bill gates and investor and berkshire hathaway c.e.o. warren buffett but this year we see the emergence of bric countries as key players making up half this list well the u.s. begins to lose its grit and while we all anxiously await the release of this list annually to get a look at the who's who and get excited and dreaming about what every one of us we do with that much money we can't help but notice the disparities based years for lists broken records the total number of billionaires one thousand two hundred ten and the combined wealth of four point five trillion dollars all that while the wealth gap in the united states is at a historic level and while the top one percent of the population in america own more wealth than the bottom ninety percent combined to hear this with me as i am hurst economist at the center for american progress thanks so much for being here thank you i mean first of all these guys are rich over a lot of money they're really rich and you know there's four point five trillion dollars in combined wealth with forb

well, today, bill gates, whose foundation spends hundreds of millions of dollars on u.s. schools, called out state officials for incompetence, wasting money and making grave mistakes about teaching american kids to succeed. and ron claiborne is here with what was really a wakeup call. >> reporter: that is right, diane. it is not often bill gates, one of the richest people in the world, inserts himself into one of the hot button issues in american politics. but he is doing that now, voicing radical ideas on how to make schools work and sharp criticism about who is to blame for why they have not. at today's conference, the soft-spoken gates was on the attack over how states are dealing with the crisis in american education. >> the guys at enron never would have done this. i mean, this is so blatant. so extreme. is anyone paying attention? >> reporter: for the past year, gates has been focused on how to make schools and teachers better. and how to pay for it. >> state budgets are a critical topic, because here's where we make the real trade-offs. if we make the wrong choices

>>pam: bill gates is no longer the richest person in the world. in forbes magazine, mexican businessman carlos slim has taken the top spot. he is worth $60 billion. bill gates is in second place largely after giving away $28 billion or more. to charity. warm off it runs out the top three he is worth $47 billion. the market on wall street is 2 years old, as stephanie tells us what that means for your money. >>reporter: on march 9, 2009 stocks hit rock bottom because of the financial crisis. just two years later, the market is riding high. over the past 24 months the s&p has nearly doubled in value while the dow has surged 87%. that means retirement accounts, mutual funds and other investments are posting strong returns. yes and he passed 500 you could see the debt the market took in march 2009 when stocks plummeted. the rebound has been impressive. although the markets have yet to regain the levels seen before the recession. they expect the rally will lose steam at some point this year. if you can catch up on this run that you may have a good oppor

analyst say microsoft co- founder bill gates gave away his title. literally. that's because he donated more than a third of his wealth to fund global health and u.s. education initiatives. gates is still expected to rank as the second richest man in the world worth about $49 billion. mexican tycoon is expected to pass gates with a fortune of about $60 billion. >>> this is fat tuesday. mardi gras. and the celebrations are in full swing in new orleans. ♪ [ music ] >> new orleans could be called the mardi gras capitol of the world and the party started before sunrise there. costume revelers climbed aboard their floats at the superdome and paraded through the city. last year's oil spill on the gulf coast was a popular theme. five women wore grass skirts and hats with bp logo while others dressed as members of an oil clean up crew. mardi gras is traditional bash before the season of lent leading up to easter. >>> coming up on ktvu channel 2 news at 5:00 in just a few minutes officials will release the latest census numbers for california. and that includes data on

i think it's because everybody wanted to hear bill gates. i think the reason is because of his extraordinary accomplishments over so many years. i don't think he needs an electorate introduction, but i would like to make a couple of points. today, bill is essentially the biggest and greatest philanthropists in the world. he has given $30 billion of his own money to his foundation, and that foundation has to date given away about $24 billion to causes we will talk about, including k-12 education in the united states and health care in the developing world. he has become not only a big donor to these causes, but someone actually committed and knowledgeable about the causes and brought to with the intelligence and dedication and focus he brought to his business career earlier. his business career is also legendary. he left harvard in the 1970's and started a company later named microsoft. he built it into the largest technology company in the world. at one. it had the highest market valerie of any company in the world's history. he revolutionize

