Wealth

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Please Welcome Peter W. Galbraith and Andrew J. Hall to the Billionaire Bailout Society

Les Leopold | Posted 11.13.2009 | Business

Read More: Andrew J. Hall, CEO Pay, Bailout, Wealth, Economic Crisis, Financial Crisis, Peter Galbraith, Billionaires, Business News

Galbraith reportedly got himself a $100 million piece (or more) of a Kurdish oil field. Hall's oil trading scams are picking our pockets by driving up the price of oil just enough for him to make a killing.

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Want To Be Happier? You May Need To Move

msn.com | Posted 11.10.2009 | Living

Read More: Infrastructure, Education, Job Satisfaction, Wealth, States, Personality, Economy, Well-Being, Social Programs, Satisfaction, Tolerance, Moving, Cambridge, Happiness, Living News

New research suggests U.S. states with wealthier, better educated and more tolerant residents are also happier on average....

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Obama's Choice: Jobs Now or Republicans in November

Les Leopold | Posted 11.09.2009 | Business

Read More: Financial Crisis, Unemployment, Wall Street Crisis, Wealth, Barack Obama, Economic Crisis, Republicans, Business News

We face a true national emergency. More than 30 million Americans are without jobs or are working part-time because there are no full-time jobs to be found.

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Success for Dummies

Tom Morris | Posted 11.10.2009 | Business

There is something important to be learned from Jeff Dunham's improbable rise. Passion and belief are often able to create a path forward where none may exist.

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Sparking a Populist Revolt Against the Billionaire Bailout Society

Les Leopold | Posted 11.03.2009 | Business

Read More: Wealth, Wall Street, Economy, Financial Crisis, Glenn Beck, Paul Krugman, Barack Obama, Sarah Palin, Business News

What can we do in the face of so much wealth, so much lobbying power and so much weakness on the part of so many political leaders?

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Geithner Advocates Permanent Billionaire Bailout Society?

Les Leopold | Posted 10.30.2009 | Business

Read More: Financial Crisis, Unemployment, Billionaires, Wealth, Bailout, Economic Crisis, Paul Volker, Economic Recovery, Alan Greenspan, Too Big to Fail, Recession, Business News

We can either prop up the billionaire bailout society as Geithner wants or we can begin the necessary process of breaking it up. You know what the financial interests want.

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10 Sure Fire Ways to Make Your Life 100 Times Better

B. Jeffrey Madoff | Posted 10.29.2009 | Living

Read More: Relationship Advice, Youth, Wealth, Corporate Responsibility, Sex, Books, Self-Confidence, Self-Improvement, Self-Esteem, Business, Confidence, Self-Help, Self-Realization, Living News

My grandmother was a wise woman. She would tell me, "Live each day, one at a time." When I asked her how else you could live, she would take a sip from the flask under her apron and shrug her shoulders.

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Breaking out of the Billionaire Bailout Society

Les Leopold | Posted 10.28.2009 | Business

Read More: Financial Crisis, Billionaires, Wall Street, Bailout, Wealth, Economic Crisis, Business News

Perhaps we need a new vocabulary that helps us describe a society that promotes the accumulation of vast riches, bails out the rich, and avoids responsibility for the common good.

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Why Billionaires Should Pay for the Jobless Recovery

Les Leopold | Posted 10.25.2009 | Business

Read More: Tarp, JP Morgan Chase, Goldman Sachs, CEO Pay, Morgan Stanley, Unemployment, Wealth, Bailout, Financial Crisis, Business News

For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.

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Will Obama Save America From Capitalism?

David A. Love | Posted 10.15.2009 | Politics

Read More: Wall Street Bailout, Capitalism: A Love Story, Wall Street Crisis, Capitalism, Michael Moore, Economic Stimulus Package, Economic Crisis, Business News, Financial Crisis, Timothy Geithner, Tarp, Elizabeth Warren, Joseph Stiglitz, Citibank, Paul Krugman, Simon Johnson, Plutonomy, Bill Moyers, Citigroup, Income Inequality, Larry Summers, Wealth, Consumer Protection, Banking Crisis, Banks, Bank Bailout, Foreclosure, Health Care, Mortgage Crisis, Politics News

American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.

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American Obsession With Rich Explains Bloomberg: Guardian

The Guardian | Hadley Freeman | Posted 10.14.2009 | New York

Read More: Anthony Marshall, Recession, American, Wealth, Brooke Astor, New York, New York City, Charlene Marshall, Jon Gosselin, Kate Gosselin, The Great Recession, Jon and Kate Plus 8, Brooke Astor Trial, Gosselin, Us Economic Crisis, Brooke Astor Anthony Marshall, The Great Depression, Astor, New York News

It's not that Americans are obsessed with people with money, exactly; it's that they are obsessed with how those people made that money and, more impo...

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Dwight D. Eisenhower vs. Andrew J. Hall

Les Leopold | Posted 10.10.2009 | Business

Read More: Andrew J. Hall, Financial Crisis, Dwight Eisenhower, Wall Street, Bailout, Wealth, Citigroup Bailout, Economic Crisis, Business News

The way in which oil speculator Andrew J. Hall is going to get his $100 million demonstrates clearly why we need to return to the 91 percent top bracket income taxes of the Eisenhower years.

