being Swedish myself find it interesting that two of the 15 richest men on Earth are Swedish (although I'm not one of them myself) and that small Scandinavia has more of companies listed on the Forbes Global 2000...
  • Moscow is now the billionaire capital of the world

    03/09/2011 4:46:55 PM PST · by americanophile · 24 replies
    Reuters ^ | March 9, 2011 | Reuters
    Russian oligarchs are back with a bang, making Moscow the billionaire capital of the world. Profiting from a boom in commodities, the number of billionaires in Russia, most of whom built their empires during the country's anarchic 1990s, grew to 101 from 62 last year, Forbes said in its annual list of the world's richest people. Moscow is home to 79 of Russia's billionaires, more than any other city in the world. Russia accounts for a third of Europe's 300 billionaires, and 15 of the world's 100 richest people, more than all the other so-called BRIC countries combined (Brazil, Russia,...
  • Cancer Research Before Activism, Billionaire Conservative Donor Says (David Koch on ID theft)

    03/05/2011 6:40:41 PM PST · by Libloather · 7 replies
    NY Times ^ | 3/04/11 | MICHAEL COOPER
    Cancer Research Before Activism, Billionaire Conservative Donor SaysBy MICHAEL COOPER Published: March 4, 2011 CAMBRIDGE, Mass. — More than a thousand miles from the labor tumult in Wisconsin — where his name shows up on the signs of protesters and a liberal blogger impersonating him got through to the governor on the phone and said “gotta crush that union!” — the real David H. Koch was greeted rather more warmly here Friday when he officially opened a new cancer research institute bearing his name. **SNIP** “It’s a case of identity theft,” Mr. Koch said of the call in which the...
  • Ikea founder admits to secret foundation

    01/26/2011 4:00:34 PM PST · by WesternCulture · 25 replies
    www.thelocal.se ^ | 01/26/2011 | TT/The Local/vt
    Ikea founder Ingvar Kamprad, considered one of the wealthiest people in the world, controls the company through a secret foundation worth 100 billion kronor ($15.34 billion), according to a Sveriges Television (SVT) report. Despite the revelation, the company and Kamprad's image will probably not be affected, according to media advisors. Kamprad controls the enterprise through a holding company called Inter Ikea by way of a secret foundation in Liechtenstein. The foundation is currently worth about 100 billion kronor, according to the latest episode of SVT's Uppdrag granskning investigative news programme, set to air on Wednesday evening. Ikea is controlled through...
  • Liberal Billionaires Take On The Koch Brothers In California Energy Fight ( Prop 23 lost )

    11/04/2010 11:33:56 AM PDT · by Ernest_at_the_Beach · 29 replies
    Forbes ^ | Oct. 12 2010 - 2:40 pm | | Clare O'Connor
    Much has been written about the oil and gas billionaire Koch brothers and their multimillion-dollar donations to right-wing causes. Charles and David Koch’s combined $43 billion wealth has made them virtually unstoppable this election cycle; even prolific left-wing philanthropist George Soros recently said he was powerless against the “avalanche” of donations from conservative billionaires like the Kochs. However, in recent days a handful of liberal billionaires have decided to take on the Kochs in one of the most hotly contested battles this election season: Proposition 23, the California ballot that may well prove a bellwether for the future of energy...
  • All the News That Fits Soros' Agenda

    10/22/2010 3:22:40 AM PDT · by Scanian · 18 replies
    The American Thinker ^ | October 22, 2010 | Ed Lasky
    Are three liberal billionaires trying to control what we think of as news in America? Hedge fund billionaire George Soros, the sugar daddy of the Democratic Party, has given NPR an initial grant of $1.8 million dollars to begin a project called Impact of Government that will allow NPR to hire 100 journalists at NPR member stations in all 50 states. The focus will be covering state governments and how their actions affect people. The New York Times reports the response of Vivian Schiller, NPR's president and chief executive: Ms. Schiller said the journalists would not be part of typical...
  • Liberal Billionaires Good, Conservative Billionaires Evil

