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Australian Greg Coffey owns sprawling estate in Scotland and mansions across world Dubbed ‘the Wizard of Oz’, he announced resignation to investors after 20 years in the industry At the age of 41, he is one of the UK’s biggest hedge fund stars, having amassed a fortune of $700million. But with mansion properties spanning the globe and a family to look after, he has decided to take early retirement. Top City trader Greg [...] 1,380 Britons got more than £30,000 last year 360 received more than £40,000 and a further 110 were given over £50,000 Shocked: Tory Priti Patel uncovered the figures and said it is an insult to taxpayers that people get these huge sums From Gresham’s Law: Sometimes it seems like the investment community operates on the assumption that the world started in 1929 – or at least that the financial booms, busts, and speculators preceding the 1920s are irrelevant to the modern investor. We think this is misguided. Just consider that this common worldview ignores an age where speculators lived in sprawling mansions on Fifth Avenue (as opposed to apartments in the same place measuring [...] Delicious dinners and beautiful sunsets fill most Instagram streams. For the wealthiest participants of the Instagram universe- or, more accurately, the children of the wealthiest people in the financial universe- the photo-sharing app is a way to put their luxurious lifestyles on display. A new Tumblr culled the best of the best, labelling it simply ‘Rich Kids of Instagram’ and letting the pictures speak for themselves.
No need for extra filters on these [...] “Private jets, 13 mansions and a $100,000 mobile home just for the dogs: Televangelists ‘defrauded tens of million of dollars from Christian network’” By Nina Golgowski, The Daily Mail “Two former employees of the world’s largest Christian television channel Trinity Broadcasting Network are accusing the non-profit of spending $50 million of its funding on extravagant personal expenses. Among purchases, the network founded by Televangelists Paul and Jan Crouch, is accused of [...] What is it? Is it something in the water of Downing Street? Some as-yet-unnamed version of Stockholm Syndrome where the victims fall in love with their captors? Or is hypocrisy in fact a contagious disease, something passed on by one government to the next along with the grace-and-favour mansions and the limousines? I don’t know. But I do know that behind the bland official announcements and yawn-inducing data about pension deficits [...] I took a seat in the Compton kitchen at Saturday’s Kitchen Table Summit in the gym at Inglewood High among more than 1,000 people who had been ferried in, fed and readied for protest by a union-backed advocacy group called Good Jobs LA. The Good Jobs LA organizer at our table explained the problem this way: “Rich people are buying their yachts and mansions and all this other [...] The U.S. forces who killed Osama bin Laden didn’t know for sure he was in a fortified villa near Islamabad until they swooped in and came face to face with the world’s most wanted terrorist. While U.S. intelligence officers had concluded there was a “strong probability” bin Laden was living in the compound near the Pakistani capital Islamabad, all they could be positive about was that it was a high-value individual, [...] By WALTER WILLIAMS I’ve often said that I wish there were some humane way to get rid of the rich. If you asked why, I’d answer that getting rid of the rich would save us from distraction by leftist hustlers promoting the politics of envy. Not having the rich to fret over might enable us to better focus our energies on what’s in the best [...] PARIS (AP) — The French government says it’s selling off 1,700 properties including chateaux, barracks and Parisian mansions, in part to cut the country’s heavy debt. The announcement Wednesday was the first time the government laid out such ambitious sell-off plans. http://www.nytimes.com/aponline/2010/06/09/world/AP-EU-France-Selling-the-State.html |
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