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Keyword: networth

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  • U.S. Household Net Worth Reached Record $90.2 Trillion in Third Quarter

    12/09/2016 5:23:58 AM PST · by expat_panama · 24 replies
    Wall Street Journal ^ | Dec. 8, 2016 12:00 p.m. ET | Josh Zumbrun
    Stock wealth climbed by $494 billion and housing by $554 billion The wealth of U.S. households climbed to a record $90.2 trillion in the third quarter, driven by a powerful buildup in both real estate and stocks. Stockholdingsóboth directly and through retirement accounts like 401(k)sóclimbed by $494 billion last quarter while real estate, which is primarily peopleís homes, rose in value by $554 billion, according to a Federal Reserve report released Thursday. The report shows that U.S....
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the countryís best-known litigators since the late 1990s. He became Theranosís outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the countryís best-known litigators since the late 1990s. He became Theranosís outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper ó one of the first to invest in the Palo Alto company ó implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...
  • Theranos founder's net worth goes from $4.5 BILLION to nothing amid fraud claims

    06/01/2016 11:50:25 AM PDT · by CorporateStepsister · 30 replies
    Daily Mail ^ | 1 June 2016 | Regina F. Graham For
    Last year she was on top of the world, but now Elizabeth Holmes has a net worth of zero. Holmes, who is the founder of blood-testing company Theranos, was at the top of Forbes' list of the richest self-made women in America with a net worth of $4.5billion last year. However, Forbes has lowered their estimate of her net worth to nothing, amid allegations that the blood-testing company she founded in 2003 has inaccurate tests and is being investigated by federal agencies. Theranos Inc was sued on Thursday, accused of endangering customer health through 'massive failures' that misrepresented the accuracy...
  • VA Seeks To Remove Net Worth Reporting For Healthcare Benefits

    10/20/2015 5:09:27 PM PDT · by Bob · 9 replies
    Military dot com ^ | Oct 19, 2015 | Jim Absher
    The VA has proposed removing the net worth reporting requirement for veterans seeking VA healthcare. In a proposal scheduled to be filed in the Federal Register on October 20, the VA seeks to make permanent its temporary practice of not requiring a veteran to submit a net-worth statement when they apply for healthcare. The VA will also no longer require annual net-worth statements from veterans who are currently enrolled in its healthcare programs. ... The VA now seeks to remove any wording in the law related to its collection of net-worth data to prevent any confusion and make it permanently...
  • Meanwhile... the Economy Is Tanking

    10/15/2015 4:38:00 PM PDT · by Kaslin · 5 replies
    Rush ^ | October 15, 2015 | Rush Limbaugh
    RUSH: You know, there's unemployment news today. And I want to it read this to you. This is from the Zero Hedge website, which we quote frequently on this program. The headline: "Initial Jobless Claims Plunge to 42-Year Lows, Despite Surging Job Cuts." Now, that doesn't make any sense. The number of people filing unemployment claims is at a 42-year low? Sorry. No, there has to be something else to make that true. That just can't be. Then the second part of headline: "despite surging job cuts," meaning layoffs are happening all over this country. People are losing their jobs...
  • How Much Are the 2016 Candidates Worth? Check Out the Numbers...

    10/12/2015 12:13:12 PM PDT · by SeekAndFind · 3 replies
    Fox News ^ | 10/12/2015
    Forbes put together the definitive wealth list of the candidates, compiling the net worth estimates of the top 20 Republican and Democratic contenders. Forbes used a variety of documents, including financial disclosures with the Federal Election Commission, property records, mortgage papers and tax records. Obviously, billionaire Donald Trump took first place. But how did the others stack up? Check out Forbes' full rankings below: 1. Donald Trump $4.5 bil Richest candidate by a long shot is the GOP front-runner. 2. Carly Fiorina $58 mil Former HP CEO has over 1,000 investments. 3. Hillary Clinton $45 mil Half of power couple;...
  • Bloomberg: Donald Trump is overstating his wealth by more than $7 billion

    07/28/2015 7:20:44 AM PDT · by SeekAndFind · 52 replies
    Business Insider ^ | 07/28/2015 | Colin Campbell
    Real-estate magnate Donald Trump frequently touts his wealth on the presidential campaign trail. But a new report essentially accuses the GOP candidate of overstating his net worth by billions of dollars.Bloomberg reporters Caleb Melby and Richard Rubin, citing an analysis by the Bloomberg Billionaires Index, reported Thursday that Trump was actually worth about $2.9 billion.That's more than $7 billion less than Trump has said.In a statement earlier this month, Trump's campaign wrote that the real-estate developer and television personality has seen his net worth rocket upward even in just the past year."Real-estate values in New York City, San Francisco, Miami,...
  • We finally know a lot more about Donald Trump's 'massive' net worth

