14 February 2012

The News - News

The News - News

Microsoft Kicking iPad with ‘Window On ARM’

Posted: 13 Feb 2012 04:04 AM PST

Microsoft 'Windows 8' is determined to dominate the PC market in the upcoming years. Microsoft's hardware partners might use the low powered ARM chipset to compete with iPad in terms of longer battery life as in January 2011 Microsoft had announced that Windows 8 would run on ARM 'system on chip', but it was bit shocking when Windows 8 prototype products were launched only with Intel processor at Consumer Electronics Show 2012.
Microsoft's chief, Steven Sinofsky wrote the company's plan in a blog post which states, "Microsoft is now planning for Windows 8 on the low powered ARM processor, to compete with the iPad and most other tablets which run on ARM processors". Here are some details related to Windows 8 for ARM processor.

1. A Separate Windows of ARM


Microsoft has created a separate version of Windows for ARM processors called as 'Windows on ARM (WOA).' The new operating system is especially for the PCs with ARM processors. WOA is not same as Windows 8; it's a new member to the Windows family like Windows Server, Windows Embedded, or Windows Phone. It has some commonality and shares some significant code with windows 8.


2. New Version of Office

The WOA will have a new version of office tools like Word, Excel, PowerPoint and OneNote. It will be designed to work on touchscreen and will also feature full document as the traditional version of office.

3. Metro Style Apps


The WOA will also support the Metro style as the Windows 8 does. It will support apps from Microsoft for email, calendar, contacts, photos and storage. WOA will also provide supports for other industry standard media and document formats.


4. Will Release Both on Same Time

Microsoft is planning to ship both the operating systems, Windows on ARM and Windows 8 together. "Our collective goal is for PC makers to ship WOA PCs the same time as new PCs designed for Windows 8 on Intel's x86/64, using the latest generation of those platforms from low-power to high-performance." Company's chief said in a blog post.

5. WOA will not be available in MWC 2012


As Microsoft previously announced, it will only release the consumer preview of Window 8 at MWC 2012 not the WOA. We have to wait until the company will releases the test PC running on Windows on ARM, but it will be only available for developers and hardware makers, not for public.

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80 Percent Parents Can’t Operate their Kids Gadgets

Posted: 13 Feb 2012 03:59 AM PST

The digital gap between parents and their kids has become wider as majority of the parents doesn't understand or knows to operate their children's high-tech gadgets, according to a study carried out by the ParentPort website.

The study revealed that a quarter of children were allowed to play games classified above their age, and 40 per cent were allowed to watch films above their age limit. And when parents are asked to operate their children’s gadgets, over 80 percent of them fails in the task as they are completely clueless about its technology and functioning. Furthermore 16% of parents surveyed said they had bought their children a device or gadget – such as a games console or MP3 player – which they themselves did not fully understand how to use.
Guy Parker, ASA Chief Executive said: “Parents, carers and guardians play an important role as the first line of defense in deciding what’s appropriate for their children to see. But quite rightly, they expect support from media regulators."

The report also states that the parents surveyed did not just give into their children's appetite for the media – many also closely supervise what their children see and use. In fact, 82% of the parents surveyed claimed they always know what films and television programmes their children watch, and 77% said they always or usually know what websites their children visit.

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Young Indians Watches More Internet, Less TV

Posted: 13 Feb 2012 03:55 AM PST

Television is one of the major pass-time in all homes, but this trend is changing slowly as the younger generation is spending more time on internet than television. Internet is penetrating more into Indian veins and its impacting the way Indian youths likes to spend their leisure time.

Some very interesting facts about the leisure habits of 12-24-year-olds was revealed by one of Technopak’s recent studies- India Consumer Trends which states that even though watching television is the most prominent among leisure activities for the youth, taking up close to three hours every day, but its importance is reducing as gaming, Internet browsing and other ‘my time’ entertainment options become popular.
56 per cent of Indian youth spend more than two hours on the internet during the weekday as against just 44 per cent of them spending even more than one hour watching television. The engagement with internet further increases on weekends with 69 per cent youngsters spending more than two hours as compared to 35 per cent spending more than three hours watching television, according to an online survey done by ViziSense on 500 young internet users.

Urban way of living, penetration of social networking sites like Facebook which fulfills the socializing attribute and the entertainment through online games are making youth to sit in front of their PC. The research further said that youngsters prefer to visit Facebook and social media pages of companies rather than their websites for information and products offerings. The usage of internet by youngsters further extends to mobile with 50 per cent of them accessing the web daily through their mobile phones.

