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Vanity Fair

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These eight billionaires have as much money as half the world combined http://vntyfr.com/ZppWnMa
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These eight billionaires have as much money as half the world
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Vanity Fair

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The actor has chosen his public appearances in the last four months wisely.
The actor has chosen his public appearances in the last four months wisely.
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Last week we learned that one of the world’s most successful hedge fund managers, Steve Cohen, turned in his second-worst performance ever for 2016, which may or may not have had something to do with losing a couple former employees to a $1.8 billion settlement and a handful of guilty-of-securities-fraud pleas.
“It’s kind of: ‘I promise you a Rolls Royce and I give you a Honda’.”
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Before Facebook went public, a then 28-year-old Mark Zuckerberg made a series of moves to ensure he’d retain majority control of the social-media giant he had launched, a few years earlier, in his college dorm room. A 2012 S.E.C. filing showed that some of Facebook’s most powerful shareholders had handed over their voting power to Zuckerberg—so while he owned just 28.2 percent of the shares in Facebook, he was granted additional “shares subject to voting proxy,” bringing his total shareholder voting power to 56.9 percent, cementing his position as the most powerful person at Facebook. Last year, he consolidated his power again, getting the board to approve a new stock class structure that would allow him to retain control of the company even if he sells most of his shares.

Now, another aspiring young C.E.O. appears to be taking a page out of Zuck’s playbook. It’s common for tech entrepreneurs to want to retain management control of the companies they build, and Snap—the parent company of ephemeral messaging upstart Snapchat—is no exception.
Spiegel and Snapchat co-founder Bobby Murphy want to retain management control of their company.
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The velvet curtain rises in London today on Burberry’s new beauty campaign featuring the young daughter of Jude Law and Sadie Frost.
The velvet curtain rises in London today on Burberry’s new beauty campaign featuring the young daughter of Jude Law and Sadie Frost.
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Perfect, she is pretty!
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Doubling down on his goal to upend the established world order and remake it in his own image—one that looks particularly like Vladimir Putin’s vision for Europe— Donald Trump told two foreign newspapers over the weekend that he would consider lifting sanctions on Russia and believes that the NATO alliance, put in place to check Russian influence in the wake of WWII, is “obsolete.”
The president-elect said he could lift sanctions on Russia and called NATO “obsolete.” Russia agrees.
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William is said to be ending his helicopter pilot career in order to focus on royal duties.
William is said to be ending his helicopter pilot career in order to focus on royal duties.
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Good idea
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Another blow to an increasingly talent-less inauguration.
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Who's Trump?
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Democrats know what it’s like to incur steep political costs for remaking the health care system. And there are few Democrats for whom the Affordable Care Act has come at a greater political cost than Kathleen Sebelius. Appointed by Obama in 2009 to lead the department of Health and Human Services, the former governor of Kansas spearheaded the Affordable Care Act and found herself caught in the political cross-fire during the disastrous rollout of Heathcare.gov in October 2013. The early website stumble prompted dozens of members of Congress to call for Sebelius to step down and sullied her tenure as secretary of Health and Human Services, which came to an abrupt end in April 2014, when she offered her unprompted resignation to Obama.

One week before Trump’s inauguration, Vanity Fair’s Hive spoke with Sebelius about the G.O.P.’s decision to move forward with the Obamacare repeal—without a replacement lined up—and whether the party is destined to hit the same stumbling blocks the Democrats have struggled to clear over the past six years.
Former Secretary of Health and Human Services Kathleen Sebelius, who oversaw Obamacare's controversial rollout, talks to the Hive about the challenges the G.O.P. faces in re-making the $3 trillion health care industry.
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The band’s outspoken frontman isn’t going for subtlety.
The band’s outspoken frontman isn’t going for subtlety.
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Who's Trump?
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For anyone who remembers the bipartisan sense of national uplift that attended Barack Obama’s inauguration eight years ago, it’s easy enough to list the ways in which his presidency has been a disappointment: Political divisions seemingly deeper than ever. Racial tensions more exacerbated than eased. Prisoners still held at Guantanamo Bay. A national-security state grown ever more secretive.
Even in the era of Trump, the 44th president will leave office seemingly confident that the country that elected him against historical odds can’t really go wrong—at least for long.
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Temper 
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As the business elites of the universe gather in Switzerland to discuss the populist backlash sweeping across the Western world, and to ponder whether or not Donald Trump is all their fault, a new Oxfam report reveals that the eight richest people in the world now have about as much wealth as the bottom 50 percent of the global population. If that sounds outrageous to you—Oxfam’s Mark Goldring, for one, says “It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity”—remember that it could be worse.
Running low on cash? Ask one of these people to spot you 20 (thousand).
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hi
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The official page of Vanity Fair magazine and vanityfair.com
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Vanity Fair is Hollywood, scandal, business, politics, and award-winning investigative journalism—all with exclusive photography, skillful writing, and penetrating wit. Edited by Graydon Carter, Vanity Fair was founded in 1913. For the latest news from Vanity Fair, go to www.vanityfair.com.