A graph from Credit Suisse/Forbes reveals that 0.7% of people on the planet own 46% of the world's wealth. That tiny percentage controls $128.7 trillion and they've done a good job convincing the 70% who own less than $10,000 that rich people deserve tax cuts.
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6:45 am Fri
Jan 4, 2019
Less than 1% of the world's population owns almost 50% of the world's wealth
The super-rich are hedging their bets by getting multiple passports
When things start getting crazy globally, rich people start looking for backup plans. Bloomberg looks at the uptick in people with enough wealth to secure a second passport, or even multiple passports.
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Latest Federal Reserve figures show widening wealth inequality, and it's much worse if you're not white
The Federal Reserve’s just-published 2016 Survey of Consumer Finances reveals that income inequality is rising in the USA, with the top decile now controlling 77.1% of the nation’s wealth; wealth that is increasingly retained through intergenerational bonds, meaning that wealth is apportioned by accident of birth rather than merit; and (unsurprisingly, given the foregoing), the […]
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7 years later, Sun Microsystems cofounder Vinod Khosla loses bid to privatize public beach
For 5 years, we’ve been tracking the tribulations of billionaire Silicon Valley VC Vinod Khosla, a co-founder of Sun Microsystems who, in 2010, bought land adjacent to a public beach in Half-Moon Bay, south of San Francisco, and then fenced off the beach and hired private security guards to chase swimmers and sunbathers off the […]
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Earn certifications in machine learning and data science
Big companies want automation on a big scale. Doing that means diving into the tricky world of machine learning and data science. And no matter what platform you’ll be implementing it on, you can learn how with the Machine Learning & Data Science Certification Training Bundle. In 48 hours and through eight courses, this bundle […]
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Get certified in Cisco network security with this course
Big systems need tight security – and the experts who can implement it. Cisco Networking Systems are the go-to providers for network infrastructure, but maintaining it takes a lot of up-to-date knowledge. If you want that knowledge right from the source, there’s an online course that can get you certified painlessly: The Foundational Cisco CCNA […]
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Improve your PC's performance with this top-rated software
Computer slowing down? There are a ton of reasons why that might be, especially if your unit has a few years on it. Junk files and programs can accumulate over time, some even left over from otherwise uninstalled software. This virtual debris can slow your PC down dramatically, but there’s a surprisingly quick fix. Lauded […]
