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
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Twelfth Night or What You Will: a 'riotous' late-summer jamboreeThe Week Recommends Robin Belfield's 'carnivalesque' new staging at Shakespeare's Globe is 'joyfully tongue-in-cheek'
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August 28 editorial cartoonsCartoons Thursday’s political cartoons include Taylor Swift's wedding bells, Donald Trump's objections to mail-in voting, and thoughts and prayers
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How Israel's 'Legitimisation Cell' is justifying journalist killings in GazaThe Explainer Evidence suggests a secret intelligence unit is portraying Palestinian journalists as Hamas operatives
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie