#Top 10 Richest Companies In The World

[anastasiabowe]

𝙍𝙄𝘾𝙃 𝙂𝙀𝙉𝙏𝙇𝙀𝙈𝘼𝙉 — As a broke college student, it’s not wrong to want a rich boyfriend! That doesn’t mean you’re a gold digger, or will stoop so low you will ruin your worth, it just means you want a man who will take care of you, and guess what? You found him.

note: this will be a 3 part series! First one I’ve ever made and may be my last! So please not too much on these writings! Luv you!

𝙋𝘼𝙍𝙏 𝙄 𝙋𝘼𝙍𝙏 𝙄𝙄 𝙋𝘼𝙍𝙏 𝙄𝙄𝙄

Content Warnings: language, suggestive content

Nanami is a man of morals. He usually keeps his hands and eyes to himself, he holds the door for anyone, women especially, he respects boundaries, and if anything that causes him to think inappropriately he will kindly excuse himself to make sure he doesn’t seem like a creep. But Nanami is just like any man.

Nanami longs for a lover, a wife. He desires children, a family. But in this cruel, sick world, he can’t find a woman who wants him for him. Nanami is one of the top 10 richest men on the planet, he not including himself, but his company in that title.

Every woman he has attempted to date tries to put on their best “I love you for your heart not your money!” act, but it slips the second they tell him “oh no! I forgot my wallet!”

Nanami knows every trick in the book, he knows the look women give him when they are impressed by his wealth, he knows the lip biting they do to show interest in his looks, he knows the voice and excuses they say to make him fall down to their feet, which he never once has done nor will do. He knows it all. So dating people that have seen him before he’s met them makes it all the more boring.

So, when Nanami’s friend, Haibara introduced him to dating apps, he obviously was shook.

“You really had no idea there were dating apps?” Haibara blankly looked at him. Nanami bit his thumb in uncertainty.

He grumbled a little “no.” And his friend smiled. “Then sign up! What can you lose? They don’t have to know what you look like.”

Nanami hated that idea. “No, I want them to know who I am.” His firm voice erased that idea completely from his friends plan.

“Well, 80% of this world knows who you are, that wish you want isn’t going to happen.” Nanami sighed knowingly, just tired from his sad lonely life.

“Haibara, thank you for this..” Nanami thought carefully of his words. “Great discovery, but I think it’s best you head home and I sleep on it.” Haibara understood, and firmly grabbed Nanami’s shoulder on his way out.

“You’ll find her, I know you will.” Nanami placed his hand firmly on Haibara’s in a thank you, and Haibara left.

After Nanami heard Haibara leave, he hurriedly sat down on his couch and opened the dating site.

“RICHTON THE DATING APP FOR THE WEALTHY!”

Nanami quickly laughed at the cringe advertisement, but it was a popular app, so something was working.

Nanami put in his information and had to choose which photos to put on his profile. He chose the first decent ones he could find, not caring too much about perfection, and he was brought up with the interests slide.

He clicked three random ones and pressed continue. The app asked to use his camera to verify his age and photos. Nanami positioned the camera to where it said to and he was verified. The app welcomed him to a very ugly woman.

Nanami had skipped the tutorial at the beginning and just swiped towards the X like he has seen on TV. This app was the definition of a gold diggers dream. Rich men pay to speak with women that aren’t even all that.

Nanami swiped and swiped towards the x. No woman looked like a decent women. They all looked like they seduce men or are prostitutes, maybe both. Nanami frowned seeing all the half naked women.

“Should I really be on this app?” He thought to himself. He continued to swipe, heart sinking each swipe to the left seeing women who don’t know their worth. Ass in the camera more than their face just to get a quick buck. Nanami swiped one more time ready to turn his phone off, and his thumb froze.

A girl with straight hair smiling in what seems to be senior photo. She was in a white summer dress posing in a daisy field. The beach was calm behind her and he couldn’t help but stare at her smile. She seemed so pure, so innocent and that was exactly what he was looking for. He swiped right on her profile and it opened up a message saying:

“YOUR FIRST MATCH! SEND HER A MESSAGE WITH THE AMOUNT YOU WOULD LIKE TO SEND!”

Nanami saw a text box and a drop box. The drop box has let Nanami type in the amount he would like to send. The minimum was 5 dollars. He typed in $100 and pressed on the text box.

His thumbs again froze. What should he say? Should he compliment her? Introduce himself? Nanami combined them. He typed.

“Hello, my name is Kento and I couldn’t help but be in absolute awe seeing your photos. You are absolutely beautiful.” He sent it without looking back, this was already hard enough.

Nearly instantly you saw his message and typed.

Y: “Oh my god, you did NOT have to send that much money!”

He imagined your voice as he read your message. He chuckled to himself like a madman and he started typing back.

N: “I wanted to, you are so beautiful, I couldn’t help myself.”

He nervously tapped his thumbs on the side of his phone waiting for your response.

Y: “I really do appreciate the compliment but $100 is too much, I can’t accept that!”

N: “Too late, I want you to have it, I want to talk to you.”

Y: “You can’t talk to me for free!”

N: “That’s not how this app works..?” Nanami was confused.

Y: “Oh, right.. I forgot you have to pay to chat.”

N: “Please don’t be alarmed by the money, I’m not running out anytime soon😂”

Nanami cringed at himself for using such an emoji, but he wanted you to feel at ease.

Y: “Thank you, you really didn’t have to though. I won’t stop saying that.”

N: “Then let’s change the subject. Why are you on this app?”

You saw his message but didn’t text back. Did he ask a triggering question? You soon started typing, and his nerves came back.

Y: “You know, a broke college student who needs a little extra cash😅”

He chuckled, for a girl who didn’t want a hundred bucks, that’s sure what she was looking for.

N: “Haha, so you won’t mind if I send more?”

Y: “Don’t send more! I’m not that broke😭”

Nanami smiled. He smiled as if you were really there. He imagined having this conversation with you and how hard you would make him laugh with your silly remarks.

N: “Don’t worry, I won’t 😂, but it’s not like you’re going to stop me.”

Y: “I’ll send it back😜✌🏾”

N: “I’ll send it back!”

