Page 2 - Business Facts

Bill Gates has donated more to charity than what number eight on the Forbes Rich List is worth.

The Forbes Rich List is pretty self explanatory. It’s a list of the richest people in the world. Bill Gates sits at number two on the list. Carlos Slim, a Mexican business magnate, sits at number one. While Gates is worth 61 billion dollars, Slim is worth 69 billion. 

Slim has been the richest person in the world since 2010. He has extensive holdings in numerous Mexican companies in areas like communication, technology, retail, and finance. However the reason he's beaten out Gates is mainly because Gates has given away so much of his fortune to charity.

Gates you probably know a bit better as the big brain behind Microsoft. From 1995 to 2007, he was ranked the wealthiest person in the world. He is best known for his work in entrepreneurship in the personal computer revolution, as well as his philanthropy. Gates established his own foundation in 2000, and has donated 28 billion dollars to charity- that’s 2 billion dollars more than what Stefan Persson, the 8th richest person in the world, is worth.


The sunrise in Myanmar. Anderson Cooper began his journalistic career by sneaking into this island country!

In 1989 Anderson Cooper was a recent graduate of Yale University with absolutely no job prospects. Even though his mother was the famous heiress Gloria Vanderbilt, he wasn't even able to get an entry level job at ABC News answering the telephones.

With a desire to break into on-air reporting, Cooper decided that he would take matters into his own hands. After convincing an art-minded friend to forge him a press pass, he snuck into the war-torn country of Burma and began to interview students leading the rebellion against the Burmese government.

He was able to sell his pieces back to the small news agency Channel One, where he had worked as a fact checker. From there, Cooper lived in Vietnam for a time and made personal interest stories about life there.

He later moved back to the more exciting life of war reporting, filming stories in Somalia, Bosnia, and Rwanda. Now, he hosts a few shows on CNN, including Anderson Live and Anderson Cooper 360.


In Dubai, you can now push a button on a fridge magnet and a pizza will be delivered to your door!

How many times per week would you order a pizza if it was as easy as pushing one button? Red Tomato Pizza in Dubai has made it exactly that easy! In 2012 they launched the ‘VIP fridge magnet.’ It simplifies the convenience factor even further, making ordering take-out food practically effortless.

The magnet is pizza box shaped and has a direct 'line' to the pizzeria. All one has to do is push the button! This triggers a connection to the Internet via Bluetooth on a smartphone. Shortly afterward, Red Tomato Pizza sends a confirmation text and proceeds to deliver.

Customers can customize the default pizza order by pressing the button and ordering a different kind of pizza. Red Tomato Pizza has transformed the giveaway magnet that is traditionally handed out as a marketing tool, to also serve as a way to create sales. This magnet is designed to not only keep the brand name visible, but also actively encourage the customer to take action by pushing it, creating a sale, simply because it's designed to be placed on the refrigerator.

Red Tomato Pizza might have struck gold and may have started a new trend that could spread to other businesses in the near future.


Some awesome lists!

Tehran, Iran. Two people were sentenced to death for committing fraud in Iran. How much did they embezzle to deserve that?

In the biggest fraud case in Iran’s history, four people were sentenced to death in 2012 for their involvement in banking fraud amounting to $2.6 billion. The charges were “corruption on Earth and disrupting the country’s economy.”

The owners of Amir Mansour Aria Development Co. Allegedly bribed bank managers to get loans and letters of credit. Seven state and private banks were reportedly connected to the fraud, which involved forging letters of credit from the partially state-owned Bank Saderat to secure loans for purchasing state-owned companies.

The fraud reportedly extended over a four-year period, but became more serious in the months before the scandal broke in September 2011. According to Iranian newspapers, Iranian businessman Amir-Mansour Aria masterminded the scam. The head of a judicial investigations unit has called the case “the most unprecedented financial corruption case in the history of Iran.”

Thirty nine suspects were arrested for their involvement; four got the death penalty and two received life sentences. The rest were handed down prison sentences — some as long as 25 years. They were also ordered to return the assets.

Iranian President Mahmoud Ahmadinejad had campaigned against corruption before taking office in 2005 and so he came under attack when critics blamed his close aide and relative, Esfandiar Rahim Mashaei, of having ties with the main suspect. The government vehemently denied any involvement in the fraud.


Bank of America agreed to pay $410 million to settle a lawsuit brought against them—but they say they didn't do anything wrong

Bank of America has been accused of manipulating debit transactions in order to charge excessive overdraft fees. The bank denies any wrongdoing, but has agreed to settle it's part in the case by creating a $410 million settlement fund to reimburse Class Members.

The Bank of America overdraft fee settlement stems from many consumer complaints, including that of Plaintiff Ralph Tornes, who sued Bank of America for charging him nearly $500 in overdraft fees! He alleges that the bank rearranged the order in which it processed his purchases. Torres claims that Bank of America did not process his purchases in chronological order. Instead they rearranged them from largest to smallest so that he had to pay three $35 overdraft fees instead of only one.

If you had a Bank of America checking account or savings account that you could access with a Bank of America debit card, anytime between January 1, 2001 and May 24, 2011, and you were charged one or more overdraft fees as a result of Bank of America’s practice of posting debit card transactions from highest to lowest dollar amount, you are considered a Class Member of the Bank of America overdraft fee class action settlement.

As part of the Bank of America overdraft settlement, Class Members will receive payments or account credits for the unlawful overdraft fees they paid



users online