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Jamie Johnson: Unappreciative of Self-Made Wealth?

» by webmaster February 25th, 2008 at 1:27 pm » Comments (0)

Jamie Johnson in New York (Credit: Thaddeus Harden)

My article on Saturday about Jamie Johnson and his new documentary, “The One Percent” generated loads of email from readers, and I wanted share some of the best.
Basically, the readers fell into two groups: those who praised Mr. Johnson for his courage in documenting wealth and inequality […]



Euro Tax Haven Faces Crackdown

» by webmaster February 19th, 2008 at 7:25 pm » Comments (0)

There’s a juicy little scandal unfolding in in Liechtenstein — whose national slogan might as well be “Why Pay Taxes?”
According to several articles today, including this one in the Journal, a former employee of a Liechtenstein bank (apparently the nation’s largest bank, LGT) stole loads of data about wealthy clients who are using the country […]



Invasion of the Rich Russians

» by webmaster February 8th, 2008 at 8:31 pm » Comments (0)

Remember the 1980s when the Japanese seemed to be buying up all the real estate in New York and California? Or the 1970s when the Saudis seemed to be buying up all the Rolls Royces and gold faucets in the world?
These days, it seems like the Russians are emerging as the new kings of conspicuous […]



Rich to Retailers: ‘I’m Not in the Mood’

» by webmaster February 4th, 2008 at 6:42 pm » Comments (0)

A friend of mine went to the Naples wine auction last week. Yet before the bidding started, he had the sudden urge to leave.
“It just felt wrong,” he said. “With the economy the way it is, and lots of people hurting, I wasn’t comfortable with people spending $5,000 for a bottle of wine and then […]



Who Got Rich Today: Yang and Filo

» by webmaster February 1st, 2008 at 3:44 pm » Comments (0)

Microsoft has created a legendary number of millionaires and billionaires. Today, they potentially improved the fortunes of two more: Jerry Yang and David Filo.

Jerry Yang (Yahoo)

If Microsoft’s $44.6 billion offer for Yahoo results in a deal, Messrs. Filo and Yang — Yahoo’s co-founders and biggest inside shareholders — will see their wealth jump by more […]