Category finance
World’s 400 Richest Add $92 Billion in 2014 as Alibaba Jumps
The richest people on Earth got richer in 2014, adding $92 billion to their collective fortune in the face of falling energy prices and geopolitical turmoil incited by Russian President Vladimir Putin. Read more FULL REPORT
What’s on Nouriel’s Mind: The Deteriorating Economic Outlook
The underlying picture of economic weakness that has not only worsened but has spread to the core economies raises the question of how Europe can possibly grow its way out of the debt crisis.. roubini.com
Fiscal Cliff Talks Heat Up This Week
Economists have issued dire warnings about a possible recession and a new slump for the jobs market if the cliff isn’t averted before the January 1 deadline. FULL STORY
The $1.6 Billion Woman, Staying on Message
Facebook’s No. 2 executive, Sheryl Sandberg, will reap a fortune in its stock offering. And she hasn’t stopped telling the world how women should take responsibility for their careers… Source: http://www.nytimes.com
JPMorgan Plans to Unveil a Program for Job Skills
When Mayor Rahm Emanuel of Chicago received a call earlier this year asking if he would support a new jobs initiative from JPMorgan Chase, he replied with his typical bluntness. FULL ARTICLE
The Jewish Billionaires of Forbes
Twenty-five years ago, Forbes began to pursue the world’s billionaires. The magazine’s annual list netted a record 1,226 billionaires this year, worth a total of $4.6 trillion. Because Bubbe has been ragging you to marry up, Jspace has profiled the 17 Jews of Forbes’ list worth more than $10 billion. Source: http://www.forbes.com Larry Ellison: Net […]
Bank Of America Still World’s Biggest Wealth Manager
According to a report out today ranking the world’s 20 biggest wealth managers. BofA took the top spot with $1.944 trillion in assets in private banking followed by Morgan Stanley with $1.628 trillion and UBS AG with $1.559 trillion. The increase in AUM for the private banking industry was helped primarily by market gains which […]
The U.S. Recovery Has Been Spectacular*
We need a real recovery. That’s what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It’s not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just […]
Billionaire Trust Fund 