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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.

2 Articles
Source: Common Domain

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

Tuesday 21:50 GMT

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.


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