Invisible Billionaire Ludwig Dies After Global Empire Rise
Ludwig, once reputed the world’s richest man, died at his Manhattan home aged 70s. He built National Bulk Carriers from a $5,000 loan, expanding to mines in Australia hotels in the Caribbean and a Baja California salt plant. He founded the Ludwig Institute for Cancer Research in 1971 and left a will benefiting cancer research.
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Ludwig
Manhattan
R. Palmer Baker Jr
National Bulk Carriers Inc
Australia
Caribbean
Mexico
Baja California
Brazil
Forbes Magazine
Baker
Ludwig Institute For Cancer Research
Great Lakes
July Spending Rises While Income Grows Slower
Americans tapped savings to maintain living standards in July as spending rose 0.3 percent to a 4.08 trillion annual pace while income advanced 0.2 percent to 505 trillion. June had spending up 0.4 percent and income up 0.1 percent, signaling persistently weak income growth despite ongoing economic expansion. The trade deficit widened to 24.4 billion in Q2, driven by higher imports including computer equipment and aircraft.
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Washington
Commerce Department
Sandra Shaber
The
Futures Group
Department
Bush
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