between april to june. 14% of companies surveyed in the first quarter, though, expected to hire. >>> bill gates has lost his grip on the title of world's richest man. gates will be number two on the "forbes'" annual list for the second-straight year. he is bemind mexican tycoon carlos slim. >>> and a new ipad app launching today lets users create a personalized digital magazine. it searches the web for articles that match your interest and gets more accurate the more you use it. it's available for a free download. >>> there's a new delay for broadway's most expensive show ever. today's "new york times" says "spider-man-turn off the dark" will be overhauled. the show's been plagued by high-profile problems, injured actors and tough reviews. crowds don't seem to mind. preview performances have actually been sold-out. >> i'd like to see it. >> it looks good. >>> coming up next on this wednesday, the ceo of a major clothing chain, accused of keeping a worker as a sex slave. >>> and then, the california fish kill that even experts are calling quite unusual. >>> and one retired football star making a

bill gates is not expected to be number one. analysts say the cofounder of microsoft gave away the title. he donated more than a third of his wealth to the bill and melinda gates foundation. don't cry for him though. gate is still expected to be the second richest man in the whole world. >> nice. >>> sheen is officially fired. but he claims the paychecks will keep coming. >>> also the surveillance video scdepartment continues to grow this morning. >>> and here is a look at the mccarthur maze. you can see the traffic is really looking good. we'll have more hot spots coming up in a bit. >>> good morning, low clouds. some fog and drizzle give way topmostly sunny skies. there are wet streaks out there due to the morning drizzle. after that highs will be in the low to mid 60s. >> thank you, steve. the suspect in the arizona shooting rampage may be moved from a jail cell to a hospital. they asked to commit him to a federal facility. they want to determine if the 22-year-old suspect suffers from a serious mental defect. >>> the coroner

bill gates lost his title as the world's richest man in 2010. 3 or his wealth to the bill and melinda gates foundation, he would likely maintain the title.the 2011 billionaires list is due from forbes on wednesday and in the top 3 for 5 years, gates, investor warren buffett and mexican magnate carlos slim are most likely to be in it. he has no one to blame but himself. warren buffett also gave away a third of his money to charity. we will be right back as the kron 4 morning news continues right after the break. 3 >> mark: welcome back to the kron 4 news. here is a look at your 7 day around the bay. win a pheromone a call today '60s around the bay, looks like rain back in the forecast for tomorrow clearing the cooler for friday, saturday showers back sunday-monday. new details on the ongoing nfl labor negotiations the football league has offered to turn over five years of profitability data but that offer was rejected they have long demanded that the leak gave them access to the financial data the two sides have to friday to reach a deal if not a

magnate mexicano, ling, se ubica como el más rico, tiene 74 mil millones de dólares, y le siguieron bill gates

capital en 20.500 millones de dolares arrebatandole, una vez mas, el trono de los millonarios a bill gatess sumas de dinero, en las manos de este empresario, se cuenta que vive en su casa de toda la vida y ha sido catalogado como un hombre moderado en sus gastos. cu ---a ver si nos das buenas noticias en el pronostico, mi querido ariel rodriguez !!!! take pkg take pkg ---- ariel rodriguez: un debil frente se acerca a la region y provocara la mayor posibilidad de lluvia en el norte de la bahia el jueves...luego veremos condiciones tranquilas el viernes y el sabado otra leve perturbacion nos traera cielos mas nublados...=== = cu ---- y no se me duerma, porque viene la farandula .... ya en dos minutitos ! take vo ---mientras convencemos a nuestra pasante gabriela que se presente en el miss universo por venezuela, le anuncio que las concursantes por nicaragua y republica dominicana ya estan elegidas ! take pkg roll open take pkg gracias... --- y este es el momento en que le entregaban la corona a la nueva miss nicaragua..la joven "adriana dorn rodrguez", administradora de empresas y especialis

. >>> bill gates is no longer the world's wealthiest person. a mexican billionaire. >>> finally this half hour, you might think working the graveyard shift here at abc news would make us the happiest people in america. shockingly, we're not. >> i haven't slept in like 2 1/2 weeks. i think there's a lot of people like that around here. according to this gallup poll, the happiest american lives in hawaii. no shocker there. here's john berman with more. >> reporter: magnum p.i. always seemed very happy. a tall, young single guy living the good life in hawaii but it turns out he could have been even happier. how? well, if he had been older, married and also an asian-american jew. if you are going to build the happiest american from scratch based on things like job satisfaction, health and comfort, what would he look like? "the new york times," using data from gallup/healthways data index has an instruction manual. first off, be a man. men report being happier than women. move to hawaii. no surprise the happiest place in the country. find god. faith

