Tag Archives: rich

“Bottom 1/2 of households nearly 50% richer under Trump”

“The Trump economy is giving the greatest benefits to those who have been at the bottom, according to new data from the Council of Economic Advisers. Data released by the CEA shows that over 11 quarters from the end of … Continue reading

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“Rich Californians trying to kill Electoral College, pick presidents by popular vote”

“… big donors in California are supporting the National Popular Vote Interstate Compact in Colorado ahead of a referendum vote in November 2020, reports the Washington Free Beacon. The NPV aims to bypass the Electoral College without changing the Constitution by pledging … Continue reading

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“America’s Richest 1% Now Own As Much Wealth As The Middle And Lower Classes Combined”

“…where as Bloomberg reports citing the latest Fed data, “one-percenters” now hold almost as much wealth as the middle- and upper-middle classes combined… Here are the facts: as the NBER recently reported, in 2016 the richest one percent of households held more than … Continue reading

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“Moscow slams illegal US presence in Syria amid reports of new military bases being built in oil-rich province”

“US actions to bolster its ‘illegal presence’ in Syria violate international law, Russian Deputy Foreign Minister Sergey Vershinin said on Tuesday. The statement comes shortly after Turkish media reported that two new American military bases are under construction in the oil-rich … Continue reading

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“Rich Chinese outnumber wealthy Americans for first time – Credit Suisse”

“A new report by Credit Suisse shows that the number of rich Chinese people has surpassed the number of wealthy Americans for the first time as both countries continue to produce millionaires at fast rates. “This year, for the first … Continue reading

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“Swiss banks benefit as rich Britons line up escape route from Brexit chaos”

” Swiss private banks have seen a sharp rise in British clients who are moving assets offshore to escape a chaotic Brexit, several sources familiar with the situation told Reuters… Swiss banks do not disclose details of their clients but the … Continue reading

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“…Swiss Banks Begin Charging Wealthy Clients For Deposits”

“For years, European banks were leery of passing on the ECB’s negative deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to “eat” the difference and impacting their interest income… … Continue reading

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