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Ortega Passes Buffett to Recapture Third-Richest Title

Ortega Passes Buffett to Recapture Third-Richest Title

The world’s 200 wealthiest people added $59 billion to their collective wealth this week as Amancio Ortega, the 77-year-old founder of the Zara clothing chain, recaptured the title of world’s third-richest person from Berkshire Hathaway Inc. (BRK/A) chairman Warren Buffett. Shares of Arteixo, Spain-based Inditex SA (ITX) have surged 20 percent since hitting their June low while Berkshire has skidded 5 percent from its 52-week high in July. Ortega has a net worth of $58.9 billion, making him $800 million richer than Buffett, according to the Bloomberg Billionaires Index. Read more of this post

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Eli Broad’s Entrepreneurial Approach to Philanthropy; The billionaire philanthropist on education, Los Angeles, and why he likes artists better than businesspeople

September 13, 2013, 9:42 p.m. ET

Eli Broad’s Entrepreneurial Approach to Philanthropy

Billionaire philanthropist Eli Broad on art, education and revitalizing Los Angeles

ALEXANDRA WOLFE

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The philanthropist Eli Broad likes to spend much of his time with artists, whether at his table or by having their work on his walls. Although he made his $7 billion fortune in finance, the 80-year-old Mr. Broad prefers the company of creative types, such as artists Cindy Sherman and Jeff Koons. He even once caught the late Jean-Michel Basquiat smoking pot in his powder room. There’s no way to share these intimate experiences, of course, but he likes to think that at least he’s made it possible for the broad public to experience some of the same artwork. Read more of this post

Why Organizations Should Embrace Randomness Like Ant Colonies; Why are ant colonies so much better than the sum of their parts, while governments and companies are so often much worse?

Why Organizations Should Embrace Randomness Like Ant Colonies

by Andrew J. Smart  |   10:00 AM September 13, 2013

Consider the common ant. Each one is by genetic design capable of only a few simple behaviors and binary choices, making it a pretty dumb, rigid, inflexible being. Yet the collective behavior of an ant colony is adaptive, flexible and even creative; it’s a highly structured social organization. Now consider your average human. Most of us are individually adaptive, flexible and very creative. Yet the large organizations in which we work are often inflexible and incapable of adaptation and true innovation. Why are ant colonies so much better than the sum of their parts, while governments and companies are so often much worse? Read more of this post

How the bacteria in your gut may be shaping your waistline

How the bacteria in your gut may be shaping your waistline

Sep 14th 2013 | NEW YORK |From the print edition

A CALORIE is a calorie. Eat too many and spend too few, and you will become obese and sickly. This is the conventional wisdom. But increasingly, it looks too simplistic. All calories do not seem to be created equal, and the way the body processes the same calories may vary dramatically from one person to the next. This is the intriguing suggestion from the latest research into metabolic syndrome, the nasty clique that includes high blood pressure, high blood sugar, unbalanced cholesterol and, of course, obesity. This uniquely modern scourge has swept across America, where obesity rates are notoriously high. But it is also doing damage from Mexico to South Africa and India, raising levels of disease and pushing up health costs. Read more of this post

Compare the handwriting of ten top Chinese tech CEOs

Compare the handwriting of ten top Chinese tech CEOs

September 14, 2013

by C. Custer

The Chinese believe that a person’s handwriting says a lot about them. As someone with terrible handwriting, I’m inclined to think/hope that isn’t the case. But if you’re one of the people that believes you can tell something about someone from their handwriting, then enjoy this window into the personalities of ten of China’s top tech CEOs:

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Baidu CEO Robin Li

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Tencent CEO Pony Ma

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Former Alibaba CEO Jack Ma Read more of this post

Panda Express: a Chinese couple’s US success story

Panda Express: a Chinese couple’s US success story

Staff Reporter

2013-09-13

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Chinese nationals in the United States have a long history of making a living through opening restaurants serving Chinese food, however the number has grown rapidly over the last decade. Figures showed that there were about 28,000 Chinese restaurants in the US, which is equivalent to the total number of McDonald’s stores in the global market, reports the New Champions magazine. Panda Express — a Chinese fast food restaurant chain founded by a man with a master’s degree in mathematics and a woman with a PhD in electronic engineering — opens three new branches in the US almost every week. Read more of this post

How Johnnie Walker conquered the world

How Johnnie Walker conquered the world.

BY AFSHIN MOLAVI | SEPTEMBER/OCTOBER 2013

Mexico is rising. You can see it in the country’s swelling exports, the net-zero migration to the United States, the excitement of international bond investors, a recent credit upgrade from Standard & Poor’s, a newly confident middle class, and a per capita GDP that has doubled since 2000. Not to mention a young, dynamic, handsome new president. In case you missed all these signs, though, you can also see Mexico’s surge forward in a Scotch whisky ad. Read more of this post

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