Ever since the Cambridge Analytica scandal publicly exposed the data privacy abuse practices of social media giant Facebook, that company as well as other tech giants have been under increasing scrutiny due to the tremendous power these companies wield over our political, social and economic spheres. The public is now demanding transparency and accountability concerning […]
During a speech at the World Economic Forum in Davos, Switzerland, Seth Klarman, one of the most successful investors in the world, raised concerns about a number of factors that could adversely impact the direction of the world economy. He also suggested that undue investor optimism, particularly in the United States, might not be warranted […]
For many, Warren Buffett is the ideal example of an ultra-successful investor. Many people would assume, based on his success, that Buffett is always on the move and a flurry of activity. That would not be entirely true. In fact, during the early stages of Buffett’s investing career he would read anywhere between 600 to […]
For investors seeking higher yields in a dismal low interest rate environment, master limited partnerships (MLPs) of midstream energy companies are one viable alternative. These MLPs are involved in the business of transporting oil, primarily though pipelines, as well as storing and processing various other commodities related to the production of petroleum or for the […]
Marc Benioff, the co-CEO of cloud-based software company Salesforce, says higher taxes on rich people like himself make sense. Benioff, in a The New York Times op-ed, calls it a “new capitalism.” “Capitalism, as we know it, is dead,” he wrote. “Globally, the 26 richest people in the world now have as much wealth as the poorest […]
Recently, there has been an abundance of hand wringing within the financial world, with experts worried that a recession is right around the corner. Goldman Sachs, the multinational investment bank and financial services company, is not buying it. That is not to say Goldman Sachs believes everything is peachy either. The company has acknowledged an […]
The highest tier of professional athletes have some of the highest salaries in the world. What many people don’t realize is that despite their high earnings many well-paid pro athletes eventually go broke. Thankfully, this is not the case for all athletes. Many of them actually lead very frugal and modest lifestyles.
Larry Summers, former Treasury Secretary under Bill Clinton and the former director of Obama’s National Economic Council, thinks the wealth tax proposed by some progressive Democrats will backfire. With such close ties to the Democratic Party, and being a Democrat himself, it is surprising to hear Summers come out against the wealth tax plans touted by progressive […]
China, with a population of 1.4 billion, is currently home to the world’s second-largest economy. While China is still experiencing growth, it is not at the levels the country has grown accustomed to. The downtrend in China’s GDP growth is a recent phenomenon that has been ongoing for the past several years, though the ongoing […]
Retirement presents an exciting new stage in many people’s lives. Many people choose to go embark on their retirement adventure in a new locale. The range of reasons for such a dramatic move is vast. Many senior citizens seek a warmer climate, a lower cost of living, or simply to be around more of their […]
