Tuesday, March 3, 2015
Forbes 500 List Reveals A Disturbing Truth About Our Economy
http://www.huffingtonpost.com/2015/03/02/forbes-500-rich-list_n_6784594.html DUE 9 MARCH 2015. According to the author, why is the 15% of wealthiest Americans coming from finance disturbing in our economy?? Do you see the increasing trend in wealth from finance a problem for the future? Click on the FORBES 2014 list of 400 Richest Americans and scan the list. Describe the person(s) on the list you admire and tell why.
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15% of the wealthiest Americans are coming from finance based jobs. The reason for this is because financialization is putting shareholders rewards above other interests. The increasing trend in wealth from finance could be a problem for the future due to the risk in investing and banks going bankrupt. Finance is a risky field of work that could make you rich and poor in a matter of a short time. After looking at the Forbes 2014 list of 400 Richest Americans, I would have to say that I found #30 Donald Bren to be most admiring. Donald Bren is a real estate agent in California. After clicking on his name and reading his bio the numbers I saw were astounding. "...More than 40 shopping centers, 50,000 apartments, three hotels and several golf clubs and marinas..." He is also part of the Santa Clara Square, a 1.2 million square-foot office campus. Bren has really impacted the real estate business in California.
ReplyDeleteOn Monday, it was reported by Forbes magazine that banking, investing, hedge funds and private equity (finance) made up 14 percent of the 500 richest people in the world as of 2015. But apparently it wasn’t always this way. According to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business, only 4.4 percent of the richest people in the world gained their wealth due to finance in 1982. That number increased to over 20 percent by 2011. Fifteen percent of the wealthiest Americans today come from finance disturbing in our economy and it can be explained using the term "financialization.” "Financialization" refers to “the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, I don’t believe that the increasing trend in wealth deriving from finance is a problem for the future because that just means that people are focusing more of their time on things such as investing and banking, rather than on other ways to make money. After looking at the Forbes 2014 list of the 400 richest Americans, I found that I admire Bill Gates the most. From a very young age, Bill Gates was interested in computer programming and he worked to his fullest potential to create Microsoft. He is the epitome of a hardworking and determined person, which lead him to the number one position of the richest person in America as of 2014.
ReplyDeleteOn Monday, Forbes listed for fourteen percent of the world’s 500 richest people in 2015 for banking, investing, hedge funds and private equity. But, finance isn’t always what made them wealthy. Of the 4oo Americans on the Forbes’ first list in 1982 they deprived wealth from finance. And according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business’ analysis just 4.4 percent deprived from it, and that share jumped to twenty percent by 2011. Fifteen percent of the wealthiest Americans today come from finance disturbing in our economy and it can be explained using the term "financialization.” According to the article, this is what financialization means “the term that describes interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, finance could be really dangerous and risky. You could be the richest person alive, and in matter of seconds, you could be the poorest person to be alive. Based on the list I’ve looked at for the 400 richest people, I admire Jack Ma the most. That is because he is representing the Asian people, he is the first Asian that I know is on the list. His net worth is $22.4 billion dollars!!!! Also, seeing him extremely rich which means one day I will be rich just like him, and maybe be even number 1! Another thing would be that he went from being a teacher to a businessman and became a billionaire. That is amazing…go Asian people.
ReplyDeleteThis article is about the Forbes 500 list that revealed a disturbing truth about our economy. In this article, Forbes stated on Monday that banking, investing, hedge funds and private equity were accounted for fourteen percent of the world's five hundred richest people in 2015. Although, according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago's Booth School of Business, "Finance has not always had such a big share of the uber-wealthy. Of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent derived their wealth from finance." According to the author, the fifteen percent of the wealthiest Americans are coming from finance disturbing our economy because it is known as financialization. The definition of financialization is "interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities." In my opinion, I believe that the increasing trend of wealth from finance could be a huge problem but at the same time could be beneficial. It all depends on luck. You can make a lot from it but can lose a lot as well. After looking over the FORBES 2014 list of 400 Richest Americans I can most definitely say that I admire Bill Gates the most. One of my family's friend was one of the founders of Microsoft and worked with Bill on it. I can most definitely say that after hearing him speak about it to me, he is definitely a hard working and dedicated business man. I am not surprised at all that he is one the richest people.
ReplyDeleteThe Forbes 500 is a ranking of the country's richest people. 15% of these people source their wealth from the financial industry.This is disturbing for our economy because finance has not always been a big part of the super wealthy. In 1982, the first Forbes' list was published. The correlation between prosperity and the nation's economy is ever decreasing. I do see the increasing trend in wealth from finance a problem for the future because of financialization. Financialization is a process in which market's institutions, and the wealthy gain influence over policies and outcomes in economy. This process leads to income inequality and contributes to a wage stagnation. This makes the economy prone to debt deflation and prolonged recession.I honestly don't have a person on the list that i admire. i believe that you are who you are. If you accomplish wealth, that is fine. But i would really admire a wealthy person who has affected or society and graced our history with remarkable initiatives.
ReplyDeleteAccording to the author, Ben Walsh, the 15% of wealthiest Americans come from financing because “the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” And Washington Post’s Lydia DePillis states, “putting shareholder rewards above other interests -- is changing the economy.” I do not think that the rise in “financialization” is a big problem for our future because people tend to do what makes them money. If getting into finance is the solution for peoples’ problems, then so be it. The person I admire is Bruce Nordstrom. I admire him because he started one of my favorite department stores. Nordstrom has things that are nice and afforable as well as things that are a little more up scale. I admire that he made a store that is for everyone.
ReplyDeleteOn Monday, Forbes listed the fourteen percent of the world’s 500 richest people in 2015 for banking, investing, hedge funds and private equity. As stated by Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business, only 4.4 percent of the richest people in the world gained their wealth from finance in 1982. By 2011, that number had increased from 4.4 percent to 20 percent. Fifteen percent of the wealthiest Americans come from finance disturbing in our economy and it can be explained from the term “financialization.” “Financialization” is “an increase in the size and importance of a country’s financial sector relative to its overall economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, I don’t really see the trend in wealth deriving from finance is a problem because more people are starting to invest and save their money, rather than just finding ways to earn it. They’re now starting to take precautions to save it, rather than just have it. After looking at the Forbes 2014 list of the 400 richest Americans, I admire Bill Gates the most. He was determined from a young age and had a vision he wanted to create. He worked hard and achieved his dream, leading him to create Microsoft. He is one of the most idolized, hard working people in the world, leading him to be number one on Forbes richest list of 2014.
ReplyDeleteIn 1982 4.4% of the richest people get their wealth from finance. It later jumped to 20% in 2011. This increase can be described by financialization. This term means the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money finance-like activities. I can see a problem from this in the future with a decreasing connection between prosperity of the financial system and the economy as a whole. Also shareholder rewards above other interests, is one aspect of financialization. I admire Bill Gates because he the youngest billionaire on the list. He helps the poor and Africa by working to spread mobile banking so the poor can transform their lives.
ReplyDeleteAccording to the author, the 15% of the wealthiest source of wealth is the financial industry. the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.The result is an ever-decreasing connection between the prosperity of the financial system and the economy as a whole. Yes, the increasing trend in wealth from finance is a problem for the future. Financialization correlates local markets heavily to external ones, exposing them to crises of liquidity and deleveraging once external market participants enter. I admire Jeff Bezos, from a young age he always had a passion for computers and even though he had a promising job on Wall Street, he quit and settled for working in his garage with some colleagues and ended up creating Amazon. It was because of his devotion that he became one of the wealthiest Americans earning himself a spot on Forbes list.
ReplyDeleteOn Monday, it was reported by Forbes magazine that banking, investing, hedge funds and private equity made up 14 percent of the 500 richest people in the world as of 2015. But apparently it wasn’t always this way. finance hasn't always made them wealthy. Of the 4oo Americans on the Forbes’ first list in 1982 they deprived wealth from finance. And according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business’ analysis just 4.4 percent deprived from it, and that share jumped to twenty percent by 2011. Fifteen percent of the wealthiest Americans today come from finance disturbing in our economy and it can be explained using the term "financialization.” "Financialization" refers to “the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, finance could be very dangerous. You can be the richest person in the world, but in the blink of an eye, you can soon be the poorest person in the world. After looking at the Forbes 2014 list of the 400 richest Americans, I admire Bill Gates the most. From a young age, Bill Gates was interested in computer programming and he worked so hard and to his fullest potential to create Microsoft. He is a hard working man, which lead him to be the richest man in 2014.
ReplyDeleteAs the years go on, more and more finance workers are making their way up the Forbes’ list of the 400 richest Americans, with it increasing to just about 15 percent of the total. Those in finance include banking, investing, hedge funds and private equity. In 1982, the finance percentage was a mere 4.4 percent according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business. To form these numbers and theories, analysts look at a “financialization” chart that “describes interlocking and reinforcing trends like the rise and importance of the financial sector relative to the rest of the economy.” The increase of rich finance people is leading to a disconnect between prosperity of the financial system and the economy as a whole and it is shifting the dynamics around. So now those who are, theoretically speaking, running the economy are benefiting from this shift and are finding a way to become more rich by manipulating the system. After looking through the Forbes’ 2014 list of the 400 richest Americans, I admire both Micky Arison and Mark Zuckerberg. Facebook was a company that was created in the dorm of a couple of college students who had an idea and executed it which became a social media that spread worldwide. Micky Arison is the owner of the Carnival Cruise Line and the Miami Heat. I admire what Arison has done with what he has. I have watched Miami Heat games with my dad for a very long time and I can see that the owner Micky Arison is always present when needed and to support the team. Both of these men put time back into helping those around them and even with all of their money they still have time to help.
ReplyDeleteIn 1982 4.4% of the richest people get their wealth from finance. It later jumped to 20% in 2011.
ReplyDeletethe Forbes 500 list that revealed a disturbing truth about our economy. In this article, Forbes stated on Monday that banking, investing, hedge funds and private equity were accounted for fourteen percent of the world's five hundred richest people in 2015. Although, according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago's Booth School of Business, "Finance has not always had such a big share of the uber-wealthy. 500 is a ranking of the country's richest people. 15% of these people source their wealth from the financial industry.This is disturbing for our economy because finance has not always been a big part of the super wealthy. In 1982, the first Forbes' list was published. The correlation between prosperity and the nation's economy is ever decreasing. In my opinion, I don’t really see the trend in wealth deriving from finance is a problem because more people are starting to invest and save their money, rather than just finding ways to earn it. They’re now starting to take precautions to save it, rather than just have it. After looking at the Forbes 2014 list of the 400 richest Americans, I admire Bill Gates the most. He was determined from a young age and had a vision he wanted to create. He worked hard and achieved his dream, leading him to create Microsoft. He is one of the most idolized, hard working people in the world, leading him to be number one on Forbes richest list of 2014.
As Forbes 500 is the “gossipy ranking of the country’s richest people,” it is seen that finance has accounted for 14% of the 500 richest people. The chart that was made to show the sources of wealth also coin the term of “financialization,” which describes the interlocking and reinforcing trends. The increase in size and importance of the financial sector relative to the rest of the economy is known, especially the fact that non-finance companies make their money from finance activities. As a result of this trend that shows the increasing effect of the finance sector, there is a decreasing connection between the financial system and the economy as a whole. In my opinion, the finance world and dealing with money is risky itself but I don’t think that the trend will create a problem financially for the future. As the sector is growing, banking and investors are doing what makes them money, whether its stocks or investing, this will not have as great of an effect on the economy as a whole rather than the people’s lives themselves. On the list of the 400 richest people of 2014, I admire Ronald Lauder, the creator of Estee Lauder because that is one of the most classic and used line of cosmetics and skin care. As a kid, my mom would always be using their products and it ranges in price to make it adaptable for all people.
