Bil Gates no longer the richiest man

Bill Gates appears to have been dethroned as the world's richest man. But based on his past comments, he probably isn't disappointed. The Microsoft Corp. chairman and co-founder has been overtaken on the world's richest list by Mexican telecommunications tycoon Carlos Slim, according to a Mexican financial news service quoted by Reuters.
A 27 percent surge in the stock price of Slim's wireless company, American Movil, in the second quarter has put his worth at close to $67.8 billion, Reuters reported Tuesday.
Reuters quoted financial tracker Eduardo Garcia, from Sentido Comun, an online financial publication. Garcia estimated that Gates was worth $59.2 billion, Reuters reported.
At a Microsoft conference in Redmond last year, advertising executive and TV host Donny Deutsch asked Gates if he would be upset if someday he were no longer the world's richest man."I wish I wasn't," Gates replied. "There's nothing good that comes out of that."
"It's better than being second," Deutsch said.
"No," Gates replied. "You get more visibility as a result of it."
On this spring's Forbes list, Slim was just behind Warren Buffett, an investor and CEO of Berkshire Hathaway, who had been second on the list for years.
Forbes reported then that Gates, who had topped its list for 13 years, and Buffett were quickly losing ground to Slim. In April, Forbes reported that Slim had overtaken Buffett and was on his way to passing Gates.

Money bank trade

As of early 2007, commercial banks in the US had total assets of $9,700 billion, and total liabilities of $8,900 billion. Almost 90% of each were due to domestically-chartered institutions.The ten largest banks control assets of $4,900 billion, $3,700 billion being domestic assets. With the exception of HSBC, all of the top ten are entirely US-owned institutions.2006 saw feverish M&A activity in the US, with a total deal value of $1,500 billion; activity in Europe was also intense. While private equity firms are increasingly involved, money center banks are still generating substantial revenues through these deals. The regulatory framework for large banks is due to change, with Basel II compliance likely to demand greater capital reserves, and increase costs. As banks grow larger, the requirement that none should hold more than 10% of the nation's deposits is being seen as restrictive. The fate of this federal cap on deposits may affect banks' organic and inorganic growth.Citigroup, Deutsche Bank, Bank of America, and HBSC Holdings are all leading players in this sector.

London Hotels

Milesfaster.co.uk are specialists for hotels in London, UK. Whether you are looking for a broad choice of accommodation, or looking to make a reservation in a particular area, near a London airport, in a particular postcode or close to a landmark we have a section of the website for you. Book online or by phone. If your looking for a cheap hotel why not try the most popular areas for budget class (1, 2, 3 star) accommodation, Bayswater, Paddington, Pimlico/Victoria SW1 and Earls Court. For hotels in the upper to luxury class (4, 5 star) try accommodation around Mayfair W1 and St James's SW1. To get a feel of what to expect in London why not visit our images gallery where you will find pictures not available on any other website.HOTEL NEWSConrad Hotel now becomes the Wyndham Chelsea HarbourGreat Eastern Hotel to become London's first 'Andaz' branded hotel. This is the luxury section of the Hyatt chain.Lanesborough offers free unlimited landline phone calls.Holiday Inn to take over the Marriott Courtyard hotels.Regent Palace Hotel shuts for good.Ramada Heathrow shut for total rebuildPétrus restaurant at The Berkeley Hotel gains second Michelin StarCENTRAL LONDON: CHARING CROSS?Officially the centre of London is taken as Charing Cross Station. However as far as the tourist heart of the capital is concerned its really on the South East side of the central areas. For the purposes of measuring distances on this website we use Piccadilly Circus as the point of reference as we believe in the real world it represents the central tourist heart of London for most people. The distance between the two is actually only 0.4 miles.HOTEL AND TICKET HOLIDAY PACKAGES / SPA BREAKS / GOLF BREAKS / THEME PARK BREAKS / SPECIAL OFFERSHotel and ticket packages available for sporting events, music concerts, cultural breaks, Spa breaks, Golf breaks, theme park breaks and special events.WIMBLEDON TENNIS FORTNIGHT 25TH JUNE > 8TH JULY>>>HOTELS NEAR WIMBLEDON TENNIS CHAMPIONSHIPSSPECIAL EVENT: Murder mystery package at a top London Hotel.MUSIC EVENT: Billy Joel live in Birmingham during JulyTHEME PARK BREAK: Alton Towers theme park break hotel and ticket packages.PACKAGES: London Pass: Free admission for London Attractions.EUROPEAN RAIL TRAVEL: One stop shop for Europe wide train tickets and London + Rail ticket packagesOPEN TOP BUS RIDE: Take a tour of London with the Big Bus Company>>> FOR COMPLETE LISTINGS AND FULL DETAILS OF ALL EVENTS, OFFERS, THEATRE BREAKS AND PACKAGES CLICK HERE .HOTELS in LONDON - REVIEWSPlease help us to help others. If you have previously stayed in a hotel in London please take the time to post a quick review to help others choose a suitable hotel. We can only post reviews for London accommodation.WRITE A LONDON HOTEL REVIEW>>>>SEE TOP RATED HOTELS BY CUSTOMER REVIEW>>>>>>HIGHEST RATED HOTEL BY CUSTOMER REVIEW ON THIS WEBSITE<<<WYNDHAM CHELSEA HARBOUR 5 STARAverage Customer Rating: 10/10 (3 reviews) From Central London: 3.1 milesChelsea Harbour, London, SW10 OXGLocation: Chelsea/ Fulham/ WandsworthOverlooks the marina in Chelsea Harbour. 160 suites, all with a two room configuration, made up of 6 Penthouse suites, 132 King bedded suites and 28 twin bedded suites. 2 suites with facilities for disabled.

