Tell-It-Like-It-Is

Richest Billionaires in the World

Two-thirds of the wealthiest people in the U.S. added to their fortunes, boosting their average net worth by $400 million to a record $4.2 billion.

Rank	Name	Net Worth	Age	Source	Country of Citizenship
1	Carlos Slim Helu & family	$69 B	72	telecom	Mexico
2	Bill Gates	$61 B	56	Microsoft	United States
3	Warren Buffett	$44 B	81	Berkshire Hathaway	United States
4	Bernard Arnault	$41 B	63	LVMH	France
5	Amancio Ortega	$37.5 B	75	Zara	Spain
6	Larry Ellison	$36 B	67	Oracle	United States
7	Eike Batista	$30 B	55	mining, oil	Brazil
8	Stefan Persson	$26 B	64	H&M	Sweden
9	Li Ka-shing	$25.5 B	83	diversified	Hong Kong
10	Karl Albrecht	$25.4 B	92	Aldi	Germany
11	Christy Walton & family	$25.3 B	57	Wal-Mart	United States
12	Charles Koch	$25 B	76	diversified	United States
12	David Koch	$25 B	71	diversified	United States
14	Sheldon Adelson	$24.9 B	78	casinos	United States
15	Liliane Bettencourt	$24 B	89	L'Oreal	France
16	Jim Walton	$23.7 B	64	Wal-Mart	United States
17	Alice Walton	$23.3 B	62	Wal-Mart	United States
18	S. Robson Walton	$23.1 B	68	Wal-Mart	United States
19	Mukesh Ambani	$22.3 B	54	petrochemicals, oil & gas	India
20	Michael Bloomberg	$22 B	70	Bloomberg LP	United States
21	Lakshmi Mittal	$20.7 B	61	steel	India
22	George Soros	$20 B	81	hedge funds	United States
23	Michele Ferrero & family	$19 B	85	chocolates	Italy
24	Sergey Brin	$18.7 B	38	Google	United States
24	Larry Page	$18.7 B	39	Google	United States
26	Jeff Bezos	$18.4 B	48	Amazon.com	United States
27	Thomas & Raymond Kwok & family	$18.3 B	0	real estate	Hong Kong
28	Alisher Usmanov	$18.1 B	58	steel, telecom, investments	Russia
29	Prince Alwaleed Bin Talal Alsaud	$18 B	57	investments	Saudi Arabia
29	Lee Shau Kee	$18 B	84	diversified	Hong Kong
29	Georgina Rinehart	$18 B	58	Mining	Australia
32	Berthold & Theo Jr. Albrecht	$17.8 B	0	Aldi, Trader Joe's	Germany
32	Iris Fontbona & family	$17.8 B	69	mining	Chile
34	Michael Otto & family	$17.6 B	68	retail, real estate	Germany
35	David Thomson & family	$17.5 B	54	media	Canada
35	Mark Zuckerberg	$17.5 B	27	Facebook	United States
37	Ricardo Salinas Pliego & family	$17.4 B	56	retail, media	Mexico
38	Alberto Bailleres Gonzalez & family	$16.5 B	80	mining	Mexico
39	Rinat Akhmetov	$16 B	45	steel, coal	Ukraine
39	Cheng Yu-tung	$16 B	86	diversified	Hong Kong
41	Michael Dell	$15.9 B	47	Dell	United States
41	Vladimir Lisin	$15.9 B	55	steel, transport	Russia
41	Azim Premji	$15.9 B	66	software	India
44	Steve Ballmer	$15.7 B	56	Microsoft	United States
45	Alexey Mordashov	$15.3 B	46	steel, investments	Russia
46	Vladimir Potanin	$14.5 B	51	metals	Russia
47	Phil Knight	$14.4 B	74	Nike	United States
48	Paul Allen	$14.2 B	59	Microsoft, investments	United States