these are controlled by a bill gates one of the. if i have a family member killed by the bill gates wannabe i would be enormously upset. what is the impact? when they are surgically applied, that is great but a family of six is killed and then it sets us back so far i question the net effect. >> i don't know. you can argue either side, i don't know. i know what i would do if i was in charge. but that doesn't mean that we are not right and stirring up the hornet's nest and that it gets back to the great hall that radical islam has on the villages out in the middle of nowhere. i don't know the answer. i do know one thing but al qaeda has put the word out are you more concerned about your enemy? if al qaeda or the taliban were concerned the compounds with the kids they are trying to use them as a shelter. i tried to put the word out to common no three operatives will go to any outside cafe and that is how scared they are. no three of them will get together. you can figure the marine would give you that answer. [laughter] >> i wonder ho

again, not to quote bill gates again, but look at bill gates. this is a businessman with a remarkable record of innovation, and providing. these are the most effective uses of the taxpayers money than we have to point to. >> the question is he referring to the savings of lives, which is laudable thing, or referring to the success of the american businesses? this maybe both. i don't know if i have time for a question. >> saving lives is what he's talking about. >> right. not necessarily, but bajaeen banking. do i have time for that? >> no. maybe next round. >> thank you. >> thank you, mr. secretary, for being here. i'm going to change the course here. let's talk about the new york stock exchange now being owned and purchased by a foreign company, and as far as providing financial services for the iranian government and businesses, in addition, at least $2 billion in iranian funds held by clear stream have been frozen as part of the effort by the families and u.s. military marines killed or injured in the 1983 terrorist attack on the marines in be

. >>> there is bill gates. he's no longer the richest guy in the world. >>> good morning, to you welcome back. time now 6:14. we are covering developing news coming from libya this morning. moammar gadhafi is trying to work out a deal with them. ktvu alison burns is following all of this from our washington, d.c. newsroom. alison. >> reporter: dave, these are the first significant reports that moammar gadhafi is considering stepping down. problem is his government says they are just not true. his forces have been fighting fiercely to do all they can to crush the opposition. this is the after math of the fighting in a key oil refinery town. this video is airing on libyan tv as rebel leaders say gadhafi is working on a deal to leave the country. they say he will step down if the opposition can guarantee him safe passage and protect him from prosecution. meanwhile nato is boosting surveillance planes over libya and debating a no fly zone. >> this option is on the table. >> again that was jay carney for the white h

now conversation with microsoft chairman bill gates. he discusses his philanthropic organization, called the bill and melinda gates foundation. his career at microsoft and global healthcare. david rubenstein, co-founder and president of the economic club in d.c. moderates this 1-hour discussion. >> we're pleased and honored to have bill gates as our special guest. as i said at the outset, this is in 25 years the biggest turnout we ever had and i don't think it is because the interviewer skills were so great. it is because everybody wanted to hear bill gates. i think the reason is because of his extraordinary accomplishments over so many years. the don't think he needs and a leopard introduction by would like to make a couple points. today he is the biggest collector past and greatest philanthropists in the world. he has given a $30 billion of his own money -- [applause] -- to his foundation and that foundation has given away $24 billion to causes we will talk about including k-12 education in the united states and health-care in the deve

experts say bill gates gave away his title. that's because he donated more than a third of his wealth to fund global health and u.s. knickstives. he's set to rank as the second richest man in the world. mexican tycoon carlos shown is expected to edge him out. >>> there is a winner with the phones. nokia system is still the most popular on a global basis. >>> 7:20. sad news that involves a well- nope fitness guru. his unpected death -- unexpected death right near his home. blatche >>> look at this. indion police are defending a decision they made for this baton charge against crick et fans trying to get by and they said they did it to avoid a stampede situation as the fans pushed ahead to get the tickets. thousands of fans lined up to buy the tickets on saturday. "the india press" reports minor injuries. >>> charlie sheen has been fired by warner brothers but we're told he may keep getting a paycheck from his former show. sheen's spokesperson says he will still continue to get paid as long as the show "two and a half men" is in

