America’s middle class is shrinking in every state in America.
A new analysis by the Pew Charitable Trusts' Stateline blog, shows that the percentage of middle-class households -- defined as those earning between 67 and 200 percent of a state’s median income -- dropped in every U.S. state between 2000 and 2013. Median income also fell in most states during that period.
Startups achieve astronomical valuations in exchange for protecting new investors
Snapchat, the photo-messaging app raising cash at a $15 billion valuation, probably isn't actually worth more than Clorox or Campbell Soup. So where did investors come up with that enormous headline number?
Will this be the year they get it right?
If there’s one call that investors and economists almost always seem to get wrong, it’s the direction of long-term interest rates. For years economists have been predicting that rates would rise, yet rates have been on a downtrend for ages.
The Money Secrets of the Super Wealthy
The “Wealth Matters” columnist of The New York Times reveals the habits, worldviews, and practices that lead to true wealth—and why it’s more important to be “wealthy” than “rich.”
The global sustainable investment market has grown substantially in both absolute and relative terms, according to The Global Sustainable Investment Review 2014, a report released by the Global Sustainable Investment Alliance (GSIA).
Global sustainable investing assets under management (AUM) rose 61%, from US$13.3 trillion at the start of 2012 to reach US$21.4 trillion at the start of 2014.
Imagine vast and beautiful savannah grasslands as two million wildebeest migrate from the Serengeti National Park in the Mara region of Tanzania to the Maasai Mara National Reserve in Kenya. This trip is 3,000km in length, and represents, in many ways, the very best of what Africa has to offer the international community. But is this all Kenya puts on the plate? The answer is a definitive “no”. Kenya is moving from a frontier market to an emerging market, and is beginning to attract investment from all over the world.
“Why Richard, it profits a man nothing to give his soul for the whole world — but for Wales?” — Thomas More, in “A Man For All Seasons”.