ReplyDeleteIn 1987 The New York Times described the Forbes 500 as, "a gossipy ranking of our country's richest people". Finance, which includes sectors such as banking, investing, hedge funds, and private equity, makes up 14% of the worlds 500 richest people in 2015. Described as "financialization", or the interlocking and reinforcing trends, proves that the finical sector is relative to the rest of the economy and that non-finance companies are in fact cashing in on finance activities. The Forbes 400 list of wealth includes careers in retail/restaurant, real estate, finance, energy, and technology - all of which have fluctuated over the years of 1982-2011. If wealth from finance increases in the future, i see a problem for our nations well being. This could result in, "an ever decreasing connection between the prosperity of the financial system and the economy as a whole". Putting shareholder rewards above other other interest is inevitably altering the economy. Of the Forbes list of the 400 richest people of 2014, I admire Leonard Lauder and the other creators of Estee Lauder the most because it is a timeless brand that has only evolved. Estee Lauder is a brand that is used by millions of people and is not some fad, like Facebook for example, that will decrease in value over time.
ReplyDeleteCARLIE LIBRIZZI
ReplyDeleteOn Monday, it was reported by Forbes magazine that banking, investing, hedge funds and private equity (finance) made up 14 percent of the 500 richest people in the world as of 2015. But apparently it wasn’t always this way. According to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business, only 4.4 percent of the richest people in the world gained their wealth due to finance in 1982. That number increased to over 20 percent by 2011. Fifteen percent of the wealthiest Americans today come from finance disturbing in our economy and it can be explained using the term "financialization.” In my opinion, I believe that the increasing trend of wealth from finance could be a huge problem but at the same time could be beneficial. It all depends on luck. You can make a lot from it but can lose a lot as well. After looking over the FORBES 2014 list of 400 Richest Americans I can most definitely say that I admire Bill Gates the most. One of my family's friend was one of the founders of Microsoft and worked with Bill on it. I can most definitely say that after hearing him speak about it to me, he is definitely a hard working and dedicated business man. I am not surprised at all that he is one the richest people. In 1982 4.4% of the richest people get their wealth from finance. It later jumped to 20% in 2011. This increase can be described by financialization. This term means the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money finance-like activities.
According to Forbes Magazine, 15% of the wealthiest Americans were in the Finance Industry, which is indeed a disturbing fact. It's crazy how one profession can have so many people that are wealthy. If these people continue to get rich off of financialization , that just increases the gap between the wealthy and the rest of America. What's also crazy is how 4.4 % of people derived their wealth from finance in 1982 and this year the number is all the way up to 15%. On the list of the 400 most wealthy people, one person I respect is Phil Knight, the creator of Nike. He created an iconic brand that is seen internationally, and is a loved and respected company by many. With Nike being globally popular, it has to be one the most influential brands, and they changed the professional sports realm too.
ReplyDeleteThis past Monday, Forbes posted a list ranking the country's richest people. Fourteen percent of those people made their way up the ladder through finance based jobs such as banking, investing, hedge funds and private equity. They use a chart know as financialization which means interlocking and reinforcing trends: the rise in size and importance of the financial sector relative to the rest of the economy. It shows that even non-finance companies increasingly make money from finance-like activities. It is disturbing to our economy because its a very high risk field of work that you either make it or break it. You can become very rich or very poor in a short period of time. I admire Warren Buffet because he does a lot of charity work for foundations such as the Make-A-Wish Foundation. He also supports the Animal Rescue foundation, I personally am an animal lover and i hate to see homeless animals and especially animals that have been neglected or abused.
ReplyDeleteThe Forbes 500 is a ranking of the country's richest people. 15% of these people source their wealth from the financial industry.This is disturbing for our economy because finance has not always been a big part of the super wealthy. In 1982, the first Forbes' list was published. The correlation between prosperity and the nation's economy is ever decreasing. I do see the increasing trend in wealth from finance a problem for the future because of financialization. “Financialization” is “an increase in the size and importance of a country’s financial sector relative to its overall economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, I don’t really see the trend in wealth deriving from finance is a problem because more people are starting to invest and save their money, rather than just finding ways to earn it. After looking at the Forbes 2014 list of the 400 richest Americans, I admire Bill Gates the most. He was determined from a young age and had a vision to create something great.
ReplyDeleteAccording to the author, 15% of the wealthiest Americans are coming from finance disturbing in our economy.The Washington Post's Lydia DePillis has a great primer on how one aspect of financialization putting shareholder rewards above other interests is changing the economy. If these people continue to get rich off of financialization, that just increases the gap between the wealthy and the rest of America. I believe the increasing wealth from finance could be a problem in a future because financialization. I am admired by Bill Gates he is such a wonderful guy. He is always looking forward to bettering the world.
ReplyDeleteAccording to this article, 15% (14%) of the wealthiest Americans are coming from finance industry because of a term known as “‘financialization’ -- the term that describes interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In other words, financial institutions increase in size and influence which is where people make their money. The increasing trend in wealth from finance can be perceived as a problem for the future because not everyone makes it out successful. As more people continue to bet their luck on this industry, more people risk everything they have. This predicament can cause people to go bankrupt and be thrown into the streets. All of this is one big risky investment that people should consider carefully. After opening and scanning the list of the 400 Richest Americans, I’ve found that I admire Micky Arison of Carnival Cruise Line. I absolutely love cruises and my parents always book them for insanely cheap because of the deals given by Carnival. They booked a 7 day cruise to Caribbean for only $50 per person so thank you Micky Arison for letting me spend my 2015 spring break on a boat getting dark from the sun and fat from the food. You're the real MVP.
