When it comes to materialism, has any nation ever surpassed what we are seeing in the United States right now? We define our lives by how much stuff we have, to a large degree our personal and business relationships are defined by how much money we make, and even most of the important dates on our calendar are all about materialism. Just think about it. We throw outrageous birthday [...]
It’s summer in the Mediterranean. Sunseeking holidaymakers lounge on sandy beaches, glittering yachts glide into and out of quaint old harbors and packed cruise ships hop between idyllic islands.
But it’s no holiday further out at sea, where migrants float crammed together in rickety boats or cling to sinking rafts, some choking on their final breaths as they and their dreams of finding a better life in Europe perish under the [...]
In response to Jesses’ Cafe call to action above……
I wrote to my state and federal attorney generals” offices (yes I can be grandiose to think they would listen but I had to do something)
“Dear Sir or Madam:
I am a US citizen and registered voter with a bank account like many others. I have been living with ZIRP and saving responsibly while making no interest.
I am upset to see how the [...]
HONG KONG (AP) — Over the past two years Wang Wei and her husband Liu Yiqian dropped a reported $317 million on their hobby. Now they need somewhere to display the collection they’ve amassed. The solution: a private art museum that Wang hopes will impart some class to China’s flashy nouveau riche.
Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing [...]
January 14, 2012
Secrets of a Sales Machine
By GRETCHEN MORGENSON
BACK in 1940, a popular book about Wall Street asked, “Where are the customers’ yachts?” Investment firms, it lamented, always seemed to win, even when their customers lost.
True then and, all too often, true now — with rare exceptions. One of them was the case of Gerald D. Hosier and Jerry Murdock Jr., who invested millions with Citigroup, lost big — and [...]
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 [...]