Photography by K.B.

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This afternoon, a press conference was held for the groundbreaking of the Barclays Center in Brooklyn Yards. Set to open in 2012, the 18,000 seat arena will become the new home of the New Jersey Brooklyn Nets. Many local residents oppose the move due to imminent increases in traffic and living costs. In attendance were Mayor Michael Bloomberg, Rev. Al Sharpton, and Governor David Paterson. Nets co-owner Jay-Z, gave a brief speech, in which he paid homage to the memory of his nigga, Biggie. We did it Brooklyn!

Jay Z got GWOP!

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Recession Who?

Carlos Slim of Mexico is the World's Richest Man worth over 53 billion passing William Gates of Microsoft

Here is Forbes ranking of the 10 richest people in the world:

* Carlos Slim (Mexico) – $53.5 billion, telecommunications

* Bill Gates (USA) – $53 billion, Microsoft

* Warren Buffett (USA) – $47 billion, Berkshire Hathaway

* Mukesh Ambani (India) – $29 billion, petrochemicals, oil and gas

* Lakshmi Mittal (India) – $28.7 billion, steel

* Larry Ellison (USA) – $28 billion, Oracle

* Bernard Arnault (France) – $27.5 billion, LVMH

* Eike Batista (Brazil) – $27 billion, mining, oil

* Amancio Ortega (Spain) – $25 billion, retail

* Karl Albrecht (Germany) – $23.5 billion, supermarkets

The full Forbes ranking of the world’s billionaires can be seen at  www.forbes.com/billionaires.

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Young JEEZY feat. Plies “Lose My Mind”

Young Jeezy feat. Plies “Lose My Mind”

O Let's Do it!

Dayyuuuum! Looks like U got Knocked da F*ck Out! (SMOKEY voice)

Word on the Streetz iz that Waka Flocka Flame got into a scuffle with Young Jeezy’s crew C.T.E Corporate Thugz Entertainment at popular Atlanta clothing store Walter’s…..”catch me at Walter’s spendin’ Grands Man” (Young Jeezy voice). Walter’s employee said he seen Flocka Flame punched and word is that gun fire rang out. Is Waka Flocka the young berg of gangsta/crunk rap? Waka Flocka Flame was recently shot in the arm in Atlanta for his 1017 Brick Squad chain. More on this story after the jump.

Steve Rifkind explains how Havoc (Mobb Deep) lit up a blunt and caused a fire alarm during their first meet.

Steve talks about the first time he met Melanie Fiona and thought her manager was “breath-takingly beautiful”.

Dame Dash as a 16 year old was a “cocky motherfucker”. He came into Steve’s office shouting and screaming with his cousin.

Then Steve tells me two stories about how he threw a chair out of the window and was escorted out of the building in handcuffs over a Wu Tang record and how he almost had a fight with a label President because they wouldn’t sign Jay-Z.

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DJ Drama/ Fabolous There is No Competion 2: The Funeral Service