    09/01/2010 5:19:38 PM PDT · by Nachum · 6 replies
    american thinker ^ | 9/1/10 | Claude Sandroff
    Liberals love their billionaires, a very long and sometimes radical list that includes Barack Obama's special favorites Warren Buffet and George Soros. Warren Buffet provides economic advice to his goofy novice, and then has to watch our over-rated chief executive herald that a non-existent metric - the profit-to-earnings ratio - had reached levels that cried out to all those sitting on the sidelines to jump back into the stock market.
  • Thirty US billionaires pledge to give away half their fortunes to charity

    08/04/2010 8:43:01 AM PDT · by JoeProBono · 55 replies
    guardian ^ | 4 August 2010 | Andrew Clark
    The world of philanthropy got a huge financial boost today as more than 30 American billionaires pledged to give away at least half of their fortunes to charitable causes, signing up to a campaign launched by Warren Buffett and Bill Gates. In an unprecedented mass commitment, top figures including New York's mayor Michael Bloomberg, the hotel heir Barron Hilton, CNN media mogul Ted Turner, and the Star Wars director George Lucas lent their names to the "giving pledge", an initiative founded last month to encourage America's richest families to commit money to "society's most pressing problems". The pledge is not...
  • Obama ate alone at fund-raiser dinner

    07/30/2010 5:28:13 AM PDT · by COUNTrecount · 85 replies · 5+ views
    NY Post ^ | July 30, 2010
    The big spenders who shelled out $30,400 a head for dinner with President Obama at the Four Seasons restaurant and at Anna Wintour's house didn't actually break any bread with him. After starting Tuesday night at a dinner for 60 high-rolling Democratic supporters hosted by hedge-fund billionaire Marc Lasry, Obama headed to a private room at the Four Seasons to wolf down steak, potatoes and broccoli with two aides before heading to Wintour's Greenwich Village home. Obama arrived at the Four Seasons at 5 p.m. Spies said he gave a short speech and schmoozed with 60 attendees, including Lasry and...
  • Gates, Buffett Goad Peers to Give Billions to Charity

    06/16/2010 8:22:24 PM PDT · by chickadee · 17 replies · 466+ views
    Wall Street Journal ^ | June 17, 2010 | ROBERT A. GUTH And SHELLY BANJO
    Warren Buffett and Bill Gates called Wednesday on their billionaire peers to give away half of their wealth. The pronouncement by Messrs. Buffett and Gates stems from a series of dinners the two men held over the past year to discuss the effects of the recession on philanthropy with some of the nation's richest people, including New York Mayor Michael Bloomberg, investor Ronald O. Perelman and David Rockefeller, his family's patriarch. The result of the dinners is an invitation, called the Giving Pledge, which asks the nation's billionaires to publicly commit to give at least half of their wealth to...
  • Getting Personal. But Too Personal? (Face Book)

    06/07/2010 12:10:23 AM PDT · by paudio · 3 replies · 17+ views
    WSJ ^ | 6/7/10
    Mark Zuckerberg founded Facebook Inc., the popular social-networking service, as a Harvard University student in 2004. Since then, it has grown to nearly 500 million users world-wide, and the company has a private market valuation of $25 billion. Recently, Mr. Zuckerberg and Facebook have had a rocky ride over the company's privacy practices. He talked with Kara Swisher and Walt Mossberg about privacy, personalization and the "social graph."
  • Billionaire Jeff Greene Will Face a Slew of Attacks in Florida's Senate Race

    04/30/2010 2:57:54 PM PDT · by Zakeet · 28 replies · 1,020+ views
    The Atlantic ^ | April 30, 2010 | Chris Good
    Running for Senate as a billionaire has its pluses and minuses. Jeff Greene is about to experience both. Greene is the newest entrant into Florida's ever-evolving Senate race, having announced his bid hours before the Friday filing deadline--and hours after Gov. Charlie Crist left the Republican Party and re-entered the race as an independent. Greene will now challenge Rep. Kendrick Meek for the Democratic nomination, while Republican Marco Rubio looms as a tentative favorite. The new candidate is a billionaire, having made his money in real estate. Greene owns a yacht. He owns more than one plane. He got married...
  • Lesbian flings, prostitution & abuse lies: Oprah's 'hidden' life (Kelly Poison Pen Tell All)

