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  2. data/Gemfile +4 -0
  3. data/LICENSE +22 -0
  4. data/README.md +10 -0
  5. data/Rakefile +13 -0
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+ 5/26/2012 @ 8:59AM
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+ <h1>Why Crisis in Spain This Week Became More Important Than Greece</h1>
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+ British Plan To Keep Greeks Out, As Euro-Crisis Nears End Game
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+ <p><a href="http://www.forbes.com/sites/haydnshaughnessy/2011/06/28/eh-bien-madame-lagarde-about-those-local-debts-they-too-are-in-crisis/">Local debt is the big untold story</a> of the Euro crisis and, if that was not apparent before, it became glaringly so when Catalonia�s President this week told the world his autonomous Catalan Government would struggle to meet its bills at the end of this month.</p>
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+ <p>Looked at from afar it might be difficult to interpret what this �local� problem means for Europe and those countries dependent on European consumer markets � but we�re always talking about a <em><strong>Euro</strong></em> problem when in fact it is a thousand local crises too. Put in American terms Catalonia�s problems are probably best likened to a successful area in the USA, like Austin, Texas, asking for a bailout.</p>
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+ <p>The capital of Catalonia is, of course, Barcelona and Barcelona has a global reputation for excellence that stretches back to its management of the 1992 Olympic games.</p>
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+ <p>A succession of charismatic mayors has turned Barcelona into a poster for regional economic success. Barcelona has done pretty much everything that the text book says a regional economy should do. It did �clusters� � it has a very strong cluster of companies in global logistics, it maintained regional manufacturing and grew a strong service infrastructure, it has a strong creative economy, the<a href="http://www.esade.edu/"> ESADE business schoo</a>l has a global reputation for management education, it has a very strong, competitive culture. And it has the world�s best football club, which gives the city global exposure week in, week out. Catalonia accounts for a quarter of Spain�s GDP. It is a success story.</p>
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+ <p>But local indebtedness in Europe should come as no great surprise either. Germany and France bother have large local debt problems that are anything but transparent. In fact in the case of France much of the <em><strong>local</strong></em> debt was inherited from the central Government, which �delegated� the debt to localities where national funds were spent, effectively reducing the national debt headline figure. French finance Minister during this process was Christine Lagarde, now head of the IMF.</p>
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+ <p>In April last year the Economist also warned of all the <a href="http://www.economist.com/node/18587496" target="_blank">mini-Greeces</a> in Germany:</p>
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+ <blockquote>
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+ <p>Germany�s 11,000-odd municipalities had a deficit of �7.7 billion last year, the second-highest ever�. in NRW( North Rhein Westphalia) local social spending rose by 274% between 1980 and 2006, whereas revenue went up only by 104%.</p>
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+ </blockquote>
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+ <p>Local debt refinancing in Spain this year, though, is <a href="http://www.telegraph.co.uk/finance/financialcrisis/9291329/Bankia-asks-for-19bn-from-Spains-taxpayers.html">Euro 36 billion with Euro 13.5 billion</a> of that falling to Catalonia. The reality is that, at this local level in Catalonia, the failure to refinance debt will lead to real wealth destruction and impair Spain�s prospects for years to come. When a success story like Catalonia hits the skids like this, you know the problem runs deep, very deep, but Catalonia also symbolizes something about Europe right now. It is not just a financial crisis but an existential one.</p>
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+ <div class="show_more_less" style="display:none;"><span>+ show more</span><div class="shelf"></div></div>
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+ <div class="block about_module">
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+ <span class="following_icon"></span>
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+ <img src="http://blogs-images.forbes.com/cache/gravatars/haydnshaughnessy_136.jpg" alt="Haydn Shaughnessy" />
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+ </a>
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+ <a class="user_name" href='http://blogs.forbes.com/haydnshaughnessy/'>Haydn Shaughnessy</a>
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+
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+ <span class="desc">
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+ Contributor
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+ </span>
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+ <div class="followable_block initializing" data-target-type="author" data-target-id="blogAuthorId/blog/author/8588" data-object-json="{&quot;title&quot;:&quot;Haydn Shaughnessy&quot;,&quot;avatar_src&quot;:&quot;http://blogs-images.forbes.com/cache/gravatars/haydnshaughnessy_136.jpg&quot;,&quot;follow_count&quot;:&quot;316&quot;}" data-tracking-link-name="articleLink_AboutContribFollow">