Amit Bhartiya, GM, ViziSense, said "Online is now entrenched in the daily lives of youth in India, more than any other medium. They show high dependence on the use of the Internet for almost all their commerce, entertainment and other content consumption and this should only reinforce the importance of this medium for marketers. The other strong message that came out through the research is that youth prefer online to other media is because it facilitates two-way interaction and engagement with brands and companies vs. any other media."

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Google’s First Recruit Leaves for Start-up

Posted: 13 Feb 2012 03:50 AM PST

Google today has grown to become such a huge part of our lives today, and one of the people who have helped Google take the course of what it is, would be Craig Silverstein. Siverstein was Google's first hire, (technically Google employee #3, since he joined right after Larry Page and Sergey Brin– Google's founders).

Craig Silverstein Google+ image

But All Things D, a branch of the Wall Street Journal, reported that Silverstein (according to his farewell email), will be moving on to pursue the vision of “making the world a better place by making information more accessible and useful”, in a “slightly different way”, at Khan Academy– a non-profit education start-up. The academy produces online videos, exercises and testing materials related to math, science, humanities, and finance in an attempt to educate students in countries where educational resources aren’t easily available. He will be joining as a developer at Khan, with February 10, 2012 as his last day at Google.

The years from 1998 have seen Silverstein bring his technical experience to the search engine as its Technology Director, establish its work culture, and write a fair share of the search algorithm Google uses.  Silverstein started working on Google when it was a research project at the Stanford University led by Page and Brin (who were graduate students in computer science at the time). Over time, he left Stanford and his doctoral studies to work for Google when the company was founded in 1998 in a car garage in Menlo Park, California. Page and Brin too never got to complete their doctorates.

In a 2010 interview with Mercury News, "There are these cultures you see in some companies — they are just very negative, where the way that you show you are the hot shot engineer is by showing how stupid everyone else’s idea is, or how bad everyone else’s code is. And honestly, we see that more at Google now then we used to when it was small. But it’s never been part of Google’s culture. I think the culture here is much friendlier," said Silverstein. He also said that what he was really proud of at Google was "successfully keeping the culture as well as we have, given all the success and growth that we’ve had.""We haven’t done perfectly, but we’ve done a lot better than I ever thought we would," he added.

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Kodak to Stop Making Digital Cameras

Posted: 13 Feb 2012 03:47 AM PST

Photography giant Kodak has said it will stop making digital cameras in the next six months, a media report said. The 130-year-old Eastman Kodak, which invented the digital camera in 1975, has now said it will try to licence its brand to other camera manufacturers, the

Kodak digicam

Daily Telegraph reported. Kodak has filed for bankruptcy protection, having lost almost 90 percent of its market value in 2011. The daily said the company struggled to adapt evan as digital photography became more popular with consumers. First, the company watched demand for traditional photographic film collapse. It stopped manufacturing film cameras in 2004 and made its final roll of 35mm colour film in 2009. It also saw smartphones eat into the lower end of the digital camera market. Just six years ago, Kodak was one of the three leading digital camera makers in the world. Kodak’s chief executive and chairman Antonio Perez has reportedly decided that the company’s future lies in the digital printer business.

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Google’s Valentine’s Day Surprise

Posted: 13 Feb 2012 03:44 AM PST

For all romantic people who hate maths, did you ever know the fact that maths can do wonders for you?
Type or copy this Mathematical equation on Google and see for yourself.



v day surprise

sqrt(cos(x))*cos(300x)+sqrt(abs(x))-0.7)*(4-x*x)^0.01, sqrt(6-x^2), -sqrt(6-x^2) from -4.5 to 4.5
This interesting fact was tweeted by Twitter user Huckberry. The algebraic equation, which makes a perfect heart shaped graph, is a combination of various mathematical functions that you might have studied in your high school.

The "magic" in the graph was performed by the absolute value function flipping the sign of x coordinate, changing the direction of plotted lines and creating a mirror image across y axis.

The Cosine part of formula is related to frequency. If you change the number 300 in "cos (300x)" part to 500, frequency rise and the color fills up the heart, while reducing the value of 300 makes graph lose its richness.

Even though Google didn't wrote this graph, the users come up with lot of keywords like this which gives a "surprise search result." Try these words like askew, Google gravity, Mentalplex, Google.com/pacman and hit "I'm feeling lucky" button and you can see the various funny results.

But math geeks, for the time being, send this equation to the one you love as a surprise gift on Valentine's Day.

