NEWS ABOUT: greed

Americans on Hard-working Rich: Admirable, Greedy

Oh, and more intelligent and less honest: Pew Research Center poll

(Newser) - Good news for the 1%: A little more than 40% of Americans think you are more intelligent and more hardworking than the average Joe, according to a new Pew Research Center poll . And if you worked hard to get your money, then 92% of middle-class Americans would describe you as... More »

Cost of Freedom: Everyone's Selfish

From hippies to capitalists, US has embraced individual liberty: Kurt Anderson

(Newser) - The 1960s brought a raft of cultural freedoms, from women's rights to new attitudes about drugs. But anyone dreaming of economic equality has been sorely disappointed; old-school free market ideas have only gotten stronger. Kurt Anderson has a theory to explain the divide: On both the cultural and economic... More »

Why Money Actually Isn't the 'Root of All Evil'

Common warning is actually a misquote: Trent Hamm

(Newser) - “Money is the root of all evil,” a concerned friend recently wrote to Christian Science Monitor financial blogger Trent Hamm, wondering why Hamm would devote his blog to helping people accumulate wealth. But that phrase, which you’ve probably heard or even said yourself, is actually a misquote,... More »

A New Way to Cheat on Your Spouse: Lie About Money

One in three admit to fibbing about financial matters

(Newser) - Infidelity isn't always the stuff of illicit affairs. A new survey shows that 31% of Americans who combine their finances with a spouse have lied about money to said spouse. "Financial infidelity may be the new normal," writes Jenna Goudreau at her Forbes blog . The most common misdeeds... More »

Let's Not Have a World of 'Greed Without Limits'

Goldman case is a referendum on modern America

(Newser) - The case against Goldman Sachs is about far more than the legalities involved, writes Matt Taibbi. It may "turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s," he writes in an op-ed for the Guardian . That ethos has been worming its... More »

America's Greediest People

Larry Ellison heads up a list full of no-good rich folks

(Newser) - These days, it’s easy to fill up a “greediest Americans” list. Just ask TooMuch.org , a site devoted entirely to “excess and inequality.” “We could fill an entire top 10 just with bankers from Goldman Sachs,” it boasts. The list:
  1. Larry Ellison: The really
... More »

Summers: Stimulus Is Starting to Work

(Newser) - Larry Summers sounded a note of cautious optimism today about President Obama's stimulus plan, the Washington Post reports. While it's way too early to assess its "broader economic impact," Obama's chief economic adviser called it "moderately encouraging" that consumer spending appears to be back on track. More »

Psychologists: Victorian Novels Helped Us Evolve

Victorian literature upheld cooperation, personal sacrifice

(Newser) - Victorian novels didn't just tout moralistic values of 19th-century British society, they helped altruistic genes flourish, a study claims. Evolutionary psychologists say classic characters such as Mr. Darcy and Count Dracula helped instill and promote a sense of right and wrong in society, the Guardian reports, specifically the notion that... More »

'The Oracle' Forgot One Thing: We're Greedy

Founding fathers quickly figured out people couldn't be trusted to be selfless

(Newser) - If those who ignore history repeat it, Alan Greenspan must have slept through a few Constitutional history classes. In promoting the risky derivatives market, the former Federal Reserve chairman was depending on individuals' restraint and care for the greater good. But Americans just aren't that altruistic, as the Founding Fathers... More »

Broker Breaks Ranks to Rant on Profession's 'Gibberish'

Anonymous London columnist goes public

(Newser) - A London broker who wrote a popular, anonymous newspaper column that lambasted the greed, superficiality, and "gibberish"-peddling nature of his profession is going public, quitting the financial world, and, of course, writing a book about it all, Bloomberg reports. “We didn't invent greed,” said Geraint Anderson,... More »

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