48	German Larrea Mota Velasco & family	$14.2 B	58	mining	Mexico
50	Carl Icahn	$14 B	76	leveraged buyouts	United States
50	Birgit Rausing & family	$14 B	88	packaging	Sweden
52	Forrest Mars, Jr.	$13.8 B	80	candy	United States
52	Jacqueline Mars	$13.8 B	72	candy	United States
52	John Mars	$13.8 B	75	candy	United States
52	Joseph Safra	$13.8 B	73	banking	Brazil
56	Vagit Alekperov	$13.5 B	61	Lukoil	Russia
57	Mikhail Fridman	$13.4 B	47	oil, banking, telecom	Russia
58	Mikhail Prokhorov	$13.2 B	46	investments	Russia
59	Susanne Klatten	$13 B	49	BMW, pharmaceuticals	Germany
59	Francois Pinault & family	$13 B	75	retail	France
61	Mohammed Al Amoudi	$12.5 B	67	oil, diversified	Saudi Arabia
61	Anne Cox Chambers	$12.5 B	92	media	United States
61	John Paulson	$12.5 B	56	hedge funds	United States
64	Robert Kuok	$12.4 B	88	diversified	Malaysia
64	Luis Carlos Sarmiento	$12.4 B	79	banking	Colombia
64	Viktor Vekselberg	$12.4 B	54	oil, metals	Russia
67	Antonio Ermirio de Moraes & family	$12.2 B	83	diversified	Brazil
68	Roman Abramovich	$12.1 B	45	steel, investments	Russia
69	Donald Bren	$12 B	79	real estate	United States
69	Jorge Paulo Lemann	$12 B	72	beer	Brazil
69	Ronald Perelman	$12 B	69	leveraged buyouts	United States
72	Len Blavatnik	$11.9 B	54	diversified	United States
72	Leonid Mikhelson	$11.9 B	56	gas, chemicals	Russia
74	Leonardo Del Vecchio	$11.5 B	76	eyewear	Italy
75	John Fredriksen	$11.3 B	67	shipping	Cyprus
76	Aliko Dangote	$11.2 B	54	sugar, flour, cement	Nigeria
76	Stefan Quandt	$11.2 B	45	BMW	Germany
78	Gerald Cavendish Grosvenor & family	$11 B	60	real estate	United Kingdom
78	Harold Hamm	$11 B	66	oil & gas	United States
80	Savitri Jindal & family	$10.9 B	62	steel	India
81	Andrey Melnichenko	$10.8 B	40	coal, fertilizers	Russia
82	James Simons	$10.7 B	73	hedge funds	United States
83	Ernesto Bertarelli & family	$10.6 B	46	biotech, investments	Switzerland
84	Jack Taylor & family	$10.4 B	89	Enterprise Rent-A-Car	United States
85	Abigail Johnson	$10.3 B	50	Fidelity	United States
86	Robin Li	$10.2 B	43	Technology	China
86	Eliodoro, Bernardo & Patricia Matte	$10.2 B	0	paper	Chile
88	Ray Dalio	$10 B	62	hedge funds	United States
88	George Kaiser	$10 B	69	oil & gas, banking	United States
88	Johanna Quandt	$10 B	85	BMW	Germany
88	Hans Rausing	$10 B	86	packaging	Sweden
88	Tadashi Yanai & family	$10 B	63	retail	Japan
93	Serge Dassault & family	$9.9 B	86	aviation	France
93	Ananda Krishnan	$9.9 B	73	telecoms	Malaysia
95	Klaus-Michael Kuhne	$9.8 B	74	shipping	Germany
96	Pallonji Mistry	$9.7 B	82	construction	Ireland
97	Alejandro Santo Domingo Davila	$9.5 B	35	beer	Colombia
98	Horst Paulmann & family	$9.3 B	77	retail	Chile
99	Gennady Timchenko	$9.1 B	59	oil & gas	Russia
100	Laurene Powell Jobs & family	$9 B	48	Apple, Disney	United States

