Hong Kong (CNN) – The world has at least 1,453 billionaires, with about half of those residing in the U.S. and China, according to the Hurun Global Rich List.
In terms of cities, Moscow is home to the greatest number of billionaires with 76, followed by New York (70), Hong Kong (52), Beijing (41) and London (40).
"For every billionaire that Hurun Report has found, I estimate we have missed at least two, meaning that today there are probably 4,000 billionaires in the world," said Rupert Hoogewerf, chairman and chief researcher of Hurun Report, a Shanghai-based publishing group that tracks China's wealthy.
(CNN) – The European Union has pushed through legislation that caps banker bonus at two times a banker’s salary, which has drawn an angry reaction from the city of London Mayor Boris Johnson, who calls the cap will help Wall Street and Singapore, drawing financial talent away from the City. "This is possibly the most deluded measure to come from Europe since Diocletian tried to fix the price of groceries across the Roman empire," Johnson said.
CNN’s Richard Quest explains the ramifications of the move.
London (CNN) – “Let’s stop all this talk of two-speed Europe, of fast lanes and slow lanes, of countries missing trains and buses, and consign the whole weary caravan of transport metaphors to a permanent siding.”
The irony is unmistakeable, but this was a serious call to plain speaking. David Cameron’s words, delivered early on in his seminal speech on Britain’s in the European Union, came as a cruel blow to those of us spending our days attempting to illustrate each tiny increment of this crisis with a language that often falls short.
The consequences are difficult to contemplate. We must wave goodbye to the train of European federalism, end all talk of capital flight, and as for the good ship QE…well, she will be consigned to the scrapyard of mere acronyms. And once you do that, there’s no going back. It’s a one-way ticket.
Much like the prospect of Britain leaving the EU, the potential mortality of our metaphors leaves us with a nagging doubt. Can we survive without this linguistic safety net? No sooner had Cameron finished speaking, the cries of protest against a “Europe a la carte” started up, and the French foreign minister Laurent Fabius hit back with a sporting salvo: “Imagine Europe is a football club and you join, but once you're in it you can't say, 'Let's play rugby.'” Had he simply said, “you can’t pick and choose your European experience,” we probably wouldn’t have remembered.
Editor's note: CNN is at the World Economic Forum in Davos. Follow CNN's coverage here.
Davos (CNN ) - "The future's bright ... the future's Orange" was the tag line for mobile phone company Orange's UK advertising campaign in the 90s. It was annoying but it caught on, and was regularly co-opted in conversation whenever someone was looking on the dark side of life. FULL POST
(CNN) – The 2013 forecast for European economic growth has turned into a prediction for decay. The European Central Bank on Thursday flipped next year's gross domestic product forecast from growth of 0.3% to a fall of 0.9% next year.
Martin Sorrell, CEO of WPP, told CNN's Richard Quest he fears Europe's growth problem will last more than just one year.
"This is a decade of slow growth. We are halfway through it. Hopefully we are halfway through it," says Sorrell. "And there's going to be another three, four, five years of tough stuff until we get out of it around 2017, 2018."
(CNN) - Fashion blogger Milli is the ultimate Millennial - young, confident and outspoken. She could be described as being an unguided missile. So is there an ultimate plan? CNN's Richard Quest finds out.
On board the California Zephyr (CNN) – Mary Jane Loder is 92 and taking the train from Denver to California; what's more, she is travelling alone.
“Why not?’ she says. Of all the people I have met on the California Zephyr, none has inspired me quite as much as Mary Jane, whom I was privileged to meet in the dining car.
Mary Jane held court at her table. Lively, witty, and with an infectious laugh that had everyone laughing with her; that is until we came to talking about this election. It's the most important, she believes, because of the state of the economy and the level of unemployment among young people. Giving them hope is crucial.
Iowa (CNN) – The face was oh so familiar. The words, I recognized at once. The way they were delivered amplified their significance. This truly was Abraham Lincoln; or in this case, Lance Mack, a Lincoln impersonator addressing a Civil War re-enactment in Bloomfield, Iowa. How appropriate that Honest Abe, arguably America’s greatest president, should be on hand to offer his 19th century wisdom to a 21st century problem.
Mack has an uncanny resemblance to his alter ego. It is more than just the beard. His face, long and languid; the mournful eyes; his stature, reaching way over six foot. All together, along with the top hat and long grey coat, and there, right there, was Abraham Lincoln. His audience, a group of school children, was spellbound. FULL POST
(CNN)– The plain modest clothes; the women in their white head scarves, the men with their braces and beards. They are quiet, polite and keep themselves to themselves. Riding an Amtrak train is a unique opportunity to see the Amish people up close - or at least as close as anyone from so far outside their close knit community is likely to get.
The Amish people reject modern machinery and the motor car, but train travel is acceptable for longer journeys. At a time when just about everyone in America is following the presidential election, this is one group who are letting the event pass them by. They can’t follow it on radio and television as both are forbidden. They don’t really talk about it in their communities. They won’t be voting on November 6.
Far from feeling left out, one young Amish man in Bloomfield, Iowa told me not being involved “feels good.” Levi Miller (pictured above) smiled, “Oh yeah, it really does,” he said. “A lot of things you’d hear about on TV or radio we don’t find out about. So we don’t have that worry of what’s going to happen.” As barely interested observers, would they have any preference at all? “Naturally we would lean Republican. That’s more our thought process.”
Chicago (CNN) – The first clue was in the window. The Obama-Biden poster told me that the Old Ale Town House in Chicago was not going to be a bastion of neutrality. But it got more extreme inside. There we were greeted by a subversive scene of anti-Republican sentiment. Every inch of wall space in this self-styled dive bar, with its local draft ales and a musty sense of history, was covered in bawdy caricatures of famous Republicans. In pride of place above the bar was a naked Sarah Palin, standing proudly on the skin of a polar bear and brandishing a rifle. But considering all this obvious partisan sentiment, the two dozen or so patrons who settled down to watch the vice-presidential debate were remarkably well behaved.