George Soros Besides their age - 89 - George Soros (born Schwartz György) and Warren Buffett, profiled here last week (see Part 1), have much in common: Both are billionaires. Both attempt to avoid publicity. Both have media empires. But, to borrow from the late JFK, Soros is no Warren Buffett. The lovable Buffett is … Continue reading The billionaires who own the media – Part 2
Warren Buffett BH Media Group serves communities in 10 states. We own and operate 30 daily newspapers along with their digital sites. BH Media also publishes 47 paid weekly newspapers and 32 other print products. If you ever wondered what billionaires do with their money, besides buying 600-foot yachts and $100 million NYC penthouses - … Continue reading The billionaires who own the media – Part 1
When you don't count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in … Continue reading China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon
They are all white. They are all men. They are all rich. But you never hear politicians, professors or protestors criticize these richest men in America, because wealth has its privileges and allows immense power. It's not just being able to buy your children entrance into the best colleges, or owning a $100 million house … Continue reading Seven men together are twice as rich as 16,800,000 median Black households, or 42,000,000 citizens
Instead of playing the lottery or completing my 2018 Income Tax, yesterday I imagined I was Jeff Bezos It was a typical day with nothing to do except harass the workers at Whole Foods, so I decided to buy a boat. But not just any boat. A big boat - in fact, a ship. Large … Continue reading Very rich cannot only buy QM2-size yachts, they have enough $$ to own entire nations!
http://www.youtube.com/watch?v=PTW-TDBKLDw A Montana coal miner's daughter recently found herself the honored guest of King Willem-Alexander at the Royal Palace in the Netherlands. It was a case of the guest being better-known than the host, despite title and wealth. Barbara Ehrenreich, Ph.D, who researched and wrote the best-selling Nickel and Dimed: On (Not) Getting By in … Continue reading Nickels, dimes and dreams – author urges that all workers be fairly valued for their time and effort
Their employers did not pay the company share (6.2%) for FICA (Social Security) or Medicare tax (1.45%). Their bosses didn't even withhold income taxes...
http://www.youtube.com/watch?v=gPThhZ1Qab0 Some one million Walmart employees in the United States will have their meager pay supplemented this year with a bonus averaging $400, thanks to the lapse of usual parsimony by the owners of the world's largest retailer - the Walton family. That total $400 million is $71 million less than the cost of the … Continue reading If your family was as rich as the Waltons, you could easily buy Buckingham Palace over and over again