tagged w/ Richest
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Christy Walton inherited a handsome share of the famous Wal-Mart supermarket chain after the death of her husband. Well this year, Christy Walton had made it to the listChristy Walton inherited a handsome share of the famous Wal-Mart supermarket chain... more
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mky786
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1 year ago
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suzane
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2 years ago
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Expensive stuff you can take with you,...hell,...it can take YOU,...and other stuff.
When air travel is in question, the rich and famous fly in their own private jets. Equipped with luxurious interiors to suit their delicate taste, these private planes such as Cessna, Boeing, or Convair, make the trips their wealthy owners more comfortable and enjoyable. So, next time you fly in economy class I bet you’ll think about these lucky guys.
Read more: http://www.chilloutpoint.com/featured/top-10-private-jets-billionaires-unlashed.html#ixzz0o3GlAyWS
http://www.chilloutpoint.com/featured/top-10-private-jets-billionaires-unlashed.htmlExpensive stuff you can take with you,...hell,...it can take YOU,...and other stuff.... more
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President Obama won’t tell us in his State of the Union address. The deficit hawks won’t crow about it. Don’t expect the Tea Party or Rush and Beck to highlight our generosity either. But the sad fact is this: During the worst year since the Great Depression, with 30 million people out of work or forced into part-time jobs, Wall Street is awarding itself $150 billion in bonus money…..and it comes from us!
That’s $500 for every man, women and child in the country — $2,000 for a family of four. (Maybe we should try deducting it from our income taxes as a charitable donation.)
Had we not bailed out the financial sector, there would be no bonus pool this year. Zip, zero, ziltch.
It seems like financial Alzheimer’s setting in as many forget how all this happened. Wall Street, and no one else, crashed the economy through its fantasy finance extravaganza. It created, sold and traded a slew of newfangled financial instruments that were supposed to remove risk from risky investments. Wall Street went begging for subprime debt in order to create and market their new financial securities, the most profitable activity in their history. As a result of their securitization casino, which leveraged bet upon bet, the housing market turned into a bubble and finally burst. Wall Street had miscalculated, big time. The risk returned with a vengeance.
Not matter what Rick Santelli proclaims, government interference didn’t cause the crash. Greedy, stupid home buyers didn’t cause the crash. Poor people backed by the Community Reinvestment Act didn’t crash the system. And China didn’t cause it either. The book should be closed on this: Wall Street’s fantasy finance casino did us in. (Please see The Looting of America for a fuller account.)
Once housing prices stopped their meteoric rise, the entire precarious structure of bets piled upon subprime loans, turned toxic. The banking system froze and the real economy was tossed off a cliff. We truly were on our way to the next Great Depression.
Policy leaders of all stripes bailed out the financial system because they thought there was no choice–and that was true to an extent. Preventing total financial collapse was necessary. The choices to be made were about how to prevent a further collapse and what kinds of demands we’d make on the banks that had brought disaster upon themselves and the rest of us. Bush, Paulson, Bernanke, Obama, Geithner, Summers and Congress made their choices. They poured money into the banking sector like never before. We gave the Wall Street banks gigantic loans and enormous guarantees on their toxic assets. We gave them TARP. It all totaled to more than $12 trillion, with most of it still in play, even after the TARP repayments. (See Nomi Prins’s excellent accounting..)
We can, and should, argue about whether the bailout was put together properly. A strong case can be made that the victims (the public), rather than the perpetrators (Wall Street’s casinos), should have received our support. Clearly, there were much better ways to rescue the failing economy and produce jobs, which is still by far our number one problem.
Wall Street was saved from bankruptcy, including Goldman Sachs which now cavalierly insists that it didn’t really need the bailout money (yet it took $12.9 billion of taxpayer support via AIG, and tossed it into its bonus pool.) Wall Streeters actually think they’ve earned the $150 billion in bonuses through their own cleverness. Think again. It’s nothing more than taxpayer welfare.
Of course, no one wants to admit that we put the richest people in the world on welfare. It’s embarrassing to acknowledge that we are rewarding those who killed millions of jobs. And worst of all, our political establishment doesn’t have the nerve to take our money back.
More at the link:President Obama won’t tell us in his State of the Union address. The deficit... more
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Eight months on the shelf after knee surgery put a severe dent in his prize money, and killed his overseas appearance fees. One of his main sponsors walked away a year before their agreement was set to expire.
Yet Tiger Woods remains sports' highest earner with an annual income two and a half times larger than his closest competitor. The world's top golfer made $110 million during the past 12 months and is the best paid sportsman for the eighth straight year.Eight months on the shelf after knee surgery put a severe dent in his prize money, and... more
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Brookville, Long Island is home to business tycoons, Wall Streeters, and people like Jennifer Lopez and Marc Anthony. So, it comes as no surprise that Business Week magazine has named it the richest place in the nation.Brookville, Long Island is home to business tycoons, Wall Streeters, and people like... more
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WASHINGTON (AP) -- Paris Hilton's mother doesn't share John McCain's sense of humor.