    04/13/2010 1:11:21 PM PDT · by longtermmemmory · 76 replies · 3,473+ views
    Oprah Winfrey -- who built a billion-dollar empire persuading everyone from celebs to average Joes to reveal the truth about themselves -- is a big phony when it comes to her own past, an explosive new book charges. Winfrey's relationship with longtime "love" Stedman Graham, her reputed dirt-poor upbringing in rural Mississippi, her rumored lesbian crushes on women such as Diane Sawyer -- all are stories she has manipulated for decades in the name of sensational ratings, according to writer Kitty Kelley's latest unauthorized biography "Oprah." The much-anticipated book details how: * Winfrey concocted stories about sexual abuse she suffered...
  • Top hedge fund bosses earn a record $28bn (Soros gets $3.3 billion)

    04/03/2010 6:13:31 PM PDT · by Brugmansian · 21 replies · 780+ views
    Herald Sun ^ | April 4 2010 | unknown
    "The world may still be coming out of the Great Recession, but for the richest hedge fund managers, 2009 was the best year ever. And it couldn't have happened without the carnage of 2008," the magazine said. Appaloosa Management chief David Tepper, who bet on the recovery of banks and the debt of bailed-out US insurer AIG, earned the biggest payouts with $US4 billion ($4.36 billion) in 2009, a record for the sector. US financier George Soros, the head of Soros Fund Management, took the second spot with $US3.3 billion ($3.6 billion), followed by James Simmons of Renaissance Technologies with...
  • Michael Jordan Bails Out a Billionaire

    04/01/2010 9:15:34 AM PDT · by OldDeckHand · 31 replies · 1,435+ views
    The Daily Beast ^ | 04/01/10 | Peter Lauria
    The nation’s first African-American billionaire, Robert Johnson, is enduring a cash crush so severe, reports Peter Lauria, that he had to hock his NBA franchise to Michael Jordan for a song.. When the nation’s first African-American billionaire, Robert Johnson, bought the expansion Charlotte Bobcats NBA team in 2002, his highest-profile move was hiring the most famous athlete in the world, Michael Jordan, to run the team. In a twist thick with irony, the employee has now become the savior: Two weeks ago, Jordan bought the team for pennies on the dollar. The sale underscores Johnson’s dire financial situation. Four sources...
  • US Has the Most Billionaires by a Wide Margin

    03/19/2010 7:34:50 AM PDT · by jmcenanly · 2 replies · 175+ views
    Next Big Future ^ | March 18, 2010 | Brian Wang
    Japan used to have a lot of billionaires before the collapse of their real estate market. Japan has the second most millionaires.The Merrill Lynch - Capgemini World’s Wealth Report 2009 defines HNWIs as those who hold at least US$1 million in financial assets and Ultra-HNWIs as those who hold at least US$30 million in financial assets, with both excluding collectibles, consumables, consumer durables and primary residences. The number of ultra high net worth individuals worldwide is estimated at about 95,000.
  • News Corp. Units Head to Abu Dhabi

    03/09/2010 11:56:36 AM PST · by Ernest_at_the_Beach · 29 replies · 201+ views
    Wall Street Journal ^ | MARCH 8, 2010, 1:10 P.M. ET | CHIP CUMMINS
    ABU DHABI—News Corp.'s Fox International Channels said Monday it is basing the Middle East operations of its global online advertising network in Abu Dhabi and setting up an office here for its documentary-production arm. Fox International said it would also move some broadcasting operations related to its Mideast channels from Hong Kong and other locations to Abu Dhabi. The moves are the latest by a handful of large, international media outlets to establish footholds in Abu Dhabi, the capital of the United Arab Emirates. The city-state, in an effort to diversify away from oil, has set out to lure a...
  • Warren Buffett Give Obama 'High Marks,' Mocks Palin in CNBC Interview

