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September 6, 2008 11:54:17 AM CDT

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Stories related to: wealth

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Stories 1 - 20 of 27

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  • August 2008

    • Obama Flips 'Elitist' Tag Onto McCain

      Washington Post  |  Aug 22, 08 9:22 AM CDT

      Obama Flips 'Elitist' Tag Onto McCain

      (Newser) - John McCain's inability to recall how many homes he owns could throw a wrench in his attempt to paint Obama as an elitist, the Washington Post reports. The furious back and forth between camps—the Obama team pounced and mocked, while McCain's charged hypocrisy and pulled out the Rezko card—ratcheted up the recent nasty tone and demonstrated how important the "regular guy" image is to both candidates. More »

      Tags

      Barack Obama  • John McCain  • wealth  • campaign tactics  • houses  • elitism

    • Go Figure: Candidates Differ Wildly on What 'Rich' Means

      Los Angeles Times  |  Aug 18, 08 4:03 PM CDT

      Go Figure: Candidates Differ Wildly on What 'Rich' Means

      (Newser) - If there was a "gotcha" question in Saddleback Pastor Rick Warren's interviews with the presidential candidates Saturday, it was asking them each to take a shot at defining "rich."  Barack Obama said people making more than $250,000 per year. John McCain went with $5 million—a figure he immediately regretted—"I'm sure that comment will be distorted," he added—and his campaign later claimed was a joke. More »

      Tags

      Barack Obama  • John McCain  • wealth  • Cindy McCain  • Rick Warren  • Saddleback Church

    • $1K iPhone App? Get Control of Your Store, Apple

      Mashable  |  Aug 6, 08 7:15 PM CDT

      $1K iPhone App? Get Control of Your Store, Apple

      (Newser) - Though the $1,000 “I Am Rich” iPhone application that so enrages Don Reisinger seems to have disappeared from Apple’s store since his original Mashable post this morning, his call for the giant to impose some order on would-be price-gougers stands. “There’s nothing stopping other developers from charging too much for apps,” writes Reisinger, blasting the program whose jewel icon is almost literally all it does. More »

      Tags

      Apple  • iPhone  • software  • wealth  • regulation  • luxury goods  • iPhone applications

  • July 2008

    • Rich Turn to Pimping Basements

      Portfolio  |  Jul 29, 08 9:29 AM CDT

      Rich Turn to Pimping Basements

      (Newser) - Basements are no longer the lowly underbelly of the high-end home. With the rise of home-theater technology, and widespread community opposition to mansion expansion, wealthy homeowners are increasingly turning basements into underground playgrounds, Portfolio reports, featuring everything from faux-'50s diners to recording studios to saunas. “Whether you have a $2 million house or a $20 million house, finished basements are important," one broker says. More »

      Tags

      wealth  • homeowners  • home renovation  • luxury homes

    • Therapists See New Disorders in Mega-Rich

      New York Times  |  Jul 7, 08 9:05 AM CDT

      Therapists See New Disorders in Mega-Rich

      (Newser) - These days the rich in America are richer than ever—but with more money come more problems, from fears of inadequacy to neurotic consumption. To help them with their troubles, these titans of Wall Street or K Street call upon a small group of therapists who make a specialty of treating the mega-wealthy. The New York Times speaks to more than a dozen practitioners about the psychological effects of too much money. More »

      Tags

      money  • wealth  • therapy  • psychotherapy  • psychologist  • neuroticism

    • Not So Fast With Those Numbers, David Brooks

      TPM Cafe  |  Jul 2, 08 7:12 PM CDT

      Not So Fast With Those Numbers, David Brooks

      (Newser) - Despite David Brooks' attempts to “muddy” the mathematical waters, Barack Obama’s tax plan doesn’t hit the wealthy very hard—and it’s the one that helps the middle class, Jared Bernstein writes in Talking Points Memo Café. Brooks wrote in the Times that moneyed Americans would pay “over 50% of their income” under Obama, but Bernstein says the top 1% would fork over 36%, the top 0.1% only 39%—comparable to rates under Clinton. More »

      Tags

      Barack Obama  • John McCain  • Bill Clinton  • taxes  • wealth  • middle class  • David Brooks

  • June 2008

    • Under Violent Seige, Tijuana's Elite Flee

      Los Angeles Times  |  Jun 8, 08 3:03 PM CDT

      Under Violent Seige, Tijuana's Elite Flee

      (Newser) - As drug-fueled violence skyrockets in Tijuana, the upper-class is fleeing the city, with more than 1,000 wealthy families migrating to the US, reports the LA Times . The Mexican city is now second to Baghdad in kidnappings and many American real estate agents describe clients who arrive missing fingers or with fresh wounds. A government crackdown on drug cartels may have forced organized crime groups to seek out other means of income. More »

      Tags

      crime  • kidnapping  • drugs  • immigration  • wealth  • Tijuana  • border crossing

  • May 2008

    • How the Rich Can Buy Time

      W  |  May 4, 08 2:49 PM CDT

      How the Rich Can Buy Time

      (Newser) - Time is truly the currency of the rich, and W offers tips on today's ultimate luxury. How to save a few of those grains in the hourglass: Delegate: Outsourcing isn’t just for heartless CEOs—pay people to break in your smoking jackets for you. Don’t bother with books: Enlist a minion to do the reading, then give you the highlights. More »