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7 Habits of Highly Frugal People

Posted: 13 Feb 2012 03:41 AM PST

Be frugal to scheme your money and build choices so that you can allow yourself to splurge because if you are not controlling your money, your money will control you. Living frugally is not an easy task. Therefore, listed below are seven habits of highly frugal people -

They Save Rupees by saving Pennies

They Save Rupees by saving Pennies

Be it small or big issues, frugal people know that frugality applies to both. Knowing the fact that a lunch worth Rs 300 will cost around Rs 1,95,000 a year, frugal people like to indulge themselves for that occasionally. They have certain habits that might irritate other but for them, it’s very common. They like to use a tea bag twice, empty and reuse the cleaner bag and keep the coupons clipped to save bucks on jars. They would better opt out for a economical car rather than an SUV.


They are Good Managers of Both Time and Money

They are Good Managers of Both Time and Money

Frugal people are capable of balancing both time and money. They value their time and know-how to value money if it’s not worth the time. Their disciplined approach makes them work before play. Having a high income is not important for frugal people. What matters to them is how to use finances and intangible resources.


Frugal People Embrace a Do-it-Yourself Lifestyle

Frugal People Embrace a Do-it-Yourself Lifestyle

Frugal people like to do their own research before opting for anything. Even if they plan to go for a household repair, they will do their own research through different resources and try to figure out if they really need a professional to be hired for repairs. They invest in high-quality tools so that they can deal with repairs at their own. They also negotiate with neighbours and friends to get the work done.


Frugal People see Opportunities Where Others Don't

Frugal People see Opportunities Where Others Don’t

Frugal people have a strong gut feeling and they trust their intuition when an opportunity appears. They are not blind trend followers. Owning the latest and the fastest gadget is something which will not appeal them unless it is required. They are believers of not possessing more than one commodity which is not required in their lives, like cell phone, TV, cars etc.


Frugal People find New Uses for old Items

Frugal People find New Uses for old Items>/b>

If you are a frugal person, then you will find out something new from an old item. They find free pallets from local stores and use them creatively in the backyard, garage and basement for storage. They make weird use of things that can be least imagined. Frugal people are actually creative.


Frugal People are Proud of their Frugal Lifestyle

Frugal People are Proud of their Frugal Lifestyle

If you think there is something wrong with the lifestyle of frugal people, then get it clear that they don’t care about what you think, as they are proud of their lifestyle. They have put creative ideas into action to reduce various household costs. Household work is more of fun than task. Their children are born and brought up with learning to respect money and material objects. They are always open to new ideas to turn more frugal.

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Gadgets I Can’t Stay Without

Posted: 13 Feb 2012 03:36 AM PST

Imagine going out on a vacation and losing out on an important client. Scary? For an entrepreneur, always being connected to people is very important. Entrepreneurs are known to be hooked on to their business even during family meets and vacations. Laptops, smartphones, data cards, and other gadgets are what keep them in touch with their work even on the go. In a candid chat with siliconindia, few entrepreneurs talk about their favorite gadgets.

Phanindra Sama, Co-Founder and CEO, redBus.in

Phanindra Sama, Co-Founder CEO, redBus.in

"I have a smartphone and can't stay without it. I check all my mails and keep connected to people with my phone. I use Google Reader, Gmail, Google maps on my phone to stay connected even on the go. I feel that each entrepreneur should take out time to read and invest their time in learning, for which I feel that Google Reader is a really good option. Most of my work is done through Excel and PowerPoint, so I don't need any other software," says Phanindra.

Phanindra Sama is the Co-Founder and CEO of redBus.in, an online bus ticketing service provider. The company had raised $6.5 million in its series C round of funding from Helion Ventures, Seedfund, and Investus Capital Partners in 2011.


Jessie Paul, Founder and Managing Director, Paul Writers

Jessie Paul, Founder and Managing Director, Paul Writers

"I like my Mac and use Notes on it, which is equivalent to PowerPoint on Microsoft. Apart from that I am active on Twitter and use TweetDeck. But when it comes to phones, I use a simple Nokia phone. I had a Blackberry earlier, but I felt that it made me distracted. I was never able to focus on the work and was getting addicted to it. I feel that the more gadgets a person has, the lesser productive he becomes, so I chose to stick to the minimum. A person should rely on a large number of gadgets if he is frequently travelling, else he should shut down on the number of gadgets," says Jessie Paul.

Jessie Paul is the Founder and Managing Director of Paul Writers; which provides resources, insights benchmarks, and tools to B2B marketers.


