Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poorMyFoxDC
Oct. 12, 2012
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.FOX Con-Artists Use Unnecessary Censorship To Make Trump Sound Like He Said 'F*ck'
3.75-Yr-Old German Grandmother Tells of Sexual Harassment by Migrants, Interview Gets Interrupted by Clueless "Integrated" Muslim Teens
4.'End of Europe': Trump Slams Merkel's Refugee Policy, Wants Good Relations With Russia
5.EPA Rule to Ban Car Modification
6.New 'Traffic Violations Agency' Brings Buffalo Extortion Racket to All Time High
7.NYPD Cop Who Retired With Knee Injury, $66G Pension Regularly Runs Triathlons
8.Government Agents Hunt Woman Down After Seeing Facebook Picture Of Her Rehabilitating Baby Squirrels
A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.
Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick "F.J." Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.