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Carlos Slim Increases Stake in The New York Times

Carlos Slim, the richest person in the world, has increased his stake in the The New York Times Company, upping his ownership of Class A shares to 7.2 percent, up from 6.9 percent. Ad Age reports that increasing investments when the market is down is typical behavior for Slim; he even upped his stake in Saks Inc. the same day. You can do that kind of thing when you’re the richest guy on the planet.

The buy — about 553,000 shares at $6.83 to $7.09 — deepens Slim’s and the Times’ relationship, which goes back to late 2009, when Slim lent the struggling company $250 million (again, something you can do when you use $100 bills for napkins).

In July, the Times returned the favor by announcing they were repaying the debt early, so Slim upping his stake is just him — once again — showing his confidence in the paper.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.