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Forget the one percent, it's the 0.1% who run the show
The wealthiest one out of 1,000 US families -- the 0.1 percent -- comprise about 115,000 households whose net worth starts at $20M, and goes up and up from there, accounting for at least as much...
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Burning Man for rich spectators
Further Future is a desert festival created by wealthy Burning Man attendees who want to get rid of the festival's DIY/participatory ethic and replace it with a pampered weekend where poor people wait...
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Amid education funding emergency, Washington State gives Boeing, Microsoft...
Jeff writes, "Combined, Washington State is providing Microsoft and Boeing $1 billion annually in tax breaks. Cumulatively, Microsoft's state tax has saved its shareholders $8.6 billion in costs....
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Billionaire Paypal co-founder Peter Thiel will be a California Trump delegate
The Facebook board member will be a Trump delegate to this summer's Republican National Convention, representing California's 12th district. (more…)
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NZ Prime Minister John Key ejected from Parliament over Panama Papers rant
https://www.youtube.com/watch?v=Px-ATxSHGU4 John Key, the Prime Minister of New Zealand, was ejected from the country's parliamentary debating chamber yesterday when he repeated ignored the Speaker of...
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Chelsea Clinton's husband shuts down vulture fund after losing 90% of his...
Chelsea Clinton's husband Marc Mezvinsky is a Goldman Sachs alumnus; in 2014, he founded Hellenic Opportunity, a hedge fund that raised $25M to bet on distressed assets from Greece's collapsed...
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Gallery show of forks stolen from rich people, sealed to preserve crumbs &...
Australian artist Van Thanh Rudd, nephew of former Prime Minister Kevin Rudd, spent 15 years stealing forks that had been used by the rich and powerful, vacuum sealing them to preserve leftover...
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Behavioral economist on why Americans freak out when you attribute their...
Cornell economist Robert Frank drew the ire of the nation's business press when he published an article that said something most economists would agree with: hard work and skill aren't enough (or even...
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Banker implicated in one of history's biggest frauds says boss beat him with...
Jonathan Mathew is one of the bankers at Barclays who participated in the Libor rigging fraud, which cost people all over the world trillions of dollars in higher payments on mortgages, government...
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Plagiarism detection app vs Russia's elites: 1-2 fake PhDs discovered every day
Dissernet, a leaderless collective of Russian scientists and journalists scrapes the doctoral dissertations of Russian elites -- who have been attaining advanced degrees at an unprecedented rate --...
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If Donald Trump ever talks to a real journalist, these are the questions he...
The questions posed by David Cay Johnston include some tough-to-avoid queries about Trump's involvement with the mafia, the regulatory findings against his company for unfair and unsafe employment...
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Revealed: the amazing cover for Walkaway, my first adult novel since 2009
Next April, Tor Books will publish Walkaway, the first novel I've written specifically for adults since 2009; it's scheduled to be their lead title for the season and they've hired the brilliant...
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How a pharma company made billions off mass murder by faking the science on...
When Purdue Pharma's patent on the MS Contin was close to expiry, the Sackler family who owned the company spent millions trying to find a product that could replace the profits they'd lose from...
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Wealthy families are most responsible for American wealth segregation
Inequality in Children’s Contexts, USC Sociologist Ann Owens's paper in American Sociological Review (Scihub mirror), investigates the factors that contribute most to the unequal lives of wealthy and...
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Rich people don't move when their taxes go up
In Millionaire Migration and the Taxation of the Elite: Evidence from Administrative Data, Stanford sociologist Cristobal Young builds on his substantial research on "millionaire migration," to show...
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The last time there were this many unsold $100M+ homes on the market, the...
Depending on how much credence you give to "whisper listings," there are between 27 and 50 $100,000,000+ houses on the market; last year, only two houses in that bracket sold worldwide. (more…)
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College of Arms issues rules for managing coats of arms in same-sex marriages
If you believe that God has imbued your blood with special zoomph, thus ennobling you, and you marry someone of the same sex, the College of Arms has you covered! (more…)
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London luxury property prices plummet after Brexit vote
A Russian home-buyer pulled out of a "agreed offer" of £6.95m for a six bedroom Kensington flat, now it's listed for £6.75m; a three-bedroom in Swiss Cottage is down to £1.05m from £1.5m; a...
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14% of Americans -- 48 million people -- are "food insecure," and it's about...
People are "food insecure" if they lack access to "enough food for an active, healthy life." There are 48 million Americans who live in food insecurity, thanks to a combination of nearly all the...
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Highest-paid CEOs generate lowest shareholder returns
In Are CEOs paid for performance? Evaluating the Effectiveness of Equity Incentives, a new study from MSCI, researchers compared the salaries of 800 US CEOs of large and medium-sized companies to the...
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