    07/25/2015 7:23:04 AM PDT · by SeekAndFind · 11 replies
    Business Insider ^ | 07/25/2015 | Brett LoGiurato
    The world learned much about real-estate mogul Donald Trump's wealth this week, as the Federal Election Commission released a 92-page personal-financial-disclosure report filed by the Republican presidential candidate as part of his nascent campaign. Trump's campaign released a statement on July 15, when he filed disclosure with the FEC, saying it would reveal a "massive" net worth "in excess of TEN BILLION DOLLARS." The report still does not completely detail Trump's fortune, as it deals mostly with ranges. "For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes...
  • U.S. household net worth increases to $84.9 trillion

    06/12/2015 7:04:13 AM PDT · by SeekAndFind · 14 replies
    Reuters ^ | 06/12/2015
    The net worth of U.S. households rose in the first quarter due to the rising value of homes and investments, a positive sign for the outlook for consumer spending. The increase added $1.6 trillion to the total wealth of American families, putting it at a new record high of $84.9 trillion, a report by the Federal Reserve showed on Thursday. While the economy and consumer spending was sluggish in much of the first quarter, the data suggests U.S. households are on a better financial footing and consumers may open their wallets more. Many economists believe that consumers spend a few...
  • Average US Household Wealth Plunges to Only $656,039!! Details: Jan. 11 Investment & Finance Thread

    01/11/2015 10:06:38 AM PST · by expat_panama · 125 replies
    Weekly investment & finance thread ^ | Jan. 11, 2015 | Freeper Investors
              Average U.S.      Household Wealth             Real Estate $186,702     Durables $44,374     Deposits $81,497     Stocks/Business $422,126     Bonds $27,139     Misc. $7,598       ____________     Total Assets $769,435             Debts -$113,397       _____________     Net Worth $656,039           Something that snuck by me (and most people) last month was the Fed's quarterly Flow of Funds Report --their bigass number-dump that says where all America's money has...
  • If The Clintons Are Worth 50 Million, Why Do They Get Nearly A Million A Year From The Taxpayers?

    06/25/2014 12:50:23 PM PDT · by SeekAndFind · 16 replies
    TEC ^ | 06/25/2014 | Michael Snyder
    Since leaving the White House, the Clintons have earned at least 100 million dollars and currently have a net worth of up to 50 million dollars. So why in the world do the taxpayers need to give Bill Clinton $944,000 to fund his extravagant lifestyle in 2014? If ordinary Americans truly understood how much money many former politicians are being handed every year they would go bananas. According to a Congressional Research Service report that was published earlier this year, the federal government has given a total of nearly 16 million dollars to Bill Clinton since 2001. Each one of...
  • Household Net Worth Soars To $74.8 Trillion In Q2 While Real Median Household Income Falls

    09/25/2013 12:47:57 PM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 09/25/2013 | Anthony B. Sanders
    Household net worth rose to $74.8 trillion in the second quarter, helped by the stock market, housing market and government accounting. Household wealth in the U.S. increased from April through June, supported by gains in the stock and housing markets that are improving Americansí finances. Net worth for households and non-profit groups climbed by $1.34 trillion in the second quarter, or 1.8 percent from the previous three months, to $74.8 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey. Here is a chart of household net worth since...
  • The Deadly Disgrace of Obama's Pro-Terrorist Lawyers

    10/12/2012 1:35:12 AM PDT · by Kaslin · 6 replies ^ | October 12, 2012 | Michelle Malik
    October 12 marks the 12th anniversary of the bombing of the USS Cole. The grim milestone comes as President Obama faces mounting questions about his administration's dereliction of duty during the murderous attack on our consulate in Benghazi, Libya. And it comes just a day after resurgent al-Qaida thugs pulled off the drive-by assassination of a top Yemeni security official who worked at the U.S. embassy in Sanaa. These are not "bumps in the road." These are gravesites on the blood-spattered path to surrender. Seventeen U.S. sailors died in the brutal suicide attack on the guided Navy missile destroyer as...
  • Study: American Households Hit 43-Year Low In Net Worth

    12/02/2012 10:28:58 AM PST · by george76 · 21 replies
    CBS DC ^ | November 30, 2012 | Edward N. Wolff
    The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969. According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole. According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars)...
  • Wealth implosion: It's not just housing