Y: “And I’ll send it again, it will be a whole thing if you make it💀”

The fact you both were arguing over money is crazy, Nanami never argued with a woman about sending them money. They usually do a “oh no you don’t have to do that!” But will eventually accept. You on the other hand are just outright refusing. Nanami is now intrigued by you.

N: “If you won’t accept my money via here, how about dinner? I’ll pay, and I won’t argue about it when we get there.”

You again took your time typing, very obvious you are unsure.

Y: “Okay… but where are you tryna take me?”

N: “I was thinking…. Hermes?”

Y: “You’re joking!”

N: “What?”

Y: “I can’t afford that!”

N: “You’re not paying.”

Y: “Still, I can’t make you pay for that!”

N: “I want to pay for it, I eat there all the time.”

Y: “Not for two☹️”

N: “I’ve paid for 10.”

Y:“Kento..”

N: “Y/n, please. I want to meet you. You intrigue me, I’ve never met someone like you. I don’t want to seem like a begged, nor do I want to pressure you, but I would love to meet you and enjoy a nice dinner with you.”

Nanami felt desperate even though he just met you not even an hour ago.

The long response time again happened, and Nanami felt like he blew it. The once time he felt like he actually found someone worth the time, he blew it.

Y: “Okay.”

Nanami’s heart fluttered seeing your message.

N: “You will have dinner with me?”

Y: “Yes! I’ll have dinner with you😂”

Nanami felt like a little boy again. He hadn’t felt this excited to ask a girl out since never and it felt good.

N: “How does tomorrow sound? I know that’s soon, but it’s the only day my schedule isn’t busy.”

Y: “Yeah, tomorrow would be great!”

N: “Alright, I’ll see you then!”

Y: “See you!”

+

The next day Nanami felt different. His head was somewhere else, somewhere lighter, happier. He felt… excited? He wasn’t sure, he hasn’t felt this way until his first client offered him half a million dollars as he started his journey in this company.

Nanami played more upbeat music, very different from his normal taste, and he swayed and stepped with every beat to the song as he ironed his clothes. He had opened windows and instead of wincing from the sun hitting his eyes, he smiled.

“What a beautiful morning.” He thought to himself. Nanami must have been in a different place that he didn’t even know was so negative until now. He was looking forward to a dinner with someone. He hasn’t felt that way in years and he just wishes he could meet you right then and there.

Nanami nearly put on his freshly ironed clothes and grabbed his briefcase and blazer. He locked his garage door and headed straight to his black Porsche that he usually doesn’t drive, but today, why not?

Nanami drove to work with a smile on his face. Haibara greeted Nanami as he stepped out of his car and a valet stepped in for him.

“Good morning.” Nanami smiled and Haibara walked beside him.

“Good morning…” Haibara stared at Nanami’s face.

“Did something happen?”

“What do you mean?”

“Did you win the lottery? What’s got you so happy?”

“Haibara.” Nanami stopped and turned towards his friend, “Thank you.”

Haibara wanted to laugh, he didn’t even do anything, right?

“for what” Nanami smiled at Haibara.

“For showing me that ‘app’. I’m going to meet someone for dinner tonight.” Haibara smiled at Nanami.

“That’s great, Kento! What’s her name?”

“Y/n.”

“Hm, is she pretty?”

“Beautiful.”

“Is she rich?”

“Eh..”

“Is she young?”

“Kind of.”

“What do you mean by ‘kind of?”

“She’s… 20..” Nanami purses his lips waiting for Haibara’s reaction.

“20?!” His eyes were wide and he laughed. “You’re 34!”

“She’s very aware of my age.” Nanami said not amused by his friends reaction.

“I mean, hey, if a woman 14 years older than me asked me out, and she was hot, I’d go out worth her too.” Haibara threw his hands up in a ‘what can I say’ pose and Nanami rolled his eyes.

“We meet at 6, so I just need to get through today.” Nanami said more to himself. The happy facade started to break, and he felt the butterflies pool in his stomach.

He was nervous. He hasn’t been on a date with someone he actually wants to meet in over 10 years. He doesn’t remember how to be charismatic, he doesn’t remember how to be enticing and interesting. Work has been the only topic that’s been keeping his conversations alive. He doesn’t talk to anyone about anything personally other than Haibara and that is hard enough.

Haibara saw Nanami. He knew Nanami for nearly 6 years and this was the look of nervousness. He’s seen it countless times, but that’s only because he knows him. He can tell from the slight twitch in his jaw and the subtle fidgeting with his hands.

“Come on Nanami, let’s go to my office.” Nanami nodded and followed Haibara.

+

In Haibaras office, he gave Nanami tips.

“Now I have met countless women. Hard to believe, I know, and I know how to get them wanting more.” Nanami cringed at the thought of his good friend seducing women.

“I’m not trying to get anything from her, I just want to hold a conversation and hopefully get to know her more.”

“Alright, I got you.” Haibara walked over to his whiteboard and wrote “NANAMI’S FIRST DATE”

“This isn’t my first date, Haibara.”

“I know, but you’re acting like it is.”

Nanami nodded in agreement, and Haibara clapped his hands together.

“I have cancelled all meeting that require you to be there, and will have your secretary fill in for the ones that don’t. We have all day to get you ready for your date, alright?”

“Ok.” Nanami replied. Nanami felt silly sitting in the chair and listening to his younger friend teach him how to act right on a date. Nanami usually lets the women talk since he usually doesn’t care too much about them. He usually just lets his colleagues recommend a woman and set up a date. Nanami regrets every single dollar he wasted on the money thirsty women. But he wants to try with you. He wants to talk to you and let you talk. He wants to actually get to know you, maybe even go on more dates and hang out.

“Ok, first step. Do NOT let them talk the whole time. Even if they ramble, try and have a mutual conversation. Sometimes when they ramble, they think it’s because you aren’t interested and they will want to make sure you're still intrested” Haibara took in a huge breath, “OR they are nervous.”

Nanami nodded.

“You just have to read their body language.”

“Well, how will I know if they are nervous or not?”

“You’ll know. If they look around when talking, when they cover their face when talking, when they hold their hands in their lap, if they look tense, come on, you know what nervous looks like.”

Nanami nodded again.

“Use your words, this is practice. Don’t just nod your head,” Haibara mocked him by aggressively nodding his head “say things like ‘I agree’ or ‘I’m listening’ or ask them about whatever they’re talking about so they know you’re listening.”