    03/01/2010 11:38:11 AM PST · by Rufus2007 · 42 replies · 1,501+ views
    NewsBusters ^ | March 1, 2010 | Jeff Poor
    It's not a secret that billionaire investor and Berkshire Hathaway (NYSE:BRK.A) CEO Warren Buffett is a supporter of President Barack Obama - having endorsed and raised money for him. But has Buffett's approval of the president mirrored the declining marks he's getting from the rest of America? No, according to Buffett, Obama's earned "high marks." Buffett appeared on CNBC's March 1 "Squawk Box" and assessed Obama's presidency to date. "Well, I'm very glad I voted for him," Buffett said. "That has not changed. I think the problems he has run into are monumental, particularly in terms of the economy. I...
  • Mexican Billionaire Carlos Slim Now Among Biggest NY Times Shareholders (Dinosaur Media DeathWatch™)

    02/12/2010 2:10:58 PM PST · by abb · 33 replies · 764+ views
    Editor & Publisher ^ | February 12, 2010 | Jennifer Saba
    Mexican billionaire Carlos Slim Helu isn't just one of The New York Times Co.'s creditors anymore -- he's now one of their biggest stockholders, according to a Security and Exchange Commission filing Friday. Slim exercised warrants for 15.9 million in Class A shares for a strike price of $6.3572 through his companies Inmobiliaria and GFI, raising his stake in the Times Co. to 16.3% from 6.9% at the time he was approached to loan a substantial sum to the venerable publisher. Slim got the warrants in January 2009 when he lent the Times Co. $250 million. The company said that...
  • Super-wealthy investors move billions out of Greece

    02/11/2010 5:44:23 AM PST · by dynachrome · 16 replies · 845+ views
    The Guardian ^ | 2-7-10 | Helena Smith
    Investors withdraw up to €10bn from Greece as government prepares tax crackdown to cut down deficit staggering €8bn-€10bn (£7bn-£8.7bn) may have been taken out of Greece by private investors since it became engulfed by economic turmoil in November. Under pressure from the European Union and international markets to rein in the nation's €300bn debt, socialist prime minister, George Papandreou, announced last week that he would have to enforce tough deficit-cutting measures. But the coming austerity package is leading panicked wealthy Greeks to divert their savings out of the country.
  • What Will Happen to Media When All the Billionaires Bail? (Dinosaur Media DeathWatch™)

    02/08/2010 7:25:25 AM PST · by abb · 29 replies · 942+ views
    Advertising Age ^ | February 9, 2010 | Simon Dumenco
    If you're a certain sort of still-employed media person, you're probably wondering how much longer you can hold on to your job. But the larger question might be: Just how unreal -- illusory, delusional, unmoored from the realities of the marketplace -- has your job been all along? I've been thinking about this a lot lately in regard to the coming passing of the media billionaires. Nobody likes to admit this, but much of the best of contemporary journalism has been produced, and continues to get produced, simply because of the largess -- and the emotional needs -- of a...
  • Queen Meg of California

    01/31/2010 6:54:21 AM PST · by Kaslin · 22 replies · 879+ views
    Townhall.com ^ | January 31, 2010 | Paul Jacob
    Meg Whitman is running for the California governorship. Obviously, Whitman very much wants Californians to cast a vote for her this year. And then, apparently, she wants to stop Californians from casting a vote on much of anything else in the future. Repeatedly, the billionaire former CEO of eBay has attacked California's ballot initiative and referendum process. Last May, right after California voters clobbered a number of issues referred to the ballot by legislators, measures that would have raised taxes and played three card monte with parts of state spending, Whitman told an audience, "In many ways, the proposition process...
  • Bill Gates makes world's biggest ever single charitable donation

    01/29/2010 2:03:45 PM PST · by Niuhuru · 53 replies · 897+ views
    Daily Mail ^ | 29th January 2010 | Mail Foreign Service
    Bill Gates made the largest ever single charitable donation when he pledged $10billion (£6billion) to develop and distribute vaccines. The Microsoft founder hopes the money, to be spent over the next ten years through his foundation, will save the lives of more than eight million children in the world's poorest countries. 'We must make this the decade of vaccines,' he said. 'Vaccines already save and improve millions of lives. 'Innovation will make it possible to save more children than ever before.'
  • (Bad News) Saudi billionaire eyes new links with News Corp.