Sanjay Nadkarni, Co-Founder, babyoye.com

Sanjay Nadkarni, Co-Founder, babyoye.com

"I use a HTC Android phone, a Macbook Pro, which keeps me connected even on the go. Apart from mails and calendars, I generally don't use any other app on my phone. Also, I use Chrome to browse the Internet," says Sanjay Nadkarni.

Sanjay Nadkarni is the Co-Founder at babyoye.com, an ecommerce store which sells baby products. the company had recently raised funds from Karishma Kapur, before which it had secured $2.5 million in funds from Accel Partners and Tiger Global.

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Will Startup Employees Get Rich?

Posted: 13 Feb 2012 03:32 AM PST

When Raman Roy was setting up Spectramind in 2000-2001, he offered share ownership to 500 staff members. When Wipro bought out Spectramind, everyone made the equivalent of at least a year's salary on their ESOP plans.


ESOP, will employee get rich, advantages of ESOP, disadvantages of ESOP

Employee Stock Option Plan (ESOP) is becoming an integral part of every startup that is striving for survival. Companies are offering this benefit not just to top-paid executives but also to the new entrants. The reasons to offer stock options might vary from company to company. It may  be to retain good employees, letting their employees feel like owners or partners in the business, or to hire skilled workers by offering compensation that goes beyond a salary, and these cases are especially true in startup companies that want to hold on to as much cash as possible. But, will opting for ESOP make the employees rich? Will they get benefited anyhow?
Bonus, which is a percentage of revenue or profit, is an alternative for ESOP. However, in ESOP, the benefit is that team members sacrifice their current monetary benefits and build the value for future, and this is what the startup needs at the initial phase for survival. We have seen many startups closing down not because they did not have a good product or idea, but because they did not have the funds to make it big.

However, with the subsequent increasing valuation of the company during the funding rounds and more equity vests in to the hands of the investors, thereby the value of each share goes down leaving a very low and substantial amount of fund to be distributed among the employees. Today we see more exits in the form of M&As rather than IPOs, it is quite relevant that the valuation will be made early and the return that employees are going to get, if the company would have gone for IPO, is quite less.

For the employees who opt for ESOPs as an additional benefit apart from the salary, they do not lose out on their salary if the valuation is not good. It is only those who exercised their options and held on to it in anticipation of prices going up, who will lose in such a deal. ESOP is not meant for an employee who frequently jump jobs, one can reap the benefit if he stays in the company for a 4-5 year period. If the company is acquired and the shares held for more than one year are sold, it is termed as long-term capital gain, and such gains are exempted from tax. However, if the shares were held for less than one year, they would be treated as short-term capital gains and would be taxed accordingly.

Owning a part of the company one works in would be one of the best dreams and might entice him to join the startup, but as the company grows big, his part of benefit keeps on decreasing. Imagine having shares in a company which you cannot sell and the value of which is crashing all around you. It is scary. And then there are cases about shares that you already own but cannot sell because it has a lock in. Also, as a result of the economic slowdown, several companies have postponed its IPO indefinitely and are on the verge of being acquired. So, it is time to think whether to stay in such company to reap a minimal amount of benefit or leave the ship and board on a better on.

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Most Educated Countries in the World

Posted: 13 Feb 2012 03:30 AM PST

According to the recently published report on “Education at a Glance 2011″ by the Organization for Economic Co-operation and Development [OECD] has reported that in the past 50 years, the college graduation rates have increased nearly by 200 percent in the developed countries.
The report also showed that even though education has improved across the board, it has failed to improve in an even manner, as there are some countries enjoying much greater rates in terms of educational attainment than the other countries.

Based on the report released by OECD, 24/7 Wall St. has indentified the most educated countries in the world. According to that list, you can see that most of the educated people are from some of the wealthiest countries in the world, which included countries like U.S., Canada, Japan, New Zealand etc. All these countries aggressively invest for the educational system in their respective country.

Although these developed countries had the educated population from a long time, gradually that percentage has increased over the time. The increases are modest compared to developing countries. So, these are the top 5 educated countries identified by the 24/7 Wall St., according to the report provided by OECD.



In this country, around 50 percent of its population has completed its tertiary education. This percentage is considered the highest rate in the OECD. Every year, the public and private expenditure on education amount up to 2.5 percent of GDP, which is considered as the fourth highest rate in the world. The tertiary education spending accounts for 41 percent, which is the total percentage on education spent in the country. You should also consider that, nearly 25 percent of the students have an immigrant background.




