| Slim es el hombre más rico del mundo: Forbes |
| El magnate mexicano desbanca a los estadounidenses Bill Gates y Warren Buffet con una fortuna de 53 mil 500 millones de dólares 16:58 |
 El Chapo repite entre los millonarios de Forbes 19:30 |
| El Chapo, empatado con Harp Helú 20:26 |
| En muestra de confianza en México: Elías Ayub 19:45 |
| Entérate Los nueve mexicanos en la lista de Forbes |
| Entérate Los 10 más ricos según Forbes |
| Fotogalería Los 10 nuevos millonarios de Forbes |
| Fotogalería Los mexicanos más ricos del mundo |
| Video Slim desplaza a Gates como el más rico del mundo |
| Entérate Los criterios de Forbes para lista de millonarios |
| Perfil: Carlos Slim Helú |
| Prensa internacional destaca fortuna de Slim |
Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts
Wednesday, March 10, 2010
Slim es el hombre más rico del mundo: Forbes
Gates and Buffet have had rough years, Slim has not. Even though he's aplutocrat, Mexico (some of it, anyway) takes pride in a Mexican being the richest man in the world. On paper, but the richest.
Wednesday, December 30, 2009
Financier criticizes banker pay
From today's Money & Investing section of the Wall Street Journal, a small article with quite some significance.
Guy Hands of Terra Criticizes Banker Pay
By JAMES MAWSON
Guy Hands, founder of buyout firm Terra Firma Capital Partners, questioned banker pay and warned globalization is delivering a "massive transfer of economic power from the west to the east" in his annual letter to investors.
The firm's entry as first hit on google result page: Terra Firma, the Private Equity firm. Rather self-assured, calling itself the firm. Its webpage has this logo: We aim to be the leading contrarian investment firm, responsibly delivering superior returns over the long term.’
Mr. Hands, who each year sends a topical book to investors, this year picked economist Roger Bootle's "The Trouble with Markets." His Christmas letter accompanying the book also criticized how bankers are remunerated.
Finally, someone not a politician making sense on this issue.
It said: "It cannot be right to continue with a system which allows risk to be taken in the knowledge that, if things go right, bankers will take on average 60% to 80% of the profits generated through compensation and, if they go wrong, shareholders and ultimately the Government will pick up the costs."
And the government is also to blame: not just Lehman should have been allowed to fail. More, firms such as Citigroup should never have been allowed to get that big.
Mr. Hands also was pessimistic about the U.K. and the West, having moved offshore from the U.K. to the Channel Islands earlier in the year: "We need to question the accepted wisdom that a truly global market benefits all citizens in western developed nations. Indeed, I suspect we will, in time, see globalization as the driver that delivered a massive transfer of economic power from the west to the east."
Didn't that happen with petrodollars?
Terra Firma struck its first Australian deal earlier in the year, having bought Consolidated Pastoral, and was optimistic about its portfolio, including music company EMI Group.
Guy Hands of Terra Criticizes Banker Pay
By JAMES MAWSON
Guy Hands, founder of buyout firm Terra Firma Capital Partners, questioned banker pay and warned globalization is delivering a "massive transfer of economic power from the west to the east" in his annual letter to investors.
The firm's entry as first hit on google result page:
Mr. Hands, who each year sends a topical book to investors, this year picked economist Roger Bootle's "The Trouble with Markets." His Christmas letter accompanying the book also criticized how bankers are remunerated.
Finally, someone not a politician making sense on this issue.
It said: "It cannot be right to continue with a system which allows risk to be taken in the knowledge that, if things go right, bankers will take on average 60% to 80% of the profits generated through compensation and, if they go wrong, shareholders and ultimately the Government will pick up the costs."
And the government is also to blame: not just Lehman should have been allowed to fail. More, firms such as Citigroup should never have been allowed to get that big.
Mr. Hands also was pessimistic about the U.K. and the West, having moved offshore from the U.K. to the Channel Islands earlier in the year: "We need to question the accepted wisdom that a truly global market benefits all citizens in western developed nations. Indeed, I suspect we will, in time, see globalization as the driver that delivered a massive transfer of economic power from the west to the east."
Didn't that happen with petrodollars?
Terra Firma struck its first Australian deal earlier in the year, having bought Consolidated Pastoral, and was optimistic about its portfolio, including music company EMI Group.
