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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 ^ | 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 · 30 replies ^ | 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 ^ | 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...