Tag Archives: eat the rich

Reuters reports: A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 …

The Moscow Times reports: The Moscow Times has found evidence, based on dozens of interviews, that Russia’s rich are setting up makeshift clinics in their own homes to ensure they can have better care than the masses if they get infected. And in what may have severe ramifications down the road for Russia’s battle against the coronavirus, they are buying …

The New York Post reports: It began one week ago. First came the social media posts, the rich showing off their fleets of SUVs — three to a family sometimes — with fresh and canned food bought in the city, announcing they were headed to their second homes out east, where they immediately ravaged every supermarket and stripped the shelves …

Bloomberg News reports: In 2019, the world’s richest 500 people saw their collective net worth jump by 25 percent or $1.2 trillion, according to the Bloomberg Billionaires Index published Friday. Combined, the collective net worth of the world’s 500 wealthiest individuals totaled $5.9 trillion. American billionaires alone added $500 billion to their wealth, with Facebook CEO Mark Zuckerberg gaining $27.3 …

Bloomberg News reports: This year saw weak annual gains in luxury home prices, new tax proposals on million-dollar properties, and restrictions for foreign investors. But that didn’t stop luxury homebuyers in the U.S. from shelling out upwards of $100 million apiece for mansions, penthouses, and beachside properties. A Manhattan penthouse topped the list of 2019’s 10 most expensive residential real …

Forbes Magazine reports: The Bel-Air, French chateau-style mansion and estate made famous by TV’s The Beverly Hillbillies sold for $150 million, setting a California price record⁠—with the new owner reported to be Lachlan Murdoch, son of media mogul Rupert Murdoch. Known as the Chartwell Mansion, the property’s exterior was featured in the opening credits of The Beverly Hillbillies, which ran …

The Hill reports: Commerce Secretary Wilbur Ross said Thursday that he was confused why thousands of federal workers, who’ve already missed one paycheck, are relying on food banks during the partial government shutdown. Ross he didn’t understand why some of the more 800,000 unpaid federal workers have flocked to food banks for meals instead of taking out loans against back …

USA Today reports: The U.S. Office of Personnel Management has offered federal workers affected by the partial government shutdown a guide for negotiating with creditors, landlords and mortgage companies while their income is cut off. The Thursday tweet notes that workers should consult with a “personal attorney” for advice but offers templates for how one might seek financial assistance for …

Yahoo News reports: The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory in office. In the largest overhaul of the U.S. tax code in 30 years, Republicans in mere weeks steamrolled over the …

The Washington Post reports: Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in this city’s booming waterfront district, just across the Hudson River from Lower Manhattan. There was just one problem: The program was designed to …

USA Today reports: Melania Trump may be a mostly absent first lady so far, but she’s following the traditional path when it comes to official portraits. Trump’s office in the East Wing released her picture Monday, “taken in her new residence at the White House,” according to the official statement. Trump, 46, a former fashion model, is pictured from just …