“Okay.”

“And don’t just say ‘okay’.” Haibara mocked again. “Try and be more creative! Let’s practice.”

Haibara sat down in his seat and tried his best to look more feminine.

“So yeah, me and my friends went mini golfing and I didn’t know what to do so I just sat and watched them play.”

Nanami sat there. What did Haibara want him to say? Haibara looked at him, waiting for a response.

“Oh, well that is very sad.” Nanami said unsure. Haibara sighed and rolled his eyes.

“Yep, might as well pay the bill and leave.” Nanami sat there dumbfounded. What was he supposed to say?

“What should I have said instead?”

“Nanami, I can’t tell you what to say, but that would have sent her home crying. You sounded like you didn’t care. You should say something along the lines of ‘did you ever end up knowing how to play mini golf?’ That will at least let her know you’re listening.” Haibara stood up and sighed.

“We have a lot of work to do.”

+

After many hours of preparing, Nanami’s watch chimed. It was 5:30 and he needed to head home and change.

“Thank you Haibara, this was very helpful.” Nanami shook his friends hand and headed towards the front of the office.

“Don’t try too hard! Just let it come out naturally!” Haibara cakes out to Nanami. Nanami smiled back at his friend and Haibara sighed.

“Please don’t screw this up.”

[teriri-sayes]

Reactions to The Unknown's Chapter 352

Brief summary: Group arrives at Earth 3's Sun God's temple. They meet a Sun God follower who briefs them with the current situation.

===========

Okay, I've accepted it. We really are in the New World arc now. Or should I call it the Earth 3 arc? Because it seems like it will not only be New World that is the stage. We'll be delving into the politics of presidential elections!

The group arrived at the temple of Sun God in Earth 3. They were greeted by Choi Seon Hee, a follower of the Sun God, and the CEO of Sun Corporation, Ltd. The Sun God had asked her to treat Alberu with respect, but Alberu pointed to Cale as their leader.

To summarize the info dump:

The temple was called the "Sun Building", a 25-floor building privately owned by the Sun God.

Sun Building served as an "adaptation place" for otherworlders.

The Sun God church owned Sun Corporation, Ltd., which was an investment company.

Sun Corporation, Ltd. was not much known to the public, but well-known to investors and the like.

Sun God was the largest shareholder of Sun Corporation, Ltd.

Choi Seon Hee was its CEO, but also the manager of the Sun God's personal assets.

Sun God was rich, her personal wealth alone made her one of the Top 10 richest person in the world.

Sun Corporation, Ltd. owned several tall buildings in the prime land of Roan's capital, and had enough wealth to not use those buildings and leave it all empty.

A president in Roan could have 4 terms.

Ahn Roh Man was a beloved president, and was running for reelection for his 4th term.

But public wanted change, especially when the honorary chairman of Transparent Co., Ltd. announced their intent to run for president a month ago, leading to a sharp decline of Ahn Roh Man's chance of being reelected.

In short, Sun God was really rich. And this led to Cale praising the Sun God, with GoD grumbling in the background. 🤣🤣🤣

Alberu and Rosalyn were understandably fascinated by the modern technology of Earth 3. But Cale, Alberu, and Rosalyn were also planning to join the political scene in Roan, perhaps to help Ahn Roh Man secure his 4th term as the president, by using the Sun God's massive wealth.

There was also GoD's comment that the Earth 3 world ignored his calls, making Cale and Alberu suspect that Earth 3 had allied with GoC and the hunters.

And how was Choi Seon Hee related to the Chois? Was her family the Earth 3 equivalent of the Choi family? Was that why CJG could easily use the Sun Building's portal to cross worlds when he stole Taerang back then?

Ending Remarks This was an introduction to Earth 3, so we got an info dump. Next chapter would be a reveal of Cale's plans in Earth 3.

[goldenquillarchive]

Love me out loud

a Idol!Kim and Bodyguard!Kenta au!

↓ Infos and Facts 1

North and Kim are cousins.

Kim and Sonic befriended eachother in Kindergarten, Kim then introduced Sonic to North and the three of them were inseparable.

Kim moved to Korea when he was 19 years to become a Trainee, which resulted in North and Sonic becoming a closer duo

North and Sonic are roommates and have a Official BABE fanpage together, which is the biggest babe fanpage there is, they're both Influencers.

Sonic is a part-time stylist.

Kenta moved from Japan to Thailand when he was 5 years old.

Kenta and Pete are close Childhood friends.

Kenta was in the Army for several years until he got a Shoulder Injury and couldn't go back.

Babe was born and grew up in New Zealand, and moved to Thailand with his family when he was 12. He became a Trainee with 16 and Debuted when he was 20.

Babe is currently Shooting a BL series called X-Hunter: racing hearts, in which he plays a couple with his reallife best friend, Way.

Babe has been dating Charlie for 2 years.

Charlie has been a Trainee for 3 years and is about to debut as a Solo Artist.

Charlie and Jeff are Biological Brothers

Charlie studied Mediadesign and Performing Arts before he became a Trainee.

Jeff started writing Fanfics and BLs when he was 14

when he was 20 he wrote a BL Novel called X-Hunter, it now has over 6 parts and is now being made into a BL Series.

Alan has been working for Beyond Ent. since he was 25.

He's Babes and Phayus Manager.

He's an overall Uncle to everyone in the company.

He was Married to a woman but got divorced at 28, he hasn't been in a relationship since (because babe is robbing his last nerve).

Pete took over Beyond Inc when he was 24, making him the youngest CEO of an Entertainment Company in the world.

He's engaged to Way.

Pete always makes sure his Artists and Staff are comfortable and doing well, he believes firmly in letting his Artists have their creative freedom.

Pete is in the top 10 Richest Men of Thailand.

Way has been an actor since he was 16, he signed with Beyond Ent. when he was 23

Way and Pete have been dating for 4 years, making Way 25 and Pete 31 when they started dating.

Way and Babe have been Best friends since Highschool.

Way is one of Thailands Mist popular young Actors.

This is a piece of FICTION, based on FICTIONAL characters and Headcanons.

None of it is to be taken seriously, this is just for fun.

Almost None of it is Canon, Confirmed or real, expect the ships and personalities.