microsoft's bill gates came in second with $56 billion. number three was investor warren buffet worth $50 billion. and oracle's ceo is worth $40 billion. >>> mark is here with sports. with the warriors almost seems like you are getting to the point where you will see, well, there is always next season. >> just about that tint. at the end of the day it is what it is. whatever. a few overused current expressions for people who can't really think of anything else to say with regard to a particular situation. that's the case with the warriors. what more can you say about the same old thing. ashley gave up for lent her habit of dating profession at these. she is dating someone on the net. >> the warriors take a two point lead. 15 tonight for currie. a little more than a minute left in the game. the warriors led by one. lopez makes the bucket and the foul. takes the two point lead. lopez has 26. not a rookie. comes down to this, less than ten seconds left warriors down two. williams is no good. they lose 94-90 to conclude a less than mediocre ro

boston today, brought together president obama and melinda gates, wife and philanthropy partner of bill gates. tomorrow the forbes list of the wealthiest people in the world will show gates has dropped down to second place because of all the billions he's given away in his charitable efforts like education. which brings us to our series of reports, "education nation." tonight a new film on education, and what life is like for some parents and their kids. it's called race to nowhere, and as you might be able to tell by the title, it questions what all this work and stress on our kids is all about in the end. our report tonight from nbc's kate snow. >> reporter: for a few minutes right after school, the andano kids are all in one place before they scatter. >> come home before practice. come home again, dinner, shower, homework, and then go to bed. >> the price of oil is going to go up. >> reporter: rachel is feeling a lot of pressure to get into a top college. all four kids have head-spinning schedules. >> ap classes. >> swim now. >> i play hockey. >> i play tennis. >> it was so overwhelming to

bill gates whose foundation spends hundreds of millions of dollars on u.s.hools is calling out state officials for incompetence. at a conference in new york soft spoken gates are on the attack of the crisis on american education. he says they're wasting money and making serious mistakes teaching kids how to succeed. >> the guy's at enron never would have done this. this is so blatant so extreme. is anyone paying attention? >> gates is even challenging the notion that smaller class size is better. he proposes the best teachers actually take on more students and be paid more so children can benefit from what those teachers do right. >> facebook.com founder mark zuckerburg has a new fan. senator john mccain. he says he's a hero because helping the uprising in egypt and libya. mccain talked about how social media technologies helped their causes. facebook.com updates probably helped more. now the question is whether zuckerburg will friend mccain. >> there's new optimism that amelia earhart could be solved soon. a dive team is preparing to investigate the wreckag

bill gates was made a night in 2005 and although steve jobs on his third medical leave, he may show up tomorrow's unveiling of the ipad ii. >>> topping our health watch tonight, having an optimistic outlook on life may lead to a longer life. research from duke university shows that positive thinking may increase survival rates in patients with heart disease. the study found heart patients with the highest expectations were 17% less likely than those with less positive attitudes. they found those most optimistic followed treatment plans more diligently. >>> charlie sheen is again opening up his home an life to the media, sharing details of his love life with jeff rosen. he said he is in complete control of his life and shares his mansion with two women. one, a porn star, the other a model, help give him all the support he needs. he said he would return to "two and a half men" if they gave him a $1 million raise. >> we're going to have an open dialogue and fix it and it's going to be good and everybody's going to win because they followed guess who's plan? mine. >> he said since sheen ha

bill gates is second; warren buffett, third. and for the first time, countries outside the u.s. can now boast of having more than 100 billionaires. china has 115 while russia, 101. >> susie: with more americans facing foreclosure, tonight's "money file" is here to help. here's john simons, editorial director of personal finance at "black enterprise." >> last year, there were more than 1.2 million real estate repossessions. this year's foreclosure tally is likely to be even higher. for many american homeowners, foreclosure is looming and very real, but it is possible to rebound from such a crushing circumstance. here are six stepso emotional and financial recovery. one: before your bank confiscates your home, locate affordable rental housing. two: if you've lost your job, secure new sources of income, whether through unemployment benefits, a temporary placement, or part-time work. three: regroup emotionally. don't blame yourself or other family members for your predicament. commit to working as a team to rebuild. four: educate yourself on intricacies of personal finance. learn ho

finally, in business gossip, microsoft co-founder paul allen claims former partner bill gates plotted to water down his stake in the company before allen left for cancer treatment in 1983 and tried to buy him out on the cheap. allen makes the claim in an upcoming expert from "vanity fair" says gates later apologized. >>> the wizards tangle with the heat and the blues pound on the wings and carmelo comes up big again. plus an absolutely shattering experience on the ice in north carolina. your early morning sports headlines are straight ahead. >>> on this last day of march, we're watching wet weather exiting the east coast while the west coast, you're warming it up. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, carmelo anthony and the new york knicks rallied from way behind last night to beat their cross river rivals. here's nbc's fred roggin with an early look at all your sports headlines. >> good morning. the nets called last night's game their super bowl, an opportunity to show the world they c