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+ </div></div>
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+ </div>
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+
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+ <div class="description">
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+ <div class="show_more_less" style="display:none;"><span>+ show more</span><div class="shelf"></div></div>
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+ <div class="viewport">
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+ <p>
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+ My expertise lies in different areas of innovation and social business, though being expert in such a fast moving area can be a boast too far. I used to edit Innovation Management. My book,<a href="http://www.amazon.com/Elastic-Enterprise-Manifesto-Business-Revolution/dp/1938135342/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1337537366&amp;sr=1-1"> "The Elastic Enterprise"</a>, co-authored with Nick Vitalari and described as a must read for companies that want to succeed in the new era of business - looks at how stellar companies have gone beyond innovation to a new form of wealth creation. In fact one alternative title for the book was "Beyond Innovation". <br></br>
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+
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+ In a former life I was a partner at the first social agency: The Conversation Group where we wrote the first social media playbooks for global corporations.<br></br>
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+
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+ I started my writing career in broadcasting and then got involved in the EU's attempt to create an ARPA-type unit, where I managed downstream satellite application pilots, at just the time commercial satellite services entered the market. I also wrote policy, pre the Web, on broadband applications, 3G (before it was invented), and Wired Cities.
965
+ <br>
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+ I have written for many major outlets like the Wall St Journal, Times, HBR, and GigaOm, as well as producing TV for the BBC, Channel 4 and RTE but still can't decide if I'm a writer, thinker or doer. I just finished a paper on the Evolution of The Innovation Landscape. I am a research fellow at the Center For Digital Transformation at UC Irvine, where I am also an advisory board member.
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+ <br>
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+ <a href="mailto:haydn@cogenuity.com">Contact me here</a>
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+ </p>
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+ </div><!-- end div.viewport -->
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+ </div><!-- end div.description -->
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+
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+
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+ <p class="disclaimer">
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+ The author is a Forbes contributor. The opinions expressed are those of the writer.
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+ </p>
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+
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+ <!-- groupAuthors is $groupAuthors-->
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+
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+
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+
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+ <div class="contrib_popular">
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+ <h3>Haydn Shaughnessy&#8217;s Popular Posts</h3>
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+
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+ <ul>
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+
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+ <li><a href="http://www.forbes.com/sites/haydnshaughnessy/2011/12/08/how&#45;to&#45;be&#45;a&#45;social&#45;media&#45;power&#45;influencer&#45;and&#45;why/">
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+ How to Be a Social Media Power Influencer (And Why!)</a>
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+ <span>165,705 views</span>
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+ </li>
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+
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+ <li><a href="http://www.forbes.com/sites/haydnshaughnessy/2012/01/25/who&#45;are&#45;the&#45;top&#45;50&#45;social&#45;media&#45;power&#45;influencers/">
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+ Who Are The Top 50 Social Media Power Influencers?</a>
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+ <span>111,069 views</span>
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+ </li>
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+
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+ <li><a href="http://www.forbes.com/sites/haydnshaughnessy/2011/12/02/who&#45;are&#45;the&#45;top&#45;10&#45;influencers&#45;in&#45;social&#45;media/">
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+ Who Are the Top 10 Influencers in Social Media?</a>
999
+ <span>86,010 views</span>
1000
+ </li>
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+
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+ <li><a href="http://www.forbes.com/sites/haydnshaughnessy/2012/02/09/how&#45;to&#45;empower&#45;yourself&#45;on&#45;the&#45;new&#45;linkedin/">