→ Masterlist

→ Info and Facts 2

[tomorrowusa]

Corporations pay their CEOs extravagantly while trying to cheat on taxes.

It would be one thing if, alongside the exorbitant executive pay, the quality of American CEO-ing was going up. But these executives are making off with bigger bags of boodle despite their persistent incompetence: Media executives keep running their businesses into the ground, tech firms are laying people off because of vibes, the planes keep nearly crashing, and examples of insane eye-popping greed—like Rite-Aid’s decision to claw back severance paid out to laid-off workers on the same day they handed their CEO a $20 million bonus—keep on coming. So it may come as no surprise that there’s a robust connection between the overindulged CEOs and the firms that are most flagrantly dodging their fair share of taxes. For a report released Wednesday, the Institute for Policy Studies teamed up with Americans for Tax Fairness to spelunk into the balance sheets at some of America’s best-known tax scofflaws between 2018 and 2022. What they found was pretty consistent: The firms took home high profits and lavished their top executives with exorbitant pay, all while stiffing Uncle Sam. The excess is stunning. “For over half (35) of these corporations,” the study reports, “their payouts to top corporate brass over that entire span exceeded their net tax payments.” An additional 29 firms managed this feat for “at least two of the five years in the study period.” Eighteen firms paid a grand total of zero dollars during that five-year span, 17 of which were given tax refunds. All in all, the 64 companies in the report “posted cumulative pre-tax domestic profits of $657 billion” during the study period, but “paid an average effective federal tax rate of just 2.8 percent (the statutory rate is 21 percent) while paying their executives over $15 billion.” Which firms are the worst of the worst? You can probably guess the company that tops the list because it’s the one run by The New Republic’s 2023 Scoundrel of the Year. During the five years of the study, Tesla took home $4.4 billion in profits as CEO Elon Musk carted off $2.28 billion in stock options, which, since his 2018 payday, have ballooned to nearly $56 billion—a compensation plan so outlandish that the Delaware Court of Chancery canceled it. Tesla has, during that same period of time, paid an effective tax rate of zero percent through a combination of carrying forward losses from unprofitable years and good old-fashioned offshore tax dodging.

Elon Musk is either the world's richest or second richest person. But he still wants more. Give him credit for pathological greed.

In all fairness, Musk is not alone when it comes to enriching himself while screwing workers.

What sort of innovations have these CEOs wrought from this well-remunerated period? T-Mobile’s Mike Sievert presided over the Sprint merger that led to $23.6 million in stock buybacks and 5,000 layoffs. Netflix’s Reed Hastings poured $15 billion in profit into jacking up subscription rates. Nextera Energy has devoted $10 million in dark money in a “ghost candidate scheme” to thwart climate change candidates. Darden Restaurants has been fighting efforts to raise the minimum wage. Metlife has been diverting government money meant to fund low-cost housing into other, unrelated buckraking ventures. And some First Energy executives from the study period are embroiled in a corruption scandal that’s so massive that even Musk might find it to be beyond the pale.

These oligarchs are going to spend lavishly to elect Republicans who would give them even bigger tax breaks.

Fortunately, they can't literally buy votes. If we return to old school grassroots precinct work then we can thwart the MAGA Republican puppets of billionaire oligarchs.

One to one contact is a more important factor than TV or online ads in convincing people to vote your way. It takes more effort, but democracy was not built by slacktivism in the first place.

[beardedmrbean]

It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen.

Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years.

It's a rare verdict - she is one of very few women in Vietnam to be sentenced to death for a white collar crime.

The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court's way of trying to encourage her to return some of the missing billions.

The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.

The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.

All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan's husband and niece received jail terms of nine and 17 years respectively.

"There has never been a show trial like this, I think, in the communist era," says David Brown, a retired US state department official with long experience in Vietnam. "There has certainly been nothing on this scale."

The trial was the most dramatic chapter so far in the "Blazing Furnaces" anti-corruption campaign led by the Communist Party Secretary-General, Nguyen Phu Trong.

A conservative ideologue steeped in Marxist theory, Nguyen Phu Trong believes that popular anger over untamed corruption poses an existential threat to the Communist Party's monopoly on power. He began the campaign in earnest in 2016 after out-manoeuvring the then pro-business prime minister to retain the top job in the party.

The campaign has seen two presidents and two deputy prime ministers forced to resign, and hundreds of officials disciplined or jailed. Now one of the country's richest women has joined their ranks.

Truong My Lan comes from a Sino-Vietnamese family in Ho Chi Minh City, formerly Saigon. It has long been the commercial engine of the Vietnamese economy, dating well back to its days as the anti-communist capital of South Vietnam, with a large, ethnic Chinese community.

She started as a market stall vendor, selling cosmetics with her mother, but began buying land and property after the Communist Party ushered in a period of economic reform, known as Doi Moi, in 1986. By the 1990s, she owned a large portfolio of hotels and restaurants.

Although Vietnam is best known outside the country for its fast-growing manufacturing sector, as an alternative supply chain to China, most wealthy Vietnamese made their money developing and speculating in property.

All land is officially state-owned. Getting access to it often relies on personal relationships with state officials. Corruption escalated as the economy grew, and became endemic.

By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.

Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.

They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

The amounts taken out are staggering. Her loans made up 93% of all the bank's lending.

Vietnam secret document warns of 'hostile forces'

US denies Cold War with China in historic Vietnam visit

The country where Kissinger left a legacy of death and chaos

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.

She was also accused of bribing generously to ensure her loans were never scrutinised. A former chief inspector at the central bank was given a life sentence for accepting a $5m bribe.

The mass of officially sanctioned publicity about the case channelled public anger over corruption against Truong My Lan, whose fatigued, unmade-up appearance in court was in stark contrast to the glamorous publicity photos people had seen of her in the past.

But questions are also being asked about why she was able to keep on with the alleged fraud for so long.

"I am puzzled," says Le Hong Hiep who runs the Vietnam Studies Programme at the ISEAS - Yusof Ishak Institute in Singapore.

"Because it wasn't a secret. It was well known in the market that Truong My Lan and her Van Thinh Phat group were using SCB as their own piggy bank to fund the mass acquisition of real estate in the most prime locations.

"It was obvious that she had to get the money from somewhere. But then it is such a common practice. SCB is not the only bank that is used like this. So perhaps the government lost sight because there are so many similar cases in the market."

