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Bill Gross founded Pacific Investment Management Company in 1971 and built it into one of the world’s largest fixed income managers. The company has more than $750bn of assets under management and is now an independent unit of Allianz, the German financial services group, which bought the bond manager in 2000.
The 63-year-old author of Everything [...]

the video is from yesterday http://www.cnbc.com/id/15840232?vide  and he sees the 3 handle on the long rates  next year.
 

Eli Broad, a billionaire businessman, has given away more than $650 million over the last five years, to Harvard and the Massachusetts Institute of Technology to establish a medical research institute, to the Los Angeles County Museum of Art and to programs to improve the administration of urban schools and public education.
The rich are giving [...]

Bill Gates and his wife Melinda have donated $10 million for the improvement of the living conditions of the urban poor in South Africa.
The South African Federation of the Urban Poor on Thursday disclosed this in statement saying the money was donated by the Bill and Melinda Gates Foundation.
The money would be directed through the [...]

Financial Times: Why is education such a focus for you?
Eli Broad: I think it’s the biggest problem America has. If you really look at drop-out rates, Detroit is the worst. Only 23 per cent of kids graduate. In most urban areas it’s about 50 per cent graduate. And if you see what’s happening in other [...]