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Secret Diamond Crater Revealed By Russia

Hidden treasures: Russian scientists want the diamond field to be dug up

The giant Popigai crater

Russian scientists have revealed that they kept secret a huge deposit of diamonds beneath a gigantic meteorite crater in Siberia for decades.

They claim that the 60-mile wide Popigai crater in eastern Siberia contains "many trillions of carats" of so-called "impact diamonds" - stones good for technological purposes, not for jewellery.
The scientists, from the Siberian branch of the Russian Academy of Sciences, said the diamond source is bigger than any known reserve in the world.
They are calling for it to be dug up now for the benefits it could bring to industries.
The deposit was first discovered by Soviet scientists in the 1970s, but was left unexplored as the Soviet leadership chose to produce synthetic diamonds for industrial use.
It remained classified until after the collapse of the Soviet Union.
Nikolai Pokhilenko, the head of the Geological and Mineralogical Institute in Novosibirsk, told the Russian news agency RIA Novosti that the diamonds found in Popigai include special molecular forms of carbon.
This means they could be twice as hard as conventional diamonds and therefore have superlative industrial qualities.
Mr Pokhilenko said that the diamonds owed their unparalleled hardness to the enormous pressure and high temperatures created by the explosion when a giant meteorite hit the area 35 million years ago.
The institute is planning to send an expedition to the crater in co-operation with Russia's state-controlled diamond mining company Alrosa.

Somali election: Hassan Sheikh elected as president

New Somali President Hassan Sheikh Mohamud is a political newcomer

Somali MPs meeting in Mogadishu have elected Hassan Sheikh Mohamud as the country's new president, in the latest step to end decades of war.

The academic beat President Sheikh Sharif Sheikh Ahmed in a run-off poll by 190 to 79 votes, officials said.
No candidate secured the required two-thirds majority in the first round of voting, conducted by secret ballot.
It is the first time for years that a president has been chosen on Somali soil, a sign of improving security.
However, the al-Qaeda linked group al-Shabab still controls many southern and central parts of the country, and has staged frequent suicide attacks in the capital since it was driven out of Mogadishu last year by African Union troops and pro-government forces.
Despite qualifying for the second round, outgoing Prime Minister Abdiweli Mohamed Ali and moderate Islamist Abdulkadir Osoble then pulled out after coming third and fourth respectively. Eighteen candidates were eliminated at the first hurdle.
Outgoing Somali President Sheikh Sharif Sheikh Ahmed conceded defeat during a live broadcast on national TV, saying he was "satisfied" with the results of the "just elections".
Different future? Hassan Sheikh Mohamud is an academic as well as a civic activist who has worked for several national and international peace and development organisations.
He graduated from the Somali National University in 1981 and went on to study in India, where he obtained a master's degree from Bhopal University.
For two years he worked for the United Nations children's organisation Unicef as an education officer in south and central Somalia, until the departure of UN peacekeepers in Somalia in 1995.
Four years after that he co-founded the Somali Institute of Management and Administration Development in Mogadishu, which later evolved into Simad University.

In 2011, he founded the Peace and Development Party and is currently serving as its chairman. He speaks Somali and English.
The election process began five hours late at a police academy in Mogadishu, following tight security checks.
The election was also delayed by the swearing-in of the last batch of MPs and then a vote on whether a group of disputed MPs, including former warlords, could take part. The MPs voted in favour of this.
The new speaker of parliament, Mohamed Osman Jawari, had urged MPs to vote with their consciences.
"May God help us to elect a good leader in an atmosphere of tranquillity. We must give the youth of Somalia a bright future," he said.
The process is still in many ways owned by outside powers who have for years been involved militarily and politically in Somalia, the BBC's Mary Harper reports.
But Hassan Sheikh Mohamud could represent a different kind of future for the country because he is not associated with the violence and corruption of the past, our correspondent says.
Nevertheless he faces massive challenges on multiple fronts, she adds - firstly, he will have to deal with the powerful politicians who lost the elections; then he has to try to reunite a country torn apart by two decades of civil conflict, much of which is controlled by the al-Shabab militia.
Since the overthrow of President Siad Barre in 1991, Somalia has seen clan-based warlords, Islamist militants and its neighbours all battling for control.

Somalia - Failed State

Two decades of anarchy

Democratic convention: Obama lays out election choice

Barack Obama spoke of the challenges ahead in his closing speech at the Democratic National Convention

US Presidential Election 2012

US President Barack Obama has accepted the nomination of the Democratic party, telling voters they face a generational choice in November's election.

He highlighted the differences between his aims and Republican policies, and reprised his 2008 theme of "hope".
"I never said this journey would be easy, and I won't promise that now," Mr Obama told the Democratic convention.
Republican Mitt Romney is challenging Mr Obama for the White House, with polls showing a tight race.
Mr Obama told delegates in the hall and voters watching at home that the nations problems have built up over "decades" and cannot be fixed in a flash.