    06/21/2012 6:18:04 AM PDT · by TigerLikesRooster · 52 replies
    CNN Money ^ | 06/19/12 | Tami Luhby
    Wealth implosion: It's not just housing By Tami Luhby @CNNMoney June 19, 2012: 2:32 PM ET NEW YORK (CNNMoney) -- Americans' net worth collapsed in recent years, but don't blame the housing market for it all. A CNNMoney analysis of new Census Bureau data shows that if you strip out the effects of the housing collapse, median household net worth still fell by 25% between 2005 and 2010. The decline was driven largely by the plummeting stock market, which devastated Americans' portfolios and retirement accounts. Overall, median household net worth declined 35% to $66,740 in 2010. The median worth of...
  • Family Net Worth Drops to Level of Early í90s, Fed Says (obamanomics at work)

    06/11/2012 4:24:33 PM PDT · by Red in Blue PA · 16 replies
    WASHINGTON ó The recent financial crisis left the median American family in 2010 with no more wealth than they had in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said Monday. The median family, richer than half of the nationís families and poorer than the other half, had a net worth of $77,300 in 2010, down from $126,400 in 2007, the Fed said. The crash of housing prices explained three-quarters of the loss. This vast loss of wealth was compounded by a loss of income, as the earnings of the median family fell by 7.7...
  • Family net worth plummets nearly 40%

    06/11/2012 1:54:23 PM PDT · by Enosh · 25 replies
    CNNMoney via | CNNMoney
    <p>NEW YORK (CNNMoney) ó The average American familyís net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.</p>
  • Is Mitt Romney a Billionaire?

    01/30/2012 9:49:38 AM PST · by pinochet · 22 replies
    In an interview im Miami with the Hispanic journalist, Jorge Ramos of Univision, who asked him what he was worth, Mitt Romney claimed he is worth between $150 million to 200 million dollars. Romney is the founding CEO of Bain Capital, one of the largest private equity firms in the world. In a documentary that Newt Gingrich's PAC ran in South Carolina, the value of Bain was put at $65 billion dollars. Founding CEOs usually retain ownership of a large number of shares in the firms that they founded. For example, Microsoft is worth $219 billion, and Bill Gates...
  • The Net Worth Of The American Presidents: From Washington To Obama To ___ (in today's USD)

    01/09/2012 1:49:17 PM PST · by SeekAndFind · 17 replies
    Business Insider ^ | 01/09/2012 | Wall Street 24X7
    (This post originally ran in May 2010. We've updated it to include the net worth of the leading Republican presidential candidates). 24/7 Wall St. has examined the finances of all forty-three presidents. This article provides net worth figures for each in 2010 dollars. Because a number of presidents, particularly in the early 19th Century, made and lost huge fortunes in a matter of a few years, the number for each man is based on his net worth at its peak. In the case of each president we have taken into account hard assets like land, estimated lifetime savings based on...
  • U.S. Household Wealth Takes Biggest Hit Since 2008 (Down 4% In Q3 HOPEY CHANGEY!)

    12/08/2011 2:23:34 PM PST · by tcrlaf · 15 replies · 1+ views
    LATimes ^ | 12-8-11 | Associated Press
    Americans' wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value. At the same time, corporations increased their cash stockpiles to record levels. Household net worth fell 4 percent to $57.4 trillion in the July-September quarter, according to a Federal Reserve report released Thursday. It was the sharpest drop since the October-December quarter of 2008 and was the second straight quarterly decline. Household wealth, or net worth, is the value of assets like homes, bank accounts and stocks, minus debts like mortgages and credit cards. The value of...
  • Herman Cain Earned $900,000 Last Year, Worth Over $3 Million (Is he among the 1%?)

    10/28/2011 10:58:02 AM PDT · by SeekAndFind · 41 replies
    Ozarks First ^ | 10/28/2011
    (Washington, DC) -- The Republican Presidential hopeful known for his "Nine-Nine-Nine" tax reform plan earned 900-thousand-dollars last year. Cain's personal financial information was released today. It shows he was paid 359-thousand-dollars by the Whirlpool Corporation. Cain also pocketed about 165-thousand bucks from his Atlanta-based radio show. He earned 120-thousand-dollars from Hallmark Cards and about 200-grand from farm equipment company Agco Corporation. Herman Cain also reports having assets valued at over three-million-dollars. Cain's tax plan would create nine-percent personal and corporate tax rates.
  • 5 Reasons Black Americans Should Give Up On The Democratic Party

    09/13/2011 4:59:13 AM PDT · by Kaslin · 30 replies ^ | September 13, 2011 | John Hawkins
    I grew up in the deep South and once, when I was going to high school, I went to a friend's party. A couple dozen of us were hanging around downstairs, enjoying ourselves, when we found out that the father of the girl who was throwing the party wouldn't let a kid into his house because he was black. You may be wondering if there was any other motive. Maybe the kid mouthed off, he was dressed like a thug, the two of the them had some kind of run-in before...none of that was true. The father was just a...
  • Income does Not equal Wealth

    08/02/2011 10:25:02 AM PDT · by stocksthatgoup · 20 replies
    Vanity | 8/02/2011 | Vanity
    Income does Not equal Wealth. Net Worth equals Wealth. Income equals Net Work!