bill gates does not need an introduction to any of us here. the work of his foundation that he and his wife melinda started in the bill and melinda gates foundation is synonymous with education, innovation, and improvement. working with federal and state leaders, educators, and for north to make the promise of a quality education a reality for more americans. the foundation's higher education goal is simple and inspiring. by 2025, the u.s. will double the number of low-income young adults who have a post-secondary credential with labour market value. today, bill gates has joined us to share with us his insights about how we can achieve that ambitions and necessary goal. governors must play a role. it is a great pleasure for me to present to you a fellow washingtonian, but really an individual who is a citizen of the world, bill gates. [applause] >> thank you for having me here. for this opportunity. i also want to thank you for the incredible amount of time all of you put into education. i think it is the key topic for the future of the countr

. >> reporter: we caught up with bill gates promoting khan academy at this year's t.e.d. conference, which focuses on new ideas. >> it's phenomenal. it's the cutting edge of where education is going. >> reporter: the gates foundation and google recently donated a total of $3.5 million to help turn khan's not-for-profit into a global classroom. >> hopefully khan academy will teach people there are no such things as geniuses or everybody is. >> reporter: a philosophy that's opening doors of learning all over the world. kristen welker, nbc news, mountain view, california. >> where was he when i needed him. that's our broadcast for this thursday night. thank you for being here with us. i'm brian williams. we hope to see you right back here tomorrow evening. good night. >>> right now at 6:00, a bay area muslim group comes under attack in washington, d.c. whyhey say the hearing necessary for national security for one lawmaker are putting us all in danger. >> i'm jodi hernandez in martinez where i received an e-mail revealing a major new development in the growing alleged police

have a repetitive from dcyf to present on this. >> before you is an except/expend for the bill and melinda gates foundation to award the city $3 million. it is a three-year grant which runs from august 2010 until august 2013. it will fund the san francisco bridge success program, a partnership between the city and county of san francisco, sfusd, and city college. the purpose of the program is to double the number of low income youth who earn post secondary degrees by age 26. in the partnership, the three different entities will share information, data sharing, research together, specifically on the city's and, we will be working to align our funding for student workforce development, preschool, and after school for school readiness. and also, the city will serve as the primary fiscal sponsor, as we will be providing the fiscal and programmatic reports to the bill and melinda gates foundation. city college will participate. one of their main implementations will be looking at program and policy changes to improve sf usd access for students. in addition, they are working on implementing programs a

bill gates' wealth is shrinking as he continues to give his money away.e stays at the second spot with $56 billion. an warren buffett is in third place with only, only $50 billion. i mean, really. >> and they give much of it away. thank you. >>> christina loren has a look at your rainy forecast today. good morning, christina. >> good morning, scott. it is looking pretty slick today, but we have a little bit of time before the rain arrives in the east bay. right now we are really mild in terms of our temperatures. the upper 40s across the board. 51 degrees in san francisco if you are headed that way this morning. you are going to climb in temperature on your way. as you can see we have moisture in the area. and fog formation is possible this morning. we have pretty good visibility in the east bay right now, but we'll continue to watch that all morning long. take a look at what's headed our way. a system of low pressure right now is bringing rain showers to northern california. eureka and chico this morning will see those showers as well. the east bay will

then, microsoft chairman bill gates will speak. after that, first lady michelle obama and secretary of state hillary clinton will host the international women of courage awards ceremony. following that, the prime minister of australia. >> this week on "the communicator's," a discussion of policy with the chairman of the house subcommittee on communications. >> greg walden, if you could start us off this week by telling us, what is your legislative agenda for the 112th congress? >>. the numbers we are -- we have a number of issues we are going to take up regarding communications. first of all its net neutrality. obviously, we have been through the hearings and i am sure we can get into that in detail later in the program. second is the process of reform. some reforms have been good income and i am not picking on this commission. i think -- have been put in, and i am not picking on this commission. i think people have some criticisms about how we are moving forward. there have been big changes late at night, kind of what congress was

