Just as a report was released showing that 26 billionaires own as much wealth as the bottom half of the world population, billionaire Ken Griffin bought a $123 million house.
One thing that very rich people are good at is managing risk. If they make a judgment that the political tide is turning against them, they will seek to make a deal. Now is the time to mentally prepare ourselves to reject that deal.
America is suffering from four decades of rising economic inequality. A prime driver of that inequality is the decline of union power in our country. Unfortunately, union membership is still moving in the wrong direction. Do not be misled: this is awful.
Divisive and nefarious political tricknologists often try to scare working Americans by claiming that immigrants are coming to steal their jobs. In fact, working Americans should fear robots—the heartless metallic bringers of unemployment. How bad can it get?
A carbon tax—a radical socialist idea that would surely destroy the American economy—has been endorsed by yet another radical socialist group: four former chairs of the Federal Reserve. These “green” wackos simply don’t understand Economics 101.
I often am asked, by esteemed colleagues, friends, and readers, “What is investing my money, and how?” Here’s the explanation. Never pay anyone to tell you this same stuff, in a more boring way.
Financial giant Blackstone, led by Trump-whisperer Steve Schwarzman, is raising a $20 billion real estate fund that will give it a buying power “more than the total value of all the commercial property purchased New York, Chicago and San Francisco in the first 11 months of 2018.” Oh... good.
Since 2001, the Innocence Project New Orleans [IPNO] has freed 33 innocent people from spending their lives in prison in one of the very harshest states in America. We spoke to Jee Park, the group’s executive director, about racism and the quest for justice, in Louisiana and everywhere.
There is absolutely no reason to squander our precious national consensus and good will on the divisive issue of gun control, when instead all sides can agree to simply train terrified shopping mall Santa Clauses to rush active shooters, bravely.
Hello, and thank you for your interest in “corporate diversity.” We share your commitment to diverse leadership in the workplace! There is just, ah, one slight hiccup, according to this report...
As charitable foundations go, the Ford Foundation—which lists “challenging inequality” as its defining goal—is not bad. But there’s always room for improvement.
In 2018—for the first time in ten years—hedge funds performed slightly better than a simple, low-cost index fund. “Being paid a zillion dollars for being barely worthwhile once a decade” is the American dream, and we applaud hedge funds for setting an example.
Seen any good movies lately? How about Aquaman? Or Spider-Man? Who is excited for the upcoming release, Captain Marvel? Or the upcoming release, Hellboy? Hey, anyone got some poison, for me to drink, to gain sweet release?
If you have a proposal that will meaningfully improve our inequality-wracked nation, it will not be long before a wise, sympathetic friend places a hand on your shoulder and says, in a sympathetic tone: “I’m very sorry, but America just isn’t ready for that yet.”
For the Democrats, winning the White House in 2020 will require bold moral leadership combined with savvy political strategy. But mostly, it will require challenging that soft bastard to a fight, every day, and never shutting up about it.
For the first time since 2015, the median apartment in Manhattan costs less than a million dollars. ($999,000.) At last, even you can access the glamorous Manhattan lifestyle at an affordable price point!
“[The] richest 10% of people in high-inequality countries are more socially anxious than all but the bottom 10% in low-inequality countries.” Achieve serenity by giving your money to the poor, or to me.
You don’t have to give the bad man things. Just make him wait long enough and he’ll start telling his fans that he got them.
At this time last year, I made the worthless prediction that 2018 would be The Bad Year. Was it? No, it was not. That means that we may still have The Bad Year to look forward to.
It’s funny, the disconnect between the things that we say we value, and the people that we treat as valuable.