The rich get poorer and the poor get poorer!

We all know that this recession is affecting most of World in negative way but how does it affect the rich and wealthy Globally? Well Forbes has released its report on the world richest people and it goes a little something like this: The average net worth of billionaires is $3 billion which is a 23% drop in a year's period. Also the world only (ha only) has 793 billionaires as compared to 1,125 from last year.

In America, it looks as if the billionaires are moving back to the top as global dominance and Bill Gates has moved to the number 1 spot again over taking William Buffett. On the bad side Gates lost 18 billion and Buffett lost at total of 25 billion.

So America we are all in this together the rich, middle class and poor and hopefully we can all work to get out of this together government, big business and small business soon!

Check out Forbes top ten.

1. William Gates III
2. Warren Buffett
3. Carlos Slim Helú
4. Lawrence Ellison
5. Ingvar Kamprad
6. Karl Albrecht
7. Mukesh Ambani
8. Lakshmi Mittal
9. Theo Albrecht
10. Amancio Ortega

Finally an agreement on the stimulus package!

The House and Senate finally came to an agreement on President Obama's stimulus package, barring some last minute mishap. This whooper of a bill is going to cost the US $789 billion (man that is a lot of cheese!). The compromise was basically summed up as creating more jobs than the original Senate bill and spending less than the original House bill. Obama and his staff a huge mountain to climb to get this country back on its feet, but I guess this is a start.