Showing posts from March, 2017

Billionaire banker David Rockefeller dies aged 101

Former Chase Manhattan Chief Executive David Rockefeller has died at the age of 101.
Rockefeller died in his sleep at home in Pocantico Hills, New York, on Monday morning as a result of congestive heart failure, according to a family spokesperson Fraser P. Seitel.

The businessman, who had an estimated fortune of $3 billion, retired as head of Chase Manhattan in 1981 after a 35-year career.

In the statement from the The Rockefeller Foundation confirming his death, Rockefeller was described as “one of the most influential figures in the history of American philanthropy and finance, considered by many to be ‘America's last great international business statesman’.”

Rockefeller, also known as ‘the banker’s banker’, according to the statement, is said to have donated almost $2 billion over his lifetime to various institutions including Rockefeller University, Harvard University and art museum.

David was the youngest of six children born to John D. Rockefeller Jr. and the grandson of St…

The Internet Is In Danger, Says It's Founder, Here Are Ways To Fix It

Not many of us are familiar with the inventor of the Internet, Sir Tim Berners-Lee. In the letter published by the World Wide Web foundation, Berners-Lee said:
It's 28 years since he submitted his original proposal for the World Wide Web and Berners-Lee has penned an open letter naming three issues that need to be addressed to ensure the survival of the internet. 
In the letter published by the World Wide Web foundation, Berners-Lee said:
I imagined the web as an open platform that would allow everyone, everywhere to share information, access opportunities, and collaborate across geographic and cultural boundaries. In many ways, the web has lived up to this vision, though it has been a recurring battle to keep it open. But over the past 12 months, I’ve become increasingly worried about three new trends, which I believe we must tackle in order for the web to fulfil its true potential as a tool that serves all of humanity.
He then addresses three issues:
1. We need to take back cont…