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vast majority of new wealth last year went to top 1%


world’s richest 1% own more wealth than the whole of the rest of humanity.        






wealth gap growing in america


during president donald trump’s inauguration speech in january, much of his message was focused on the economy, jobs and what he implied was a disappearing middle class. indeed, trump mentioned the word “wealth” five times. “the wealth of our middle class has been ripped from their homes and then redistributed across the entire world,” he said,…






helping the rich get richer is key to u.s. bancorp growth plan


u.s. bancorp is doubling down on its very profitable wealth management business.“the bank has a lot of touch points with clients,” said mark jordahl, president of usb wealth management. “and we have a big opportunity to scale wealth management with [18 million] clients of the bank.”usb this month, without announcement, is increasing marketing behind its wealth and securities business, including brand integration throughout its four businesses. usb wealth management also has jettisoned the sometimes confusing private client reserve name for clients with $3 million to $75 million in investable assets. now it’s just private client.usb wealth management business covers clients with investable assets of a few hundred thousand bucks to the richest, those with assets of $75 million or more. they






sofi gets into wealth management


sofi wants to be at the center of its members’ financial lives, and believes the best way to do so is to provide new products that complement its existing portfolio of student loan, mortgage and other loans. today the company is announcing the launch of sofi wealth, a product it believes will compete with wealthfront, betterment and other low-cost wealth management platforms.sofi wealth will allow members to sign up and create low-cost, tax-efficient investment portfolios. like other products on the market, sofi’s wealth management service offers individual and retirement accounts that automatically rebalance and optimize portfolios.but the company is looking to go a step further than just creating yet another roboadvisor. sofi wealth will offer access to non-commissioned, licensed financi






sofi gets into wealth management


sofi wants to be at the center of its members’ financial lives, and believes the best way to do so is to provide new products that complement its existing portfolio of student loan, mortgage and other loans. today the company is announcing the launch of sofi wealth, a product it believes will compete with wealthfront, betterment and other low-cost wealth management platforms.sofi wealth will allow members to sign up and create low-cost, tax-efficient investment portfolios. like other products on the market, sofi’s wealth management service offers individual and retirement accounts that automatically rebalance and optimize portfolios.but the company is looking to go a step further than just creating yet another roboadvisor. sofi wealth will offer access to non-commissioned, licensed financi






google, alphabet’s board opposed ‘gender pay gap’ report


as the annual stockholders’ meeting for google’s parent firm alphabet approaches, investors including a wealth-management company are asking shareholders to demand a report on a gender-pay gap the tech giant contends does not exist.the stockholder proposal seeks approval at the meeting wednesday for the creation of a report outlining “policies and goals to reduce the gender pay gap” at the mountain view tech behemoth.such a report “would include the percentage pay gap between male and female employees across race and ethnicity, including base, bonus and equity compensation, policies to address that gap, methodology used, and quantitative reduction targets,” according to the proposal, contained in a proxy statement to shareholders.while the proposal from investors eleanor shorter and cb wea






wealth creation: homeownership doesn't build wealth, study finds


households are better off taking control of their finances than relying on fluctuating home values. the homeownership rate is still hovering near its record low.        






rich list 2017: no brexit 'chilling effect' on wealth of super-rich


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






rich list 2017: no brexit 'chilling effect' on wealth of super-rich


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






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stock market’s surge lifts u.s. household wealth to $92.8 trillion


americans’ stock and mutual fund portfolios jumped $728 billion in value in the october-december quarter. home values rose $557 billion.washington — the stock market’s rise to record levels fueled a big increase in u.s. household wealth in the final quarter of last year. americans’ stock and mutual-fund portfolios jumped $728 billion in value in the october-december quarter, the federal reserve said thursday. home values rose $557 billion.total household wealth increased 2.3 percent to $92.8 trillion. the figure includes checking and savings accounts, and subtracts mortgages and other debt,still, not all americans are reaping the gains. the wealthiest 10 percent of americans own 80 percent of the stock market.most read storiesunlimited digital access. $1 for 4 weeks. and younger americans






true wealth & gold investments download


download download learn how to accumulate wealth in various ways with true wealth & gold investments advice. download our app for free to get all the information and related news about how to get rich and wealthy, how to get passive income, gold and silver investment, and most importantly, how to get funding. learn from our comprehensive guide and take action now. everyone wants to be wealthy and rich, but not many people know the right way to do it. here in our app we provide tips, tricks, and information regarding how to build your wealth from scratch. you start from how to get funding. then move on to other sections. maybe you want to learn how to invest in gold first? or do you want to invest in silver? are you looking for passive income streams? maybe you are looking for tips an






'altcoins' gain popularity as bitcoin goes mainstream


if you ask me to stand on one leg and quickly describe what bitcoin is, i’d fall down. like the vast majority of people, i really don’t understand this emerging, digital alternative to cold, hard cash and what it’s ultimately supposed to accomplish, or why anyone would want it in their 401(k) retirement... if you ask me to stand on one leg and quickly describe what bitcoin is, i’d fall down. like the vast majority of people, i really don’t understand this emerging, digital alternative to cold, hard cash and what it’s ultimately supposed to accomplish, or why anyone would want it in their 401(k) retirement... (robert reed)






reader call-out: how has seattle’s growing wealth impacted you?