Even though there is no specific data on the percentage of Israelis with postsecondary education dating back to 1999, the numbers when compared to 2002 show that the growth is slowing considerably when compared to other countries. Around 46 percent of the adults aged from 25 to 64 had a tertiary education as of 2006. Just about 78 percent of the funds spent on educational institutions in Israel are of public funds. This is the only country where expenditure on educational institutions as a percentage of GDP decreased from 2000 to 2008. This country also had the highest increase in overall population with about 19.02 percent from 2000 to 2009.


3.Japan: In this country, around 44 percent of the adults have some form of postsecondary education. When we compare to this percentage, the United States percent has gone down, as it is just up to 41 percent. When you consider the population growth of Japan, it has just increased up to 0.46 percent between the year 2000 and 2009, which is considered as the sixth slowest growth rate in the OECD. Japan along with Finland is the third highest upper-secondary graduation rate in the world with 95 percent.


4.United States: In the U.S. around 41 percent of the country’s citizens have done the postsecondary education. The country has experienced quite a larger growth in its population from 2000 to 2009 with around 8.68 percent in its population, which is the 12th highest among OECD countries. Just about 71 percent of funding for the educational institutions in the country comes from the public funds and this percent places the country as the sixth lowest according to this measure. When you have a look at the country’s largest share of adults with tertiary education among the OECD countries, the country’s share is about 25.8 percent.


New Zealand

5.New Zealand:

Around 40 percent of the country’s population engages in tertiary education and becomes the fifth highest rate in the world. However, the nation had a rapid population growth of 11.88 percent between the year 2000 and 2009. This percent is considered as the eighth largest increase in the OECD. The high output from the secondary schools is also a reason for the high rate of tertiary graduates in the country. According to the report more than 90 percent of the population graduates from secondary school in the country.

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People with Simple Names do better in their Career

Posted: 13 Feb 2012 03:26 AM PST

People with Simple Names do better in their Career
It is always seen that people prefer to select extraordinary names for their new-born so that he or she remains exceptional in the crowd, reveals “The New York Times.” However, a new study demonstrates that if parents want their children to succeed in life they should better pick simple names that are easy to pronounce for their babies.

According to Aol Jobs, Melbourne University scientist Simon Laham, Adam Alter of New York University Stern School of Business, and Peter Koval of the University of Leuven, Belgium, revealed individuals with easy to pronounce names have more positive impression on people than people with complicated names. While conducting study, the researchers found that very few participants liked easy to pronounce names. However, it was noted that out of 500 U.S. lawyers, the ones with simple names had succeeded faster and are in senior positions.

Earlier researchers have highlighted that a name can affect your life as candidates with African American names were less expected to be called back for a job interview; kids with popular names are less likely to face trouble with the law; females with more feminine names are less probable to pursue math and science; and boys with names that are also common amongst girls are more probable to be suspended. The findings based on the “the name pronunciation effect” is completely new. The research, which comprised names from Anglo, Asian, Western and Eastern European backgrounds, was conducted in both lab settings and natural environments, and was in print online in December in the Journal of Experimental Social Psychology.


People with Simple Names do better in their Career

It was seen that the scientists were very careful in differentiating pronounce ability with ‘unusualness’- a feature that is eminent to flash unfairness. For instance Barack Obama, which is certainly an unusual name but it is not hard to pronounce. The scientists also prohibited the ethnic or the national factor associated with the name to avoid provocation of the negative feelings.

While conducting the lawyer study, the scientists believed the relatively recent entry of the few into the field might distort the results. Names like Smiths and Johnsons ranked higher than the Pfefferbergs and Borgognones. However, when the scientists considered the Anglo names alone they found that the seniority was connected strongly with the pronunciation of the person’s name. Independently of all those other features of the name, the mere ease of pronunciation is enough to drive outcomes,” Adam said. “There’s sort of a warm glow associated with things that are easy to process.”

Further, the study highlighted the fact that an individual tends to feel good when his or her minds process something easily, without any effort. Thus when it comes to a name, they feature that excellent feeling to the name- bearer.

Adam believes this can be progressing; the majority of things that is essential for the mental resources for our ancestors to progress was possibly dangerous, or cause for concern.

Politicians, with easily pronounced names are more likely to get votes than one with complicated names. This was brought into limelight by 35 undergraduates, who participated in a mock ballot study of 12 names, without having any knowledge about the candidates. It was found that those with simpler names were more expected to win.