“Start Quote

From all that we've seen and heard, they want to take us back to an era of blustering and blundering that cost America so dearly”

Barack Obama US President

How Obama wields America's power

"But when you pick up that ballot to vote - you will face the clearest choice of any time in a generation.

"Over the next few years, big decisions will be made in Washington: on jobs and the economy; taxes and deficits; energy and education; war and peace - decisions that will have a huge impact on our lives and our children's lives for decades to come," he said.
Venue change Mr Obama took the stage not in a huge stadium in downtown Charlotte, North Carolina, as organisers had hoped, but inside the convention centre after Thursday's speech was moved because of weather concerns.

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Obama: My opponent and his running mate are new to foreign policy

He followed a rousing speech by Vice-President Joe Biden, who praised Mr Obama for his bravery in bailing our the auto industry and ordering the killing of Osama Bin Laden.
The president offered a string of critiques of Republican policies, describing his opponents as "happy to talk about everything they think is wrong with America" without offering suggestions on how to make things right.
"That's because all they have to offer is the same prescription they've had for the last thirty years," he said.
"Have a surplus? Try a tax cut. Deficit too high? Try another. Feel a cold coming on? Take two tax cuts, roll back some regulations, and call us in the morning!'"
But there was no mention of his own healthcare law, a signature achievement that remains unpopular with many Americans, and little explicit talk of the stimulus enacted in his first months in office.

“Start Quote

This was no game changer. It suggests the election campaign, like improvement in the economy, will be a long hard slog”

Mark Mardell North America editor

Read more from Mark

The speech prompted a response from Mr Romney's camp: "Tonight President Obama laid out the choice in this election, making the case for more of the same policies that haven't worked for the past four years," his campaign said in a statement after the speech.

"He offered more promises, but he hasn't kept the promises he made four years ago."
Mr Obama also spoke about his energy strategy, saying the US had opened "millions of new acres for oil and gas exploration... and we'll open more."
"But unlike my opponent, I will not let oil companies write this country's energy plan, or endanger our coastlines, or collect another $4bn in corporate welfare from our taxpayers."
On international issues, the president described Mr Romney and running-mate Paul Ryan as "new to foreign policy".
"But from all that we've seen and heard, they want to take us back to an era of blustering and blundering that cost America so dearly," he said, highlighting his success with Bin Laden and his withdrawal of troops from Iraq and planned drawdown from Afghanistan.

Gallup poll, 1 Sept

1 Sept Gallup poll: Obama 47%, Romney 46%

As Mr Obama finished the speech, he roused the crowd by telling them their votes had helped make the changes of his presidency.

"Only you have the power to move us forward, " he said. "I recognise that times have changed since I first spoke to this convention. The times have changed - and so have I. I'm no longer just a candidate. I'm the president."
Fired-up Biden Earlier, Vice-President Biden accepted his own re-nomination in an emotional speech that focused on family and national security.
"Folks, I've watched him," he said of the president. "He never wavers. He steps up."
"He asks the same thing over and over again: How is this going to work for ordinary families? Will it help them?"
Mr Biden also criticised Mr Romney for not backing the US auto industry bailout, referring to the former Massachusetts governor's time leading private equity firm Bain Capital.
"I just don't think he understood what saving the automobile industry meant, to all of America. I think he saw it the Bain way, in terms of balance sheets and write-offs," he said.

Joe Biden: "This man has courage in his soul, compassion in his heart and steel in his spine"

"The Bain way may bring your firm the highest profit. But it's not the way to lead your country from its highest office."
The third and final night of speeches in Charlotte also saw former Florida governor Charlie Crist - who was previously a Republican - and Massachusetts Senator John Kerry address the convention.
Mr Kerry criticised the Mr Romney for surrounding himself with "neo-conservative advisors who know all the wrong things about foreign policy".
"This is not the time to outsource the job of commander in chief," the Massachusetts senator said.
Former Arizona Representative Gabrielle Giffords, still recovering from a near-fatal shooting on a meeting with her constituents in 2011, appeared on stage to lead the convention in the pledge of allegiance.
Walking slowly and steadying herself to recite the pledge, Ms Giffords brought left many in the crowd dewy-eyed as she smiled through her recital.