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+ How To Empower Yourself on The New LinkedIn</a>
1004
+ <span>63,741 views</span>
1005
+ </li>
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+
1007
+ <li><a href="http://www.forbes.com/sites/haydnshaughnessy/2011/12/20/4&#45;megatrends&#45;in&#45;social&#45;media&#45;and&#45;social&#45;business/">
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+ 4 Megatrends In Social Media And Social Business</a>
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+ <span>43,368 views</span>
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+ </li>
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+ </ul>
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+ </div>
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+
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+ <div class="contrib_meta">
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+ <h3>More from Haydn Shaughnessy</h3>
1016
+ <div class="label" style="display:none;"><div class="arrow"></div><span class="text"></span></div>
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+ <ul>
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+ <li class="twitter"><a target="blank" href="http://twitter.com/haydn1701"><span>Follow Haydn on Twitter</span></a></li>
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+ <li class="rss"><a href="http://blogs.forbes.com/haydnshaughnessy/feed/"><span>Haydn&#8217;s RSS Feed</span></a></li>
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+ <li class="profile"><a href='http://blogs.forbes.com/people/haydnshaughnessy/'><span>Haydn&#8217;s Profile</span></a></li>
1022
+ <li class="book"><a target="blank" href="http://www.amazon.com/Elastic-Enterprise-Manifesto-Revolution-ebook/dp/B007CT4LF2/ref=sr_1_1_title_0_main?s=books&ie=UTF8&qid=1330088503&sr=1-1"><span>Haydn&#8217;s Recommended Reading</span></a></li>
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+ </ul>
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+ <div class="clear"></div>
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+ </div>
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+
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+ </div><!-- end div.block.about -->
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+
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+ <div class="block real-time-billionaires">
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+ <h2 class="subhed">Who Just Made a Billion Dollars?</h2>
1031
+ <a href="/real-time-billionaires/"><img src="http://images.forbes.com/media/2012/04/18/real-time-billionaires.jpg" alt="" /></a>
1032
+ <div class="dek">
1033
+ Our Real-Time Billionaires scoreboard tracks the biggest holdings for 50 of the world�s wealthiest people.
1034
+ <a href="/real-time-billionaires/">See who's up & who's down right now &#187;</a>
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+ </div>
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+ </div>
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+
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+ <div class="block ad">
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1163
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+ <li class="over lv1a"><a href="http://www.forbes.com/profile/bill-gates/" class="lv1a"><img src="http://images.forbes.com/media/lists/people/bill-gates_190x280.jpg"><div><h4><b>#1</b>Bill Gates</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1166
+ <li class="over lv1b"><a href="http://www.forbes.com/profile/mark-zuckerberg/" class="lv1b"><img src="http://images.forbes.com/media/lists/people/mark-zuckerberg_380x278.jpg"><div><h4><b>#14</b>Mark Zuckerberg</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1167
+ <li class="over lv1c"><a href="http://www.forbes.com/profile/george-soros/" class="lv1c"><img src="http://images.forbes.com/media/lists/people/george-soros_380x278.jpg"><div><h4><b>#7</b>George Soros</h4><span class="readmore">Latest News &#187;</span></div></a></li>
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+ <li class="over lv1d"><a href="http://www.forbes.com/profile/stewart-rahr/" class="lv1d"><img src="http://images.forbes.com/media/lists/people/stewart-rahr_320x181.jpg"><div><h4><b>#331</b>Stewart Rahr</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1169
+ <li class="over lv1e"><a href="http://www.forbes.com/profile/stewart-and-lynda-resnick/" class="lv1e"><img src="http://images.forbes.com/media/2011/09/22/0922_lynda-resnick_320x181.jpg"><div><h4><b>#212</b>Lynda Resnick</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1170
+ <li class="over lv1f"><a href="http://www.forbes.com/profile/rupert-murdoch/" class="lv1f"><img src="http://images.forbes.com/media/lists/people/rupert-murdoch_320x181.jpg"><div><h4><b>#37</b>Rupert Murdoch</h4><span class="readmore">Latest News &#187;</span></div></a></li>
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+ </ul>
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+ </div>
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+ <!-- END: FORBES 400 -->
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+
1175
+ <!-- START: BILLIONAIRES -->
1176
+ <div style="display: none;" id="listgroup2" class="tabbed listview">
1177
+ <ul>
1178
+ <li class="textintro">
1179
+ Forbes began ranking the World&apos;s Billionaires 25 years ago. Today the list is bigger than ever and still the definitive guide to global wealth. Explore our 1,000+ profile pages with detailed information on every member of the list. Sign up to follow your favorite billionaire and get news alerts delivered right to your inbox.