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Things Apple is Worth More Than

Posted: 13 Feb 2012 03:21 AM PST

What are the things that Apple is worth more than? Apple’s market capital is now said to be $380 billion. The list below is as per the website things apple is worth more than.

1.The Entire Economy of Singapore:

Singapore is one of the wealthiest countries on the globe owing to a government that is friendly towards business yet very strict on corruption. The country boasts an astonishing $70,000 GDP per capita rate and has been minting millionaires by the truckload despite the global economic instability of the last decade. Singapore’s national GDP in 2016 is expected at $318 billion and Apple is worth $380 billion already.


2.Two Entire Apollo Space Programs:

The space race was one of the most contested and most public conflicts of the Cold War. The U.S., having decided that beating the Soviet Union to the Moon was in the nation’s best interest, pushed forward with a Moon landing mission, no matter the cost. The Apollo Space Program had a final cost of $145-170 billion with the inflation adjusted. Clearly Apple is worth more than two entire Apollo space programs.


3.Worldwide Lottery Sales:

Apple is worth more than the worldwide lottery sales which was estimated to be $240 billion in 2009. Assuming even 10-15 percent growth to 2011 year end, Apple’s $400 billion market capital engulfs the money spent on hopeful thinking.


4.Retail sales of electricity in the U.S.:

Retail sales of electricity amounted to $350 billion in 2009 in the U.S. as per the last completed survey by U.S. Energy Administration. With a market capitalization of over $400 billion, Apple is worth more than all the wealth spent powering gadgets for an entire year in the United States.


5.Four American Civil Wars:

The most awful conflict in American history was the United States Civil War. The casualties for the Civil War amounted to more American casualties than all other American wars put together. The entire country fought for 4 long years. The estimate for the cost of the Civil War ranges from $75 billion to $84 billion. Though the cost in lives lost cannot be measured, Apple has a market capital worth more than 4 American Civil Wars.


6.The Global Coffee Industry:

The global coffee industry generates $70 billion a year and has some 25 million employees. Apple with its massive market capital is worth more than 5 years of the coffee industry. In addition, Apple’s $46 billion in revenue in the last quarter eclipses the U.S. coffee industry value, which is estimated at $19 billion.


7.The U.S. Beef Consumption:

The retail value of the beef consumed in the U.S. was $74 Billion in 2010 and 26.4 billion pounds were consumed. Apple is worth more than all the steaks and cook out goodies for an entire year in the U.S.


8.All llegal Drugsof the World:

The global illegal drugs trade is now worth an estimated 200 billion pounds ( $321 billion U.S.) and Apple clearly beats this record as well.


9.The Star Wars, Star Trek, Harry Potter, Stephen King and Twilight Franchise Combined:

The worth of Star Wars, Star Trek, Harry Potter, Stephen King and Twilight Franchise put together also does not come close to the Apple’s net worth. The worth of Star Wars-18 Billion, Star Trek- 4 Billion, Harry Potter- 15 Billion, Stephen King- 10 Billion, and Twilight- 2 Billion which totals up to 49 Billion.


10.The GDP of Denmark:

Denmark has a powerhouse of an economy for a small workforce of 2.9 million workers. At $337 billion, Denmark ranks as the 32nd largest economy in the world by GDP and 5th in GDP per capita and yet Apple is bigger.


11.All the Gold at the New York Federal Reserve:

As of August 1st, the New York Federal Reserve Bank in lower Manhattan was stocked with about 7,000 gleaming tons of gold. The New York Fed is the largest store of gold bullion in the U.S. and in the world. As per reports this stockpile is worth some $350 billion USD. Yet not close to Apple’s market capital.


12.Twice the Entire U.S. Clothing Store Business:

As per First Research, there are about 100,000 retail clothing stores in the U.S. although it is a very concentrated industry. The 50 largest companies such as TJ Maxx, Abercrombie & Fitch, Marshalls, Gap, Limited Brands and Ross Stores account for about 65 percent of industry revenue. The combined annual revenue for the entire apparel retail industry is approximately $150 billion. Thus, Apple’s current valuation is $380 billion, being worth more than twice that of the clothing industry.


13.The U.S. Automotive Aftermarket:

The automotive aftermarket includes all products and services purchased for light and heavy duty vehicles after the original sale and includes replacement parts, accessories, lubricants, appearance products, tires, collision repairs, service repairs as well as the tools and equipment necessary. The Automotive Aftermarket Industry Association (AAIA) is recorded to be valued at $285 billion and has approximately 4.5 million employees. But, $380 Billion has it covered.