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Bloomberg Donates $65M to Needy Campaign Consultants

Jarrett Murphy | Posted 10.05.2009 | New York

Read More: Anthony Weiner, Term Limits, William Thompson, Mayor, Wealth, Michael Bloomberg, Campaign Finance, Democracy, New York City, 2009 New York City Mayoral Election, Bill Thompson, New York News

Bloomberg is on pace to spend $118 million on this year's race and over a quarter of a billion dollars in declared campaign expenditures on his three runs for office.

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The Forbes 400 Shows Why Our Nation Is Falling Apart

Les Leopold | Posted 10.01.2009 | Business

Read More: Wealth, Wall Street, Income Inequality, Economic Crisis, Financial Crisis, Higher Education, Health Care, Global Warming, Eisenhower, Forbes 400, Middle Class, Dwight D. Eisenhower, Billionaires, Forbes, Tax Breaks, Forbes 400 Richest Americans, Business News

Collectively, the Forbes 400 have $1.57 trillion in wealth. It's hard to get your mind around a number like that. So let's imagine that it was available for the public good. What does $1.57 trillion buy?

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Forbes 400 List: Forbes Releases Names Of America's Richest People

Forbes | Edited by Matthew Miller and Duncan Greenberg | Posted 09.30.2009 | Business

Read More: Billionaires, Forbes 400 List, Forbes 400, Dropped, Richest Women, Recession, New Forbes List, Rankings, Wealth, Richest Men, Richest People, Forbes List, Economy, Business News

The rich haven't gotten richer--or poorer--this year. The price of admission to this, the 27th edition of The Forbes 400, is $1.3 billion for the seco...

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An Estate Tax Victory By Any Other Name

Chuck Collins | Posted 10.01.2009 | Politics

Read More: Taxes, Warren Buffett, Anti-Tax, Estate Tax, Income Distribution, Wealth, Death Tax, Bloomberg, Chamber of Commerce, Politics News

Sometimes you can't declare victory until the other side concedes defeat. That's what happened Monday in the decade-long struggle over the future of the estate tax, our nation's only levy on inherited wealth.

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Economic Inequality: The Wall Street Journal Is Just Wrong

Bruce Judson | Posted 09.16.2009 | Business

Read More: Financial Crisis, Economic Equality, Wealth, Wall Street Journal, Wealth Gap, Economic Crisis, Business News

The Wall Street Journal reported that economic inequality was never really a problem, and even if it is we no longer have to worry about it. These conclusions are just plain wrong.

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Top 1 Percent Of Americans Reaped Two-Thirds Of Recent Income Gains

Center on Budget and Policy Priorities | Avi Feller and Chad Stone | Posted 11.09.2009 | Business

Read More: Emmanuel Saez, Income Concentration, Thomas Piketty, Irs, Wealth, National Bureau of Economic Research, Income Inequality, Business News

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger s...

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Happy Wall Street Day?

Les Leopold | Posted 10.22.2009 | Business

Read More: Financial Crisis, CEO Pay, Bailout, Wall Street, Wealth, Economic Crisis, Business News

Labor Day began in 1882 to honor those "who from rude nature have delved and carved all the grandeur we behold." Today, we have so devalued labor that we hardly notice when millions lose their jobs.

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How Laffer Inadvertently Prophesies The Limits of Capitalism

Stephen Herrington | Posted 10.16.2009 | Business

Read More: 401(K), Taxes, Wealth, Stock Market, Economy, Economic Crisis, Tax Cuts, Arthur Laffer, Wage Gap, Housing Crisis, Wealth Gap, Fiscal Responsibility, Business News

As the very rich have increased the gulf between their wealth and that of the average citizen, two patterns have emerged.

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One Nation, Two National Economies

Max Fraad Wolff | Posted 09.24.2009 | Business

Read More: Foreclosure, Unemployment, Wealth, Two Americas, Income, Stock Market, Housing Crisis, Business News

The trend toward greater inequality has grown through the last 4 months of the downturn.

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The Rise and Fall of Artificial Wealth

Michael D. Intriligator and R. Kyle Martin | Posted 09.17.2009 | Business

Read More: Economic Stimulus Package, Wealth, Economy, Economic Crisis, Financial Crisis, Artificial Wealth, Recovery, Economic Recovery, Recession, Business News

Christina Romer, Chair of the White House Council of Economic Advisors, said she is "incredibly confident" the U.S. economy will recover within a year. We disagree.

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6 Simple Secrets To Manifesting Financial Wealth Today

Jack Canfield | Posted 09.14.2009 | Living

Read More: Jack Canfield, Financial Wealth, Success, Chicken Soup for the Soul, Wealth, Finance, Money, Money Secrets, The Balanced Life, Living News

The supply of money is truly infinite once you apply certain principles that have made millionaires and billionaires over and over again.

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Andres Piedrahita Shamed By Media Into Leaving Mega-Yacht

Vicky Ward | Posted 09.05.2009 | Business

Read More: Socialites, Yachts, Bernard Madoff, Walter Noel, Wealth, Privilege, Andres Piedrahita, Yacht, Business News

Last week, I wrote how Piedrahita, the major shareholder of a feeder fund that lost $7 billion of investors' money to Bernie Madoff, was summering on his new yacht. This week, he's off the yacht.

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Arab Divisions: New Trend in Guest-List Lifestyles Splits Arab Societies

Journalism Boot Camp | Posted 08.29.2009 | World

In the Qatari capital of Doha, the desert has transformed into lush, luxury communities. It is part of a trend in social segregation unlike anywhere else in the world.

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