Archive for March 10th, 2010
Bill Gates Loses Forbes’ ‘World’s Richest’ Title To Carlos Slim (MSFT, NYT, AMX)
Bill Gates is no longer the richest man in the world, according to the annual Forbes list of billionaires.
That title now goes to Carlos Slim Helu, the Mexican telecom magnate who is a part owner of the New York Times. Warren Buffett is no. 3 now.
Carlos Slim is worth $53.5 billion, according to Forbes, up $18.5 billion from last year. Gates is worth $53.0 billion, up $13 billion from last year. Buffett is worth $47.0 billion, up $10 billion.
Join the conversation about this story »
See Also:
- 10 Ways Microsoft Is Juicing Bing’s Search Traffic
- Bill Gates On The iPad: Hey, Apple – You’re Doing it Wrong
- Jon Stewart Grills Bill Gates About Twitter
CNNBC Pokes Fun At Glenn Beck’s Sensationalism
MoveOn.org’s CNNBC video site has a little fun at Glenn Beck’s habit for sensationalism. They frame a parody “news segment” all about the Fox News host spending “much of the last week claiming that a normal, everyday progressive was linked to Stalin, Elvis, Joe Biden’s cousin, and the guy who came up with the idea of taxes.”
Watch the video:
Join the conversation about this story »
See Also:
- Fox News Responds To CNN Criticism: "We Don’t Respond To Presidents Of Fifth-Place News Networks"
- CHART OF THE DAY: How Fox Conquered Cable News
- FOX NEWS Makes More Money Than CNN, MSNBC, And NBC-ABC-And-CBS News Combined
As Risks Fade, Once Again Investors Are Loving Junk, Trash, And Financials
The amazing thing about this market is the lack of middle ground.
One moment the euro is about to collapse, and everyone wants dollars, and the next moment investors are convinced the Greek story is over, and are ready to take on huge risks.
The latest case in point: Junk debt is rallying, trash stocks are rallying — see: AIG, Fannie Mae (FNM), Freddie Mac (FRE), and Citigroup (C) — as are financials in general.
In fact, as Bespoke observes, financials are riding a 9-day win streak, only the third such streak since 1990.
Join the conversation about this story »
See Also:
- AIG Continues To Shoot Skyward, Fannie And Freddie Still Soaring
- It’s Actually Impossible For The Greece Crisis To Be Solved Since Even Fixing The Problem Dooms The Nation To Recession
- Sorry, Greece, Your Crisis Was Not Caused By Speculators Or Credit Default Swaps
Amazon’s Controversial One Click Patent Confirmed Following Four Year Re-Exam (AMZN)
The U.S. Patent and Trademark Office has confirmed Amazon.com’s controversial 1-Click patent following a re-examination that lasted more than four years.
Join the conversation about this story »