ReplyDeleteFifteen percent of the wealthiest Americans today come from finance disturbing in our economy and it can be explained using the term "financialization.” According to the article, this is what financialization means “the term that describes interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, finance could be really dangerous and risky. You could be the richest person alive, and in a matter of seconds, you could be the poorest person. Based on the list I’ve looked at for the 400 richest people, I admire Jack Ma the most. This is because he is the first Asian that that is on the list. His net worth is $22.4 billion dollars. Another thing would be that he went from being a teacher to a businessman and became a billionaire. That is amazing.
ReplyDeleteThe 15% of the wealthiest Americans are in the finance businesses such as banking, investing, and private equities. Considering that the finance business is a risky job, I see that our wealthiest people coming from this profession can cause issues. The finance industry is like a gamble, some strike filthy rich while others lose everything they have. Since there are factors that can effect the finance industry I think it is an unstable source for future purposes. There is no one specific person on this list that I admire more, I see them all as very powerful people which causes me to want to be like them in the ranking one day. We as Americans are greedy with money and i for one know that if I were to be on any spot on that list I know others would fear my abilities which is what I personal respect.
ReplyDeleteOn Monday, it was reported by Forbes magazine that banking, investing, hedge funds and private equity made up 15% of the wealthiest people in America. According to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business, in 1982 only around 4% richest people got their wealth through finance. By 2011 that number increased by 20%. The wealthiest Americans getting their money through finance is disturbing because of the term "financialization.” It refers to “the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” In my opinion, I don’t believe this will be a problem for the future because I plan to be on this list and the rich never have problems because money can buy everything. After looking at the Forbes 2014 list , I admire Bill Gates the most because his name just sounds like money! He has been filthy rich from his younger days and i admire the rich so i love him.
ReplyDelete15% of the wealthiest Americans derive their wealth from finance. This is disturbing because it's causing the decline of wealth deriving from other type of companies like real estate, retail & restaurants, tech & VC, and energy. If this trend continues, I can definitely see this as a problem because it will increase the pay gap and it would tern our economy into one thats run by economists and people that are only interested in money, and that's not a good thing. When I look at the Forbes 400 list of richest people from 2014, the first thing I personally notice is the amount of women. I counted 49 women. That's about 11%. Though I would love to see the number even higher, I think this is a great start from where we came from. No longer do just men run the country.
ReplyDeleteDue to a term known as “financialization”, 15% (14%) of the wealthiest Americans come from the financing business. The author describes that non-finance companies increasingly make money from finance-like activities. This increasing trend in wealth will definitely grow at a fast pace each year. As of 2014, 26 percent of the wealthy derived from finance. This will lead to a problem in a few years because, this people who are being corrupt are inheriting all the wealth that other Americans are working and struggling hard to earn. The share of wealthy Americans coming from finance is much greater than the 14 percent of the world’s wealthy. America as of now is at its highest peak in financialization. Out of the list of 400 richest Americans, I admire Ralph Lauren because he started off by designing clothes which is now known as the brand name “Polo”, that has expanded to furniture, shoes and fragrances.
ReplyDeleteAccording to the author, Ben Walsh, the 15% of wealthiest Americans come from financing because “the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” Yes, the increasing trend in wealth from finance is a problem for the future. Finalization correlates local markets heavily to external ones, exposing them to crises of liquidity. Out of the 2014 Fobres top 500 I admire Elizabeth Holmes whom is a 31 year old, Stanford University drop out, self-made, billionaire. She has made her money through blood testing research and is one of the youngest woman on the list. I love the fact that she didn't inherit all the money and she worked her butt of to get to where she is.
ReplyDeleteAccording to the article, 15% of the wealthiest Americans are coming from finance based jobs. The reason for this is because financialization is putting shareholders rewards above other interests.With the trend increasing in wealth from finance, this could be a problem for the future due to the risk of investing and banks going bankrupt. Finance is a very risky field to work in that it could make you rich and poor in a short amount of time. I admire Bill Gates because he is the richest man in the world.
ReplyDelete15% of the wealthiest Americans are coming from finance based jobs. The reason for this is because financialization is putting shareholders rewards above other interests. The increasing trend in wealth from finance could be a problem for the future due to the risk in investing and banks going bankrupt. The definition of financialization is "interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities." The person I admire is Bruce Nordstrom. I admire him because he started one of my favorite department stores. Nordstrom has things that are nice and afforable as well as things that are a little more up scale. I admire that he made a store that is for everyone.
ReplyDeleteThe economy is being disturbed because of an ever-decreasing connection between the prosperity of the financial system and the economy as a whole. Increasing trend in finance is not a problem for my future. I don't plan on risky investments but hopefully those who do, have a back up plan. I admire Bill Gates because he is an underdog. I like that he dropped out of Harvard. He realize that there are better things in this world than Ivy League. Not a lot of people would have the courage to give up what others believe to be the best, for what they know is best for themselves. This is an important lesson in life that you must go after what is right for you and only you. Nobody can tell you what's best for you, you must decide that for yourself. So many times we choose what society has told us is right. No longer will I.
ReplyDeleteThe Forbes 500 is a ranking of the country's richest people. 15% of these people source their wealth from the financial industry and is disturbing for our economy because finance has not always been a big part of the super wealthy. In 1982, the first Forbes' list was published. Of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent derived their wealth from finance, That share jumped to 20 percent by 2011, according to Rauh and Kaplan. The correlation between prosperity and the nation's economy is decreasing. I believe that the increasing trend of wealth from finance could be a huge problem because of financialization. the process in which market's institutions, and the wealthy gain influence over policies and outcomes in economy. This process leads to inequality concerning income and contributes to a wage stagnation. Scanning through the list, I admire Larry Page and Sergey Brin the founders of google, enough said. They have made an impact to the world that has and will forever be part of our lives. They are both worth about 30 billion, an extraordinary amount.
