Global Downturn? Rich Get Richer Despite Global Economic Woes!

The world’s top 100 billionaires got even richer last year, with their total wealth rising by around 15 per cent over the past 12 months.

Bloomberg’s figures showed the world’s wealthiest hundred individuals added $US241 million to their fortunes in 2012 for a total of $US1.9 TRILLION

Bloomberg’s billionaires index shows Mexican telecommunications magnate Carlos Slim remained the world’s richest person, holding a personal fortune of more than $70 billion.

Microsoft founder Bill Gates and the founder of fashion retailer Zara, Amancio Ortega, rounded out the top three spots, with wealth estimated just over and just under $60 billion respectively :: Read the full article »»»»

Setup or Stupid? Citibank Arrests it's Own Customers

Citibank has always been a bit of a fumbling behemoth, barely – with bailout assistance from U.S. tax payers - scraping through the global financial crisis in tact, it now face an entirely new wave of trouble. Days after Citibank CEO Vikram Pandit talked about his sympathies with Occupy Wall Street and his willingness to engage with protesters. A Citibank branch in New York has locked the doors of their branch and arrested a group of Citibank account holders who wished to to close their accounts. It’s clear that Citibank are terrified that a few accounts closing will escalate to a run on the bank. “It would only take a small percentage of account holders to prove that Citibank is an economic hologram and like much of the financial sector, is desperately hiding how weak it is. The 99% are waking up and realise they’ve been duped, fleeced,conned and bullied for far too long” said Jeremy Bloom.  ”NOT even in the dark dark days of the 1930s great depression – when there was actual panic – did we see anything this stupid” Here’s how it went down at the Citibank branch at 555 La Guardia Place in New York. The demonstrators – all Citibank customers –  were asked to leave, and when they tried to comply Citibank’s security locked them in and wouldn’t let them leave! 24 were arrested. Clearly nothing is ever this simple!? Includes Weekend Roundup of OWS Protests: M★S READ MORE

Setup or Stupid? Citibank Arrests it's Own Customers

Citibank has always been a bit of a fumbling behemoth, barely – with bailout assistance from U.S. tax payers - scraping through the global financial crisis in tact, it now face an entirely new wave of trouble. Days after Citibank CEO Vikram Pandit talked about his sympathies with Occupy Wall Street and his willingness to engage with protesters. A Citibank branch in New York has locked the doors of their branch and arrested a group of Citibank account holders who wished to to close their accounts. It’s clear that Citibank are terrified that a few accounts closing will escalate to a run on the bank. “It would only take a small percentage of account holders to prove that Citibank is an economic hologram and like much of the financial sector, is desperately hiding how weak it is. The 99% are waking up and realise they’ve been duped, fleeced,conned and bullied for far too long” said Jeremy Bloom.  ”NOT even in the dark dark days of the 1930s great depression – when there was actual panic – did we see anything this stupid” Here’s how it went down at the Citibank branch at 555 La Guardia Place in New York. The demonstrators – all Citibank customers –  were asked to leave, and when they tried to comply Citibank’s security locked them in and wouldn’t let them leave! 24 were arrested. Clearly nothing is ever this simple!? Includes Weekend Roundup of OWS Protests: M★S READ MORE