Gabby Giffords leads US pledge at Democratic convention

Thursday's speeches brought an end to the Democratic convention, which also headlining speeches from Michelle Obama and former President Bill Clinton.
Mr Obama and Mr Romney now face two months of relentless campaigning before voters across the 50 states go to the polls on 6 November.
Source:BBC

"Blue Moon" Friday - Last One Until 2015

A full moon rises above Fairfield, North Carolina.

A full moon rises above cypress trees at Lake Mattamuskeet, North Carolina (file picture).

Photograph by George Grall, National Geographic

A bright "blue moon" will grace skies this Friday—the last one until July 2015. The last time sky-watchers were treated to a blue moon was New Year's Eve 2009.
If the skies are clear, revelers will get an eyeful of the second full moon of the month—commonly called a blue moon. A blue moon isn't actually blue—as commonly defined, the name reflects the relative rarity of two full moons in a month and is linked to the saying "once in a blue moon."
"There is nothing scientific about it, and it has no astronomical significance," Mark Hammergren, a staff astronomer at the Adler Planetarium in Chicago, Illinois, said in 2009.
"But I believe it does give us some insight into history and makes us think of how our calendar system has derived from motions of objects in the sky."
(Take a moon myths quiz.)
Blue Moon Error
The popular definition of a blue moon isn't the only one—and it's one that's based on an editorial error, astronomers contend.
The widespread definition of the second full moon in a month stems from errors made in an astronomy magazine, when a writer misinterpreted how the term was used in the Maine Farmer's Almanac.
Later studies of almanacs published from 1819 to 1962 revealed that the term "blue moon" actually refers to the "extra" full moon that can occur in a year due to differences between the calendar year and the astronomical year.
(Related: "Leap Year—How the World Makes Up for Lost Time.")
Most years on average have 12 full moons, with 1 appearing each month.
That's because the lunar month—the time it takes the moon to cycle through its phases—corresponds closely to the calendar month.
But the calendar year is actually based on the solar cycle, or the time it takes Earth to make one trip around the sun. This means a year is not evenly divisible by lunar months, so every three years or so there are 13 full moons.
The farmer's almanac further divided the year into four seasons, with each season lasting three months. When a given season saw four full moons, the almanac dubbed the third moon as a blue moon.
Ultimately, a blue moon as defined by the calendar isn't that rare, added Hammergren. The term's significance instead lies in the way it links people to the motions of the cosmos.
"Just being able to recognize that we can have a full moon twice in a month and have [folklore] attached really highlights the fact that humans have been astronomers their entire existence," he said.
(Also see "Supermoon Pictures: Best Shots of Year's Biggest Full Moon.")
"True" Blue Moon
Before the editorial error, the term "blue moon" more often referred to the rare instances when the moon actually seemed to turn blue, as can happen under certain atmospheric conditions.
"After a forest fire or volcanic eruption, there may be enough particulate matter in the air so that the moon can take on a bluish tinge," Hammergren said.
For instance, a "true" blue moon occurred in 1950 after a large forest fire in Canada blew smoke across most of the Northern Hemisphere.
Another appeared in 1980 after the last major eruption of Mount St. Helens, which sent tons of ash into the upper atmosphere.
"There are plenty of wildfires burning in the hot, dry U.S.A. this month," according to NASA Science News. "If any of them produce smoke with an extra dose of micron-sized particles, the full moon might really turn blue."

Source:Andrew Fazekas

National Geographic News

Half Of Harvard Class 'Cheated' On Exam

it's one of the most exclusive universities in the world, but Harvard is investigating 125 of its students for alleged plagiarism.

Students walk through Harvard's main campus in Cambridge, Massachusetts

As many as 125 students at America's prestigious Harvard University are being investigated for allegedly cheating in their final exam, administrators have revealed.