    07/27/2011 6:09:26 AM PDT · by shortstop · 15 replies ^ | 07/27/11 | Bob Lonsberry
    The news is good at ďwhat.Ē It isnít very good at ďwhy.Ē Like this story yesterday, about the growing disparity in net worth between whites and non-whites in America. Specifically, while the average white person in America has a net worth of about $113,000, the average black person has a net worth of about $5,000 and the average Latino person comes in at around $6,000. That was the news. Whites are financially worth more than blacks, and that gap is growing significantly, to its greatest point in 25 years, in fact. That was all that was said. That was the...
  • The real reason the economy remains weak (hint: it's not homes or consumers)

    07/23/2010 12:22:04 PM PDT · by Domandred · 7 replies
    Idaho Statesman ^ | 7/23/2010 | Peter Crabb
    What are you worth? The United Statesí net worth has fallen by trillions, and many see this as the most pressing economic problem of the day. --- SNIP --- Gross Private Domestic Investment has fallen 24 percent since its peak in the second quarter of 2006. But personal consumption expenditures are actually up 11 percent over the same period. Consumption declined only slightly in the third and fourth quarters of 2008. Disposable income was also down slightly in these two quarters but is now 4.6 percent higher than at the start of the recession. --- SNIP --- Donít blame the...
  • U.S. family net worth down since 2007: Fed

    02/12/2009 12:49:39 PM PST · by NormsRevenge · 4 replies · 348+ views
    Reuters on Yahoo ^ | 2/12/09 | Mark Felsenthal
    WASHINGTON (Reuters) Ė The collapse of U.S. housing and stock prices have likely pushed household net worth down by more than 20 percent in the past year, the Federal Reserve said on Thursday. A Fed study of U.S. family finances estimates median family net worth fell by 17.8 percent while mean net worth declined by 22.7 percent. The mean is the average, and the median is the middle value in a series of numbers. Relative to 2004, median net worth slipped by 3.2 percent while mean net worth tumbled 12.7 percent. The data was released as part of a Fed...
  • Bloomberg's 'Net Worth' Report Doesn't Even Tell Us What It Is

    Incredibly, Chandra never told us what total US household net worth is, only supplying the amount of the decrease. Of course, many readers will see the $532.9 billion decline, a very big number, and think the worst -- that our portfolios are disappearing, that our homes are becoming worthless, and that the economy is irretrievably going into the tank (Was that the point, Ms. Chandra?). Additionally, Chandra never told us what has happened to household net worth between the third quarter of 2002, the last time it declined, and the most recently reported quarter. Here are the key numbers Chandra...
  • Net worth of U.S. households skyrockets

    03/08/2007 2:40:50 PM PST · by Nachum · 30 replies · 1,264+ views
    Yahoo News ^ | 03/08/2007 | JEANNINE AVERSA
    WASHINGTON - The net worth of U.S. households climbed to a record high in the final quarter of last year, boosted mostly by gains on stocks, the Federal Reserve reported Thursday. Net worth ó the difference between households' total assets, such as houses and bank accounts, and their total liabilities, such as mortgages and credit card debt, totaled $55.6 trillion in the October-to-December quarter. That marked a 2.5 percent growth rate from the third quarter, the previous quarterly record high. Stocks gains helped fuel the increase in net worth, although real-estate gains played a role, too. For all of last...
  • Net Worth of your congressmen

    11/10/2006 2:24:43 PM PST · by ejdrapes · 42 replies · 4,386+ views
    Open Secrets ^ | Open Secrets
    Rank Name Minimum Net Worth Maximum Net Worth 1 Herb Kohl (D-Wis) $219,098,029 $234,549,004 2 Jane Harman (D-Calif) $168,651,649 $289,045,000 3 John Kerry (D-Mass) $165,741,511 $235,262,100 4 Darrell Issa (R-Calif) $135,862,098 $677,230,000 5 Jay Rockefeller (D-WVa) $78,150,023 $101,579,003 6 Robin Hayes (R-NC) $58,952,196 $59,970,169 7 Charles H. Taylor (R-NC) $56,056,017 $77,341,000 8 Dianne Feinstein (D-Calif) $43,343,464 $98,660,021 9 Lincoln D. Chafee (R-RI) $41,153,105 $64,096,019 10 Frank R. Lautenberg (D-NJ) $38,198,170 $90,733,019 11 John McCain (R-Ariz) $25,071,142 $38,043,014 12 Rodney Frelinghuysen (R-NJ) $19,978,175 $67,170,000 13 Edward M. Kennedy (D-Mass) $19,189,049 $93,043,004 14 John Campbell (R-Calif) $17,004,087 $77,512,000 15 Kenny Ewell...
  • American families' finances in bad shape

