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Global Wealth

Voodoo Trickle Down Be Damned

Leo W. Gerard | Posted 03.28.2015 | Politics
Leo W. Gerard

Reaganomics, the plot to appease the rich and condemn the rest, got its comeuppance last week in President Obama's State of the Union speech. The president asked: "Will we accept an economy where only a few of us do spectacularly well?"

Heirs To Inherit $36 Trillion For Doing Nothing

CNBC | Robert Frank | Posted 05.29.2014 | Business

The greatest wealth transfer in history is underway, according to a new report. A study from the Boston College Center on Wealth and Philanthropy p...

The U.S. Blows Everyone Else Out Of The Water In 1 Key Way

The Huffington Post | Maxwell Strachan | Posted 11.05.2013 | Business

That one way? We're really, really good at creating really, really rich people -- like, $50 million-plus rich. Just ignore the fact that our 400 wealt...

The 1 Percent Hold Nearly Half Of Global Wealth

Reuters | Posted 10.16.2014 | Business

Oct 9 (Reuters) - Global wealth has risen by 68 percent over the past 10 years to reach a new all-time high of $241 trillion and the United States acc...

Study: World's Richest People Got 10 Percent Wealthier In 2012

Reuters | Posted 08.18.2013 | Business

By Jennifer Hoyt Cummings June 18 (Reuters) - The number of millionaires in the world jumped 9.2 percent to 12 million last year, in p...

Report: Global Wealth FALLS

Reuters | Posted 12.17.2012 | Business

By Astrid Wendlandt PARIS, Oct 17 (Reuters) - The combined wealth of all individuals has fallen this year for the first time since the...

Columbus Day and the Arab Spring

Nancy Rubin Stuart | Posted 12.05.2012 | World
Nancy Rubin Stuart

Five hundred and twenty years ago this weekend, Christopher Columbus crossed the Atlantic and discovered -- or, more accurately, "rediscovered" -- Nor...

United States Losing Millionaires As China, India Gain Them, Study Shows

The Huffington Post | Catherine New | Posted 05.31.2012 | Money

The number of rich people in the United States is declining, even as the number of millionaires elsewhere in the world grows, according to a new study...

Visualizing The Income Gap

Posted 12.25.2011 | Business

One of the focal points of the protests raging in Zuccotti Park and around the world is the sizable gap between the rich and everyone else. Yet as the...

Millionaires Control Nearly 40 Percent Of Global Wealth

Posted 12.19.2011 | Business

By Robert Frank of the Wall Street Journal Here’s another stat that the Occupy Wall Streeters can hoist on their placards: The world’s milliona...

'The Rise Of The New Global Elite'

The Atlantic | Chrystia Freeland | Posted 05.25.2011 | Business

Before the recession, it was relatively easy to ignore this concentration of wealth among an elite few. The wondrous inventions of the modern economy-...

PHOTOS: The 11 Richest Countries In The World

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Global wealth imbalances are shrinking in the wake of the financial crisis, according to a new report that measures data from 50 countries which make ...

Super-Rich Actually See Wealth Grow

Reuters Via CNBC | Posted 05.25.2011 | Business

Wealth held by rich investors with assets over $1 million is set to grow 50 percent in the next five years to $75 trillion, according to a report publ...