David Brown believes she was protected by powerful figures who have dominated business and politics in Ho Chi Minh City for decades. And he sees a bigger factor in play in the way this trial is being run: a bid to reassert the authority of the Communist Party over the free-wheeling business culture of the south.

"What Nguyen Phu Trong and his allies in the party are trying to do is to regain control of Saigon, or at least stop it from slipping away.

"Up until 2016 the party in Hanoi pretty much let this Sino-Vietnamese mafia run the place. They would make all the right noises that local communist leaders are supposed to make, but at the same time they were milking the city for a substantial cut of the money that was being made down there."

At 79 years old, party chief Nguyen Phu Trong is in shaky health, and will almost certainly have to retire at the next Communist Party Congress in 2026, when new leaders will be chosen.

He has been one of the longest-serving and most consequential secretary-generals, restoring the authority of the party's conservative wing to a level not seen since the reforms of the 1980s. He clearly does not want to risk permitting enough openness to undermine the party's hold on political power.

But he is trapped in a contradiction. Under his leadership the party has set an ambitious goal of reaching rich country status by 2045, with a technology and knowledge-based economy. This is what is driving the ever-closer partnership with the United States.

Yet faster growth in Vietnam almost inevitably means more corruption. Fight corruption too much, and you risk extinguishing a lot of economic activity. Already there are complaints that bureaucracy has slowed down, as officials shy away from decisions which might implicate them in a corruption case.

"That's the paradox," says Le Hong Hiep. "Their growth model has been reliant on corrupt practices for so long. Corruption has been the grease that that kept the machinery working. If they stop the grease, things may not work any more."

[rjzimmerman]

Excerpt from this story from Truthout:

he top 10 asset management firms now control $50 trillion of global wealth. They answer to no one but the ultrarich — the 0.05 percent — whose fortunes they continue to expand. The rest of us pay the price. Investing in everything from fossil fuel companies to private prisons to weapons manufacturers, they provide the economic lifeblood for some of the most destructive forces in the world. This not only undermines democracy, but imperils our very survival.

In his new book out this September, Titans of Capital: How Concentrated Wealth Threatens Humanity (The Censored Press & Seven Stories Press), Peter Phillips takes us deep into the world of these transnational asset management firms and the people who run them: the “Titans.” He shows how they constitute a new global elite who wield nearly unchecked power.

Peter Handel: Your new book, Titans of Capital, is a follow-up to your book, Giants: The Global Elite, which was published in 2018. Why did you feel the need to build on this earlier work?

Peter Phillips: Titans of Capital updates and expands Giants. Giants identified the 199 directors of the world’s 17 top asset-management companies, which between them managed more than $41.1 trillion in wealth. Now, five years later, in Titans of Capital, I examine the ongoing rapid concentration of global capital and how fewer and larger companies now manage the excess financial wealth for the 0.05 percent, the richest people in the world.

The number of trillion and multitrillion-dollar capital investment management companies has nearly doubled from 17 in 2017 to 31 in 2022, now collectively managing over $83 trillion. These firms hold the core of global capital wealth, with the top 10 managing $50 trillion in combined assets.

In tracing the path from Giants to Titans, I show how wealth inequality and power imbalances continue to grow and threaten everything from democracy to the environment to our personal health.

In Titans you don’t talk about the financial elite as an abstract entity. You give us specifics about who they are, what they do and how they operate politically. Who are the Titans and what should we understand about their impact on the world?

The Titans are the individuals who serve on the boards of directors of the 10 largest capital management companies in the world as of 2022: BlackRock, Vanguard Group, UBS Group, Fidelity Investments, State Street, Morgan Stanley, JPMorgan Chase, Amundi, Allianz/PIMCO and Capital Group.

The Titans hold the center of global capital in their hands. Governments, military, intelligence agencies, policy groups, corporate media, and other capitalists consider the Titans’ concentrated wealth to be a special interest that requires constant sociopolitical protection and support.

[readyforevolution]

10 facts about the Yoruba tribe in West Africa.

1) Yoruba are the most educated people in west Africa, and they have the first university and many other first infrastructures like skyscrapers, Media, and others.

2) Yoruba has the highest number of twins not only in West Africa but in the world.

3) Yoruba has the highest number of top-notch celebrities, not only in West Africa but in Africa as a whole.

4) The combined GDP of six Yoruba states is richer than all the countries in west Africa.

5) The Yoruba music and movie industry is the richest and biggest in West Africa.

6) The Yoruba language is the second most widely spoken indigenous language in west Africa and the first most widely spoken language outside the African continent.

7) Yoruba has the highest number of millionaires and billionaires in West Africa.

8) Yoruba won the highest number of local and international awards in West Africa and Africa at large.

9) Yoruba has the highest number of manufacturers and company owners in West Africa.

10) Yoruba women are the most successful in West Africa in all sectors. A Yoruba woman, Alakija, is the richest woman in West Africa and Africa at large.

[earnmoneywithshaan]

Top 5 US Stocks to buy for Long Term | 2023

Hey Everyone . So , Today In this Article We Are Going To Talk About the Top 5 US Stocks For Long Term . The Shares Which I will Tell You Today Are the Best Us Stocks That Will Definitely Gives You Profit . So , Don't Just Invest By Reading My Article , You Can Invest But Try To Gain Some Knowledge about The Company . So Let's Begin The Topic :

TOP 5 US STOCKS TO BUY FOR LONG TERM :

NO 1 . APPLE

NO 2 . AMAZON.COM

NO 3 . TESLA

NO 4 . MICROSOFT CORPORATION

NO 5 . VISA

WHY I PICKED THESE 5 STOCKS ?

APPLE :

The Apple Stock Price Is Continuously Rising . If You will Checks the Last 6 Month Result You Will See That It Has Rise from $159 To $174 Approx $16 Rise In Just Last 6 Month And That's a Good Thing . Apple Stock Price Rises Every Year Because Of Company Value As It Bring Amazing Phone With Amazing Features .

If You See 1 Year Back The Price Of Apple Stock Was $125 And Now Currently It's $174 and Soon It Will Reach $200 . I Recommend you To Invest In This Stock Because it Will Give You a Huge Profit In Future ...

