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WSJ Defends Billionaire&#39;s Holocaust Comparison
WSJ Defends Billionaire's Holocaust Comparison
OPINION
Jan 30, 2014 12:51 PM CST

WSJ Defends Billionaire's Holocaust Comparison

Backlash just proves Tom Perkins' point: editorial

(Newser) - When billionaire Tom Perkins compared the plight of the 1% today to the plight of the Jews during the Holocaust, pretty much everyone seemed to disagree with him . But now the Wall Street Journal (home to Perkins' letter to the editor) jumps to Perkins' defense with an editorial claiming that...

Rich and Poor Have Different Toxins in Bodies
 Rich and Poor 
 Have Different 
 Toxins in Bodies 
in case you missed it
Aug 10, 2013 7:00 PM CDT

Rich and Poor Have Different Toxins in Bodies

It's sushi and sunscreen vs. cigarettes

(Newser) - It might be the weirdest indicator of wealth, or lack thereof, yet: Generally speaking, rich people and poor people have different toxins in their bodies, according to a new study spotted by Quartz . For example, rich people tend to have greater levels of things such as mercury and arsenic, probably...

72% of Millionaires Don&#39;t Think They&#39;re Rich
 72% of Millionaires 
 Don't Think They're Rich
STUDY SAYS
Jul 29, 2013 7:12 AM CDT

72% of Millionaires Don't Think They're Rich

To those with millions to invest, wealth means financial freedom

(Newser) - Having millions of dollars to invest doesn't make you rich, at least according to those who have those millions. A study by investment firm UBS has found just 28% of people with between $1 million and $5 million in investable assets consider themselves wealthy, ABC News reports. While your...

The 12 Things Nearly All Americans Agree On
The 12 Things Nearly All Americans Agree On
surveys say
May 13, 2013 11:47 AM CDT

The 12 Things Nearly All Americans Agree On

Surveys show most of us believe in God, are OK with birth control

(Newser) - What can nine out of 10 Americans agree on? Survey says: not much. That's partly because the big polls such as Pew, Gallup, and the General Social Survey are designed to explore differences, not to document what unites the United States. Still, a few questions discover 90% agreement, or...

Santa Accosts 'Naughty' Paul Ryan

Kris Kringle wants tax cuts for middle class only

(Newser) - Santa Claus is, according to voters, a Democrat —so is it any surprise Paul Ryan is on his naughty list? "Santa," aka an activist from TheAction.org, ambushed Paul Ryan on the Capitol Hill steps recently to let him know that if he doesn't support an...

Odds of Getting CPR Lower in Poor Areas
 Odds of Getting 
 CPR Lower in 
 Poor Areas 
study says
Oct 25, 2012 9:13 AM CDT

Odds of Getting CPR Lower in Poor Areas

Blacks and Latinos less likely to get help anywhere: study

(Newser) - Sudden cardiac arrest is America's top killer—but in the few minutes after it occurs, CPR can save a life. But cardiac arrest victims in lower-income, largely black neighborhoods are just half as likely to receive CPR as those in wealthier, white neighborhoods, a study finds. Those who suffer...

In China, Billionaires Fall on Hard Times

Number of billionaires drops for first time in 7 years

(Newser) - Chinese wealth is suffering, according to an annual report that tracks it. The Hurun Rich List finds that, for the first time in seven years, the number of billionaires (in US dollars) in the country has fallen; it's now down by 20 people from last year, to a total...

World's Richest Woman's New Idea: Wages of $2 a Day

Gina Rinehart, gaffe magnet?

(Newser) - Gina Rinehart, that charming Australian billionaire who last week advised the world's "jealous" poor to stop whining and drinking so much, is back with more priceless advice. The world's richest woman, who amassed her family fortune via iron-ore mining, thinks Australia's struggling mining industry should look...

World&#39;s Richest Woman Tells &#39;Jealous&#39; Poor to Drink Less
World's Richest Woman to
'Jealous' Poor: Drink Less
IN CASE YOU MISSED IT
Sep 2, 2012 8:49 AM CDT

World's Richest Woman to 'Jealous' Poor: Drink Less

And stop complaining, says Gina Rinehart

(Newser) - Australia's Gina Rinehart may be the world's wealthiest woman, but she's almost certainly not winning any votes for most beloved. The mining tycoon tackled the subject of those who are "jealous" of the rich in a magazine column, and offered them some advice: "Spend less...

