Forbes: Bill Gates richest Person in the US

Bill Gates, Microsoft co-founder topped the Forbes "Richest People In America 2014" it is his 21st consecutive year in a row with a net worth of $81 billion.

According to Forbes it the 2014 list was another record year for American wealth, since the aggregate net worth of the richest 400 Americans reached $2.29 trillion, it has increased by $270 billion from last year.

This years minimum net worth to be included in the list is pretty high at $1.55 billion and because of this some 113 American billionaires failed to be listed.

Warren Buffett, CEO of Berkshire Hathaway got the number 2 spot on the 400 with accumulated wealth of $67 billion. Larry Ellison, CEO and founder of software firm Oracle is in number 3 with $50 billion net worth. The fourth spot was a tie between brother Charles and David Koch who both got $42 billion apiece.

Christy Walton widow of John Walton who is one of the sons of the founder of Walmart Sam Walton is on 6th spot with $38 billion. Her husband John died in a plane crash. Michael Bloomberg the former New York Mayor is on 8th with $35 billion net worth.

Facebook cofounder and CEO Mark Zuckerberg is raking in money he is now the 11th richest person in the U.S. and the biggest earner his money increased by $15 billion since last year to $34 billion.

Top 10 Richest People In America 2014 List

1. Bill Gates $81 billion
2. Warren Buffett $67 billion
3. Larry Ellison $50 billion
4. Charles Koch $42 billion
4. David Koch $42 billion
6. Christy Walton & family $38 billion
7. Jim Walton $36 billion
8. Michael Bloomberg $35 billion
9. Alice Walton $34.9 billion
10. S. Robson Walton $34.8 billion

Full List: http://www.forbes.com/forbes-400/

Wal-Mart spokesman David Tovar after the Company learned He lied about his Resume

David Tovar will soon be the former Wal-Mart's vice president of corporate communications, last week he wrote a message "Farewell" with the message that he was leaving the company after 8 years of service and that he is a better person and better professional with the experience that he gain from the company, and he said that "I am leaving on good terms and Walmart has been very supportive. I am still here a few more weeks." But it turns out the reason he is leaving is because he lied about his resume. So kids remember this, it's not good lying specially about your resume. It will haunt you someday. Tovar lied about graduating from the University of Delaware in 1996.

In an interview with CNBC, he insist that it was a résumé error and it was discovered when he was under assessment that is a regular process when being promoted to senior vice president.

"As part of that process I was going through additional leadership assessment, including a battery of tests including questions about leadership, drug tests, background checks. In the background check my education was flagged—it was done by a third party company. They asked me about it, and I was 100 percent transparent."

"I got a job and never looked back. I really didn't think an art degree would matter in communications, which was the field I went into."

"Wal-Mart said they could not promote me based on what they found. I said that the more senior job is the one that what I wanted, so we agreed I would leave. I am leaving on good terms and Walmart has been very supportive. I am still here a few more weeks."

9/11 Anniversary

Let's remember the people who died in the 9/11 terrorist attacks, and remember the people who serve our country for our freedom!

The United States mark the 13th anniversary of the Sept. 11, 2001, terror attack. The National September 11 Museum features artifacts and graphic photos of the attacks, which is now open to the public.

Family members of those who lose loveones in the attack will be gathering on the grounds to read the names of the deceased which is a yearly event. The roll call will pause four times to mark the times when the 1st passenger plane hit the World Trade Center, then the 2nd plane struck. The 3rd pause is for when the 1st tower fell and the last when the second tower fell.

The memorial plaza will be closed to the public for most of the day and available only to family members. It will reopen at 6 p.m., at which point thousands of New Yorkers are expected to mark the anniversary at the twin reflecting pools where the towers once stood.

Healthcare.gov site Still Suffers from Glitch

People can lose their new health insurance policies if they failed to resubmit citizenship or immigration information to the government by the end of next week but with the Healthcare.gov site suffering glitches from time to time, they are having a hard time doing it.

