NEWSWORTHY
NHK docudrama reveals telephone scam tactics
Thai police last month raided a residence in Pattaya where an alleged telephone swindling operation was taking place. They discovered 15 Japanese nationals suspected of calling retired people in Japan and fooling them into purchasing electronic money. Japanese police say they will arrest the ...
Critics need to understand that very few people in need care about the color of the skin of those who are helping them or where they're from.
Admissions bribery scandal lays bare divide over class in America, and how elite reap the spoils
The families ensnared in the college bribery scandal embody wealth and privilege in America: CEOs, Hollywood stars, Wall Street millionaires. A California vineyard owner. A prominent Manhattan lawyer. If they're villains, they're villains made to order for a time preoccupied with deep divisions of class, ...
U.S. college arms race goes too far with wealthy 'gaming the system'
In the American blood sport of college admissions, the rich have long had more levers to pull. It starts as early as a private kindergarten ($20,000 to $50,000 a year depending on location), then to boarding school (another $50,000-plus) and continues with tutors, consultants, test ...
Bill Gates backs taxing capital gains as best way to tap big fortunes and get wealthy to pay more
Bill Gates is concerned about the high budget deficits being run by the U.S., and said if taxes are ultimately increased to make up the shortfall, then it's appropriate for wealthy people to pay much higher taxes. "We only collect about 20 percent of GDP ...
Soak the rich: U.S. Democratic contenders vie to be the toughest on taxing the wealthy
The last Democrat to win a U.S. presidential election, Barack Obama, ran in 2012 on a platform of raising taxes for top earners to nearly 40 percent. Now a new crop of Democratic presidential hopefuls is signaling that they want to go even further. Massachusetts ...
The world's 26 richest people now own the same wealth as the poorest half of humanity, Oxfam said Monday, warning that "out of control" inequality is stoking popular anger and threatening democracies. "We are seeing rich people running away with wealth and poor people sinking ...
Davos billionaires keep getting richer — as world's have-nots just keep getting poorer
The global elite descending on Davos are richer than ever. A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this week have bounced back, and then some. David Rubenstein has doubled his fortune since 2009. ...
The Philippines' wealthiest, man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multibillion-dollar business empire, died on Saturday, his conglomerate has announced. The 94-year-old, from the Chinese city of Xiamen, made his fortune with a Philippine shopping-center conglomerate that has ...
Asia's megarich took a $137 billion hit in the pocketbook in 2018
The world's fastest growing source of megawealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since ...
The number of superrich households in Japan has almost doubled since 2011 to a record high, thanks to rising stock prices and an economic expansion, an indication that this segment of society has benefited from Abenomics. The number of households with net financial assets of ...
Dazzled Mexicans filed into the opulent residence of their presidents on Saturday, when the new government threw open its doors in a highly symbolic moment one visitor likened to entering the Palace of Versailles in the French Revolution. Before leftist President Andres Manuel Lopez Obrador ...
