Thursday, December 19, 2013

Rodman visits North Korea to train national team

China North Korea Rodman
PYONGYANG, North Korea (AP) -- Former NBA star Dennis Rodman arrived in North Korea on Thursday to help train the national team and renew his friendship with the North's young leader, Kim Jong Un, a visit unaffected by the recent execution of Kim's uncle in a dramatic political purge.
Rodman was met at Pyongyang's airport by Vice Sports Minister Son Kwang Ho. He made no public comments, but told a mob of reporters earlier at Beijing's airport that he expected, as on previous visits, to meet with Kim and make final arrangements for a Jan. 8 exhibition game in Pyongyang marking the leader's birthday.
"I know (Kim) is waiting for me to come back. So hopefully we will have some conversation about some things that's going to help the world," Rodman said.
His visit comes less than a week after North Korea announced the execution of No. 2 official Jang Song Thaek, an unprecedented fall from grace of one of the most powerful figures in the country.
Jang's execution marks North Korea's most serious political upheaval in decades and has sent North Korea watchers speculating over the stability of the Kim dynasty. However, Rodman's visit - should it proceed uneventfully - could be a sign that Kim is firmly in charge and unconcerned with any potential challenges to his rule.
Asked about the execution, Rodman said that had nothing to do with his visit. He said he wasn't worried about his personal safety in the North, despite the recent detentions of two Americans there, one of whom, Kenneth Bae, has been held for more than two years.
Rodman and Kim have struck up an unlikely friendship since the Hall of Famer traveled to the secretive Communist state for the first time in February with the Harlem Globetrotters for an HBO series produced by New York-based VICE television.
He remains the highest-profile American to meet Kim since the leader inherited power from father Kim Jong Il in 2011.
Known as much for his piercings, tattoos and bad behavior as he was for basketball, Rodman has mostly avoided politics in his dealings with the North. He's mainly focused on using basketball as a means of boosting understanding and communication and studiously avoided commenting on the North's human rights record, regarded as one of the world's worst by activists, defectors and the U.S. State Department.
Defectors have repeatedly testified about the government's alleged use of indiscriminate killings, rapes, beatings and prison camps holding as many as 120,000 people deemed opponents of Kim, the third generation of his family to rule.
Rodman said he planned to return to North Korea in two weeks with a roster of 12 American basketball players, but offered no names.
"I hope this game brings a lot of countries together, because as I said, sports it is so important to people around the world," Rodman said. "So I hope this is going to engage American people, especially (President Barack) Obama, to just to try to talk to them."

Target Hacked: Retailer Confirms 'Unauthorized Access' Of Credit Card Data


Target confirmed Thursday that previous reports about the unauthorized access of customers' credit card data were true.
In a press release posted on the Target website, the Minneapolis-based retailer admitted that approximately 40 million credit and debit card accounts may have been impacted by the breach.
Affected customers made purchases in U.S. stores from Nov. 27 and Dec. 15, 2013.
Target is currently working with law enforcement and financial institutions to resolve the issue.
“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,” Gregg Steinhafel, chairman, president and chief executive officer of Target stated in a press release. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”
Here's more from the Associated Press:
Target Corp. advised customers who suspect there has been unauthorized activity on their cards should call them at 866-852-8680. Target is just the latest retailer to be hit with a data breach problem. TJX Cos., which runs stores such as T.J. Maxx and Marshall's, had a breach that began in July 2005 that exposed at least 45.7 million credit and debit cards to possible fraud. The breach wasn't detected until December 2006. In June 2009 TJX agreed to pay $9.75 million in a settlement with multiple states related to the massive data theft but stressed at the time that it firmly believed it did not violate any consumer protection or data security laws.

These 10 Billionaires Made the Most Money in 2013


Many familiar faces make an appearance on Wealth-X's list of the billionaires who made the most money this year.

Businessmen like Warren Buffett and Bill Gates, who have dominated wealth rankings for years, continued to add billions of dollars to their already sizable fortunes.

Here's the full list, ranked by billions made from Jan. 1 to Dec. 11, 2013:

10. Carl Icahn made $7.2 billion

The corporate raider had a big year after bets on Netflix and Herbalife (HLF) yielded Icahn Capital Management $800 million and $500 million profits, respectively. He tweeted his thanks to Netflix (NFLX) CEO Reed Hastings and Kevin Spacey, star of the streaming service's hit show, "House of Cards."

9. Lui Chee Woo made $8.3 billion

The founder of Galaxy Entertainment Group became Asia's second-richest man in 2013 as gambling revenue grew at a record pace in Macau. Lui is looking to expand his flagship casino in the city's Cotai area, which is known by many as the Asian version of the Las Vegas Strip.

8. Larry Page made $9.3 billion

Google's co-founder and CEO made $3 billion in 24 hours when Google (GOOG) stocks hit an all-time high in October, breaking $1,000 for the first time. Android became the world's most popular operating system, running on 43 percent of the globe's smartphones.

7. Sergey Brin made $9.3 billion

Brin, Google co-founder and head of special projects with Google X, made $2.9 billion in the October stock surge. As of Dec. 11, Brin is worth an estimated $30 billion, a 4.8 percent percent increase over the year.

6. Masayoshi Son made $10.3 billion

The founder of Softbank, Asia's top Internet and telecommunications corporation, lost $70 billion in the dot-com crash, but he's surging back in a big way.
The purchase of Sprint (S) and a large investment in Finnish game-maker Supercell are highlights in a year that saw Son's personal net worth more than double, growing from $8.8 billion to $19.1 billion.

5. Mark Zuckerberg made $10.5 billion

Facebook (FB) stock hit an all-time high in October, and revenue continues to grow despite questions about the longevity of the product.

4. Jeff Bezos made $11.3 billion

The founder and CEO of Amazon (AMZN), which made $17.1 billion in net sales in the third quarter, raised some eyebrows when he bought the Washington Post for $250 million this summer.

3. Sheldon Adelson made $11.4 billion

According to Wealth-X, the casino mogul's personal net worth grew to an estimated $35.3 billion this year thanks to profits from his gambling properties in Las Vegas, Macau, and Singapore.

2. Bill Gates made $11.5 billion

The world's wealthiest man ended the year with a personal net worth of $72.6 billion, up nearly 19 percent from $61.1 billion in 2012.

1. Warren Buffett made $12.7 billion

Berkshire Hathaway's (BRK-A) (BRK-B) CEO personally made about $37 million a day in 2013, a year that saw the company's acquisition of Heinz and Nevada's NV Energy.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.