Friday, June 19, 2009
This Boomer Isn't Apologizing
It is RARE that I agree with a Wall Street Journal opinion column, yet I agree with this one -- but still take issue with the commentator. He takes issue with the blame being heaped on the Baby Boomer generation for having done all sorts of terrible things.
The Wall Street Journal reported last week that graduation ceremonies have become collective airings of guilt and grief. It's now chic for boomers to apologize for their generation's crimes. It's the only thing conservatives and liberals seem to agree on. Mitch Daniels, the Republican governor of Indiana, told Butler University grads that our generation is "just plain selfish." At Grinnell College in Iowa, author Thomas Friedman compared boomers to "hungry locusts . . . eating through just about everything." Film maker Ken Burns told this year's Boston College grads that those born between 1946 and 1960 have "squandered the legacy handed to them by the generation from World War II."
Mitchell Elias, Jr. (born April 7, 1949 in Monongahela, Pennsylvania), is a 50-year0old Republican. Tom Friedman, born in 1953, is a 55-year-old "I-know-best" hanranguer. Ken Burns is 9 days younger than Friedman, and thinks he knows everything.
The legacy of the WW II generation? Segregated armed forces, segregated cities, rampant racism, a strong KKK, McCarthyism, a President in Eisenhower afraid of the senator from Wisconsin and without the decency to defend General Marshall, Richard Nixon in all his gory glory, VietNam ... that sort of legacy.
I could go on, but you get the point. We partied like it was 1999, paid for it with Ponzi schemes and left the mess for our kids and grandkids to clean up. We're sorry -- so sorry.
Well, I'm not. I have two teenagers and an 8-year-old, and I can say firsthand that if boomer parents have anything for which to be sorry it's for rearing a generation of pampered kids who've been chauffeured around to soccer leagues since they were 6. This is a generation that has come to regard rising affluence as a basic human right, because that is all it has ever known -- until now. Today's high-school and college students think of iPods, designer cellphones and $599 lap tops as entitlements. They think their future should be as mapped out as unambiguously as the GPS system in their cars.
I'm not apologizing either. If teenagers think such luxuries are entitlements, then their parents are to blame, indeed.
How bad can the legacy of the baby boomers really be? Let's see: We're the generation that spawned Microsoft, Intel, Apple, Google, ATMs and Gatorade. We defeated the evils of communism and delivered the world from the brink of global thermonuclear war. Now youngsters are telling pollsters that they think socialism may be better than capitalism after all. Do they expect us to apologize for winning the Cold War next?
Well, Gatorade is nothing to brag about, and Google was started by post-Boomers, but he makes a very good point. No apologies necessary.
The boomers' children and their children will inherit more wealth and assets than any other in the history of the planet -- that is, unless Mr. Obama taxes it all away. So how about a little gratitude from these trust-fund babies for our multitrillion-dollar going-away gifts?
Aha, there it is: criticize the President as a tax-and-spend liberal, never mind that reagan and Bush, the supposedly fiscally prudent Republicans, got us into this mess.
My kids have never once handed back the car keys because of some moral problem with their carbon footprint -- and I think they are fairly typical.
Why not take the keys away?
Let's see what this next generation of over-educated ingrates can do.
So much anger.
The Wall Street Journal reported last week that graduation ceremonies have become collective airings of guilt and grief. It's now chic for boomers to apologize for their generation's crimes. It's the only thing conservatives and liberals seem to agree on. Mitch Daniels, the Republican governor of Indiana, told Butler University grads that our generation is "just plain selfish." At Grinnell College in Iowa, author Thomas Friedman compared boomers to "hungry locusts . . . eating through just about everything." Film maker Ken Burns told this year's Boston College grads that those born between 1946 and 1960 have "squandered the legacy handed to them by the generation from World War II."
Mitchell Elias, Jr. (born April 7, 1949 in Monongahela, Pennsylvania), is a 50-year0old Republican. Tom Friedman, born in 1953, is a 55-year-old "I-know-best" hanranguer. Ken Burns is 9 days younger than Friedman, and thinks he knows everything.
The legacy of the WW II generation? Segregated armed forces, segregated cities, rampant racism, a strong KKK, McCarthyism, a President in Eisenhower afraid of the senator from Wisconsin and without the decency to defend General Marshall, Richard Nixon in all his gory glory, VietNam ... that sort of legacy.
