Mary Phillips-Sandy - AOL News
Recession woes? Diminished savings? Behind on bills?
These aren't words that resonate for Carlos Slim, the Mexican billionaire who just topped a 2011 Forbes list of the world's wealthiest people. As WalletPop reports, Slim is now worth a whopping $74 billion, placing him well ahead of No. 2 Bill Gates ($56 billion) and No. 3 Warren Buffett ($50 billion). This is the second year in a row that Slim has been No. 1 on the Forbes list, although last year he was worth just $53.5 billion.
To put his current net worth of $74 billion in perspective: Slim could cover New York state's budget deficit ...
Lynn Sweet - Politics Daily
Former President George H.W. Bush returned to the White House on Tuesday to pick up a Medal of Freedom from President Obama, who honored 14 other notables in business, labor, sports, the arts, government and literature.
"This year's Medal of Freedom recipients reveal the best of who we are, and who we aspire to be," Obama said.
Former First Lady Barbara Bush looked on as her husband -- the 41st president and father of the 43rd president -- was hailed by the 44th for his sky diving and his service to the nation over a 70-year span.
"I would add that, like the remarkable Barbara Bush, his ...
Steven Hoffer - AOL News
President Barack Obama honored 15 recipients of the Presidential Medal of Freedom during a ceremony from the White House today.
The Presidential Medal of Freedom is presented to individuals recognized for "especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors."
Here is a complete list of today's recipients:
President George H.W. Bush
German Chancellor Angela Merkel
Rep. John Lewis, D-Ga.
John H. Adams, co-founder of the Natural Resources Defense ...
Jill Lawrence - Politics Daily
At $430 million, public broadcasting is a tiny part of the $3.8 trillion federal budget. Still, it's time to end its role as a political football and a symbol of what government shouldn't be doing. It's time to find another way to help public broadcasting thrive.
I say that as a huge fan. No one could love PBS and NPR more than I do. I'm a monthly contributor to local stations in my area and just last weekend I bought NPR's map pinpointing affiliated stations all over the country. My husband and I have "driveway moments" all the time, unable to leave the car until a story ends. One of them ...
Elizabeth Barr - AOL News
NEW YORK (Dec. 9) -- Another 17 of America's richest people, including Facebook's Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have pledged to give away most of their wealth
They are the latest to join the Giving Pledge, an effort led by Microsoft founder Bill Gates and investor Warren Buffett to commit the country's wealthiest people to step up their charitable donations.
They've now signed up 57 people and their families. The list also includes New York Mayor Michael Bloomberg, CNN founder Ted Turner and film director George Lucas.
Though not a formal ...
Steven Hoffer - AOL News
(Dec. 9) -- The Giving Pledge, a philanthropic initiative orchestrated by Warren Buffett and Bill Gates to encourage billionaires to donate a significant portion of their fortunes to charity, announced Thursday that it can count Facebook Chief Executive Mark Zuckerberg among its newest pledge class of 16 billionaires, The Wall Street Journal reported.
But it turns out that giving away billions of dollars to charity isn't a foolproof method for winning universal praise. The Globe and Mail's Carl Mortished writes:
I can understand why Mr. Zuckerberg is eager to give away his money to a good ...
J. Richard - AOL News
(Dec. 3) -- Billionaire Warren Buffett announced today that he is donating $50 million to a new plan aimed at preventing the spread of atomic bombs.
Word of Buffett's foray into nuclear nonproliferation comes just one week after the passing of Samuel T. Cohen, creator of the neutron bomb, which served as a reminder to the world just how powerful its weaponry has become over the years. But how, exactly, will Buffett's millions ensure that the world never actually tests the bombs designed by Cohen or any other nuclear scientists? Surge Desk runs down the basics.
A new organization is ...
James Grady - Politics Daily
Hey, 2010: We've made it this far, and that deserves a lot of thanksgiving.
Politics is part of how we got here. Part of the good. Part of the bad. Part of our American dream.
Part of politics we can be thankful for now is the SHUT UP factor.
Listen to your lives. Do you hear it? Maybe not the sounds of silence, because the shouting never stops in modern America. But now the volume of political shouting is dialed-down because our latest electoral brawl is over -- except for random re-counts, court challenges, simple twists of fate and Congress's "lame duck" soup.
Now, driving home ...
David Knowles - AOL News
(Nov. 23) -- When it comes to the nation's economy, is the glass half full or half empty?
On Tuesday, the U.S. Department of Commerce revised its figures for how fast the nation's economy grew in the third quarter. GDP measured 2.5 percent, up 0.3 percentage points from the original estimates of 2.2 percent. A range of factors contributed to the revision, including strong consumer spending and healthy export sales.
GDP has remained in positive territory in each of the first three quarters of 2010, marking a year in which the nation began to wrest free of the grip of the worst recession in ...