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2 Articles
Source: Common Domain

Here’s how much wealthy parents spend to legally give their kids an edge in the college acceptance race

19-Mar-2019

The college admissions scandal exposed the amount of money some parents will spend to guarantee their children a spot at a top college.

While it’s good that parents are recognizing the intrinsic benefits of students’ participating in extracurricular activities, Sarah Clark, an associate research scientist in University of Michigan Medicine’s Pediatrics Department, and the author of the study, said she worries that if parents don’t believe there are other, tangible benefits to their kids’ participating in these activities — like getting into college — they may be deterred.

1 Article
Source: Common Domain

Let’s stop bashing billionaires — they are making our lives better

Wednesday 01:30 GMT

A Peterson Institute study found that 29% of America’s billionaires inherited their fortunes compared to more than half of Europe’s.

Many billionaires pump their wealth into angel investment and venture capital, which together feed more than $100 billion a year to promising growth companies. Jeff Bezos, for example, uses his Amazon wealth to invest in biotechnology, aerospace, health care, renewable energy, media, and many other activities.

1 Article
Source: Common Domain

Let’s stop bashing billionaires — they are making our lives better

Wednesday 01:30 GMT

A Peterson Institute study found that 29% of America’s billionaires inherited their fortunes compared to more than half of Europe’s.

Many billionaires pump their wealth into angel investment and venture capital, which together feed more than $100 billion a year to promising growth companies. Jeff Bezos, for example, uses his Amazon wealth to invest in biotechnology, aerospace, health care, renewable energy, media, and many other activities.

1 Article
Source: The Guradian

IPO mania: San Francisco braces for 'earthquake' of new tech millionaires

Today 19:06 GMT

Several big-name tech companies are set to enter the public market, and the speculation over the effects of a crush of overnight millionaires overwhelming the region has reached fever pitch.

Twitter, which entered the stock market in 2013 at $24bn, was at the time one of the only major Silicon Valley tech companies headquartered in San Francisco. Facebook debuted at $104bn in 2012, but its Menlo Park headquarters meant the effects of sudden wealth weren’t as concentrated in one location.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte