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
December 30, 2015 |
There is an irony to the presidential candidacy of Bernie Sanders: The senator from Vermont is often cast as exotic because he calls himself a "democratic socialist. " Yet the most important issue in politics throughout the Western democracies is whether the economic and social world that social democrats built can survive the coming decades. Let's deal first with the tyranny of labels. Socialist has long been an unacceptable word in the United States, yet our country once had a vibrant socialist movement whose history has been well recounted by John Nichols and James Weinstein.
December 22, 2015
UGI Corp., Valley Forge distributor and marketer of energy products and services, has appointed Roger Perreault to the newly created position of president, UGI International. He had been group vice president, large industries/world business line at Air Liquide. Glenmede, a privately-held investment and wealth management firm with $30 billion in assets under management in Philadelphia has appointed Laura LaRosa director of business development and Susan Mucciarone as director of private client relationship management.
July 26, 1986 |
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.)
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.
January 6, 1999 |
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.
June 6, 1993 |
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.
August 28, 1986 |
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.
September 17, 2010 |
WASHINGTON - Americans' wealth shrank in the spring for the first time since early 2009 as financial turmoil eroded stock portfolios. The Federal Reserve says household net worth fell 2.7 percent - or $1.5 trillion - in the April-to-June quarter. The decline left Americans' net worth at $53.5 trillion. Shriveled stock portfolios were the biggest force dragging down wealth. Wall Street was shaken by fears over Europe's debt crisis. Since then, stocks have recovered most of their losses from the April-June quarter.