I could go on, but you get the point. We partied like it was 1999, paid for it with Ponzi schemes and left the mess for our kids and grandkids to clean up. We're sorry -- so sorry.
Well, I'm not. I have two teenagers and an 8-year-old, and I can say firsthand that if boomer parents have anything for which to be sorry it's for rearing a generation of pampered kids who've been chauffeured around to soccer leagues since they were 6. This is a generation that has come to regard rising affluence as a basic human right, because that is all it has ever known -- until now. Today's high-school and college students think of iPods, designer cellphones and $599 lap tops as entitlements. They think their future should be as mapped out as unambiguously as the GPS system in their cars.
I'm not apologizing either. If teenagers think such luxuries are entitlements, then their parents are to blame, indeed.
How bad can the legacy of the baby boomers really be? Let's see: We're the generation that spawned Microsoft, Intel, Apple, Google, ATMs and Gatorade. We defeated the evils of communism and delivered the world from the brink of global thermonuclear war. Now youngsters are telling pollsters that they think socialism may be better than capitalism after all. Do they expect us to apologize for winning the Cold War next?
Well, Gatorade is nothing to brag about, and Google was started by post-Boomers, but he makes a very good point. No apologies necessary.
The boomers' children and their children will inherit more wealth and assets than any other in the history of the planet -- that is, unless Mr. Obama taxes it all away. So how about a little gratitude from these trust-fund babies for our multitrillion-dollar going-away gifts?
Aha, there it is: criticize the President as a tax-and-spend liberal, never mind that reagan and Bush, the supposedly fiscally prudent Republicans, got us into this mess.
My kids have never once handed back the car keys because of some moral problem with their carbon footprint -- and I think they are fairly typical.
Why not take the keys away?
Let's see what this next generation of over-educated ingrates can do.
So much anger.
Friday, April 4, 2008
Cashin' In
This is worth another look.
Clintons: $109 Million Since 2000![[Image]](http://s.wsj.net/public/resources/images/OB-BG127_clinto_20080404162151.jpg)
The Clintons reported $109 million in income from early 2001 through 2007, an amount of wealth that could pose a political risk for Sen. Clinton. The Clintons paid more than $33 million in taxes and gave more than $10 million to charity in the period.
Risk? Good. So muh for understandin' what da common folk face. One more weight on the balance against the Clinton getting back into the White House.
The total was more than the couple previously had reported in Senate and campaign disclosures. The amount could carry political risk for Sen. Clinton if voters perceive her wealth as putting her out of touch with ordinary Americans.
I certainly see the pattern; key phrase being more than the couple previously had reported -- they always change the story.
"The Clintons have now made public 30 years of tax returns, a record matched by few people in public service," said Jay Carson, a spokesman for Sen. Clinton's presidential campaign, referring to returns the couple made when Bill Clinton first ran for president in 1992, and during his time in the White House. "None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information."
Always the spin.
While the campaign clearly hopes to put criticism to rest by releasing the documents, it's also possible that they will open Sen. Clinton to a different sort of political shot by detailing income that puts them among the nation's most affluent ranks.
Clintons: $109 Million Since 2000
The Clintons reported $109 million in income from early 2001 through 2007, an amount of wealth that could pose a political risk for Sen. Clinton. The Clintons paid more than $33 million in taxes and gave more than $10 million to charity in the period.Risk? Good. So muh for understandin' what da common folk face. One more weight on the balance against the Clinton getting back into the White House.
The total was more than the couple previously had reported in Senate and campaign disclosures. The amount could carry political risk for Sen. Clinton if voters perceive her wealth as putting her out of touch with ordinary Americans.
I certainly see the pattern; key phrase being more than the couple previously had reported -- they always change the story.
"The Clintons have now made public 30 years of tax returns, a record matched by few people in public service," said Jay Carson, a spokesman for Sen. Clinton's presidential campaign, referring to returns the couple made when Bill Clinton first ran for president in 1992, and during his time in the White House. "None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information."
Always the spin.
While the campaign clearly hopes to put criticism to rest by releasing the documents, it's also possible that they will open Sen. Clinton to a different sort of political shot by detailing income that puts them among the nation's most affluent ranks.
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