bill gates is second with $56 billion.uld have actually been first had he not given a third of his fortune to charity. and warren buffett, who plans to give away 99% of his wealth, is in third. betty, i just keep thinking how much of my wealth do i want to give away? hard to part with so little money. >> let's just say neither of us are on that list. >> right. >> in any capacity. all right, ashley. thanks for joining us live here in new york. >>> lindsay lohan returns to court in los angeles today. and a source tells the associated press she will not accept a plea bargain in that jewelry theft case. accepting the plea deal would mean at least some jail time for the actress. lohan denies stealing a $2500 necklace from a jewelry store back in january. security video shows her trying on the necklace and wearing it as she left the store. >>> also due in an l.a. court tomorrow is mel gibson. celebrity website tmz quotes a source saying the actor will plead no contest to his former girlfriend's charge of domestic abuse. by doing

bill gates and warren buffet follow with $56 billion and $50 billion respectively. oracle's larry ellis son is fifth on the list. >>> let's focus on the weather. some rain and sounds like it is coming back our way. >> sandhya patel has the latest for us. >> some will wake up to the piter patter of rain drops. here is a view from the high definition emeryville camera. this is the way it looked today. the sunset at 6:11. and by this point most of the cloudiness stayed down and it had moved out of the area. it was a lovely sunset. the numbers in the 40s and the 50s. here are the highlights. a quick shot of rain tomorrow. a break comes on friday and more rain is expected late this weekend. so let's talk about the rain. san francisco so far this month has received $.65 of an inch. the average march rainfall is over three inches. we have a long ways to go to get to the three-inch marker. when you look at seasons so far, the entire season all the way through, san francisco has got 19 inches of rain and the season average -- the season ends june 30th. we still have a few mo

that's almost $20 billion more than bill gates. most of his fortune comes from his holdings in latin america's largest phone company. moving up the ranks is facebook founder mark zuckerberg, who had the fastest-growing net worth, who tripled at $13.5 billion. landing him at 52. and another facebooker made his debut at the youngest member on the list. dustin maskovitz is worth $2.7 billion. >> should have taken that job at facebook. >>> when we come back, the first new drug in a half-century to fight lupis. >>> and for the third time in just a week, a teenage athlete dies on the field. >> unbelievable. >>> also, the a-lister who will play sarah palin in a new tv movie. and it's not tina fey. ♪ there are milestones that no parent wants to miss. let's see, there's first steps. first words. first time riding a bike without training wheels. and the first vacation memory that will last till roughly... forever. now, there's a first. tell us what you've always wanted to do, on facebook. [ ship horn blows ] but sometimes i wonder... what's

everything from harvard to hollywood to the bill gates foundation. but i think the more we have contacts with other peoples, the more you get face-to-face contacts, the more essentially we're able to get an understanding of american values. it's not by broadcast, it's these context. 750,000 foreign students at this country every year. that's a great source of soft power for us. >> rose: when you talk to people in the middle east before egypt happened they would always say there was a speech in which showed a respect and an understanding of the conflicts in our region but there were not followed by deeds and followed by actions that were likely to change things. >> rose: i think that's a problem. your narrative doesn't last if you don't have actions that are consistent with your words. >> right. >> so that's true and if you look at the pew polls done globally. you will find we do less well in the muslim world than let's say in europe or asia or latin america. >> rose: there's another idea of the 21st century called american decline. >> uh-huh. >> rose

and i know these drone attacks, as i understand it, are controlled by bill gates wannabes in california with their joysticks. >> right. >> now, if i had a family member killed by a drone attack and controlled by a bill gates wannabe 10,000 miles away, i would be enormously upset. so my question is what is the impact of these drone attacks? when they are surgically applied, that's great. but you read about these things where a family of six is killed, and i think just one of those incidents sets us back so far, that i just question the net effect of the drones. >> you know, i just, i don't know. i mean, you could argue either side of those kinds of things. i don't know. i know what i would do if i were in charge, i'd crank 'em up even more. but that doesn't mean that you're not right and that what we're not doing is just stirring up the hornet's nest. and that get back to this great hole that radical islam -- hold that radical islam really has on these villages out in the middle of nowhere. i just don't know what the answer to that is. i do know one thing, al-qaeda has put the word out w