      Tags

      wealth  • luxury  • lifestyle  • rich  • time

  • March 2008
  • February 2008

    • How to Be Middle-Class Rich

      Forbes  |  Feb 21, 08 10:26 AM CST

      How to Be Middle-Class Rich

      (Newser) - Middle-class millionaires are carving out a luxe lifestyle to define their 16.5-million strong group, Forbes reports. And while the $1 million to $10 million stashed in the bank doesn’t make them all that rich, that doesn't put much of a dent in lavish spending habits: Mega-home improvements, to the tune of $150,000 yoga rooms. Haute couture jewelry, complete with 11-carat diamonds. More »

      Tags

      list  • wine  • wealth  • luxury goods  • luxury travel  • middle class  • millionaires  • luxury car  • Lamborghini

    • Wealth Doesn't Always Aid Health

      BBC  |  Feb 18, 08 3:17 AM CST

      Wealth Doesn't Always Aid Health

      (Newser) - Citing new child mortality statistics, analysts say a nation's wealth doesn’t always translate into better health for its youngest citizens, the BBC reports. Every year, 10 million children die before their fifth birthday, with 99% of the fatalities occurring in the developing world. But even when conditions improve, survival is often just a “lottery,"  depending on where a baby is born, said a spokesman for Save the Children. More »

      Tags

      health  • India  • Gordon Brown  • doctor  • wealth  • Nepal  • Bangladesh  • Tanzania  • Malawi  • Save the Children  • malnutrition  • ancient customs  • Angola

  • January 2008

    • Prep Schools' Endowments Skyrocket

      New York Times  |  Jan 26, 08 1:15 PM CST

      Prep Schools' Endowments Skyrocket

      (Newser) - Endowments at the nation’s elite prep schools have exploded over the past decade, mirroring the trend at top colleges, reports the New York Times . America’s older schools have fared best: the endowment of Phillips Exeter Academy in NH has broken $1 billion, double its amount in 2002, while Phillips Academy in Andover holds more than $800 million. More »

      Tags

      wealth  • endowment  • financial aid  • private schools  • prep schools

  • December 2007

    • A Tale of 2 (Rich) Candidates

      New York Times  |  Dec 23, 07 11:52 AM CST

      A Tale of 2 (Rich) Candidates

      (Newser) - John Edwards and Mitt Romney are both self-made millionaires who used their wealth to climb the political ladder, the New York Times reports. But Edwards is an old-school populist who chalks up the current 1920s-level income gap to Reaganesque policies eroding the middle class, while Romney thinks the key to growth is laissez-faire economics. More »

      Tags

      election 2008  • Mitt Romney  • US economy  • John Edwards  • wealth  • laissez faire economics  • Reaganomics

    • Rich Getting Even Richer, Even Faster

      New York Times  |  Dec 15, 07 4:17 PM CST

      Rich Getting Even Richer, Even Faster

      (Newser) - America’s economy is great, the New York Times says, if you’re already super rich. Between 2003 and 2005, America’s top 1% saw a meteoric 42.6% jump in income. The rest of us? Well, the middle fifth earned an extra 4.3%, and the bottom fifth just 1.3%—or $200 per household. “This is an economy that’s working, but not working for everyone,” said one economist. More »

      Tags

      US economy  • wealth  • ultra rich  • income disparity

    • Pervy Billionaire or 21st-Century Hugh Hefner?

      New York  |  Dec 11, 07 9:06 PM CST

      Pervy Billionaire or 21st-Century Hugh Hefner?

      (Newser) - He owns the largest residence in Manhattan, several planes, and a private island. A superstar financial adviser to seriously wealthy clients, Jeffrey Epstein is also a patron of cutting-edge scientists and an FOB. But, New York magazine writes, he inhabits a sexual dream world populated by young girls giving "massages" that has him facing federal prostitution charges. More »

      Tags

      Bear Stearns  • prostitution  • wealth  • underage sex  • child prostitution

  • October 2007

    • Young Tycoons in Endless Pursuit of Next Project

      New York Times  |  Oct 28, 07 9:54 AM CDT

      Young Tycoons in Endless Pursuit of Next Project

      (Newser) - Rather than reveling in his $100 million fortune, mogul Max Levchin spent a year feeling "worthless and stupid" after he sold PayPal to eBay at the age of 27. Too young to retire, too restless to become a philanthropist, Max was like many young Silicon Valley tycoons dogged by their own over-achievement, the New York Times reports . More »

      Tags

      eBay  • Silicon Valley  • wealth  • millionaires  • PayPal  • tech companies

  • September 2007
  • August 2007

    • New Flood Gates Protect the Few, Not the Many

      New York Times  |  Aug 17, 07 2:38 PM CDT

      New Flood Gates Protect the Few, Not the Many

      (Newser) - New Orleans is still at severe risk from a serious flood, even though the Army Corps of Engineers has spent 2 years and $1 billion on the city's hurricane protection system. What's more, much of what's been done will benefit only wealthier neighborhoods. “We’re still with this damned patchwork quilt," says an engineering professor. The Times takes a look. More »

      Tags

      Hurricane Katrina  • New Orleans  • weather  • flood  • storm  • hurricane  • wealth

    • A Million Here, a Million There ...

      New York Times  |  Aug 5, 07 3:33 PM CDT

      A Million Here, a Million There ...

      (Newser) - Millionaires are a dime a dozen in Silicon Valley, where a seven-digit net worth was once a ticket to the good life. Today, lower-level millionaires have to clock 12-hour workdays just to stay afloat. The Times reports on some living embodiments of "be careful what you wish for." More »

      Tags

      money  • Silicon Valley  • wealth  • millionaires

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