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Wealth

NEWS
March 23, 2012 | By Richard Schiffman
Do the wealthy lie, cheat, and steal more than others? The answer appears to be yes, in certain circumstances. The research supporting this conclusion was conducted not by Occupy Wall Street, but at the University of California, Berkeley, where social psychologist Paul Piff led a team that devised a series of experiments to assess the effect of wealth on ethical behavior. Their paper, published last month in the Proceedings of the National Academy of Sciences, suggests the rich are more likely to cut corners when confronted with a number of ethical challenges.
NEWS
February 24, 1999
Now that the courts are making decisions in favor of Imelda Marcos, she has publicly flouted any compromise to split her wealth with the [Filippino] government. . . . "If you know how rich you are, you are not rich," she commented. "I am not aware of the extent of my wealth. That's how rich we are. " - Karen Emmons South China Morning Post (Hong Kong), Dec. 13, 19
NEWS
July 26, 1986 | By Paul Magnusson, Inquirer Washington Bureau
The concentration of wealth in the hands of a very few has increased dramatically in the United States, a new study says. The "super rich" - the top one-half of 1 percent of the population - held 35.1 percent of the nation's wealth in 1983, according to a survey by the Joint Economic Committee of Congress. That figure was an increase of nearly 10 percentage points from 20 years earlier, when the super rich had just 25.4 percent of the nation's wealth. Although the study does not show the rest of the population getting poorer as a result, "it is proof that the rich get richer," said Rep. David R. Obey (D., Wis.)
NEWS
October 7, 2013 | By Peter Dobrin, Inquirer Culture Writer
Last of three parts "It could be a kiss-off gift," says the cultural leader of a $10,000 check that had recently arrived in the mail. It would be a nice chunk of change for any Philadelphia arts and culture group, this 10K, except when you realize that the donor who sent it is worth several billion dollars. Relatively speaking, it's the same as someone with $100,000 in the bank sending a check for $3. This donor hasn't emerged as one of Philadelphia's great philanthropic leaders, despite his capacity.
NEWS
May 13, 2007
Still figuring out to whom you want to give your vote Tuesday? The Great Expectations Web site, http:/go.philly.com/great expectations, offers a wealth of helpful material: Audio of mayoral and City Council candidate interviews, and City Council candidate debates. An archive of endorsements. An electronic debate between the First District candidates.
NEWS
January 6, 1999 | RON TARVER / Inquirer Staff Photographer
Sharing the wealth with his loyal subjects, Alex De Flavis, playing the part of Balthazar, distributes candy to students after a program at Sumner Elementary School in Camden. De Flavis visited yesterday as part of Three Kings Day, the 12th day of Christmas, on which gifts are traditionally given to children.
NEWS
June 6, 1993 | Inquirer photographs by Gerald S. Williams
A wealth of African culture was presented yesterday at the African Marketplace, which was held at the Afro-American Historical and Cultural Museum. Radio personality Georgie Woods was on hand to mark his 40th year in broadcasting.
NEWS
October 5, 2011
By Silvio Laccetti Big headlines greeted the recent release of new federal poverty statistics, fueling a vitriolic debate about wealth and poverty in America. The same ancient rhetoric is resurrected every election cycle, confusing the issue and further dividing the populace. To have a more meaningful discussion, we must keep in mind that poverty is relative. We can and do quantify poverty. Federal poverty lines are drawn based on yearly income: $10,890 for one person, $22,350 for a household of four.
NEWS
August 28, 1986 | By Paul Magnusson, Inquirer Washington Bureau
The Joint Economic Committee of Congress, which announced last week that it had made a mistake in a survey about the increasing concentration of wealth in the United States, said yesterday that it had mistakenly reported its mistake and that its original mistake was no mistake at all. Clear? If not, then it's back to Square One in the case of the missing $198 million. On July 25, the committee reported that the concentration of wealth in the hands of a few had increased dramatically, with the super rich - the top one- half of 1 percent of the wealthiest Americans - holding 35.1 percent of the nation's wealth in 1983.
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