ReplyDeleteOn Monday, Forbes listed the fourteen percent of the world’s 500 richest people in 2015 for banking, investing, hedge funds and private equity. As stated by Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business, only 4.4 percent of the richest people in the world gained their wealth from finance in 1982. The increasing trend in wealth from finance could be a problem for the future due to the risk in investing and banks going bankrupt. I admire Bill Gates because he is at the top of the list and only continues to grow. He is superior to all of them and is very powerful. Even with all the power he is very involved in philanthropy. - Sam Mohammed
ReplyDelete15% of the wealthiest Americans coming from finance disturbing in our economy is because finance hasn't always been a big part of the super wealth people. “The rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities.” It is described as "financialization-- the term that describes interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities." Yes, I do see the increasing trend in wealth from finance a problem for the future. I admire Bill Gates the most. He is a very intelligent and a very generous man. I never hear poorly of him in the media and he gives a lot of him money to charity. He created an empire in a form that had never been done before.
ReplyDeleteNever start a sentence with a number--spell it out...
DeleteAccording to an article written by Joshua Rauh of The Stanford Graduate School of Business. 15% of American's wealth comes from finance job such as banking. They put shareholders invested in them above other intrest. This can get a little risky since the prospect is so alluring investing all this money in the banks if they were to go bankrupt a large portion of American's wealth would go down the drain. Now I don't necessarily look up to anyone of the Forbes 500 I do respect Bill Gates who had to work, building his company from the ground up through his means to earn the spot as the wealthiest man in the world. It is a good acheivement and shows that hard work pays off.
ReplyDelete-Raymond Tilus
In 1982, of the 400 Americans on Forbes’ first rich people list, 4.4% derived their wealth from finance. In 2015, that rose to 15% of the world’s 500 richest people. 15% of the wealthiest Americans coming from finance is disturbing to our economy because this result shows the decreasing connection between the prosperity of the financial industry and our economy as a whole. I do not see the increasing trend in wealth from finance a problem for the future because it only shows that we cannot rely on the success of the financial industry for the U.S. economy’s success. I admire Forest Mars Jr. and his family Jacqueline Mars and John Mars. Forest Mars and his family have generated a real time income of $26.6 billion each. They all rank 16 on the world’s 400 richest people in 2014. Forest Mars resides in Big Horn, WY. Jacqueline resides in The Plains, VA. John Mars resides in Jackson, WY. Although not completely innovative, I admire them for their amazing idea of selling candy. Not only was the idea for making candy admirable, but the determination required for the development of such candy is also admirable. I also admire them for their creativity in developing a variety of foods, other than candy, to appeal to a wider range of consumers. They have created Uncle Ben’s rice, and pet food brands like Pedigree and, Wiskas. They have also made candies like Milky Way, M&Ms, and Snickers. I admire them the most for their idea for Snickers candy.
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ReplyDeleteFifteen percent of the wealthiest Americans today coming from finance is disturbing to our economy. "Financialization," or “the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities,” is a term used to describe the wealthy members of our nation coming from finance. I do see the increasing trend in wealth deriving from finance as a problem for the future because instead of investing in companies, people are investing in banking and finance. After looking at the Forbes 2014 list of the 400 richest Americans, I greatly admire Bill Gates. Bill Gates had an interest in computer programming from a very young age and worked hard to make his dreams come true. Gates started a business in his garage became the richest man in the nation. I really admire his drive!
The Forbes 500 is a ranking of the country's wealthiest people. 15% of these people obtain their wealth from the financial industry, which is a new and uprising trend currently. This could be be a problem because of financialization which is the rise in size and importance of the financial sector relative to the rest of the economy and that non-finance companies increasingly make money from finance-like activities. The person I admire on the Forbes 400 list is the number one, Bill Gates. I admire Bill because he was the first to program a computer which is amazing. He built Microsoft, a household name brand in which many of his products are commonly in such as computers and smart phones. Today Bill continues to be a philanthropist contributing to the problems around the world and helping to find solutions for them.
ReplyDeleteThe Forbes 500 list revealed on Monday, a disturbing truth about our economy. In this article, Forbes stated on Monday that banking, investing, hedge funds and private equity were accounted for fourteen percent of the world's five hundred richest people in 2015. Although, according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago's Booth School of Business, "Finance has not always had such a big share of the uber-wealthy. Of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent derived their wealth from finance." According to the author, the fifteen percent of the wealthiest Americans are coming from finance disturbing our economy because it is known as financialization. The definition of financialization is "interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities." In my opinion, I believe that the increasing trend of wealth from finance could be a huge problem but at the same time could be beneficial. It all depends on luck. You can make a lot from it but can lose a lot as well. After looking over the FORBES 2014 list of 400 Richest Americans I can most definitely say that I admire Bill Gates the most. One of my family's friend was one of the founders of Microsoft and worked with Bill on it. I can most definitely say that after hearing him speak about it to me, he is definitely a hard working and dedicated business man. I am not surprised at all that he is one the richest people.
ReplyDeleteAccording to the article the Forbes 500 is a ranking of the country's richest people. The article states that 15% of these people source their wealth from the financial industry also this is disturbing for our economy due to our finance not always being a big part of the super wealthy. During 1982, the first Forbes' had been published and Of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent lost their wealth from finance, That share decreased to 20 percent by 2011, according to Rauh and Kaplan. The connection between prosperity and the nation's economy had decreased.In my opinion I believe that the increased trend of wealth from finance will be a huge problem because of financialization. I'n the process thst is a market's institutions, and the wealthy gain influence over policies and outcome in economy. The process leads to inequality there main concern is income and contributes to a wage stagnation. After analyzing the list, I admire Larry Page and Sergey Brin the founders of google, because They have made an impact to the world and on my life as we'll.That will forever be part of our lives.The two of them will be a huge impact on our life They are both worth about 30 billion, an huge amount and that would mean their net worth is high due to the amount thief worth.