AMAZON.COM :

Everybody Knows Amazon Right ? . So , Currently The Price Of Amazon Is Falling And It's a Great Opportunity To Buy The Stock In Low Price . What You Think Amazon Price will Not Rise ? . As We The Technology Is Rapidly Growing and Everyone Is Busy In Their Life . So , In Future You Will See a Huge Rise in Amazon Stock Because Of The Rise In Population And Everybody Wants The Thing Just by Sitting Instead Of Going Out And Purchasing It ...

So , Currently The Price of Amazon Stock is $129 . If You will See It's Chart To Google You will Find That It's Price is Falling From Last 1 Month . So , I 100% Recommend You To Buy This Stock And In Last 1 Year it Has Rise From $114 to $129 . I know It's Not a Huge Rise in Price But In Future It Will Be On the Top .

TESLA :

Who Don't Know Elon Musk . The Richest Person in the World And the Owner Of Spacex And Tesla . Tesla Stock Price is Falling From Last 20-25 Days . On 18 September 2023 The Stock Price Was $271 And Now It's $241 . What a Huge Fall in Tesla Stock Price . Many People Will Sell It Because the Price Is Falling But The Intelligent Investor's Will Buy It Right Now Because the Price has Fallen .

The Last Year Company Was in Loss And The Share Price Went Down Approx $50 in a Year . See , As You Know The Petrol Cars will Be Getting Banned In Future Because Of So Much Pollution and ELECTRIC CAR OF ELECTRIC VEHICLE Are Launched . So , it's 99% Confirmed that The Price Of Tesla Will Increase In Future .

MICROSOFT CORPORATION :

Microsoft Corporation Is a Huge and Oldest Company And Currently It's Price Is Also Falling From Last 1 Month It Has Fall About $10 in The Last 1 Month . The Current Stock Price is $317 .

But In The Last 6 Months It Has Rise About $40 and It's a Good Rise in Price And In Last 1 Year It Has Rise About $80 . That's a Huge Rise in Price . Imagine This Is The Price Of One Stock And If You Have Hundreds or Thousands of Stocks It Will Make You Rich In Future .

VISA :

The Stock Price Of Visa Is Also Falling From Last 1 Month . It has Fallen About $7 Last Month . The Current Stock Price is $235 And May Be It Will Rise In Future . I am Saying This Because Of It's Company Performance In Last Year . But I Recommend You To Buy It For Atleast 4 - 5 Years . Hold Your Stock For 4 - 5 Year's And Then It Will Give You a Good Profit .

So , These are the Top 5 US Stocks For Long Term . Please Remember We Don't Have Any Exact Information That It Will 100% Rise . We Say This By Analysing The Market And The Performance Of The Company In Last Few Years . So , Invest At Your Risk .

But Yes , According To Our Research We are Sure That in 4 - 5 Year's The Price of These Stocks Will Go Very High .

Thanks For Reading ...

Earn Money With Shaan

[notjustanyannie]

Everyone should know that we’re heading to a climate disaster that can best be modified by immediate actions addressing the causes. But it doesn’t appear that the excessively rich are feeling the heat and stepping up to the plate. Their philanthropic foundations announce commitments to fight climate change but in reality, they are building up endowments to save for the future.

Over $200 billion are sitting in donor-advised funds and over $1.3 trillion in private foundation endowments. Charitable giving to fight climate change, estimated by the ClimateWorks Foundation at $7.5 billion last year, is only 0.5% of the money sitting in private foundations and donor-advised funds–and amounts to about 0.04% of the assets of the ultra-rich.

It is estimated that it could take $3 to 10 trillion (twelve zeroes) per year to avoid climate disaster. Even if they wanted to fix the climate problem, it would require extraordinary collective action for philanthropists to pony up enough money to fix the climate problem. Only governments (funded by taxes on these very ultra-wealthy donors) can effectively do that. In short, the philanthropic investments now being made are necessary but insufficient.

We need to hold the ultra-rich responsible for the role their investments play in worsening the climate crisis, call out their insincere philanthropic efforts aimed at “addressing” climate change, and hold them accountable for paying their fair share of taxes to provide funding for clean energy.

Extreme inequality and wealth concentration undermine humanity’s ability to stop climate breakdown. The richest of the rich play the largest role in driving and accelerating the climate crisis with out-of-control carbon footprints due to extravagant lifestyles, excessive wealth-hoarding, corporate greed, and investments in polluting industries. Poor and middle-class communities who share the least responsibility for the problem will bear the brunt of climate change and suffer the most as shifting weather patterns, destructive storms, floods, wildfires, and heat waves wreak havoc across the globe, with the potential to displace 216 million people from their homes (and countries) by 2050.

According to the most recent data, the world’s top 125 billionaires have “an average of 14% of their investments in polluting industries, such as fossil fuels and materials like cement….Only one billionaire in the sample had investments in a renewable energy company.” When combining the impact from both their investments and lifestyles, carbon emissions exceed 3 million tons per billionaire, about a million times greater than the average person! The same report finds that through campaign contributions and lobbying, the wealthiest among us have an oversized impact on election outcomes and more political power than anyone else to protect their investments and shape climate policies in their favor.

And therein lies the biggest problem: We must have a functioning democracy to address society’s most pressing issues, including climate change–one where an exclusive ruling class doesn’t control our policies. When the government is beholden to the excessively wealthy, backroom deals influence laws and shape the rules without the public’s knowledge or ability to change the outcomes. The only way to limit the power of the excessively wealthy is to stop the hoarding of excessive wealth.

Extremely rich Americans hoard their wealth through tax loopholes and preferential policies enforced by their armies of lawyers, accountants, wealth advisers, and politicians. Four simple tax solutions would address excessive wealth hoarding: a multi-millionaire income tax, a robust wealth tax, closing gaping estate tax loopholes through an estate or inheritance tax, and finally, changes to the tax rules to foster increased, transparent and more equitable charitable giving.

We are facing a collective emergency: to save the planet from–and for–ourselves. The rapidly accelerating climate crisis is a class issue that impacts all of humanity. The reality is that our futures are interconnected with one another–and economic and climate inequality reinforce each other. To develop solutions that slow or solve climate change, we must address the deep-seated conflicts of interest and the systemic inequalities of our unjust wealth system.

Alan Davis is the chairperson of the Excessive Wealth Disorder Institute.