London Hotels

Milesfaster.co.uk are specialists for hotels in London, UK. Whether you are looking for a broad choice of accommodation, or looking to make a reservation in a particular area, near a London airport, in a particular postcode or close to a landmark we have a section of the website for you. Book online or by phone. If your looking for a cheap hotel why not try the most popular areas for budget class (1, 2, 3 star) accommodation, Bayswater, Paddington, Pimlico/Victoria SW1 and Earls Court. For hotels in the upper to luxury class (4, 5 star) try accommodation around Mayfair W1 and St James's SW1. To get a feel of what to expect in London why not visit our images gallery where you will find pictures not available on any other website.HOTEL NEWSConrad Hotel now becomes the Wyndham Chelsea HarbourGreat Eastern Hotel to become London's first 'Andaz' branded hotel. This is the luxury section of the Hyatt chain.Lanesborough offers free unlimited landline phone calls.Holiday Inn to take over the Marriott Courtyard hotels.Regent Palace Hotel shuts for good.Ramada Heathrow shut for total rebuildPétrus restaurant at The Berkeley Hotel gains second Michelin StarCENTRAL LONDON: CHARING CROSS?Officially the centre of London is taken as Charing Cross Station. However as far as the tourist heart of the capital is concerned its really on the South East side of the central areas. For the purposes of measuring distances on this website we use Piccadilly Circus as the point of reference as we believe in the real world it represents the central tourist heart of London for most people. The distance between the two is actually only 0.4 miles.HOTEL AND TICKET HOLIDAY PACKAGES / SPA BREAKS / GOLF BREAKS / THEME PARK BREAKS / SPECIAL OFFERSHotel and ticket packages available for sporting events, music concerts, cultural breaks, Spa breaks, Golf breaks, theme park breaks and special events.WIMBLEDON TENNIS FORTNIGHT 25TH JUNE > 8TH JULY>>>HOTELS NEAR WIMBLEDON TENNIS CHAMPIONSHIPSSPECIAL EVENT: Murder mystery package at a top London Hotel.MUSIC EVENT: Billy Joel live in Birmingham during JulyTHEME PARK BREAK: Alton Towers theme park break hotel and ticket packages.PACKAGES: London Pass: Free admission for London Attractions.EUROPEAN RAIL TRAVEL: One stop shop for Europe wide train tickets and London + Rail ticket packagesOPEN TOP BUS RIDE: Take a tour of London with the Big Bus Company>>> FOR COMPLETE LISTINGS AND FULL DETAILS OF ALL EVENTS, OFFERS, THEATRE BREAKS AND PACKAGES CLICK HERE .HOTELS in LONDON - REVIEWSPlease help us to help others. If you have previously stayed in a hotel in London please take the time to post a quick review to help others choose a suitable hotel. We can only post reviews for London accommodation.WRITE A LONDON HOTEL REVIEW>>>>SEE TOP RATED HOTELS BY CUSTOMER REVIEW>>>>>>HIGHEST RATED HOTEL BY CUSTOMER REVIEW ON THIS WEBSITE<<<WYNDHAM CHELSEA HARBOUR 5 STARAverage Customer Rating: 10/10 (3 reviews) From Central London: 3.1 milesChelsea Harbour, London, SW10 OXGLocation: Chelsea/ Fulham/ WandsworthOverlooks the marina in Chelsea Harbour. 160 suites, all with a two room configuration, made up of 6 Penthouse suites, 132 King bedded suites and 28 twin bedded suites. 2 suites with facilities for disabled.

