The current economic recession has led to unemployment, house repossession and general lowering of workers standard of living, but it is not all doom and gloom. "The 100 richest people on the planet added $12.7 billion to their collective net worth this week after worse-than-forecast corporate earnings in the U.S. wiped out most of the gains global stocks had posted earlier in the week. Mexican Carlos Slim, 72, increased his fortune $1.8 billion after Telmex, the land-line unit of his Mexico City-based telecommunications company America Movil (AMXL) SAB, said on Wednesday it will begin offering high-speed Internet service without binding it with a phone line package. Slim remains the world's richest person with a $77.6 billion fortune, according to the Bloomberg Billionaires Index." (Bloomberg, 19 October) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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