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China's wealthy lawmakers; Google's move into TV; Fastenal tops Apple and Microsoft; Sheldon Adelson's big bets; Housing prices in Detroit move up

China's wealthy lawmakersChina’s legislators make U.S. lawmakers look like paupers. Last year, the 70 richest members of the Chinese legislature added more to their wealth—$11.5 billion—than the combined net worth of all 535 members of Congress, President Obama, the entire Cabinet, and the Supreme Court.Bloomberg.com

Google's move into TVGoogle has applied for a license to offer a service similar to cable TV to residents of Kansas City, Mo., which it chose last year as a test market for a high-speed fiber-optic Internet service. The move into TV would pit Google against cable companies like Time Warner and Verizon.The Wall Street Journal

Fastenal tops Apple and MicrosoftThe top-performing stock of the past 25 years isn’t Apple or Microsoft. It’s Minnesota-based hardware supplier Fastenal, which is up 38,565 percent since the market crash of 1987. Told of the distinction, 72-year-old founder Bob Kier­lin said, “Oh wow. Gee. Well, thanks. That’s great news.”Bloomberg Businessweek

Sheldon Adelson's big betsBillionaire Sheldon Adelson, who has made headlines by giving lavishly to a pro–Newt Gingrich Super PAC, has made more money since the financial meltdown than any other American. Though his casino empire was nearing default just three years ago, Adelson has made nearly $22 billion since 2009 thanks to big bets on casinos in Macau.Forbes

Housing prices in Detroit move upDetroit was the only U.S. city among the 20 tracked by the Case-Shiller Housing Index to have posted an uptick in average housing prices last year.Financial Times

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