14.The Entire National Football League:

According to the annual NFL football franchise valuations list released by Forbes this year the average franchise in the league is worth over a billion dollars. Fifteen of the NFL’s thirty three franchises are worth over a billion each. The most valuable team is the Dallas Cowboys, which is valued at $1.85 billion. If all the value of every team in the NFL is added up an approximate total of $33 billion is achieved. Apple is worth more than ten times that!


15.The Combined GDP of Israel, Syria, Jordan and Lebanon:

Apple is worth more than the GDP of Israel -$213 billion, Syria- $60 billion, Jordan- $28 billion and Lebanon – $43 billion combined!


16.The Great Wall of China:

The Great Wall of China has 3.873 billion bricks with $.52 per brick. But still Apple is worth more than the Great Wall of China.

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Zuckerberg is Now World’s Richest

Posted: 13 Feb 2012 02:47 AM PST

The Economist has ranked the world's richest people by their wealth/age ratio. According to this ranking, Mark Zuckerberg is the world's richest person when adjusted for age.

"Mark Zuckerberg is already a rich man. The most recent tally of the world's wealthiest people by Forbes magazine put the Facebook founder's net worth at $13.5 billion in 2011, ranking him 52nd in the world. Now Mr. Zuckerberg is set to become considerably richer. His 28.4 percent stake in Facebook could see his fortune rise to as much as $28.4 billion, assuming that Facebook's recently announced share offering is valued at $199 billion. That would place him ninth in the last year's rankings. But what may be cost remarkable is Zuckerberg's youth. At 27, he is the youngest of the plutocrats by a considerable margin. In the top 100, only Larry page and Sergey Brin, the co-founders of Google, are also under 40. Indeed, adjusted for years of age, Mr. Zuckerberg will be the richest man in the world," as stated by 'The Economist Online'.

The top 10 people who made their name in this list are as follows:

1. Mark Zuckerberg: Mark Elliot Zuckerberg is an American Computer Programmer and Internet Entrepreneur who has co-created the social networking site, Facebook. He co-founded Facebook in 2004 along with his Harvard classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes. He is also the Chief Executive of the same. After the success of Facebook, he dropped out from Harvard University.

He is tagged as the 'Person of the Year' by Time's Magazine in 2010. Forbes has listed him as the ninth powerful people in the world, and ranked him as 52nd Forbes Billionaires. His personal wealth is $17.5 billion as estimated in 2011. With this wealth in the age of 27, he is the world's youngest billionaires.


2. Carlos Slim: Slim is a Mexican businessman and philanthropist, who is the Chairman and CEO of Telmex and American Movil. He studied Engineering from National Autonomous University of Mexico, where he was simultaneously teaching Algebra and Linear Programming. He learnt the basic business strategies from his father. At the age of 12 he bought shares in a Mexican bank. He started his business through real estate, construction and mining business. He has been the Vice President of the Mexican Stock Exchange and President of the Mexican Association of Brokerage Houses.

Consecutively for two years, i.e. 2010-2011, he is ranked as the richest person in the world. His corporate holdings are estimated of the value of $74 billion, as on 2011. He is ranked as the 23rd powerful people in the world by Forbes. Slim has been awarded the Entrepreneurial Merit Medal of Honor from Mexico’s Chamber of Commerce. He was also awarded as the CEO of the year in 2003 by Latin Trade magazine.


3. Bill Gates: William Henry Bill Gates is an American Business tycoon. He is the former CEO of Microsoft and presently is the Non Executive Chairman of the same company. He founded the Microsoft Software Company with Paul Allen. He has a consistent ranking among the world’s wealthiest people. He was the wealthiest in the world overall from 1995 to 2009. Gates is the best-known entrepreneurs of the personal computer revolution though he has been criticized for his business procedures, which have been considered as anti-competitive.

In 1987, Gates was declared a billionaire in the pages of Forbes’ 400 Richest People in America issue.  As the world’s youngest self-made billionaire, he has a worth of $1.25 billion. This amount is $900 million more than the wealth which he has when he debuted on the list. In 2011, Gates was ranked as the 5th most powerful person in the world by Forbes magazine.


4. Bernard Arnault: Bernard Arnault is a French Businessman, who is the world's 4th and Europe's richest person with a net wealth of $41 billion. Forbes has also tagged him as 'the Fashion Person of 2011'. He did his high school from the Maxence Van Der Meersch High School in Roubaix and graduated in Engineering from Ecole Polutechnique. He joined his father's company after graduating. He modified his father's business by convincing him to liquidate the construction division of the company by 40 million French Francs. He changed the company's focus to real estate. BERBARD Arnault was awarded by the French Legion of Honour.