following tyrone beason and erika schultz's stories on seattle's economic boom, we want to hear from you, dear reader, about how it's impacted your life and the city at large.our region — tech hub, global hot spot and real-estate boomtown — is in the midst of a surge that’s redefining ideas about wealth, getting ahead and just getting by.reporter tyrone beason and photographer erika schultz set out to capture those changing ideas in a recent magazine series:part i: will seattle figure out how to deal with its new wealth?part ii: the high cost of success: seattle’s current boom has been a bust for some.do you have thoughts on the city’s growing wealth? please share them in the form below.






rich list 2017: no brexit 'chilling effect' on wealth of super-rich


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 ones emerging over the last 12 months.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making b






rich list 2017: no brexit 'chilling effect' on wealth of super-rich


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 ones emerging over the last 12 months.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making b






rich list 2017: no brexit 'chilling effect' on wealth of super-rich


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 ones emerging over the last 12 months.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making b






in vast israeli warehouse, clues about time of jesus


before easter, israel’s antiquities authority opened up its vast storeroom to reporters sunday for a peek at unearthed artifacts from the time of jesus.beit shemesh, israel — in a cavernous warehouse where israel stores its archaeological treasures, an ancient burial box is inscribed with the name of jesus.not that jesus. archaeologists in israel say that jesus was a common name in the holy land 2,000 years ago, and that they have found about 30 ancient burial boxes inscribed with it.before easter, israel’s antiquities authority opened up its vast storeroom to reporters sunday for a peek at unearthed artifacts from the time of jesus. experts say they have yet to find direct archaeological evidence of jesus christ, but in recent years they have found a wealth of material that helps fill out






jeff bezos, bill gates and warren buffett have more wealth than the bottom half


it can be hard to grasp just how much money is concentrated in just a few hands in our lopsided economy today. but here's a start: the richest three people in the united states — jeff bezos, bill gates and warren buffett — together have more wealth than the entire bottom half of the country combined.to put an even finer point on it: that’s three people versus about 160 million people.to really comprehend just how insane the wealth concentration has become, consider bezos, the head of amazon. worth about $90 billion, he recently was declared the richest man in the world. in october alone, his wealth jumped by $10 billion — or about $4 million per second.given his massive wealth, one might imagine that his company has enough to pay its warehouse workers a minimum of $15 an hour. but apparent






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with tax reform pending, it's time to consider actions now


while the vast majority of changes won't take effect until january, procrastinators might miss out on key tax breaks before then.        






surging stocks lift us wealth, yet most still trail '07 peak


washington — surging stock prices and steady increases in home values powered american household wealth to $96.9 trillion this fall, the federal reserve said thursday. the gains, however, aren't widely shared.u.s. wealth has made a remarkable comeback since the recession, when it plummeted more than $10 trillion to $56.2 trillion. the figures aren't adjusted for inflation or population growth, nor is it broken out by income levels.edward wolff, an economist at new york university, uses other fed data to calculate figures for average and median households. the median is the point where half of households are richer, and half poorer, and gives a better sense of how typical families have fared.in 2016, the latest figures available, median household wealth was still 34 percent below its pre-re






rich list 2017: uk's super-rich carry on making billions


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






rich list 2017: uk's super-rich carry on making billions


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






rich list 2017: uk's super-rich carry on making billions


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






rich list 2017: uk's super-rich carry on making billions


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






rich list 2017: uk's super-rich carry on making billions


image copyrightpa/afpimage caption clockwise from top left: zlatan ibrahimovic was a new entry, while adele, gopi hinduja and james dyson all increased their wealth the uk's richest 1,000 people "kept calm and carried on making billions" amid the brexit vote of 2016, according to the sunday times rich list.their wealth rose by 14% over the past year to a record £658bn, it shows.brothers sri and gopi hinduja, who invest in property, healthcare and oil and gas, top this year's list with £16.2bn - up £3.2bn on 2016.the list includes a record number of british billionaires - 134 - with 14 new ones emerging over the last year.list compiler robert watts said: "while many of us worried about the outcome of the eu referendum, many of britain's richest people just kept calm and carried on making bi






millennials with $100,000 in investable assets taking over us economy


millennials who graduated during the great depression’s bust have cobbled together enough cash to become some of the richest people in the nation. these young and rich people are nearly doing just as well as their slightly older counterparts, generation x, in terms of household wealth, a new study on wealth and inequality found. roughly 13…






africa is not poor, we are stealing its wealth | africa


africa is poor, but we can try to help its people.it's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. when we read it, we reinforce assumptions and stories about africa that we've heard throughout our lives. we reconfirm our image of africa.try something different. africa is rich, but we steal its wealth.that's the essence of a report (pdf) from several campaign groups released today. based on a set of new figures, it finds that sub-saharan africa is a net creditor to the rest of the world to the tune of over $41 bn. sure, there's money going in: around $161 bn a year in the form of loans, remittances (those working outside africa and sending money back home), and aid.but there's also $203 bn






zimabwe’s mugabe gets comfortable retirement


the retirement perks for zimbabwe’s former president robert mugabe include some two-dozen permanent staff, three new cars every five years and​a newly built eight-bedroom residence or its equivalent in cash, according to a notice issued by the country’s new leader.mr. mugabe was forced to end his turn as the world’s oldest head of state last month after 37 years in power that pushed his country to the brink of financial collapse, but saw his family gain vast personal wealth....