bill gates is second with $56 billion. he would have been first had he not given a third of his fortune away to charity. and warren buffett who plans to give away 99% of his wealth is third. that's your moneywatch. for more, stay with cbsmoneywatch.com. in new york, i'm ashley morrison. >>> starbucks is facing a lawsuit over its tip jar. it stems from 2008 when a customer in st. louis tries to stop a teenager who stole the tip jar. they got in a fight and the 54- year-old fell down and hit his head. he actually died two days later. now his family is arguing that starbucks invited the crime by having the tip jar on the counter. they also claim the company should have warned customers about the potential harm. >> that's a little crazy, huh? >> yeah. dangerous. >> getting a coffee? >>> well, the time now is 4:46. president obama's message to bullis, how he is using facebook to reach out to students. >> plus could you do it? the 40-day challenge to stay off a social network. >> i'm addicted. >> i'm, too. >> your morning cup do

bill gates second, warren buffett third. there were a total of 1200 billionaires on the list this year compared to about a thousand last year. >>> byron wien is a wall street legend famous for his list of ten surprise. he joins me right now to talk more about all of the issues of the day. byron, it's great to have you on the program. >> always good to be here. >> thank you so much for joining us. let me begin with this terrible earthquake in japan. what economic impact do you expect this is going to have? i mean, it's having an impact we see worldwide both long and short-term. so what is your take on this? >> well, japan's a third largest economy in the world. this is clearly going to affect the economy there. it's obviously affecting the mood and attitude of investors there. so i don't think you can assume this is something that is going to go away in a few days. that's the bad news. the good news is it wasn't in a key economic area. it wasn't like it was in tokyo or kobe. so my view is that it's an important event, but it

families to retroactively accept and expend grant funding in the amount of $3,000,000 from the bill and melinda gates foundation to fund the san francisco bridge to success program, a partnership between the city and county of san francisco, city college of san francisco, and the san francisco unified school district, to double the number of low income youth who earn post-secondary credentials by age 26 for the period of august 13, 2010, through august 31, 2013. supervisor chu: thank you. i believe we have a repetitive from dcyf to present on this. >> before you is an except/expend for the bill and melinda gates foundation to award the city $3 million. it is a three-year grant which runs from august 2010 until august 2013. it will fund the san francisco bridge success program, a partnership between the city and county of san francisco, sfusd, and city college. the purpose of the program is to double the number of low income youth who earn post secondary degrees by age 26. in the partnership, the three different entities will share information, data sharing, research together, specifically on the city

bill gates no longer the richest person in the world. will not be at the top list because he gave away one-third of his money. to $28 billion to charity. it dropped him down to second, forbes put out that list today. carlos slim is worth 60 billion. we will be right back as kron 4 continues after this break. all morning to atm users a new way these are trying to steal your money. we'll have that in a few minutes. >> mark: welcome back, another positive day the dow was up over hundred point yesterday, right now we see oil prices starting to ease. down under $105 a barrel. it looks like the rally will continue for another day. we will bring you the numbers through the morning. topping the news, these in san francisco found a way to steal money from atm customers. jackie with more. >> reporter: add this to the never-ending list of thieves separate people from their money. it works like the spirity include down several keys to the antar and a clear but some when the atm user uses the machine. they entered the pin #m and wind the buttons don'

the next steve jobs and build the next apple computer in his garage who's going to be the next bill gates who's going to be the next person who comes up with the incredible innovation who is going to be the next thomas edison well whoever it is that person better not have the misfortune of being born poor because because tom branstad or being born in iowa is not going to go to college and he did this to pay for two hundred million dollars tax cuts or operations in georgia governor nathan deal increased health insurance costs for state workers by twenty percent cuts seventy five million dollars from state universities now again in georgia you better do it is crazy stuff cut the stuff let's cut our intellectual infrastructure let's cut our in let's make our state workers pay more for their health insurance why has he had to pay for a thirty three percent tax cut for corporations are you starting to notice a pattern here in these republican governors in maine governor paul le page he cuts money from schools and infrastructure. that we don't need to stand in schools we don't need roads he rai

slim he has an estimated personal wealth of starvin t four billion dollars and number two with bill gates that as we said a number of russians making that list russia's actually increases number of billionaires from sixty two last year to one hundred one this year and is now home to fifteen of the world's hundred richest people also of the billionaires seem to be defying the downturn affecting everyone else so the big question is where's the money coming from. what we've seen the wealth of many of the people he made the list and indeed the billionaires residing in russia coming from real beaming commodities we've seen oil prices rising metals and other natural resources have all increased and helped with the world production of these individuals now we're actually stood on the street which is being named as one of the most expensive streets in the world and possibly if you hang around long enough you might bargain to one of these billionaires because seventy nine overshoes billionaires currently reside in most games making the capital home to more billionaires in any other city in the wor