    03/16/2006 7:20:57 AM PST · by mr_hammer · 79 replies · 2,026+ views
    Ohio e-CPA Weekly, Issue 11 ^ | (March 13-17, 2006)
    Startling facts from the recent Federal Reserve Board's Survey of Consumer Finances indicate that the typical American family has about $3,800 in the bank, no retirement account, no mutual funds and no stocks or bonds. Financial planners suggest families do the following to avoid financial ...
  • CA: Former Feinstein staffer edited Wikipedia entries (cut references to Feinstein's net worth)

    02/09/2006 11:57:14 AM PST · by NormsRevenge · 46 replies · 1,171+ views ^ | 2/9/06 | Carolyn Lochhead
    Washington -- Sen. Dianne Feinstein's office acknowledged today that a former staff member had removed references to the California Democrat's net worth on the Internet encyclopedia Wikipedia, as well as altered entries about her husband Richard Blum's Chinese investments in 1997. A former staff member "independently went on to Wikipedia to correct some material he felt was not appropriate," said Feinstein spokesman Howard Gantman. "The senator was not even aware of it." The changes to the biographies of members of Congress, allegedly by their staffs, have again raised questions about the credibility of the online encyclopedia that has become an...
  • CA: Wealthy, powerful and running again - Feinstein's net worth puts her among Senate's most elite

    08/13/2005 3:42:41 PM PDT · by NormsRevenge · 7 replies · 527+ views ^ | 8/13/05 | Edward Epstein
    Washington -- Sen. Dianne Feinstein goes into her 2006 re-election campaign as one of the richest members of the U.S. Senate, an elite club where roughly half the members are millionaires, her annual financial disclosure statement showed Friday. Feinstein is a millionaire in her own right, but her wealth is multiplied many times over by that of her husband, San Francisco-based international investor Richard C. Blum. He is among the richest Senate spouses, along with Teresa Heinz Kerry, wife of the Democratic 2004 presidential nominee, Sen. John Kerry of Massachusetts. It's impossible to paint an exact financial picture for Feinstein...
  • More Depressions Like This, Please - (New Noel Sheppard, with charts!-encouraging!)

    01/11/2005 10:41:47 PM PST · by CHARLITE · 3 replies · 642+ views
    Remember all that talk during the just concluded presidential campaign about this being the worst economy since the Great Depression? Or that President Bush's jobs performance is the poorest since Herbert Hoover was in office? Well, with the close of the 2004 calendar year comes the end of Mr. Bush's first term. Maybe without all the distractions and distortions that accompany a political campaign we can better determine what the real economic results are since our 43rd president was inaugurated. Let's begin with jobs. This past Friday's December employment report paints quite a different picture of the U.S. economy than...
  • Gephardt: The worth of a man

    06/06/2003 6:27:21 AM PDT · by FairWitness · 10 replies · 258+ views ^ | 6-6-03 | Deirdre Shesgreen
    <p>Disclosure forms and recently provided tax returns show that Gephardt lands on the low end when it comes to financial assets among Democratic presidential candidates. He never became rich, the congressman says, because he hasn't wanted to.</p> <p>Source: Candidates financial disclosure forms. Sen. Kerry estimates include $700,000 to $2,400,000 in assets held by Kerry or jointly with his wife; the balance is his wife's, according to Boston Globe.</p>
  • Write your own editorial -- Part 1

    02/20/2003 8:08:22 AM PST · by BraveMan · 2 replies · 197+ views
    Machine Design ^ | 02/06/03 | Ronald Khol
    As is our custom, the February editorials list dollar values for the sales, income, or spending of various institutions, corporations, and individuals. It is up to you to find whatever amusement, amazement, or irony you can. The values are all from published sources, but are not documented in my tally. Total net worth of all households in the U.S.: $40 trillion. The market value of all corporations in the U.S.: $10 trillion. Total value of all home mortgages in the U.S.: $5.6 trillion. Money held in 401(k) plans: $1.5 trillion. Purchases charged to credit cards in 2001: $1.29 trillion. Pension...