CALIFORNIA | LOCAL
August 12, 1998
In Steve Forbes' article, "Make Them Give Back Our Money" (Commentary, Aug. 7), he lists 10 things Congress should do to modify the income tax and ends with a "pro-growth, pro-family, single rate system." Does anyone really believe that Congress won't find amendments that will give special treatment for their friends? The only way to resolve this problem is to eliminate the income tax completely. It can be done, as I have written previously, by imposing a 0.15% tax on international monetary transactions, which would yield over a trillion dollars per year.
June 28, 2012 |
Another strike against California when it comes to hosting businesses and boosting careers: A list ranking the country's 200 largest metropolitan areas on those scores doesn't have a lot of good news for the Golden State. Half of the bottom 10 cities are from California, according to the list from Forbes . Newly bankrupt Stockton is ranked 196; Merced is 199th. Modesto, with its 17.7% unemployment rate, is dead last. The highest-ranked California city is San Francisco, the only community in the state to make it into the top 25 in seven years.
April 9, 2013 |
Every year, Forbes magazine releases a list of the most valuable franchises in sports, but recently they have been branching out to do other sports-related money lists. The one they came out with on Tuesday is sure to get people talking. Forbes took a little-known stat, wins produced, and compared it to the salaries of each NBA player and came up with a list of the 10-most overpaid players in the NBA. Players who have been injured most of the season, such as Amare Stoudemire and Derrick Rose, weren't eligible.
November 28, 2012 |
Forbes magazine published its annual valuation of NHL franchises on Wednesday and anointed the Toronto Maple Leafs as the league's first billion-dollar club. Forbes' numbers are sure to cause a lot of discussion, partly because individual teams and the league always dispute the calculations. Forbes relies on estimates in many cases and public information (such as the value of TV rights deals) and doesn't have access to teams' financial ledgers. Its findings show a greater economic gulf between the league's strongest and weakest teams even as there's more parity on the ice. Among those findings: The three most profitable teams accounted for 83% of the league's $250 million income for the 2011-12 season, and 13 of the league's 30 teams lost money before non-cash expenses and interest payments.
June 26, 2013 |
When does an author know she's made it? Is it when her first book is published, she gets a deal with a major publisher, her book tops bestseller lists, the movie contracts are signed? All those things have happened in the last year or so to virtually unknown writer E.L. James, thanks to her erotic novels "Fifty Shades of Grey," "Fifty Shades Darker" and "Fifty Shades Freed. " Now Forbes has given her another measure of success, placing her at No. 42 on its Celebrity 100 list. While James isn't at the top -- Oprah is No. 1 -- she is the highest ranking author on the 2013 list.
July 13, 2012 |
A poison pen proved to be a fine business model for Taylor Swift, the 22-year-old country-pop artist who topped Forbes' annual list of the highest paid celebrities under 30 . Swift, who reportedly raked in around $57 million between May 2011 and May 2012, leads a top 10 packed with female pop singers. Rihanna came in third at an estimated $53 million for the same period, while Lady Gaga was fourth at $52 million (though a significant drop from her No. 1 slot last year at $90 million, due to a gap in touring)
July 17, 2013 |
On Wednesday, Forbes released its annual list of highest-paid actors and, for the first time, Robert Downey Jr. topped the list . The man best known these days for playing Tony Stark had raked in $75 million between June 2012 and June of this year, best among all actors. News reports were breathless -- not least of which the report from Forbes itself, which touted his success as a coup of sorts. “It's hard to remember that just a few years ago, Downey was box office poison, and regarded by the studios as damaged goods.” Now, the magazine said, “he's a hit machine.” Well, Marvel is the hit machine -- Downey has struggled outside it -- but that's a separate post.
September 16, 2013 |
Five years after the financial crisis, the mega-rich have regained all the wealth they lost during the recession, setting a new record value for combined net worth, according to Forbes' 400 richest Americans list released Monday . The annual report showed that America's wealthiest have a combined net worth of $2.02 trillion, the highest value ever recorded by Forbes. That's up from $1.7 trillion a year ago. Microsoft Corp. co-founder Bill Gates took the top spot for the 20th year in a row. His net worth is $72 billion, up from $66 billion a year ago. Top 10 richest people ever led by 14th century African king Warren Buffet, chief executive of Berkshire Hathaway Inc., came in second place with a net worth of $58.5 billion, up from $46 billion a year earlier. The Forbes report said that the wealthy have been boosted by the rising stock market and real estate, which have recovered strongly since the economic downturn. The top 10 included Larry Ellison, co-founder of Oracle Corp.
January 8, 1986
Forbes Inc., publisher of Forbes magazine, did not disclose financial details but did say the sale includes other assets of American Heritage Publishing Co., including its book division and a smaller magazine, American Heritage Magazine of Inventions and Technology, published three times a year. American Heritage Magazine has a circulation of 150,000.
August 21, 2009 |
In the realm of power list injustices, this one was a stinker. Forbes magazine released its annual "100 Most Powerful Women" list Wednesday, and Walt Disney Co.'s Anne Sweeney appeared to suffer a bruising fall from grace. A year ago, Sweeney -- who as co-chairwoman of Disney Media Networks oversees such influential TV institutions as ABC, the Disney Channel and ABC Family -- ranked a respectable No. 30. This year, even though her job didn't change, Sweeney came in at No. 98. Forbes, say it isn't so. In fact, it wasn't.