[darthkvznblogs]

How rich is Gabriel Agreste compared to the likes of Tony Stark and Norman Osborn? I imagine all his Hawk Mothing doesn't come cheap.

You'd be right, though I don't think Gabe even breaks into the top 100 richest people in the world. I'd say his fortune is roughly around 3 billion USD, mostly from his place in the fashion industry, but also as a result of being the patent holder for a super-kevlar type material developed by his grandfather for HYDRA, which a subsidiary of Gabriel's company still produces for various governments, paramilitary groups, and law enforcement agencies. Most of his expenses as Hawk Moth actually came before he started his rampage - brute-forcing his way into the magical world, bribing people left and right and purchasing all manner of luxuriously expensive magical items that could potentially cure Emilie. Nowadays, his expenses come in the form of fortifying his manor and the upkeep on Emilie's Winter Soldier-like casket.

Tony's definitely in the top 10 richest people in the world. I'd estimate his fortune to be somewhere around 50 billion USD (and probably over 60 billion before becoming Iron Man, as reorganizing Stark Industries and building himself into a superhero would definitely put a dent in his finances).

Osborn probably used to be in the top 10 as well, but he's been spending billions trying to cure himself for a few years, so he's tumbled down the rankings pretty fast. I'd say he's under 10 billion these days...but you can never count Norman out.

[moneeb0930]

Sarah Rector was an Black American girl who gained national attention in the early 20th century for her remarkable wealth. She was born on March 3, 1902, in Indian Territory, which is now part of Oklahoma, United States. Sarah's parents were Joseph and Rose Rector, who were members of the Muscogee Creek Nation.

In 1907, oil was discovered on the land allotted to the Muscogee Creek Nation as part of the Dawes Act. Sarah's land, which was originally given to her in 1902, turned out to be sitting on top of a significant oil reserve. As a result, at the age of 10, Sarah Rector became one of the wealthiest individuals in the country.

News of Sarah's newfound wealth spread rapidly, and she soon became known as the "Richest Colored Girl in the World" or the "Million Dollar Princess." Her wealth attracted the attention of both the white and black communities, and she was subject to intense media scrutiny.

As a result of her wealth, Sarah Rector received numerous offers from white businessmen and organizations to manage her assets. However, her parents wisely rejected most of these offers and instead chose to maintain control over their daughter's wealth.

Despite her significant wealth, Sarah Rector faced many challenges. She grew up in a time of racial segregation and discrimination, and her wealth only seemed to exacerbate these issues. Some white individuals, envious of her wealth, made false accusations against her family in an attempt to gain control of her fortune. However, Sarah and her family persevered through these hardships.

Sarah Rector's story also drew attention to the issue of land allotments and the exploitation of Native American lands by oil companies. Her case prompted discussions about the rights and benefits owed to Native American tribes whose lands contained valuable resources.

As Sarah grew older, she continued to live a relatively modest lifestyle. She used her wealth to fund her education, purchase property, and support various charities and causes. She married twice and had three sons.

Sarah Rector's fame eventually faded from the public eye, and she lived a relatively quiet life. She passed away on July 22, 1967, at the age of 65.

Sarah Rector's story serves as a testament to the resilience and strength of an Black American girl who overcame adversity and became one of the wealthiest individuals of her time.

[entertainby1]

World's richest film director is worth Rs 60,000 crore, made only six films

By The Web Desk of Entertainby

Actors make a lot of money in the entertainment industry. The salaries of the actors consume a sizable portion of the total budget. In fact, Indian directors have frequently voiced their dissatisfaction with their low salaries. The situation is analogous in Hollywood, though the pay gap is not quite as severe. Director salaries have surpassed those of all actors combined, and by a significant margin. Intriguingly, he has not directed a single picture in the last two decades.

He has a net worth of $7.4 billion, making him the wealthiest filmmaker in the world.

George Lucas, the man behind Star Wars, has amassed more wealth than any other film filmmaker in history. According to Forbes, the 75-year-old man has a fortune of $7.4 billion (about Rs 60,000 crore). Lucas's net worth is estimated at $4 billion (Rs 32,000 crore), putting him ahead of his longtime friend and collaborator Steven Spielberg, who comes in at number two. The film THX 1138, Lucas's first, was a surprise smash with audiences in 1971. Two years later, he released American Graffiti, which also became a smash hit. Lucas directed Star Wars in 1977, and the film was an enormous success, making him a household name overnight. Although he was involved in producing the two sequels, he did not return to direct them. Twenty years later, though, Lucas directed all three installments of the series' prequel trilogy (from 1999 to 2005). He has not followed a course of action since Episode III: Revenge of the Sith.

Also Read:  Top 10 Highest Grossing Movies in hollywood

How much money George Lucas has and what he has done with it.

The director is the chairman of the immensely successful firm Lucasfilm, which he founded and for which he is best known for the classic space opera series Star Wars as well as several other hits, including the Indiana Jones series. Additionally, he established the video game publishing company LucasArts, the special effects studio Industrial Light & Magic, and the audio technology firm THX. Thanks to the success of these ventures and the sale of Lucasfilm to Disney, Lucas now has a net worth of $2.5 billion. In addition, he has produced all of the Star Wars movies. More than $51.8 billion have been made by the media empire. The Indiana Jones films have been hugely successful on their own as well.

The wealthiest film directors in the world

The list of the world's wealthiest film directors contains many well-known names, including George Lucas and Steven Spielberg at the very top. After Tyler Perry ($1 billion), Peter Jackson ($1.5 billion) comes in at number three. The director of Avatar, Titanic, and The Terminator, James Cameron, completes the top five. Michael Bay, Francis Ford Coppola, Ridley Scott, Christopher Nolan, and Martin Scorsese also made the list of the top 10 directors.

For More Visit: Entertainby

[sageglobalresponse]

Full list of Forbes’ 25 world billionaires in 2023

American business magazine, Forbes, in its 2023 list of 25 richest people in the world, featured Bernard Arnault on the No. 1 spot, followed by Twitter Chief Executive Officer, Elon Musk.

In its previous list in 2022, Musk was on the No. 1 spot.

Forbes described the drop of Musk from the top spot as ” this year’s second-biggest loser”, adding that “Elon Musk, had it worse.”