France's 75% Tax Could Push Rich Into Mass Exodus

Rich thinking of leaving if 75% tax rate is passed

(Newser) - France's new Socialist president wants to tax any income above €1 million ($1.24 million) per year at 75%—but if the plan is passed, France could see a mass exodus of its wealthiest residents. Rich residents are calling lawyers, asking if they should consider leaving the country...

Tech's Richest Hate Showing Off Wealth

From Facebook to Google, Silicon Valley frowns on flashy spending

(Newser) - Facebook's staff may be full of zillionaires, but don't expect Ferraris in the parking lot. Silicon Valley, where almost 14% of homes earn more than $200,000 per year, is deeply opposed to conspicuous consumption—hence Mark Zuckerberg's iconic hoodies and Facebook COO Sheryl Sandberg's underground...

What Hotels Give You for $1,000 a Night

Big room, brilliant view, fawning staff ... you name it

(Newser) - What's $1,000 a night, when you can keep out the riff-raff, eat high on the hog, and get tickets to American Idol? That's the thinking these days at smaller chi chi hotels, where ultra-luxurious grand-a-night rooms are becoming more common, the Wall Street Journal reports. So just...

Stephen King: Raise My F***ing Taxes Already

The rich aren't going to pay up just to be nice

(Newser) - Stephen King is following Warren Buffett's lead with an op-ed begging to be taxed more—though King drops in a few more F-bombs in his very salty appeal. In "Tax Me, for F***'s Sake," the wealthy author offers his views on his fellow one-percenters: "The...

Richest Counties in US
 Richest Counties in US 
Apr 29, 2012 5:15 PM CDT

Richest Counties in US

Suburbs of Washington, DC, lead the way

(Newser) - Forbes rounds up the richest counties in the US, with the DC suburbs in northern Virginia again dominating. The top five:
  1. Loudoun County, Virginia: $115,574 median household income
  2. Falls Church City, Virginia: $114,409
  3. Fairfax County, Virginia: $105,416
  4. Los Alamos County, New Mexico: $103,643
  5. Howard County,
...

What It's Like to Be a Billionaire —for a Day

New York Times reporter Kevin Roose conducts lifestyle experiment

(Newser) - Driving in a Rolls Royce, getting a bodyguard, flying on a private plane: These aren't normally things that New York Times financial reporter Kevin Roose gets to do. But as a guy who writes about billionaires, he wanted a chance to live like one for 24 hours, he explains...

Super-Nannies: Worth the Super Price Tag?


 Super-Nannies: 
 Worth the Super 
 Price Tag? 
Like $180K a year
Mar 24, 2012 4:06 PM CDT

Super-Nannies: Worth the Super Price Tag?

Adam Davidson probes elite world of New York nannies

(Newser) - Want an elite New York nanny? Adam Davidson considered hiring one until he saw the price tag: $180,000 a year plus Christmas bonus and a $3,000 apartment on Central Park West. "I should be her nanny," quips Davidson in the New York Times . So he probed...

Brazil's Wealthy Build Homes in Nature Preserves

Millionaire squatters dodge the law, trample on pristine land

(Newser) - Millionaire squatters? They're not so unusual in Brazil, where more and more of them are claiming land in nature preserves and building spectacular, secluded homes that are perfectly illegal, Bloomberg reports. The owners protect themselves by registering the property in the name of a holding company, and, when the...

Millionaire Hospitalized After Schlocky Spending Spree

Ed Bazinet blew about $60M on tchotchkes at two trade shows

(Newser) - A wealthy Manhattan businessman was hospitalized in a mental institution after spending $20 million on ice-cream scoops, barbecue tools, scented sachets, and other gewgaws at the New York International Gift Fair, reports the New York Post . Ed Bazinet, who struck it rich selling ceramic figurines, went from booth to booth...

Rich, Poor Kids Face Widening Education Gap

Achievement divide soars since 1960s, studies say

(Newser) - There's a vast gap in educational success between lower-income and wealthy children, studies say—a divide that has received relatively little attention until now. In recent decades, the achievement gap between rich and poor children has grown as the gap between black and white students has shrunk, the New ...

Majors That May Get You Into the 1%

Definitely consider pre-med

(Newser) - Want your kid to make it into the 1%? Then the New York Times ' Economix blog knows which majors you might want to steer him or her toward. In an analysis of census data, it found that the majors with the best chance of making it into that coveted...

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