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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
China

Merkel Will Raise Concerns on China’s New NGO Law, Steel

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June 11, 2016, 10:07 AM ET
Merkel is pictured in Trinity college before she addressed students in the Dublin University
German Chancellor Angela Merkel is pictured in Trinity college before she addressed students in the Dublin University March 7, 2014. REUTERS/Cathal McNaughton (IRELAND - Tags: POLITICS) - RTR3G6COPhotograph by Cathal McNaughton — Reuters
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German Chancellor Angela Merkel said on Saturday she would raise concerns about Chinese steel production and a new Chinese law that restricts non-governmental organizations during a pending trip to Beijing.

Merkel heads to the Chinese capital on Saturday for the ninth time since taking office in 2005 and she is under growing pressure from German industry and rights groups to confront the Chinese more forcefully.

U.S. Measures to Protect Steel Sector Do Not Address Root Problem

In her weekly podcast, Merkel said she would address China’s new NGO law, due to come into force on Jan. 1, 2017, and call for the work of all political foundations and other groups “not to be too negatively influenced”.

The legislation grants broad powers to Chinese police to question NGO workers, monitor their finances, regulate their work, and shut down offices.

Merkel said she will also broach the topic of the steel market, saying that the situation was currently “very complicated” for all EU member states as China produces 50% of worldwide steel.

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