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

So This Happened (202) Reviews Lagos Bizman’s Arraignment Over Wife’s Death, Others | Punch

Musk lost his title of the world’s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, is now No. 2.

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

Also, among the top 25, two billionaires — Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.

Yiming, the founder of Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.

Below are the list of Forbes 25 richest people in the world in 2023 with their net worth

1. Bernard Arnault & family

(Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France)

2. Elon Musk

(Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S.)

3. Jeff Bezos

(Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S.)

4. Larry Ellison

(Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S.)

5. Warren Buffett

(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)

6. Bill Gates

(Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

7. Michael Bloomberg

(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age:81

8. Carlos Slim Helú & family

(Net worth: $93 Billion | Source of Wealth: Telecom | Age: 83 | Citizenship: Mexico)

9. Mukesh Ambani

(Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: India)

10. Steve Ballmer

(Net worth: $80.7 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

11. Françoise Bettencourt Meyers & family

(Net worth: $80.5 Billion | Source of Wealth: L’Oréal | Age: 69 | Citizenship: France)

12. Larry Page

(Net worth: $79.2 Billion | Source of Wealth: Google | Age: 50 | Citizenship: U.S.)

13. Amancio Ortega

(Net worth: $77.3 Billion | Source of Wealth: Zara | Age: 87 | Citizenship: Spain)

14. Sergey Brin

(Net worth: $76 Billion | Source of Wealth: Google | Age: 49 | Citizenship: U.S.)

15. Zhong Shanshan

(Net worth: $68 Billion | Source of Wealth: Beverages, pharmaceuticals | Age: 68 | Citizenship: China)

16. Mark Zuckerberg

(Net worth: $64.4 Billion | Source of Wealth: Facebook | Age: 38 | Citizenship: U.S.)

17. Charles Koch

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 87 | Citizenship: U.S.)

18. Julia Koch & family

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)

19. Jim Walton

(Net worth: $58.8 Billion | Source of Wealth: Walmart | Age: 74 | Citizenship: U.S.)

20. Rob Walton

(Net worth: $57.6 Billion | Source of Wealth: Walmart | Age: 78 | Citizenship: U.S.)

21. Alice Walton

(Net worth: $56.7 Billion | Source of Wealth: Walmart | Age: 73 | Citizenship: U.S.)

22. David Thomson & family

(Net worth: $54.4 Billion | Source of Wealth: Media | Age: 65 | Citizenship: Canada)

23. Michael Dell

(Net worth: $50.1 Billion | Source of Wealth: Dell Technologies | Age: 58 | Citizenship: U.S.)

24. Gautam Adani

(Net worth: $47.2 Billion | Source of Wealth: Infrastructure, commodities | Age: 60 | Citizenship: India)

25. Phil Knight & family

(Net worth: $45.1 Billion | Source of Wealth: Nike | Age: 85 | Citizenship: U.S.)

[beardedmrbean]

Hard times have arrived at The Washington Post.

In a memo circulated among the paper's staff and obtained by Semafor media reporter Max Tani, company CEO Patty Stonesifer warned that although 120 employees have already accepted buyout packages, a further 120 must agree to do so, or they will be forced to "implement involuntary layoffs."

"As promised, I will continue to provide updates on the voluntary separation package and where we stand in the process," Stonesifer wrote. "As of today, 120 employees have accepted the package."

"We now have just under two weeks before the December 11 deadline for non-union employees and two and a half weeks before the December 15 deadline for Guild-covered employees," she continued.

In a memo to staff, Washington Post CEO Patty Stonesifer says 120 employees have accepted buyout packages. If the paper doesn't find another 120 people who will accept buyouts in the next two weeks, it will implement layoffs. pic.twitter.com/ztdZwVz5WD — Max Tani (@maxwelltani) November 28, 2023

Stonesifer went on to explain that although it was a "challenging time" for the company, the decision had been taken to "restore The Post's financial health."

“We have made the decision, if we fall short of this goal, to implement involuntary layoffs in those areas where we have already identified that positions do not need to be replaced, where work can be reassigned more efficiently or where we can otherwise achieve cost savings," she wrote.

“These layoffs would offer significantly less generous benefits than the voluntary package and will be consistent with prior layoff packages at The Post,” she continued.

The decision to lay off hundreds of workers was first announced last month and led to a furious reaction from the Washington News Guild.

In a statement, the Guild pointed out how the company was owned by Amazon founder Jeff Bezos, who they identified as "one of the richest people in the world."

"We are infuriated about this decision and concerned for our dedicated, brilliant colleagues," the Guild wrote at the time. "Today’s announcement comes after at least 38 people were laid off over the last year.

"Hard-working Post employees are going to lose their jobs because of a litany of poor business decisions at the top of our company," it continued.

"We cannot comprehend how The Post, owned by one of the richest people in the world, has decided to foist the consequences of its incoherent business plan and irresponsibly rapid expansion onto the hardworking people who make this company run."

We cannot comprehend how The Post, owned by one of the richest people in the world, has decided to foist the consequences of its incoherent business plan and irresponsibly rapid expansion onto the hardworking people who make this company run. — Washington Post Guild (@PostGuild) October 10, 2023

Media reports have provided a range of explanations for the company's poor financial health. An article by The New York Times in July cited sources within the company as saying that the Post is expected to lose around $100 million in 2023.

Reasons for this included a decline in ad revenue, as well as a fall in digital subscribers, which have reportedly fallen from 3 million in 2020 to 2.5 million as of this year.

Meanwhile, declining newspaper circulation continues to affect vast swathes of the legacy media industry.

According to recent data from Pew Research, in 2022 the "estimated total U.S. daily newspaper circulation (print and digital combined) was 20.9 million for both weekday and Sunday, down 8 percent and 10 percent respectively from 2021."

[tech-news-hub]

The Top 10 Richest Person in The World

The global economy is constantly evolving and growing, with the creation of new industries and the expansion of existing ones. This has led to the emergence of a new generation of billionaires, with enormous fortunes that have been amassed through various avenues. In this article, we will be discussing the top 10 richest people in the world, their source of wealth.

Their wealth plays a significant role in the global economy, with their companies and businesses having a major impact on the industries they operate in. These individuals have also used their wealth to make a difference in society, contributing to philanthropic causes and supporting charities.

Read More...