ReplyDeleteThe 15% of wealthiest Americans coming from finance is disturbing in our economy because "finance has not always had such a big share of the uber-wealthy". Yes, this could be a problem due to financialization which is the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities. I think I admire Ronda Stryker (#164) the most because I actually know of the medical equipment. The Coral Springs Fire Department uses a Stryker stretcher.
ReplyDeleteOn Monday, Forbes listed 500 of the world's richest people who came from finance- banking,investing, hedge funds, and private equity. Finacialization is changing the economy and disturbing it. Yes, I see that the increasing trend in wealth from finance a problem for the future. If it's disturbing the economy now, imagine what it will do to the economy 20 years from now.I admire Bill Gates for staying at the top for so long. He never gave up, even though he could've quit when he was a millionaire he kept on going. I hope one day to be just like him, which will probably never happen.
ReplyDeleteThe Forbes 500 list increasingly shows the people from the financial industry. As listed by Forbes on Monday, finance -- banking, investing, hedge funds and private equity -- accounted for 14 percent of the world's 500 richest people in 2015. Of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent derived their wealth from finance. That share jumped to about 20% by 2011, which is shocking since fiance has not been a big share among the very wealthy. I do see the increasing trend in wealth from finance a problem for the future. When you are in finance and dealing with investments it is always risky. Not everyone makes it out okay so that would cause a problem. Another thing to worry about would be banks possibly becoming bankrupt as a result of it. From the 400 list of 2014 I most admire Bill Gates. Bill Gates started the most successful companies from scratch, Microsoft. This company has started today's technology and the futures to come. He was just a Harvard drop-out who one day created this company that made him billions. He is the richest man on the planet yet again, and he is the greatest entrepreneur I have seen. This man is very powerful but yet is involved with so much. He tries not to let greed get in the way of what's really important in life, which is why I admire him.
ReplyDeleteAll of the people on Forbes did there share of hard work to get on that presigious list. I admire them all and they may be disturbing our economy but they worked hard to get to that point and they do not deserve to be tAxed an unfair amount just because they worked a little harder to achieve the American dream. Many on that list are billionaires and take money from some of the population but in this world that's how it works.
ReplyDelete15% of the wealthiest Americans coming from finance is disturbing because, according to the author, “The result is an ever-decreasing connection between the prosperity of the financial system and the economy as a whole.” If this does lead to a disconnection between the finance and the economy then, yes it would be a problem because it would mean any prosperity towards finance would not lead to prosperity to the economy.
ReplyDeleteLarry Page and Sergey Brin are persons that I admire. I admire them because they were and are innovative. They created the most popular search engine and created a successful company that continues with innovative ideas, growing and improving them.
Never start a sentence with a number....spell it out!!
DeleteThe fifteen percent of the wealthiest Americans are coming from finance disturbing in our economy. It is known as financialization. The definition of financialization is the process by which financial institutions, markets, etc., increase in size and influence. Finance has not always been a big part of the super wealthy. I don’t see the trend as a problem because more people are starting to invest and save their money... More people should try it. I admire Bill Gates the most because he achieved what many said he couldn't.
ReplyDeleteThe Forbes 500, described by the New York Times as being a gossipy ranking of the country's richest people.", is still going strong. However, a recent increase in financial industry workers on this list has been raising concern. In fact, 14% of the 500 richest people are in the financial industry as of 2015. This contrasts with the results of 1982, where only 4.4% were in the financial industry. This is a problem that comes from financialization. The article describes financialization as the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities. After glancing at the Forbes 500 list of most wealthy Americans, I realized that I only recognized a few of the people. Of those few, I have to say that I most admire Mark Zuckerberg. My reasons are simple: he's young, he's rich, and he did what every kid wishes they could... He dropped out of school to do what he had a passion for.
ReplyDeleteI think it is disturbing because from the first drop of the Forbes list the amount has jumped by 10%, and it will only continue to rise as our economy continues to fluctuate. I do see it as a problem because as the rich get richer, the poor continue to become poorer. The person on the list who I admire the most would have to be Mark Zuckerberg, he is not only one of the youngest people on the list but he is worth the most for his age, he is only 30 years old and is worth 35.2 Billion dollars, he played life correctly and made it big.
ReplyDeleteOn Monday, it was reported that in 2015 apparently banking, investing, hedge funds and private equity (finance) make up 14 percent of the 500 richest people in the world.According to the author, the fifteen percent of the wealthiest Americans are coming from finance is disturbing our economy because it is known as financialization. I believe that the increasing trend of wealth from finance could be a huge benefit but also a major issue. The increase of rich finance is leading people to a disconnect between prosperity of the financial system and the economy as a whole. So now people who are running the economy are benefiting from this shift and are finding a way to become more rich by manipulating the system. Based on the Forbes 2014 list of 400 Richest Americans, I admire Bill Gates because forces seemed against him and he was able to create a company that was so influential and didn't just play game but changed the game. He also donates a lot of his money to charities.
ReplyDeleteIt was reported by Forbes magazine that banking, investing, hedge funds and private equity (finance) made up 14 percent of the 500 richest people in the world as of 2015. Of the 4oo Americans on the Forbes’ first list in 1982 they deprived wealth from finance. In 1982, the finance percentage was a mere 4.4 percent according to Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago’s Booth School of Business. 15 percent of the wealthiest Americans come from finance disturbing in our economy and it can be explained from the term “financialization". As a result of this trend that shows the increasing effect of the finance sector, there is a decreasing connection between the financial system and the economy as a whole. The persons I admire the most would be Jin Sook and Do Won Chang beacuse they actually created my favorivte clothing store ever which is Forever 21, they have an estimate of $4.4 billion in sales from more than 600 stores, and own 100% of Forever 21.
