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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: wealthy

wealthy stories: 11 news summaries

 Rich May 
 Evolve Into 
 Own Species 

Wealthy winning huge edge with longer life, access to biotechnology

Oct 26, 09 4:41 AM CDT
(Newser) - The super wealthy will have such access to high levels of health care, biotechnology and robotics that they could develop into their own species of being, argues a Silicon Valley  futurist. The rich will be able to grow their own organs and manipulate genetics for superior abilities and freedom from... More »

MORE ABOUT:
health care • biotechnology • organs • species • robotics • rich • wealthy • Paul Scoffo

 Economy Wallops 
 Lawmakers' Fortunes  

Combined, members of Congress sough off hundreds of millions

Sep 14, 09 6:16 PM CDT
(Newser) - The 50 richest members of Congress are still rich, but their personal finances show they’re not immune to the economic downturn, Roll Call reports. Together, the pols on the list have lost $275 million in personal wealth since 2007. In 2008, the legislators' combined assets of $1.3... More »

MORE ABOUT:
Congress • John Kerry • Senate • House of Representatives • Jane Harman • Mark Warner • Jay Rockefeller • US Congress • financial disclosure • Darrell Issa • economic downturn • wealthy

 Brazilian Teen's Ride: 
 Pink, Sporty, Bulletproof 

In Sao Paulo, armoring a car is as much about status as protection

Sep 10, 09 1:06 PM CDT
(Newser) - Sao Paulo, Brazil, is known as the armored car capital of the world, and for good reason, the Wall Street Journal reports. Brazil's murder rate is 5 times the rate in the US, and the wealthy are historically at risk for kidnapping. Add to that a recent influx of... More »

MORE ABOUT:
Brazil • kidnapping • Sao Paulo • Volkswagen • automobile • wealthy • armored car • status

Daughter-in-Law Scolded Astor for Breaking Hip

Charlene Marshall berated 101-year-old
in hospital: witness

Jul 16, 09 2:43 PM CDT
(Newser) - Brooke Astor’s daughter-in-law berated the 101-year-old socialite for breaking her hip in 2003, the New York Post reports. “We had to cancel our trip to London all because of you!” Charlene Marshall groused to the hospitalized Astor, according to testimony from housekeeper Angela Moore. Anthony Marshall is... More »

MORE ABOUT:
will • court • inheritance • Brooke Astor • Anthony Marshall • in-laws • wealthy • Charlene Marshall

(Newser) - If you think that pricey speeding ticket is unfair, just look at Finland, where fines are based on income. Mental Floss takes a look at five doozies:
  • In 2002, a Nokia exec on a Harley got hit with a whopping $103,600 fine for cruising at 47mph in a
... More »

MORE ABOUT:
speeding • driving • Finland • cars • traffic violation • wealthy • speeding ticket

glossies

High-End Media Strikes Back at 'Luxury Bashing'

High-end media
strikes back at mass-market press

Jun 13, 09 7:00 PM CDT
(Newser) - Tired of watching its affluent readership attacked, upscale media outfits are striking back at their mainstream press brethren, Johnnie Roberts writes in Newsweek. Brett Andersen, editor of the high-end monthly Robb Report, had led the charge by blasting the “demonization of the wealthy and the industries that cater to... More »

MORE ABOUT:
luxury • rich • conspicuous consumption • wealthy

ANALYSIS

 Recession Cools 
 Worldwide Migration 


Jun 6, 09 2:51 PM CDT
(Newser) - Facing a tough job market, immigrants are returning home around the world, reversing historic migration patterns and giving up on income that once fed their families, the Wall Street Journal reports. With construction workers going back to Mexico and domestic servants to the Philippines, wealthy nations are also bound... More »

MORE ABOUT:
immigration • migrant workers • migration • recession • migrant labor • Third World • wealthy • poor countries

From Food to Health Care,
the Poor Pay More

The economics of poverty mean the poorest pay higher prices for everyday essentials

May 18, 09 7:54 AM CDT
(Newser) - The economics of poverty are complicated, the Washington Post reports, but it boils down to this: “The poorer you are, the more things cost.” The poor spend more in time, money, hassle, and exhaustion than do the middle class or wealthy on everything from a loaf of bread... More »

MORE ABOUT:
middle class • Cost of Living • poverty • financial crisis • wealthy • poverty line

 Thrift Is Expensive 
 in the Hamptons 

Wave goodbye to conspicuous consumption in the playground of decadence

May 16, 09 2:30 PM CDT
(Newser) - Keeping up with the Joneses means downplaying wealth in the Hamptons this summer, Allen Salkin writes in the New York Times. Conspicuous consumption is out, conspicuous thrift is in as Hamptonites try very hard to match the economic malaise in the rest of the country. “Low-key” and “beachy”... More »

MORE ABOUT:
New York • beach • recession • Long Island • Hamptons • conspicuous consumption • wealthy • Jay-ZTV

GLOSSIES

 Rich Heirs Boast 
 Money and a Job 

Having money just isn't enough for many of the world's wealthy youth

May 10, 09 5:27 PM CDT
(Newser) - Wealthy heirs are dropping their silver spoons and getting down to work, it seems. From the Mondavis to Trumps to sons and daughters of royalty, 38 heirs posing for Vanity Fair this month say they're determined not to rest on family laurels. Some are working hard at the family business... More »

MORE ABOUT:
philanthropy • charity • rich • wealthy

(Newser) - Even the still-rich are unhappy in this economic climate, though their dolor is more likely to come from shame than anything else, USA Today reports. 54% of people who have $100,000 to spend after such mundane things like mortgage payments and taxes “feel guilty purchasing luxury goods” nowadays,... More »

MORE ABOUT:
recession • luxury goods • rich • retail shopping • economic downturn • wealthy • affluent

11 Stories


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