Most of them send the information multiple times just to be sure that they are sent, and others can't access their accounts at all.

310,000 person receive letters from Centers for Medicare and Medicaid Services asking them to secure a proof of their citizenship or immigration status by September 5 or their insurance will be canceled at the end of the month. Aaron Albright of CMS said the letters were sent to consumers who have no citizenship or immigration documentation with the government. However, agents said that most of the immigrants that they have assisted has already sent the documents during enrollment. 

If you are having problems with Healthcare.gov call (800) 318-2596.

Homeowners who don't have Hurricane Insurance Will have a Tremendous Headache

Homeowners don't have Hurricane Insurance and sustained damaged in their homes due to Tropical Storm Iselle which hit Hawaii will have to dig deep in their pockets to shoulder the repairs. Even if they have homeowner’s policy. Since you cannot purchase hurricane insurance once a hurricane watch or warning is announced. Also, homeowner’s insurance policy does not cover storm damage even if the hurricane status was downgraded to a tropical storm once it reached land. So that means, even if the hurricane is reclassified to a tropical storm three days before landfall, your homeowner’s insurance will not cover the damages sustained.

Check out the full news here: http://khon2.com/2014/08/18/storm-ravaged-homeowners-without-hurricane-insurance-out-of-luck/

Russia Bans Agricultural Imports from US, European Union, Australia, Canada and Norway

Russia on Thursday August 7, 2014 announced that they will be banning imports of agricultural products and food from the United States, the European Union, Australia, Canada and Norway as retaliation to ill-advised Western sanctions against Russia.

Russia Prime Minister Dmitri A. Medvedev said that they will ban importation of pork, beef, fruit, vegetables and dairy products from the European Union, the United States, Canada, Australia and Norway for one year.

Russia is one of the largest market for agricultural exports that amounted to 11.8 billion euros ($15.7 billion) in 2013. That will be a massive lost on the European economy, which is struggling with recession right now.

Russia imported $6.7 billion of meat and meat products in 2013, and most of them were imported from countries that are included in the ban like Denmark (6.6%), Germany (6.4%), USA (5.3%), and Canada (3.8%).

As for Canadian, their $500-million Russian market for pork will be hard to replace. Ireland exported €150m of food and drink to Russia in 2011, and now that market is gone. Irish economy will definitely feel the pain.

European shares dropped as an effect of this ban. In Finland, they are worried that their struggling economy is headed for disaster. 

Russia is still thinking about banning flights over Siberia that will have huge effects on European and American airlines routes to Asia.

Clearly, Barrack Obama and the European Union puppets didn't think this through. Why would you impose sanction on Russia for the Ukraine crisis? US didn't get sanctioned when they invaded Iraq. European Union should have shrugged Barrack Obama's pressure on hitting Russia just because he didn't get what he wants. Barrack Obama is like a spoiled child who throw tantrums when he don't get what he wants, and the European Union leaders are like his nannies who want to please him all the time even though their people will suffer in the end. U.S. Government should just stop sticking their nose on things that doesn't concern them. This is an epic failure on Barrack Obama's foreign policy. If the European Union goes into deep recession, they just have to look at the mirror and blame the gullible moron standing in front of them.

Obamacare Premiums Rising

California officials said that the more than 1.2 million consumers in the Obamacare insurance exchange can expect an average rise in premiums of more than 4.2% in 2015 on California's health insurance exchange.

In other major urban areas will have higher increases than the average, San Francisco had the highest average increase of 6.6%. Orange County is at 6.3%, while Los Angeles was at 4%.

You can check your coverage if it will be affected by the new rates at Covered California's online rate calculator.

The average premium increase for 2015 for the 24 states and the District of Columbia will be at around 7.5% based on the findings and analysis of PwC's Health Research Institute.

Covered California will have 10 insurers next year, including major insurers such as Blue Shield of California and WellPoint Inc.