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Thursday, November 21, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: wealth

UPDATED: Wed., Nov. 13, 2019

Robert B. Reich: Billionaires benefit from of anti-capitalist advantages

There are basically only five ways to accumulate a billion dollars, and none of them have to do with being successful in free-market capitalism.

FBI accuses wealthy parents, including celebrities, in college-entrance bribery scheme

The Justice Department on Tuesday charged more than 30 people – including two television stars – with being part of a long-running scheme to bribe and cheat to get their …

UPDATED: Sun., Dec. 2, 2018

Bezos’ preschools come as rich get richer, more generous

From Jeff Bezos’ free preschools to Andrew Carnegie’s public libraries, education stands out as a favorite cause among America’s wealthiest people.

Robert J. Samuelson: The expanding millionaire class

Call them the new millionaires. Once upon a time – certainly within living memory – becoming a millionaire was a big deal. It was a badge of economic distinction, enjoyed …

Surging stocks lift U.S. wealth, yet most still trail ’07 peak

Surging stock prices and steady increases in home values powered American household wealth to $96.9 trillion this fall, though the gains aren’t widely shared.

UPDATED: Wed., Sept. 27, 2017

U.S. middle class gets richer, but wealthy do even better

Most American families grew richer between 2013 and 2016, but the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income.

US household wealth ticks up 1.4 percent to $94.8 trillion

Buoyed by higher stock prices, Americans’ household net worth rose 1.4 percent to $94.8 trillion in the first three months of this year, a trend that could support future spending.

Democrats try again to raise taxes on wealthiest Montanans

Democrats are trying for a third time this legislative session to raise taxes on the wealthiest Montanans.

Many of the world’s billionaires are getting older – and plotting what’s next

Lorenzo Servitje Sendra was the oldest person on the Bloomberg Billionaires Index when he died last month with a $4.2 billion fortune. Thinking ahead, the Mexican billionaire had already transferred …

UPDATED: Wed., Feb. 22, 2017

The CEOs of Goldman Sachs, JPMorgan are worth $261 million more since the election

CEOs at the country’s largest publicly traded companies may not have been big supporters of Donald Trump during his campaign. But in the three months since the election, many are …

Who are the 8 richest people? All men, mostly Americans

The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with …

As populists won 2016 ballots, world’s richest made $237 billion

In a year when populist voters reshaped power and politics across Europe and the U.S., the world’s wealthiest people are ending 2016 with $237 billion more than they had at …

American Dream? Odds plunge that children will earn more than their parents

Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to groundbreaking new research from a superstar team of economists …

U.S. home price gains lift household wealth to $90.2 trillion

A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans.

A record number of U.S. billionaires are immigrants

Forbes Magazine on Tuesday released its annual list of the 400 richest Americans, a record 42 of whom are immigrants from 21 countries.

Carolyn Hax: Daughter, 6, noticing others’ wealth

Dear Carolyn: My daughter, 6, has just begun noticing that many of her friends have much nicer homes than we do. For a variety of reasons, my husband and I …

Robert Samuelson: U.S. slower-growing, but not poor

We feel poor not because we are poor but because our stunted economic growth cannot satisfy all our demands.

Wealth Gap: A guide to what it is, why it matters

WASHINGTON — From the White House to the Vatican to the business elite in Davos, Switzerland, one issue keeps seizing the agenda: the growing gap between the very wealthy and …

Rising riches: 1 in 5 in US reaches affluence

It’s not just the wealthiest 1 percent. Fully 20 percent of U.S. adults become rich for parts of their lives, wielding outsize influence on America’s economy and politics. This little-known …

Report: Fannie, Freddie managers earned $200K

WASHINGTON — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.

Protesters ordered to be less ‘permanent’

Occupy Spokane, the 2-day-old action in solidarity with the 2-week-old Occupy Wall Street protest against economic injustice, was visited Friday morning by police enforcing a city ordinance. About a dozen …

Caldwell: Wizard of wealth passes it on in new book

Glenn Petry estimates he taught finance to 15,000 Washington State University students. Now, he wants to teach you. The retired but apparently untiring professor has written his first book, “The …

Wealthy turn stealthy as economy weakens

BEVERLY HILLS, Calif. – Throwing your money around is so pre-recession. As the economy weakens, the wealthy and the businesses that cater to them say it’s more common – even …

Preisential Plunder The President Used Zaire As His Personal Piggy Bank, According To Some, With 11 Palaces In That Poor Country Alone.

Mobutu Sese Seko may have given up his powers, but during three decades the dictator who promised his impoverished African land that he would live on his soldier’s pay salted …

Forbes List Of Billionaires Rises By Third

From the average Joe to the most bloated fat cat, Americans have more money. But the richest are a lot richer and their ranks have swelled by nearly a third. …

Perot’s Overseas Investments Belie Rhetoric Of Lost Dollars Foreign Government Bonds Held By Candidate Top $450 Million

In between runs for the presidency, Ross Perot spent the last four years railing against the “giant sucking sound” of U.S. jobs and U.S. dollars going overseas. But at the …

Candidate’s Assets At Least $4.2 Million Minnick To Spend $500,000 Of Own Funds To Unseat Larry Craig

When Democratic senatorial candidate Walt Minnick said he would spend $500,000 of his own money, the Boise businessman was pledging as much as 12 percent of his net worth to …

Beatles In The Money Again, Forbes Says Band Earned Third Most Money, Behind Steven Spielberg, Oprah

The Beatles are back on top … almost. They haven’t cut a new record in 25 years and lost band member John Lennon to an assassin in 1980, but the …

Soccer Magnate Richest Of Rich In Sports

John Kluge, one of the investors in the proposed Major League Soccer, at $5.9 billion is the wealthiest person is sports, according to the July 17 “Forbes.’ Microsoft co-founder Paul …

Tyson In The House

Mike Tyson signed the final papers on a $3.7 million, 11,000-square-foot home just down the street from Wayne Newton’s ranch, a source reported. The realtor handling the deal, Phyllis Schwartz, …