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...surprise, in light of the global economic recession, that the world's richest nations have failed to deliver much of the aid they promised Africa four years ago. But campaigners are not letting the Group of Eight (G-8) industrialized countries off the hook. According to ONE, an advocacy group founded by U2 singer Bono, most of the blame for the shortfall in pledges made at the high-profile Gleneagles summit in 2005 rests on just two countries - Italy and France. Italy, which next month hosts a summit of G-8 leaders, has delivered a minuscule 3% of the amount...

Author: /time Magazine | Title: Why Wealthy Nations Are Stiffing Africa | 6/12/2009 | See Source »

...Absent its own benefactor, Real Madrid, the favored club of Spain's establishment, owes its deep pockets to a powerful brand and unrivaled commercial skills. Owned by 80,000 of its supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

President Felipe Calderón is also critical of the media spotlight shining on Mexico. He was particularly incensed when Forbes magazine included Mexican drug trafficker Joaquin (El Chapo) Guzmán on its richest list - he was put at No. 701, with an estimated net worth of $1 billion. "Magazines are not only attacking and lying about the situation in Mexico but are also praising criminals," he said in March, following the Forbes choice. (TIME later went on to include Guzman in its TIME 100 list, noting that criminals are, unfortunately, influential in today's world.) (See pictures...

Author: /time Magazine | Title: Guns, Germs and Recession: The Curse on Mexican Tourism | 6/11/2009 | See Source »

...Richest Man in Town: The Twelve Commandments of Wealth By W. Randall Jones Business Plus; 242 pages...

Author: /time Magazine | Title: Suzy Welch on How to Make a Sound Decision | 6/1/2009 | See Source »

...Bernie Madoff bankruptcy trustee, Irving H. Picard, may be the hardest working man in the collections business - and maybe one day the richest...

Author: /time Magazine | Title: Irving Picard at Center of Post-Madoff Storm | 5/30/2009 | See Source »

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