wealthy

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The Rich Use 9/11 to Dominate the Poor: Gerald Caplan

 Real Legacy of 9/11: 
 The Rich Win 
opinion
Sep 10, 2011 3:49 PM CDT

Real Legacy of 9/11: The Rich Win

A 'cabal of extremist millionaires' dominate policy: Gerald Caplan

(Newser) - After 9/11, a "cabal of extremist billionaires" escalated a class war that has crushed the American people and threatened the world, Gerald Caplan writes in the Globe & Mail . "There are more filthy rich folks now than at any other moment in history," he writes, but wounded...

What It's Like to Have Your Own Private Island

Apparently, it's quite a bit of work

(Newser) - The latest Rich Person Trend: Buying your own private island in the Exuma Cays, a little-known cluster of 365 small and mostly uninhabited islands in the Bahamas. Tyler Perry, Tim McGraw, and Faith Hill are among the newer buyers, joining older purchasers including Johnny Depp and David Copperfield. But what...

Dear Top 1%: Payback Is a ...
 Dear Top 1%: 
 Payback Is a ... 
OPINION
Apr 6, 2011 1:55 PM CDT

Dear Top 1%: Payback Is a ...

Richies are going to regret shafting everyone else: Stiglitz

(Newser) - Revolution is raging in the Middle East, in societies that all have one thing in common: 1% or less of their population controls the lion’s share of the wealth. “As we gaze out at the popular fervor in the streets, one question to ask ourselves is this: When...

Program Teaches Rich Kids How to Be Rich

6-week program will instruct scions how to handle wealth

(Newser) - Wealthy parents, worry not—your kid no longer has to end up like Billy Madison . Not, that is, if you enroll him in Global Fellows in Social Enterprise, a new internship for the scions of the mega-rich. The idea is to teach the college-age participants how to deal with money,...

Warren Buffett: Rich Sons Not Coming Home in Body Bags

He continues crusade for higher taxes

(Newser) - Warren Buffett continued his plea that the rich be taxed more—but he went a bit further today than he did last week . “There's no sacrifice among the rich,” he told ABC’s This Week, according to Politico . “There's plenty of sacrifice going on now. I mean,...

'Patriotic Millionaires': Raise Our Taxes

A handful of the wealthy form fiscal responsibility club

(Newser) - Some of the country’s richest people are asking President Obama to raise their taxes. More than 40 millionaires have signed onto a group called “ Patriotic Millionaires for Fiscal Strength ,” advocating a rollback of the Bush tax cuts for anyone earning more than $1 million a year. “...

US Is Worse Than Banana Republics
 US Is Worse Than 
 Banana Republics 
Nicholas Kristof
Nov 18, 2010 12:59 PM CST

US Is Worse Than Banana Republics

Yet somehow we need to give the rich tax breaks?

(Newser) - It’s tempting to say that the US now has a banana republic-level income inequality, but that’s not fair—to banana republics. “The truth is that Latin America has matured and become more equal,” writes Nicholas Kristof of the New York Times , even as the US has...

Quit Waffling, Obama, and Stand Up to Bazillionaires

The mega-rich are sucking America dry, pay less taxes than ever

(Newser) - The electorate may have little love for wealthy, would-be politicians like Meg Whitman, John Raese, and Linda McMahon, writes Frank Rich for the New York Times . But maybe they should: Whitman and Co. were at least trying to give back, unlike most obscenely wealthy folk. The top 1% of American...

15 Signs You're Destined to Be Rich

Blond prom queens luck out

(Newser) - The Daily Beast has turned its list-making prowess to wealth, following up articles on how to know you'll get married ... or cheat ... with one that outlines 15 signs that you'll be rich. Cross your fingers, and read on:
  1. It's good to be good looking: Attractive men earn 9% more than
...

India Tycoon Builds First Billion-Dollar Home

Mukesh Ambani spares no expense

(Newser) - The wealthiest man in India has built a new estate that sets the bar for opulence and ostentation. Mukesh Ambani's $1 billion home in Mumbai, named "Antilia" after a mythical island, requires a staff of 600 to man its gym, dance studio, ballroom, guest rooms, movie theater, lounges, garden,...

Whiny Law Prof Quits Blogging After Lament for Rich People

'Super rich' Todd Henderson complained about taxes

(Newser) - Todd Henderson has quit blogging—just a bit too late to avoid a stint as an internet punching bag. "I was a fool," he writes for Truth on the Market . "I wish I had just stuck to blogging about corporate law and such, but I couldn’t...

Recession Tips From the Rich
 Recession Tips From the Rich 
use less gas...on your yacht
Feb 24, 2010 12:21 PM CST

Recession Tips From the Rich

Yacht fuel eating up too much of your budget? You're not alone.

(Newser) - Still looking for ways to cut costs in these tough economic times? Let these actual rich people, as overheard by Nell Scovell, guide you. She recounts their advice in Vanity Fair :
  • “With diesel at the marina up over $3 a gallon, we’re trying to keep the Hinckley’s
...

Rich May Evolve Into Own Species

Wealthy winning huge edge with longer life, access to biotechnology

(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...

Economy Wallops Lawmakers' Fortunes

Combined, members of Congress sough off hundreds of millions

(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 billion...

Brazilian Teen's Ride: Pink, Sporty, Bulletproof

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

(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 wealth,...

Daughter-in-Law Scolded Astor for Breaking Hip

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

(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...

Finland, Land of the $200K Speeding Ticket

(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 31mph
...

High-End Media Strikes Back at 'Luxury Bashing'
High-End Media Strikes Back at 'Luxury Bashing'
glossies
Jun 13, 2009 7:00 PM CDT

High-End Media Strikes Back at 'Luxury Bashing'

High-end media strikes back at mass-market press

(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...

Recession Cools Worldwide Migration
 Recession Cools 
 Worldwide Migration 
ANALYSIS
Jun 6, 2009 2:51 PM CDT

Recession Cools Worldwide Migration

(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 to...

From Food to Health Care, the Poor Pay More

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

(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...

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