    (Not to our advantage to say the least--Alwaleed bin Talal is now the 2nd largest shaeholder at Fox...translated: no Obama eligibility coverage or else) "...met with Rupert Murdoch on Jan. 14 in a meeting that "touched upon future potential alliances with News Corp., " Saudi billionaire eyes new links with News Corp. By TAREK EL-TABLAWY, AP Business Writer – Sun Jan 17, 8:15 am ET CAIRO – The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances with the media giant, in the latest indication...
  • Saudi billionaire eyes new links with News Corp.

    01/17/2010 4:48:12 AM PST · by nuconvert · 16 replies · 931+ views
    CAIRO – The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances with the media giant, in the latest indication that his appetite for growth remains robust even as his company retrenches.
  • Is Abortion Allowed In Monaghan’s Ave Maria? (University Honors Tom Golisano)

    01/10/2010 11:55:18 AM PST · by GonzoII · 7 replies · 689+ views
    The Wanderer Press.com ^ | Top Stories for Thursday, January 14th, 2010 | MARIELENA MONTESINO de STUART
    Is Abortion Allowed In Monaghan’s Ave Maria? By MARIELENA MONTESINO de STUART“Now a lie is directly opposed to truth. Therefore dissimulation or hypocrisy is also” — St. Thomas Aquinas.Appearances Are DeceivingAppearances are deceiving — and such is the case in the Town of Ave Maria — a town named after the moment of conception of Our Lord and after the Blessed Virgin Mary.On November 5, 2009, during a press conference at Ave Maria University, the administration, various faculty members, and selected students proudly honored and gave a standing ovation to Tom Golisano, a billionaire with a long history of supporting...
  • New York City Mayor Bloomberg Sworn In for 3rd Term

    01/01/2010 2:56:31 PM PST · by GOP_Lady · 31 replies · 794+ views
    The Wall Street Journal ^ | 01-01-10 | The Wall Street Journal
    NEW YORK -- Mayor Michael Bloomberg sought to strike a humble tone Friday as he began his third term by promising "to listen and to lead" and to take a fresh look at the challenges facing the city. The 67-year-old billionaire acknowledged the unusual circumstances that landed him on the steps of City Hall to take the oath of office for another four years. A city term-limit law had barred officeholders from seeking a third, consecutive term, but he orchestrated a last-minute law change that let him run again in 2009. "This term is a special opportunity, one that comes...
  • UCD Study Shows Cost of Tiger Woods' Problems -- $12 billion

    12/28/2009 2:21:49 PM PST · by Steelfish · 24 replies · 943+ views
    Sacramento Bee ^ | December 28, 2009 | Bill Lindelof
    UCD Study Shows Cost of Tiger Woods' Problems -- $12 billion Bill Lindelof Dec. 28, 2009 Two University of California, Davis, professors have pinned the loss to shareholders from Tiger Woods' marital infidelity at up to $12 billion. The researchers said the new study speaks to the question of whether celebrity sponsorship has an impact on a firm's bottom line. "Our analysis makes clear that while having a celebrity of Tiger Woods' stature as an endorser has undeniable upside, the downside risk is substantial, too," said Victor Stango, professor of economics. Stango and fellow economics professor Christopher Knittel studied the...
  • Ivana Trump removed from plane by deputies

    12/28/2009 12:54:08 PM PST · by ConservativeStatement · 38 replies · 1,559+ views
    South Florida Sun Sentinel ^ | December 26, 2009 | Sofia Santana
    Ivana Trump, the first ex-wife of billionaire Donald Trump, was escorted by sheriff's deputies off a flight Saturday afternoon at Palm Beach International Airport after she screamed and cursed at children, authorities said. Trump, 60, of Palm Beach, was seated in first class and apparently became irate because children were running up and down the aisle and screaming, Palm Beach County sheriff's officials said.
  • The Richest Man In Vegas Speaks!

