Immigrants and the Fortune 500
Among the companies listed on the Fortune 500 in 2010, 204 were founded by immigrants or the children of immigrants.
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Average family net worth drops sharply
The average American family’s net worth dropped almost 40 percent, from $126,400 to $77,300, between 2007 and 2010, according to a recent study by the Federal Reserve. That translates into the loss of 18 years of savings and investment as a result of the financial crisis.
CNNMoney.com
Hackers target LinkedIn and eHarmony
Hackers stole 6.5 million passwords from LinkedIn, the career-oriented social network, and 1.5 million passwords from dating site eHarmony last week. Cyber-security experts say the breaches should prompt users to create harder-to-crack logins, especially if the same passwords are used across a number of accounts.
Los Angeles Times
Lunch with Buffett
An anonymous bidder paid a record $3.46 million this week to have a steak lunch with legendary investor Warren Buffett, who auctions off a meal for charity each year. Last year’s winning bidder, investment adviser Ted Weschler, was hired by Buffett several months after he paid $2.6 million to dine with the Oracle of Omaha.
San Francisco Chronicle
Dwindling phone time
Since the iPhone was launched in 2007, the amount of time Americans spend making old-fashioned voice calls on their mobile phones keeps falling. Wireless customers used an average of 826 minutes per month making calls in 2007, but just 681 minutes on average in 2011. The average call lasted 3.03 minutes in 2006, but just 1.78 minutes last year.
The Wall Street Journal