trading

European shares rallied in early trade on Tuesday after a strong performance on Wall Street overnight, while rising crude oil prices boosted shares of energy companies such as BP and Total.At 0711 GMT The pan-European FTSEurofirst 300 index rose 0.7 percent to 1,610.41 points, mirroring sharp gains on the U.S. stock market on Monday.Brent crude futures held just shy of ten-month highs above $72 a barrel ahead of a possible drop in the U.S. crude stockpile, boosting BP and Total shares by 0.8 percent."The oil price is triggering ... concern as we are now well above the $70 a barrel level and, granted, could even advance to $74 a barrel and I doubt that can be passed by without being noticed," said Heino Ruland, a strategist at German brokerage Steubing.The biggest percentage gainer was German industrial group MAN, whose shares shot up 3.4 percent following an upgrade from Goldman Sachs, traders said.In other European markets, London's FTSE 100 index rose 0.5 percent, while Frankfurt's DAX added 0.9 percent and Paris' CAC 40 gained 0.8 percent.One of the biggest negative weights on the broader market was German software company SAP, which fell 0.6 percent after admitting "inappropriate downloads" of documents from U.S. rival Oracle by its TomorrowNow unit.Meanwhile shares in French food group Danone were suspended in early trade ahead of an expected statement.Danone shares rose as much as 3.1 percent on Monday as a source familiar with the matter and media reports said the company was looking to sell its biscuit unit.