    12/17/2009 9:13:22 PM PST · by bruinbirdman · 4 replies · 622+ views
    Forbes ^ | 12/17/2009 | Matthew Miller
    Sheldon Adelson on his casino company's plans for Macau, Singapore--and, perhaps, Europe. In 2007 Sheldon Adelson was America's third richest man. Before the collapse of the markets last year, shares of his Las Vegas Sands casino company traded at more than $140 a share, maxing out his personal fortune at nearly $40 billion. These days he's worth a mere $9 billion, 26th on the most recent Forbes list of the 400 richest Americans. "The Forbes 400 is a report card for the wealthy, and seeing it this year hurt," he says. "I got a bad report card." Now he's vowing...
  • The Pathology of the Rich Socialist

    12/12/2009 10:56:38 PM PST · by neverdem · 39 replies · 2,132+ views
    American Thinker ^ | December 13, 2009 | Selwyn Duke
    People such as George Soros and Michael Moore certainly talk a good game, but the next Mother Teresa they are not. Mother Teresa never criticized the free-market system; wealth just wasn't for her. Soros and Moore are quite the opposite. They will never take a vow of poverty and dedicate themselves to helping the poor. They just want our civilization to take a vow of poverty and become poor. This has caused many to wonder: How can someone preach socialism while being the most rapacious "capitalist" imaginable? Well, I have a theory about this. It has often been observed that...
  • Warrent Buffet the $40+ billionaire get taxpayers bailout

    11/07/2009 10:55:50 PM PST · by 4rcane · 9 replies · 706+ views
    I had lunch last week with Rolfe Winkler, who is an up and comer in the blog world, a thinking man’s Felix Salmon. He is similarly annoyed with St. Warren — but rather than engage in my sophmoric venom spew, he went to the spreadsheet to discover that Buffet owns major stakes in 8 companies that have received more than $100 billion in government bailouts. Capitalist? Hardly. Sounds more like just another crony to me. Rolfe also posts this fabulous chart:
  • How Warren Buffet pays no taxes (virtually no taxes)

    11/01/2009 4:57:59 PM PST · by dennisw · 29 replies · 1,738+ views
    11/14/08 | Arthur Laffer
    Arthur Laffer said-- "You can't raise taxes on the rich. These people know how to get around taxes," says Laffer. "Warren Buffett pays no taxes because all of his wealth is in unrealized capital gains. There's no tax on unrealized capital gains, so how do you get it? You have to tax poor people." LINK Warren Buffet sure talks about taxes a lot for someone who essentially doesn't pay any since the vast bulk of his wealth consists of unrealized capital gains. Appreciation of Berkshire Hathaway stock that he just sits on and never sells anyWarren Buffet lives modestly...
  • Bill Gates vs. the Famine Lobby (The Left demonizes "Frankenfoods" while Africa starves)

    10/30/2009 5:38:44 PM PDT · by FrontPageMag.com · 32 replies · 1,312+ views
    FrontPageMag.com ^ | October 30, 2009 | Ben Johnson
    Bill Gates took on the Famine Lobby while addressing a forum on the world food supply in Iowa. Speaking at the World Food Prize Symposium in Des Moines, Gates took aim at the chorus of environmental leftists and organic food advocates who believe Africans should starve rather than eat genetically modified (GM) foods. “Some voices are instantly hostile to any emphasis on productivity. They act as if there is no emergency, even though in the poorest, hungriest places on earth, population is growing faster than productivity,” he said.The opposition is significant, because Gates is left-of-center himself. The Bill and Melinda...
  • Madoff Billionaire Found Dead in Palm Beach Swimming Pool

    10/25/2009 6:00:55 PM PDT · by Chet 99 · 22 replies · 2,226+ views
    Oct. 25, 2009— The man who made $7 billion in the Bernie Madoff Ponzi scheme, Jeffry Picower, was found dead in his Palm Beach, Fla., swimming pool Sunday. The Palm Beach Fire Department told ABC News that Picower had no pulse when fire rescue workers arrived at his oceanfront mansion after his wife called 911. She and his housekeeper pulled his body from the pool shortly after noon. No one benefited more from the Madoff scheme that Picower, according to bankruptcy lawyers who sued him and alleged he had taken out $7 billion more than he had put in. Click...
  • 32-carat diamond sells for $7.7M at NYC auction