ReplyDeleteAccording to the author, why is the 15% of wealthiest Americans coming from finance disturbing in our economy?? Do you see the increasing trend in wealth from finance a problem for the future? Click on the FORBES 2014 list of 400 Richest Americans and scan the list. Describe the person(s) on the list you admire and tell why.
ReplyDeleteThe 15% of wealthiest of American being from finance is disturbing to our economy because it raises the importance of finance and squashes competition, creating a monopoly. I see this as a problem for our future because it will prioritize finance over other sectors making it harder for small businesses to rise in wealth and popularity. I admire Ralph Lauren the most because he became wealthy from his clothing and it wasn't involving finance. He made a brand from his name which is now synonymous with quality clothing. He is an inspiration to many who aim to be entrepreneurs outside the field of finance.
According to Forbes magazine, 15% of Americans are disrupting the economy. Theses people come from banking, investing, hedge funds and private equity. The reason why people in finance makes so much money because they are financialization the shareholders rewards above other interests. Financialization is "the rise in size and importance of the financial sector relative to the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities." Finance is a make it or break it type of field. The increasing trend in wealth from finance proposes major problems in our economy. Risky investments and banks going bankrupt will hurt the economy. After looking at the list I admire Bruce Nordstrom. I read many articles on Nordstrom of how its a perfect place to work and it treats its people with respect. Nordstrom is a very eloquent department store where it offers the best merchandise for the upper class. I admire the fact that the employees are treated well and it's where the elite come to shop.
ReplyDeleteForbes magazine reported to have people from finance like banking, investing, hedge funds and private equity, accounted for the 15% of the world's 500 richest people in 2015. Meanwhile compared to the estimation back in 1982 of Forbes's first rich-people list, only 4.4% achieved their wealth from finance. The reason for 4.4% to skyrocket up to 15% is due to the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities, a process known as "financialization" -- the term that describes interlocking and reinforcing trends. Personally, I don't think the increasing trend of wealth deprived from finance is a potential threat to our economy. People just tend to make money from introducing new businesses rather than other ways to make a profit, and I see no problem with that. In fact, we actually need more people from our generation to get out there to create new businesses and corporations, instead of just to get interviewed and get hired for a job. We need people to willing to go out there, take the risk to gain more wealth in the long-run. On the Forbes's top 400 richest people list, I really admire Bill Gates, as I can see that many others do also. Simply, he is a inspiration, whether it's luck or pure hard work he founded one of the most influential inventions of mankind, the Microsoft that we use in daily basis. He dropped out of college but following his passion he made a huge difference, a big step for the world to enter a whole new age of technology, and we appreciate him a lot for that. Furthermore, not all billionaires donate their money to charities/scholarships and live in a plain house like Bill Gates. He is truly someone that I admire.
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ReplyDeleteAs of monday, finance jobs such as banking, investing, hedge funds and private equity accounted for 14 percent of the world's 500 richest people in 2015. This is disturbing news because finance wasnt always the primary source of the upper 1% income. Just 4.4 percent derived their wealth from finance, referring to a study by Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicagos Booth School of Business. The share had jumped to 20% by 2011, according to Rauh and Kaplan. Finance is a sketchy business and cannot be trusted all the time. For instance when investing in stocks, you can lose everything in a matter of seconds! And after looking at the Forbes 2014 list of the 400 richest Americans, i admire Bill Gates the most for obvious reasons. Bill gates is an extremely hard worker and seems like a man with morals due to his many donations to charity. He never seemed to lose sight of his roots even when he was swimming in the money.
ReplyDeleteOn Monday, March 2 of 2015, Forbes has reported that the finance—banking, investing, hedge funds and private equity—account for 15% of the world’s 500 richest people in 2015. And of the 15 percent, their source of wealth is obtained from engaging in financialization, which describes interlocking and reinforcing trends. The fact that of the 15%'s non-finance companies engage in making money from finance-like activities, decreases connection between the prosperity of the financial system and the economy as a whole. The increasing trend in wealth from finance will definitely cause the US economy to get worse, because this will most likely lead to more income inequality between the workers and the rich, which during this time period in our country we should be making the middle class stronger not cause a wider gap. However I do understand that most of the richest people in the world are using this method to gain profit for their company which sometimes means making risky choices such as profiting in finance activities. From the list of 400 richest Americans, I truly admire Carl Cook as a prominent man that has contributed so much to the medical field with equipment that his company provides. According to Forbes, Cook has a net worth of $6.6 billion, as of January 2015, and he certainly deserves his place in Forbes magazine because he shows so much integrity for his willingness to take over the company of his father after he died even though Carl was never pressured to take over the family business. He has kept the Carl group running well and effectively ever since he inherited his family's company, he also remains dedicated to keeping the Cook Group privately-owned.
ReplyDeleteAccording to the author 15% of the wealthiest Americans are coming from finance disturbing in our economy because, financialization which is an increase in the size and importance of the country's financial sector relative to its overall economy and the fact that non-finance companies increasingly make some money from the finance-like activities. Yes, I see the problem for the increasing trend in wealth because there's a problem. From the Forbes 2014 list of 400 I Admire Oprah Winfrey because, she's an entrepreneur to begin with, she is the richest black woman in the world, and she has her own self made television show.
ReplyDeleteThe 15% of wealthiest Americans coming from finance is disturbing in our economy because "finance has not always had such a big share of the uber-wealthy". Yes, I do believe the increasing trend in wealth from finance could be a problem for the future due to the risk in investing and banks going bankrupt. After looking at the Forbes 2014 list of the 400 richest Americans, I admire Bill Gates the most. He did absolutely everything he could to be where he is today. Nothing got in his way of achieving his dream which lead him to create Microsoft and that's really inspirational. Determination at a young age got him to create his big picture today .
ReplyDeleteAccording to the author, the 15% of wealthiest Americans coming from finance is disturbing in our economy because finance has not always had such a big share of the uber-wealthy. Finance is banking, investing, hedge funds and private equity. Of the 400 Americans on Forbes' first rich-people list in 1982, only 4.4% derived their wealth from finance. Now, it has shot up to 15% and increasing.