economics stats

Analysts Recommendations:These analysts would appear to be doing the investment world a great service by giving ratings on different stocks. In fact, these analysts often have hidden agendas that the average investor is not aware of. Ever notice how analysts issue buy recommendations when a stock is at its all time high and sell recommendations when stocks are at their all time low?Money Management:One of the important things to learn about investing is how to manage risk. Anyone who has no respect for risk is on the road to complete financial disaster. You often hear these great stories about the guy who turned a small amount of money into a million dollars. But what you don't hear is that, years down the road, these same people are often wiped out as a result of not respecting the risks that go with investing. Learning how to pick investments that can appreciate in both good and bad times is the key to successful investing. Keep your reward-to-risk ratio at a minimum of 2:1, and preferably 3:1 or higher. In other words, if you are risking 1 point on each trade, you should be making, on average, at least 2 points.NO CRUSHING DEBT!I have seen it a million times, an investor sees a once great company trading at what appears to be a bargain price, so he buys the stock. The company is often very well known, such as At&T, AOL, Kmart, Xerox, Lucent and Tyco, and it may even still be growing both earnings and revenue.But these are companies that are at risk, and they will have to continue to sell off assets just to stay afloat. And don't expect them to get anywhere near the market value in a distress sale. And, even worse, in bankruptcy these assets go for only 20 cents on the dollar. After a bankruptcy, typically all common shareholders receive nothing and ownership of the company goes to the debt holders. The debt holders can decide either to sell off assets to repay debt or to take the company public again.If you can add 1+2=3 then you should be able to read a balance sheet. And it doesn't hurt to check the SEC reports such as the 10-Q. The fact is that no company with zero debt has ever gone bankrupt.The general rule we like to use is to buy stocks that have their interest expense to income ratio at less than 25%.IPO's:Start investing in IPO's after they begin to trade and you will be able to count the days till you are done doing that! IPO's can start trading anywhere from 20% to 400% up on their first day of trading and go straight downhill from there until they bottom out. About 75% of all IPO's are trading below their IPO price one year after trading.Low Priced Stock Myths:Low priced stocks are not better value than high priced stocks, and they don't go up any faster than high priced stocks. Even in these days of free information, there is still a feeling that if you buy a stock that is trading at $5 a share, you have more upside potential than you would with a stock trading at $65 a share. Even crazier is the feeling that by having more shares, you are better off than by only having a few. In fact, it is only the company's market cap, representing the total value of all shares, that is important when it comes to putting a value on a company.Margin Trading is a Fools Game:The key to successful investing is having available cash to choose the next best investing opportunity that comes along. When you get into debt, you begin to lose your options and get trapped into your original investments. Remember that all stocks can crash, and the odds are, if you are high in margin, you will soon have a margin call in which you could lose 75% of your money. As a general rule, buying stock on margin is bad money management. The fact is that 90% of margins players get margined out.OTC Stocks:OTC or penny stocks defy all logic as they move up mostly on hype instead of actual net profits.1. A pump and dump tactic, in which a group of people front-load the stock, then issue a big newsletter, etc. in which they sell into the rally. After the rally, the stock moves back down almost as fast as it went up.2. Massive PR campaigns which are used to bring awareness to an OTC stock. These campaigns work great for a while but by the time the average investor sees the stock the money runs out as the price starts to head downhill again.Don't try to hit the home run on every pick:Everyone wants to be the one to have their portfolio shoot up 200% in a short amount of time. Fact is, there is no way to achieve this without taking on severe risk. Have you ever heard of "The Tortoise and the Hare"? The rabbit has more speed, but the turtle has more determination, stamina, and consistency. The rabbit may get a fast start, but the turtle wins the race.The Urge to Trade:Emotions work against you in investing and it’s very easy to want constant action. The problem is that great picks don't come along daily. Idle periods are a natural part of business. You should never force yourself you to find stock to invest in, because it may go against you at the worst possible time. You need to be emotionally clean and ready to take on a new investment, rather than get caught in a deteriorating position. As a rule: the more you trade, the more risk you take.All Stocks Can Crash:This is a hard lesson to learn for new investors who ride out a single stock only to see it crash later on. As we have seen recently, even great stocks like Microsoft, Cisco, Citigroup and Home Depot have all crashed. While these stocks are likely to hit their highs again in the future, they, just like any other stock, are bound to crash sometime, no matter how great the company is.

Real money virtual estate

Perhaps you've heard of the land baroness named Anshe Chung. No? Maybe that's because Chung only exists in the virtual reality game Second Life. Chung, or rather, her real-life counterpart, Ailin Graef, has gained attention -- and a BusinessWeek cover -- as the first person to reportedly become a real-world millionaire from her virtual-world business.How'd she do it? By buying, developing and selling virtual real estate. While much of her wealth is still tied up in Second Life's currency, Linden dollars, those can be sold for genuine U.S. dollars. Graef reportedly makes upward of $150,000 annually.Second Life is one of several massively multiplayer online role-playing games that are, literally, their own worlds. Julian Dibbell, author of "Play Money: Or How I Quit My Day Job and Made Millions Trading Virtual Loot," estimates the market for virtual items across games such as Second Life and Ultima Online has hit the $1 billion mark. "I think it's safe to say that it's at least $1 billion now," he says.Such numbers -- along with success stories like Graef's -- show there's real scratch to be made from online dirt. But just how much depends on a number of factors, of which only a handful are under your control. Here's how the virtual real estate game is played.