    10/22/2009 2:21:06 AM PDT · by Daffynition · 32 replies · 1,143+ views
    YahooNews ^ | Oct 21 2009 | ULA ILNYTZKY
    NEW YORK – A square, 32.01-carat emerald-cut diamond that billionaire philanthropist Leonore Annenberg bought for her 90th birthday sold for $7.7 million at auction on Wednesday. About the size of a walnut, the flawless, colorless diamond sits on a ring designed by Manhattan jeweler David Webb. It is flanked by two pear-shaped diamonds, one of them 1.61 carats and the other 1.51 carats. The ring was offered for sale by Annenberg's estate. Christie's auction house did not identify the buyer, who bid by phone. Annenberg died in March at the age of 91. She served as U.S. chief of protocol...
  • Rajaratnam Surfaced in U.S. Terrorism Probe [Funded DNC, 0, and Hillary!]

    10/17/2009 8:11:30 PM PDT · by Steelfish · 16 replies · 1,516+ views
    Wall St. Journal ^ | October 17th 2009
    OCTOBER 17, 2009 Rajaratnam Surfaced in U.S. Terrorism Probe By EVAN PEREZ and MATTHEW ROSENBERG WASHINGTON—The hedge-fund billionaire charged as part of a vast insider-trading case surfaced in an earlier, separate probe into U.S. fundraising by a Sri Lankan terrorist group, people familiar with the probe said. As part of that investigation, federal agents said they uncovered documents showing that Raj Rajaratnam, founder of the Galleon Group, was among several wealthy Sri Lankans in the U.S. whose donations to a Maryland-based charity made their way to the Liberation Tigers of Tamil Eelam, according to people familiar with the probe. Raj...
  • THE FACTS ABOUT LIBERAL BILLIONAIRE GEORGE SOROS

    10/17/2009 3:51:56 PM PDT · by kellynla · 40 replies · 2,557+ views
    Date of Birth: August 12, 1930 Born: Budapest, Hungary Occupation: Hedge Fund Manager & Currency Trader George Soros, a key funder of the liberal extremist group MoveOn.org, recently told an Australian news organization that the current global economic mess has been “stimulating.” (Daily Mail 3/25/2009). While Americans try to make ends meet and struggle to pick up the pieces after financiers like Soros gamed the system, we thought you should know the truth about George Soros… FACT 1: Billionaire Financier George Soros Gave $2,500,000 To MoveOn.Org Voter Fund.1 FACT 2: Soros Called American Troops In Iraq “Perpetrators” And “Oppressors.”2 FACT...
  • Billionaire Hedge Fund Founder Arrested for Insider Trading

    10/16/2009 3:38:24 PM PDT · by nickcarraway · 20 replies · 1,352+ views
    NBC New York ^ | Fri, Oct 16, 2009 | JONATHAN DIENST and ALICE MCQUILLAN
    Raj Rajaratnam was ranked by Forbes magazine last year among the 400 richest AmericansThe billionaire founder of the Galleon Group hedge fund and five others were arrested in a $20 million insider trading scandal, federal authorities said Friday. Raj Rajaratnam, 52, ranked by Forbes magazine last year among the 400 richest Americans, was charged with conspiracy and securities fraud along with current and former executives from Bear Stearns, IBM, Intel Capital and McKinsey & Co., according to federal prosecutors. Rajaratnam, was ranked No. 559 by Forbes magazine this year among the world's wealthiest billionaires, with a $1.3 billion net worth....
  • Billionaire among 6 nabbed in inside trading case

    10/16/2009 1:48:38 PM PDT · by BAW · 34 replies · 1,898+ views
    New York Times ^ | 10-16-2009
    One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that prosecutors say generated more than $25 million in illegal profits and should be a wake-up call for Wall Street. Raj Rajaratnam, a partner in Galleon Management and a portfolio manager for Galleon Group, a hedge fund with up to $7 billion in assets under management, was accused of conspiring with others to trade based on insider information about several publicly traded companies, including Google Inc. U.S. Attorney Preet Bharara told a news conference it was the...
  • Virginia Gov 2009: Key Democrat speaks to McDonnell faithful (BET co-founder Sheila Johnson)