1180
+ <a class="readmore" href="http://www.forbes.com/billionaires/">View complete list &#187;</a>
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1182
+ <li class="over lv1a"><a href="http://www.forbes.com/profile/carlos-slim-helu/" class="lv1a"><img src="http://images.forbes.com/media/2012/03/05/carlos-slim-helu_190x280.jpg"><div><h4><b>#1</b>Carlos Slim Helu</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1183
+ <li class="over lv1b"><a href="http://www.forbes.com/profile/robin-li/" class="lv1b"><img src="http://images.forbes.com/media/2011/03/29/0329_robin-li_380x278.jpg"><div><h4><b>#86</b>Robin Li</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1184
+ <li class="over lv1c"><a href="http://www.forbes.com/profile/sean-parker-2/" class="lv1c"><img src="http://images.forbes.com/media/2011/09/21/0921_sean-parker_380x278.jpg"><div><h4><b>#601</b>Sean Parker</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1185
+ <li class="over lv1d"><a href="http://www.forbes.com/profile/aliko-dangote/" class="lv1d"><img src="http://images.forbes.com/media/2012/03/05/aliko-dangote_320x180.jpg"><div><h4><b>#76</b>Aliko Dangote</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1186
+ <li class="over lv1e"><a href="http://www.forbes.com/profile/alice-walton/" class="lv1e"><img src="http://images.forbes.com/media/lists/people/alice-walton_320x181.jpg"><div><h4><b>#17</b>Alice Walton</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1187
+ <li class="over lv1f"><a href="http://www.forbes.com/profile/warren-buffett/" class="lv1f"><img src="http://images.forbes.com/media/2011/08/25/0825_warren-buffett_320x181.jpg"><div><h4><b>#3</b>Warren Buffett</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1188
+ </ul>
1189
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1190
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1191
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1192
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1194
+ <div style="display: block;" id="listgroup3" class="tabbed listview">
1195
+ <ul>
1196
+ <li class="textintro">
1197
+ Jennifer Lopez jumps to the top of this year's ranking of the richest and most powerful actors, actresses, athletes, writers and musicians.
1198
+ <a class="readmore" href="http://www.forbes.com/celebrities/">View complete list &#187;</a>
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1202
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1203
+ <li class="over lv1c"><a href="http://www.forbes.com/profile/kim-kardashian/" class="lv1c"><img src="http://images.forbes.com/media/2011/10/19/1019_find-the-billionaire-kim-kardashian_380x278.jpg"><div><h4><b>#7</b>Kim Kardashian</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1204
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1205
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1206
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1207
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1215
+ The Forbes Global 2000 are the biggest, most powerful listed companies in the world. This year's list reflects big gains in profit and sales from a broad and deep recovery. Optimism may be back in boardrooms from Beijing to Bentonville, but now come the headwinds.
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+ <li class="over lv1a"><a href="http://www.forbes.com/companies/exxon-mobil/" class="lv1a"><img src="http://images.forbes.com/media/2012/04/20/exxon-mobile_190x280.jpg"><div><h4><b>#1</b> Exxon Mobil</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1219
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1220
+ <li class="over lv1c"><a href="http://www.forbes.com/companies/apple/" class="lv1c"><img src="http://images.forbes.com/media/2011/08/11/0811_apple_380x278.jpg"><div><h4><b>#22</b>Apple</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1221
+ <li class="over lv1d"><a href="http://www.forbes.com/companies/royal-dutch-shell/" class="lv1d"><img src="http://images.forbes.com/media/2012/04/20/royal-dutch-shell_320x181.jpg"><div><h4><b>#4</b>Royal Dutch Shell</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1222
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1223
+ <li class="over lv1f"><a href="http://www.forbes.com/companies/petrobras/" class="lv1f"><img src="http://images.forbes.com/media/2010/11/12/1112_petrobras-oil-platform_320x181.jpg"><div><h4><b>#10</b>Petrobras</h4><span class="readmore">Latest News &#187;</span></div></a></li>
1224
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