“The World is Better than Ever”
That small elite has received 95% of wealth created since 2009, after the financial crisis, while the bottom 90% of Americans have become poorer, Oxfam said. Last year, for example, the United Nations announced that the global rate of extreme poverty, defined as less than $1.25 per person per day, has been cut in half since 1990, far faster than expected Polling has found that most voters think foreign aid accounts for anywhere from 10% to half of the federal budget; the actual figure is about 1%. “My Philanthropic Pledge”
As for me, I always had the idea that philanthropy was important today, but would be equally important in one year, ten years, 20 years, and the future generally. The daughter's foundation, which today has $118 million in assets Once called simply the Buffett Foundation and renamed in 2004 for Buffett's wife, who died that year, this foundation has $270 million in assets. The Money Class
“Real estate values have deflated to such an extent that a record number of people owe more than their homes are worth. That’s not the American Dream – it’s a nightmare” “Because of the economic conditions of recent years, many parents are unable to afford the high cost of college tuition for their children” “New American dream that is based on honesty, authenticity, good intentions, and genuine need.” “How to Restore the American Dream”
Hyperinflation racked most third-world countries; coups and martial law were familiar occurrences, even affecting staunchly democratic India, where emergency rule was enforced from 1975 to 1977. Welch gave as an example a company owned by the private-equity firm with which he is affiliated. In 2007 the business had 26,000 employees and generated $12 billion in revenue. It will return to those revenue numbers by 2013 but with only 14,000 employees. "Companies have learned to do more with less," Welch said. The companies on the S&P 500 generate 46% of their profits outside...
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