It will cost an estimated $241,080 for a middle-income couple to raise a child born last year for 18 years, according to a U.S. Department of Agriculture report released Wednesday. That’s up almost 3% from 2011 and doesn’t include the cost of college.

At the same time, wages aren’t keeping up. The country’s median annual household income has fallen by more than $4,000 since 2000, after adjusting for inflation, and many of the jobs lost during the recent recession have been replaced with lower-wage positions

source: CNNMoney

Sheryl Sandberg sells $91 million of Facebook stock

By GWOP

August 14, 2013

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The Facebook (FB) chief operating officer and author of “Lean In” sold nearly 2.4 million shares of the social network’s stock last week at an average price of $38 per share, according to a regulatory filing.

It amounts to about $91 million.

Checkout Sheryl Sandberg’s TED Talk on “Women Leaders” below:

Hip Hop Album Sales: The Week Ending 8/11/2013

By GWOP

August 14, 2013

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#3. Robin Thicke – Blurred Lines – 65,000 (242,000)

#4. Jay Z – Magna Carta Holy Grail – 48,000 (845,000)

#14. Tech N9ne – Something Else – 17,000 (75,000)

#17. Macklemore & Ryan Lewis – The Heist – 15,000 (983,000)

#22. J. Cole – Born Sinner – 14,000 (557,000)

#36. Wale – The Gifted – 8,400 (287,000)

#41. Kanye West – Yeezus – 7,300 (504,000)

#53. YMCMB & Friends – Rich Gang – 6,400 (40,000)

#83. Ace Hood – Trials & Tribulations – 4,200 (55,000)

#149. Madchild – Lawn Mower Man – 2,600 (2,700)

* data comes from Nielsen Soundscan, rounded to nearest thousandth for units above 10,000, nearest hundredth for units below 10,000.

Hyperloop Concept by Elon Musk

By GWOP

August 12, 2013

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LOS ANGELES — Imagine stepping into a car-sized capsule in downtown Los Angeles and, 30 minutes later, arriving in San Francisco

On Monday, billionaire entrepreneur Elon Musk unveiled a transportation concept that he said could whisk passengers the nearly 400 miles from Los Angeles to San Francisco in 30 minutes — half the time it takes an airplane. Read More

Weekend Box Office: August 9-11, 2013

By GWOP

August 12, 2013

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Title / Weekennd Gross (in millions usd $$$)

Elysium $30.4 m
We’re the Millers $26.5 m
Planes $22.5 m
Percy Jackson: Sea of Monsters $14.6 m
2 Guns $11.1 m
The Smurfs 2 $9.5 m
The Wolverine $8 m
The Conjuring $6.7 m
Despicable Me 2 $5.7 m
Grown Ups 2 $3.7 m

Highest Paid Television Personalities (2013)

By GWOP

August 11, 2013

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Simon Cowell $95 million
Howard Stern $95 million
Glenn Beck $90 million
Oprah Winfrey $77 million
Dr. Phil McGraw $72 million
Rush Limbaugh $66 million
Donald Trump $63 million
Ryan Seacrest $61 million
Ellen DeGeneres $56 million
Judy Sheindlin $47 million

source: Forbes

Yahoo to Pay Tumblr’s David Karp $81 Million to Stay for 4 Years

By GWOP

August 11, 2013

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David Karp, 27-year old founder of Tumblr, is set to earn a bonus of $81 million in addition to his salary if he stays at Yahoo! for the next four years. Tumblr was launched in Feb. 2007 by Karp, a New York City high school drop out and acquired by YAHOO for $1.1 billion in May 2013.

source

Average Rent In Brooklyn, NY over $3k

By GWOP

August 9, 2013

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Rents in Brooklyn have skyrocketed to an average of $3,035 in July, up 8.2% from July of last year.
The average rent in Manhattan was $3,822 in July, up 1.7%.
Brooklyn luxury units — those priced in the top 10% of the market — led the surge, with the average rent in this segment hitting $6,007, up 8.8%.

Source: DAILY NEWS

Hip Hop Album Sales: The Week Ending 8/4/2013

By GWOP

August 7, 2013

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#1. Robin Thicke – Blurred Lines – 177,000 (177,000)

#3. Jay Z – Magna Carta Holy Grail – 62,000 (797,000)

#4. Tech N9ne – Something Else – 58,000 (58,000)

#14. J. Cole – Born Sinner – 17,000 (544,000)

#16. Macklemore & Ryan Lewis – The Heist – 17,000 (967,000)

#34. Wale – The Gifted – 10,000 (278,000)

#36. YMCMB & Friends – Rich Gang – 9,600 (33,000)

#38. Kanye West – Yeezus – 9,200 (497,000)

#64. Ace Hood – Trials & Tribulations – 6,400 (51,000)

#81. Mac Miller – Watching Movies With The Sound Off – 5,100 (167,000)

^{* data comes from Nielsen Soundscan, rounded to nearest thousandth for units above 10,000, nearest hundredth for units below 10,000.}

Jeff Bezos , Amazon founder Buys Washington Post for $250 Million

By GWOP

August 5, 2013

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(Reuters) – The Washington Post Co said it has sold its flagship newspaper to Jeff Bezos, the founder of Amazon.

The purchase price is $250 million, subject to normal working capital adjustments, payable at closing later this year.

Christies To Apppraise DIA Art

By GWOP

August 5, 2013

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Detroit — Emergency Manager Kevyn Orr announced Monday that he has contracted with Christie’s Appraisals, the New York-based international auction house, to appraise the collections of the Detroit Institute of Arts. The city of Detroit is in $18 billion dollars worth of debt and Christies will have the appraisal completed by fall. Sources estimate the DIA holdings to be worth close to $2 billion.

SOURCE: ~~#DETROITNEWS~~