for wealthy people, money actually buys happiness — which may explain a lot abou


to the editor: one study's finding that rich people's happiness tends to be focused on themselves and that nonrich people's is more often associated with feelings of love and compassion for others could tell us that some of the rich are using wealth to replace a missing sense of connection with others. ("rich people experience happiness in a more self-centered way than poor people, study suggests," dec. 19)that wealth can be used and sought in that way may be what causes some people not to find any level of wealth or power to be "enough" and what underlies the intensity and even desperation of the attempt to secure ever-more advantages for wealth. we observe this now in the political sphere.advertisementone can never get "enough" of what is only a stand-in for what one really needs.joseph






democratic candidates file first fundraising reports


madison, wis. — democratic candidates for governor submitted their first fundraising reports tuesday, in an early indication of support for the crowded field looking to take on gov. scott walker.several of the nine top tier democrats dipped into their own pockets to help finance their campaigns last year. competing for the same donors in a field with no clear front-runner creates an unusual dynamic for democrats as they try to take on walker, who has a nationwide base of financial support.milwaukee businessman andy gronik spent more than any other democrat so far on his race — tapping $450,000 of his own money in a contribution that's not a loan that can be repaid later. that was the vast majority of the $554,000 he raised for the year. gronik, who is running his first race for office, was






zimbabwe’s mugabe gets comfortable retirement


the retirement perks for zimbabwe’s former president robert mugabe include some two-dozen permanent staff, three new cars every five years and​a newly built eight-bedroom residence or its equivalent in cash, according to a notice issued by the country’s new leader.mr. mugabe was forced to end his turn as the world’s oldest head of state last month after 37 years in power that pushed his country to the brink of financial collapse, but saw his family gain vast personal wealth....






africa is not poor, we are stealing its wealth | africa


africa is poor, but we can try to help its people.it's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. when we read it, we reinforce assumptions and stories about africa that we've heard throughout our lives. we reconfirm our image of africa.try something different. africa is rich, but we steal its wealth.that's the essence of a report (pdf) from several campaign groups released today. based on a set of new figures, it finds that sub-saharan africa is a net creditor to the rest of the world to the tune of more than $41bn. sure, there's money going in: around $161bn a year in the form of loans, remittances (those working outside africa and sending money back home), and aid.but there's also $203






wealth, not just wages, is the way to measure women's equality


on aug. 26, we celebrate the day in 1920 that women in the united states finally won the right to vote, a historic victory in the long march toward equal rights. almost a century later, we still have to address the economic disparities women face in order to achieve full equality.today, women play an outsized role in the economy — they make up half the workforce and drive roughly 80% of consumer purchases — yet they have limited access to the fruits of their labor. it’s well known that women earn 79 cents for every dollar earned by men, but most people don’t realize that women own only 32 cents on the dollar compared with men. to get to women’s equality, we have to tackle income and wealth inequality.measuring wealth is a much more accurate picture of how one is doing financially than meas






'world's richest 1% get 82% of the wealth', says oxfam


image copyrightgetty imagesthe gap between the super rich and the rest of the world widened last year as wealth continued to be owned by a small minority, oxfam has claimed.some 82% of money generated last year went to the richest 1% of the global population while the poorest half saw no increase at all, the charity said.oxfam said its figures - which critics have queried - showed a failing system.it blamed tax evasion, firms' influence on policy, erosion of workers' rights, and cost cutting for the widening gap. oxfam has produced similar reports for the past five years. in 2017 it calculated that the world's eight richest individuals had as much wealth as the poorest half of the world.this year, it said 42 people now had as much wealth as the poorest half, but it revised last year's figu






app platform company mulesoft files for ipo


mulesoft is the latest “unicorn” to file for an ipo. the company, which helps businesses like netflix and spotify with their apis, has unveiled its financials to the public in an s-1 filing, suggesting that they are targeting a debut as soon as march.the size of the proposed ipo is $100 million, but that is subject to change.in the filing we see that mulesoft had $187.7 million in revenue last year, up from $110.3 million in 2015 and $57.6 million the year before. net losses were $49.6 million, down from $65.4 million the year before.the company had previously raised $259 million in funding at a $1.5 billion valuation. lightspeed venture partners has the largest stake at 17.1%, hummer winblad owns 15.8% and new enterprise associates has 14.3% of the company shares. morgenthaler partners, s