don't think it's because the interviewer's skills were great, but because everybody wanted to hear bill gates, and the reason is because of his extraordinary accomplishments over so many years. i don't think he needs an elaborate introduction, but i want to make a couple points. today, bill is essentially the greatest philanthropist in the world. he gave away $30 million away of his own money. [applause] to his foundation and that foundation has to date given away about $24 billion to causes we'll talk about including k-12 education in the united states and health care in the developing world. he's become not only a big donor to the causes, but somebody actually committed and knowledgeable about the causes brought to the intelligence and focus that he brought to his business career earlier. his business crear is also legendary. he left harvard in the mid-1970s and started a company later named microsoft, built it into the largest technology company in the world, and at one point, it was a company with the highest market value of any company in the history. in doing that, he revolutionized the

. >>> you may remember last night, we began with bill gates, issuing a big wakeup call about how america our education dollars. and it's no accident that he issued that wakeup call at what's known as the t.e.d. conference, where there is always amazing news on t.e.d., technology, entertainment and design. and, now, abc news is becoming a partner. welcome to t.e.d., where the world's great minds come to dream the impossible and show that it's happening. >> not been able to walk for 19 years, until now. >> reporter: this is where, 26 years ago, apple first unveiled this little gadget for the home. recognize it? this is where sony explained they had this thing, a shiny disc that might replace the record. it's where al gore went to sound his alarm about the warming earth. and where chef jamie oliver shocked everyone with sugar. >> in the next 18 minutes, four americans that are alive will be dead through the food that they eat. >> reporter: and that sugar? turns out that's how much one child will take in after five years of drinking the chocolate milk they give out in school. just this week,

different different deal well you know i would suggest that if it weren't for patent laws copyright was bill gates would be worth a billion or two we wouldn't be worth forty or fifty that he's a he's a welfare queen. you know these laws keep getting gamed you know disney has been gaming this thing you know the mouse is copyright about to be well let's just roll it over let's just roll with it i would say without ok guys are all for it but i would i would say that harry had morris as i was he would have had laws we probably wouldn't have for instance the united states if we do better. the rates for cancer then put into the country overall those numbers are really really very arguable and secondly it's not a very bad well then i suggest you google it secondly shouldn't drugs should pharmaceuticals instead of pharmaceutical companies making because of dollars in the case in the case of this particular drug me thirty thousand dollars for pregnancy which a poor woman or uninsured woman cannot afford which means that she's going to die or a child is going to die or are going to have problems with this k

i do a compare his wealth to the stock of circulating money, and i did that with bill gates just before the crash of 08 and the financial meltdown. if bill gates could have sold his entire estate when he was the wealthiest man in the world at full market value for cash to american buyers, impossible, but a little fought experiment, he would have taken one out of every $138 in circulation would have gone into his bank account. it vanderbilt could have done the same using the cash and point and demand deposits in circulation at the time of his death he would have taken one out of $20. that is not an exact equivalent, but it gives you an idea of how fast the scale of wealth was. he left 95% to his oldest sun. he had it i think at the time of his death nine other surviving children. you would think would know, but there are some many things to remember. [laughter] well, one of his daughters -- and his children inherited his strength of will. one of his daughters thought somehow that was not fair. she started the trial, and it was the trial of the century. she had to prove that he was not es

bill gates does not need an introduction to any of us here. the work of his foundation, that of he and his wife melinda, started in 1994. what it has done and what it stands or speaks for itself. today, the foundation is synonymous with education, innovation, and improvement. working with federal and state leaders, educators, on to power doors, to make the promise of a quality education a reality for more americans, the foundation's higher education goal is simple and it is inspiring. by 2025, the u.s. will double the number of low-income young adults who have a post-secondary credential with labor market value. today, bill gates has joined us to share with us his insights about how we can achieve that ambitious and necessary goal. and the role that governors can play in that effort. so it is a great pleasure for me to present to you a fellow washingtonian, but individual who is a citizen of the world -- a bill takgates. [applause] >> thank you, all, for having me here. i want to thank governor chair e anire and the vice for this opportunity.