The official university site reported that a large number of undergraduates "may have inappropriately collaborated on answers, or plagiarised classmates' responses, on the final exam for the course".
An initial investigation by the Harvard College Administration Board of more than 250 final exams resulted in cases of alleged cheating involving "nearly half the students for the course".
The Ivy League college has not identified the course, or the students allegedly involved in the scandal - one of the largest to affect Harvard.
But student newspaper, The Harvard Crimson, said it was Government 1310: "Introduction to Congress" course.
The allegations arose when a faculty member noticed "similarities between a number of exams".
Anyone found to have cheated could face punishments, including a one-year suspension from the college.
Michael Smith, dean of the Faculty of Arts and Sciences, said: "We take academic integrity very seriously because it goes to the heart of our educational mission.
"Academic dishonesty cannot and will not be tolerated at Harvard.
"These allegations, if proven, represent totally unacceptable behaviour that betrays the trust upon which intellectual inquiry at Harvard depends."
Harvard, in Cambridge, Massachusetts, is one of the most exclusive universities in the world, with students paying around £40,000 a year to attend.
Source:news.sky.com

Gaza 'will not be liveable by 2020' - UN report

Palestinian men transport bags of cement through tunnels used for smuggling goods on 23 August

Tunnels under the Egyptian border have been a lifeline for Gaza in recent years.

The Gaza Strip will not be "a liveable place" by 2020 unless action is taken to improve basic services in the territory, according to a UN report.

Basic infrastructure in water, health, education and sanitation "is struggling to keep pace with a growing population", according to the report.
It estimates Gaza's population will rise from 1.6m to 2.1m by 2020.
Israel tightened a blockade on Gaza after the Islamist movement Hamas came to power in the territory in 2007.
Israel says the blockade, which is policed with Egyptian co-operation and has never been fully lifted, is necessary to prevent weapons reaching Hamas.
The UN report estimates Gaza will need double the number of schools and 800 more hospital beds by 2020, and says the territory is already suffering from a housing shortage.
The report also says the coastal aquifer, the territory's only natural source of fresh water, may become unusable by 2016.
Disconnected territory UN officials point to the difficulty of improving the situation given "the closure of the Gaza Strip, violent conflict, and the pressing need for Palestinian reconciliation".
"An urban area cannot survive without being connected," said Maxwell Gaylard, the UN's humanitarian chief in Gaza.
Gaza has no air or sea ports, and the economy is heavily dependent on outside funding and smuggling through tunnels under the Egyptian border.
Even though Gaza has experienced some economic growth in recent years, the report says it "does not seem to be sustainable" and finds that Gazans are worse off now than in the 1990s.
Unemployment was at 29% in 2011 and has risen since then, particularly affecting women and young people.
Traffic through the cross-border tunnels was hit in recent weeks by violence between Egyptian security forces and militants in Egypt's Sinai peninsula, which borders Israel and Gaza.

Carlos Slim Helu & family

Bill Gates

Warren Buffett

Bernard Arnault

Amancio Ortega

Larry Ellison

Eike Batista

Stefan Persson

Li Ka-shing

Karl Albrecht

Christy Walton & family

Charles Koch

David Koch

Sheldon Adelson

Liliane Bettencourt

Jim Walton

Alice Walton

S. Robson Walton

Mukesh Ambani

Michael Bloomberg

Lakshmi Mittal

George Soros

Michele Ferrero & family

Sergey Brin

Larry Page

Jeff Bezos

Thomas & Raymond Kwok & family

Alisher Usmanov

Prince Alwaleed Bin Talal Alsaud

Lee Shau Kee

Georgina Rinehart

Berthold & Theo Jr. Albrecht

Iris Fontbona & family

Michael Otto & family

David Thomson & family

Mark Zuckerberg

Ricardo Salinas Pliego & family

Alberto Bailleres Gonzalez & family

Rinat Akhmetov

Cheng Yu-tung

Michael Dell

Vladimir Lisin

Azim Premji

Steve Ballmer

Alexey Mordashov

Vladimir Potanin

Phil Knight

Paul Allen

German Larrea Mota Velasco & family

Carl Icahn

Birgit Rausing & family

Forrest Mars, Jr.

Jacqueline Mars

John Mars

Joseph Safra

Vagit Alekperov

Mikhail Fridman

Mikhail Prokhorov

Susanne Klatten

Francois Pinault & family

Mohammed Al Amoudi

Anne Cox Chambers

John Paulson

Robert Kuok

Luis Carlos Sarmiento

Viktor Vekselberg

Antonio Ermirio de Moraes & family

Roman Abramovich

Donald Bren

Jorge Paulo Lemann

Ronald Perelman

Len Blavatnik

Leonid Mikhelson

Leonardo Del Vecchio

John Fredriksen

Aliko Dangote

Stefan Quandt

Gerald Cavendish Grosvenor & family

Harold Hamm

Savitri Jindal & family