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Indian Parents Spend It Like Beckham
Indian Parents Spend It Like Beckham
Jul 31, 2007 11:20 AM CDT

Indian Parents Spend It Like Beckham

Birthday parties rival weddings as Indian wealth soars

(Newser) - As the Indian economy skyrockets to new levels, so do the price tags of kids' birthday parties, the Washington Post reports. The celebrations are providing a golden opportunity for parents to showcase their little darlings—and their new prosperity. Some predict the birthday hoopla—complete with party planners, catered halls,...

Exploring the Two Sides of India
Exploring the Two Sides
of India
Jul 28, 2007 7:45 AM CDT

Exploring the Two Sides of India

A trip home reveals a society of extreme wealth and extreme poverty

(Newser) - The Delhi area is a microcosm of India, torn between urban sprawl and utter poverty. Endless construction, skyscrapers, highways, condos, and shopping malls share the city with naked children rummaging through garbage for food. Pasha Malla of the Morning News returns to his ancestral home on a mission to visit...

Billionaires Flee Putin's Russia
Billionaires Flee Putin's Russia
Jul 2, 2007 4:08 PM CDT

Billionaires Flee Putin's Russia

For mainly Jewish oligarchs, wealth and power has given way to prison and exile

(Newser) - A cadre of 50 or so Russian businessmen struck it rich when the USSR's state-owned industries went up for grabs. But most of these billionaire oligarchs are now in prison or have fled, hounded and hectored by the KGB-style tactics of president Putin. The Guardian profiles 7 deposed plutocrats, who've...

Top Executive Salaries Soar
Top Executive Salaries Soar
May 25, 2007 8:00 AM CDT

Top Executive Salaries Soar

Gap between the CEO and the cubicle is wider than ever

(Newser) - The top bananas of the corporate world are taking in more income in relation to their immediate subordinates than ever before, the Times reports. Wealth is concentrating among the business elite but staying somewhat stagnant among more middling execs—the average gap between #1 and #3 has more than tripled...

The Rich Get Dumber
The Rich Get Dumber
Apr 4, 2007 12:24 PM CDT

The Rich Get Dumber

(Newser) - The more powerful you become, the more oblivious you get, Richard Conniff argues in today's Times, as he takes a gander at explaining a recent spate of high-profile celebrity mishaps ($1.5 million totalled Ferrari, anyone?). Connif points to research at Berkeley that suggests power brings "disinhibition"—more...

Billionaire's Club Welcomes New Members

The Forbes rich list is bigger—and even wealthier—than ever

(Newser) - The rich are getting richer, younger, and more geographically diverse, Forbes reports, with the number of billionaires up a whopping 19 percent, and their total worth up 35 percent to $3.5 trillion. Not only have billionaires been galloping away from the pack, they've been doing it earlier, bringing the...

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