5. Warren Buffett: The American business tycoon, investor and philanthropist, Warren Edward Buffet is widely regarded as one of the most successful investors in the world. He is often named as "legendry investor, Warren Buffet". He is primarily a shareholder but also a Chairman and CEO of Berkshire Hathaway. He made his name in the list of World's wealthiest people consistently. In 2011, he was named as the third wealthiest person in the world.

Despite his immense wealth, he is a much devoted person in the value investing philosophy, and hence is called as the 'Wizard of Omaha', 'Oracle of Omaha' or the 'Saga of Omaha'. In 1999, he was named as the top money manager of the Twentieth Century in a survey by the Carson Group. He was listed among the Time's 100 Most Influential People in the world in 2007. In the 2010 report of the Foreign Policy, he was named as the Most Influential Global Thinker.


6. Larry Ellison: Lawrence Joseph “Larry” Ellison is the co-founder and Chief Executive Officer of Oracle Corporation which is one of the world’s leading enterprise software companies. He is the third wealthiest American with an estimated worth of $36 billion as predicted on 2011.

Ellison graduated from Eugene Field Elementary School from Chicago. He founded Software Development Laboratories (SDL) in 1977, which was renamed as Relational Software Inc. in 1979. Presently Ellison owns stakes in Salesforce.com, NetSuite, Quark Biotechnology Inc. and Astex Pharmaceuticals. This year, Oracle stocks have jumped up by 12 percent.


7. Eike Batista: Eike Fuhrken Batista da Silva is a Brazilian Businessman and is the president of EBX Group. He is the 8th richest man in the world predicted by Forbes in 2011. He is the richest man in South America with an estimated wealth of $30 billion.

He was also featured in Bloomberg Markets Magazines as the only Brazilian on the list of the 50 most influential people in Global Finance. The magazine mainly focused on people, 'whose comments move markets; whose deals set the value of companies or securities; whose ideas and policies shape corporations, governments and economies'. He was ranked as the 58th most powerful person in the world in 2010. The newspaper Folha De S. Paulo has rewarded him with the tag of 'self made man'.


8. Larry Page: Lawrence Larry Page is an American computer scientist and internet entrepreneur. He co-founded Google along with Sergey Brin. He became the Chief Executive Officer of Google by replacing Eric Schmidt in 2011. His personal wealth is estimated to be $16.7 billion. He has invented PageRank, which became the foundation of Google's search ranking algorithm.

Google earned a Webby Award, People's Voice Award for Technical Achievement in 2000. In 2011, it was awarded for Outstanding Search Service, Best Image Search Engine, Best Design, Most Webmaster Friendly Search Engine, and Best Search Feature at the Search Engine Watch Awards. He was ranked 24th in the Forbes list of Billionaires and also the 11th richest person in the U.S. He is ranked as the 30th most powerful people in the world by Forbes.


9. Sergey Brin: Sergey Mikhaylovich Brin is a Russian born American Computer Scientist and Internet entrepreneur who co-founded Google with Larry Page. His estimated personal wealth in 2011 is $16.7 billion. He pursued his undergraduate degree from University of Maryland and studied Mathematics and Computer Science. He then acquired his Ph. D in Computer Science from Stanford University.

The Economist magazine referred to Brin as an “Enlightenment Man”, someone who believes that “knowledge is always good and certainly always better than ignorance”. Forbes has tagged him as the 15th richest person in the world. Forbes has also declared Brin and Larry Page as the 5th most powerful people in the world in 2009.


10. Lakshmi Mittal: Lakshmi Niwas Mittal is the owner, Chairman, Chief Executive Officer of ArcelorMittal, which is the world's largest steelmaking company. He is the richest man in India, Asia and the United Kingdom, and second in Europe. Presently he is the sixth richest individual in the world with a personal wealth of $19.2 billion. He is the 47th 'most powerful person' among the 68 individuals named in Forbes Most Powerful People list.

He is also an independent director of Goldman Sachs and member of Board of Directors to Goldman Sachs Media/Film IP Group, member of the Directors of European Aeronautic Defence and Space Company, World Steel Association. In 2008 he received the honor for 'Forbes Lifetime Achievement Award' and 'padma vibhushan' in 2007. He also got the European Businessman of the year by Forbes in 2004.



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