ReplyDeleteThe increasing trend in wealth from finance I see is a problem for the future because it influences people to start joining the financial industry. When someone knows the reason how most of Forbes' wealthiest people got their fortune, they try to do the same. When they start joining the financial industry, there would be too many people that have joined; ultimately the industry would start failing.
I admire Jeff Bezos because he started a company that does the same thing as Ebay. Ebay was like the undisputed go-to website for online selling, but then Amazon came into the picture. I admire how he started from nowhere and now competes with former undisputed go-to website.
According to the article, 15% of wealthiest Americans coming from finance are disturbing our economy because is states that "finance hasn't always been a big part of the super wealth people" and also the Financialization is putting shareholders rewards above the other interests. I believe that the increasing trend in wealth from finance could be a problem for the future In my opinion, I believe that the increasing trend of wealth from finance could be a huge problem because you can make a lot from it, like you can have the world of money but hen you can lose all that and end up with none. After looking at the Forbes 2014 list of the 400 richest Americans, I would say that I admire Bill Gates the most. Bill Gates was determined and had a vision of what he wanted. He basically worked and thrived hard to reach to his goals which lead him into making Microsoft. And because of his hard work and dedication he is one of Forbes richest list of 2014.
ReplyDeleteThe Forbes five hundred list unconcealed during a weekday, a something had been revealed regarding our economy. In this article, Forbes expressed during weekday that banking, investing, hedge funds and personal equity were accounted for fourteen % of the world's 5 hundred richest individuals in 2015. Although, per Joshua Rauh of the Stanford grad school of Business and Steven Kaplan of the University of Chicago's Booth faculty of Business, "Finance has not continually had such a giant share of the uber-wealthy. Of the four hundred Americans on Forbes' initial rich-people list in 1982, just 4.4 % derived their wealth from finance." per the author, the fifteen % of the wealthiest Americans ar returning from finance troubling our economy as a result of it's called financialization. The definition of moneyization is "interlocking and reinforcing trends: the increase in size and importance of the financial sector relative the the remainder of the economy and also the proven fact that non-finance corporations progressively build cash from finance-like activities." In my opinion, i think that the increasing trend of wealth from finance may well be an enormous downside however at a similar time may well be helpful. It all depends on luck. will|you'll|you'll be able to} build plenty from it however can lose plenty yet. when trying over the FORBES 2014 list of four hundred Richest Americans I will most undoubtedly say that i like Bill Gates the foremost. one among my family's friend was one among the founders of Microsoft and worked with Bill thereon. I will most undoubtedly say that when hearing him talk about it to Pine Tree State, he's undoubtedly a tough operating and dedicated business man. i'm unsurprised the least bit that he's one the richest individuals.
ReplyDeleteAccording to the article, the reason that 15% of the wealthiest Americans is coming form finance disturbing in our economy is because they derived their wealth from finance. Such as, banking, investing, hedge funds and private equity. I do see the problem that could cause a problem in the future, from the increasing trend in wealth from the finance. It result in the financial industry breaking away from the economy. The people of the FORBES 2014 list of 400 Richest Americans are mostly from big popular corporations, such as Microsoft, Wal-Mart, and L'Oreal. While the others are from the financial industry of hedge funds, real estate, banking, investments, and so on. According to an analysis by Joshua Rauh of the Stanford Graduate School of Business and Steven Kaplan of the University of Chicago's Booth School of Business, of the 400 Americans on Forbes' first rich-people list in 1982, just 4.4 percent derived their wealth from finance.
ReplyDeleteThe 15% of the wealthiest Americans coming from finance is disturbing our economy because "the rise in size and importance" of the financial sector relative the rest of the economy and the fact that non-finance like activities. I personally think that finance could be really risky. This is a unstable source for the future. On the list FORBES 2014 list of 400 richest Americans, I admire bill gates because out of all the people on the list he was the youngest billionaire. He is also a very caring man. He helps the poor by working to spread mobile banking that can help transform their lives.
ReplyDeleteThe article pertains to Forbes 500 list that revealed a disturbing truth about our economy. In this article, Forbes stated on Monday that banking, investing, hedge funds and private equity were accounted for fourteen percent of the world's five hundred richest people in 2015. The reason for this is because financialization is putting shareholders rewards above other interests. Personally, I don’t believe that the increasing trend in wealth deriving from finance is a problem for the future because that just means that people are focusing more of their time on things such as investing and banking, rather than on other ways to make money. From the list, I mostly admire Bill gates. Bill Gates interest in computer programming and dedication allowed him to have success with Microsoft. Because of that, he is the number one position of the richest person in America as of 2014.
ReplyDeleteThis article is about the Forbes 500 list that revealed a disturbing truth about our economy. In this article, Forbes stated on Monday that banking, investing, hedge funds and private equity were accounted for fourteen percent of the world's five hundred richest people in 2015. According to the author, the fifteen percent of the wealthiest Americans are coming from finance disturbing our economy because it is known as financialization. The definition of financialization is "interlocking and reinforcing trends: the rise in size and importance of the financial sector relative the the rest of the economy and the fact that non-finance companies increasingly make money from finance-like activities."Yes, the increasing trend in wealth from finance is a problem for the future. Financialization correlates local markets heavily to external ones, exposing them to crises of liquidity and deleveraging once external market participants enter.
ReplyDeleteA secret about our economy has been reveal. This article is about the forbes 500 . The list involves investing, hedge fund, banking that accounted for 14% of the worlds riches people of 2015 and 15% come from disturbing financial situation. With financialization is putting shareholder rewards above everyone. While as 33% of people owe over 500,000. Financialization. Correlated most of the local businesses at a heavy rates to external ones, revealing them to tge problems of liquidity once. The market volnteers join.
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