    10/14/2009 4:42:11 PM PDT · by HokieMom · 13 replies · 459+ views
    The Washington Times ^ | Wednesday, October 14, 2009 | Sarah Abruzzese
    Virginia Republican gubernatorial candidate Robert F. McDonnell's most prized supporter was by his side Tuesday for an appearance before a women's group in Northern Virginia. Billionaire BET Networks co-founder Sheila Johnson attended a Women for McDonnell event in Tysons Corner, delivering a scripted speech to a crowd of about 100 and a handful of reporters. The longtime Democrat who campaigned for President Obama and Gov. Tim Kaine crossed the aisle earlier this year to support Mr. McDonnell. "Bob's message resonated with me from the moment I met with him," Ms. Johnson said. "For me, it isn't about party. It's about...
  • GADHAFI CHILDREN $200,000 EACH FROM YOUR MONEY - Hussein gave $400,000 from taxpayer money

    10/04/2009 12:43:10 AM PDT · by American Dream 246 · 19 replies · 1,027+ views
    Anti-Mullah ^ | 10/04/09 | Anti-Mullah
    GADHAFI CHILDREN $200,000 EACH FROM YOUR MONEY Alan Note: Any wonder why oil BILLIONAIRE Libyan Leader praised Oba-Hussein to the skies and wished him to be in office for the rest of his life? Well, Moslem-Marxist Oba-Hussein gave $400,000 from taxpayer money to his two children! Reason enough? The Libyan Daddy could spend this in a blink of an eye and not notice but in our terrible economy, when money for Americans is in short supply, when support for the freedom demonstrators in Iran could be promoted with this kind of money, OBAMA gives it to the children of an...
  • Forbes 400 Richest Americans- Almost all of America's wealthiest citizens are poorer this year.

    10/01/2009 1:56:44 AM PDT · by dennisw · 13 replies · 1,224+ views
    yahoo ^ | Wednesday, September 30, 2009 | Forbes
    America's super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400 — our annual tally of the nation's richest people — has declined, falling $300 billion in the past 12 months from $1.57 trillion to $1.27 trillion. Faltering capital markets and real estate prices, along with divorce and fraud, pushed the fortunes of 314 members down and drove 32 plutocrats off the rankings. Hurt the most: Warren Buffett, America's second-richest citizen. The Oracle of Omaha dropped $10 billion from his personal balance sheet as shares of Berkshire Hathaway fell 20%...
  • America's Richest Lose $300 Billion In A Year

    09/30/2009 7:48:58 PM PDT · by Dallas59 · 9 replies · 664+ views
    Sky News ^ | 09/30/2009 | Sky News
    merica's richest people are getting poorer, according to this year's Forbes 400 list. The annual ranking of the 400 wealthiest US citizens shows their net worth has dropped by $300bn, from $1.57 trillion to a paltry $1.27 trillion. That includes a loss of nearly $40bn for the top ten alone. The decline can be attributed to the global economic crisis, which has affected the capital and housing markets, as well as fraud and divorce, causing 314 returning members to record a loss. Warren Buffett, who remains at number two, was the worst affected by the world recession, losing $10bn over...
  • Tiger Woods becomes the first $1 billion sportsman

    09/30/2009 4:31:55 PM PDT · by bruinbirdman · 31 replies · 1,131+ views
    The Telegraph ^ | 9/30/2009 | James Quinn
    According to Forbes, the $10 million [£6.2 million] bonus that Woods got for his recent FedEx Cup win pushed him over the $1 billion [£620 million] mark in total career earnings. Phil Mickelson with the Tour Championship trophy beside Tiger Woods, with the FedEx Cup, which earned him a $10 million (£6.3m) bonus Up to the beginning of 2009, the world's number one golfer had earned $895 million from prize money, appearance fees, sponsorship and from designing golf courses. Adding together his winnings from this year together with his annual $100 million earnings, this makes Woods the first dollar billionaire...