McCain, the Republican presidential candidate, said last week that his campaign ad mocking Democrat Barack Obama with images of Hilton and singer Britney Spears was part of an attempt to inject humor into the presidential race.
On Sunday, Hilton's mother, Kathy Hilton, a McCain donor, registered her disapproval.
"It is a complete waste of the country's time and attention at the very moment when millions of people are losing their homes and their jobs," Kathy Hilton said in a short article posted on the liberal Huffington Post Web site. "And it is a completely frivolous way to choose the next president of the United States."
The ad plays on Obama's popularity by dismissing him as a mere celebrity, like Hilton and Spears. The Obama campaign has said the ad is proof that McCain would rather launch negative attacks than debate important issues.
McCain on Friday denied that his campaign had taken a negative turn, saying, "We think it's got a lot of humor in it, we're having fun and enjoying it."
Kathy Hilton, however, was unpersuaded, calling the ad "a complete waste of the money John McCain's contributors have donated to his campaign."
Kathy Hilton and her husband donated a total of $4,600 to McCain's campaign earlier this year. The maximum amount an individual can donate to a campaign.WASHINGTON (AP) -- Paris Hilton's mother doesn't share John McCain's... more
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ivxx
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3 years ago
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10. Willow Glen, San Jose, California 95125
9. Rose City Park, Portland, Oregon 97213
8. Highland Park, Dallas, Texas 75209
7. Coronado, Phoenix, Arizona 85006
6. Outer Sunset, San Francisco, California 94122
5. Missions Hills, San Diego, California 92103
4. West Hollywood, Los Angeles, California 90038
3. Downtown Seattle, Washington 98104
2. Chinatown, Boston, Massachusetts 02111
1. TriBeCa, New York City, New York 1001310. Willow Glen, San Jose, California 95125
9. Rose City Park, Portland, Oregon... more
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ivxx
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3 years ago
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Who's paying the price for America's growing income gap? In the United States it is the richest among us who are most assuredly and solely benefiting, while the U.S. economy consistently fails over 30-million hard-working Americans primarily with substandard wages.
The U.S. government rigs the tax codes and contorts the laws specifically to over-burden the working classes while making the wealthiest in the United States more and more wealthy. The top one percent garners about 80% of all income gains. It is an extremely "lop-sided" system designed by the rich of this nation to benefit primarily the wealthiest top one-percent of our nation--particularly the top one-tenth of those wealthiest "one-percenters."
The working classes are simply and efficiently over-taxed to sure economic death working as much as 6 months out the year to pay "their" taxes, while the rich pay (as a percentage) MUCH less than their fair share. Is it fair that the wage earners are held to report literally ALL their income while the rich are exempted? Is it fair that American "corporations" (which the rich control with iron-clad fists) are shipping jobs, assets and intellectual property off-shore just as fast as they can?
The insolence and audacity of the rich to frame their own ideas exclusively in terms of purely "raw commercial value," serves as the primary excuse avoiding very real and generations-neglected social obligations and responsibilities to this nation--namely "to make society a more valuable place, to create involved participants...to form a more perfect union, to promote justice, to provide the common defense, to provide domestic tranquility, to provide for the COMMON wealth (the general welfare)--those are the reasons we created this country, and those should be the focus of our policies...but if our policies are merely pecuniary...then we're going to go down the wrong path." [quoting David K. Johnston, New York Times]
A devastating cast-like system is materializing in the United States at the behest of the rich who would have us remain ignorant or intentionally misled and deluded from the startling reality that is befalling hard-working Americans today... Who's paying the price for America's growing income gap? In the United... more
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echoz
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3 years ago
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Mukesh Ambani, head of petrochemical giant Reliance Industries, has commissioned architecture firms Perkins & Will and Hirsch Bedner Associates to build a 27-story mansion that include helipads, parking lots, guest apartments, a cinema, a ballroom, numerous powder rooms, gardens, a gym, and of course the Ambani residence in downtown Mumbai.
Nearly costing $2 billion dollars, the Ambani residence, called an Antilla, is based on the Indian tradition of Vaastu, a tradition much like Feng Shui. At the request of Ambani's wife, no two floors are alike in either plans or materials. Designers had to work with different materials and plan for consistency without repetition.
The Ambanis currently reside in their 22-story Mumbai tower and will be moving into their custom home as soon as it is finished in January. Mukesh Ambani, head of petrochemical giant Reliance Industries, has commissioned... more
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DUH! "This is Forbes' third go-round this year at putting Winfrey at the top of some list or other. The talk-show titan took the top spot on Forbes.com's list of "The 20 Richest Women in Entertainment" in January; six months later, she topped the magazine's annual "Celebrity 100 Power List" for the second time.Winfrey, 53, now leads Forbes.com's list of the 20 richest celebs on television. It's one of many new celebrity lists being issued by the Web site, which appears to have figured out that ranking boldfaced names is a good way to get some attention." Oprah Winfrey please adopt me! I'm much better than those puppies of yours. DUH! "This is Forbes' third go-round this year at putting Winfrey at the... more
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