10 of the World's Most Insanely Luxurious Houses - Oddee.com (luxurious house, amazing houses) Antilla, Mumbai - The first Billion dollar home Mukesh Ambani, the fifth richest man in the world and head of the Mumbai based petrochemical giant Reliance Industries is estimated to be worth somewhere in the region of $43 billion. He is also the owner to-be of a 27-story skyscraper in downtown Mumbai that is to cost him colossal $2 billion! His wife Nita Ambani was staying in the Mandarin Oriental in New York and was so impressed with the interior Asian style decor that she wanted something similar for her to live in. What resulted from that is the world's largest and most expensive home ever. Updown Court, England - The most important private residence to be built in England since the 19th century ($150 million) Updown Court is situated only 25 miles from London, and through a pair of large sophisticated iron gates, one can see a palatial construction of immense scale and beauty. Versailles, Florida - The largest family home ever built in the US
Finding Freedom in Handcuffs - Chris Hedges' Columns Finding Freedom in Handcuffs Posted on Nov 7, 2011 By Chris Hedges Truthdig columnist Chris Hedges, an activist, an author and a member of a reporting team that won a 2002 Pulitzer Prize, wrote this article after he was released from custody following his arrest last Thursday. Faces appeared to me moments before the New York City police arrested us Thursday in front of Goldman Sachs. I carry these faces. A glass tower filled with people carefully selected for the polish and self-assurance that come with having been formed in institutions of privilege, whose primary attributes are a lack of consciousness, a penchant for deception and an incapacity for empathy or remorse. We seemed to have lost, at least until the advent of the Occupy Wall Street movement, not only all personal responsibility but all capacity for personal judgment. Get truth delivered to your inbox every week. Previous item: Bloomberg vs. Next item: Away With Objectivity New and Improved Comments
the capitalist network that runs the world - physics-math - 19 October 2011 AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable. The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). "Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. The Zurich team can. So, the super-entity may not result from conspiracy. 1. (Data: PLoS One)
The New Forbes 400 — and Their $1.5 Trillion America’s 400 richest now hold a fortune almost as large as their 2007 pre-Great Recession record. By Sam Pizzigati How swell a year have America’s 400 richest enjoyed over the past 12 months? Forbes has been publishing an annual list of America’s 400 richest ever since 1982. Every deep pocket on this year’s Forbes 400 list ranks as a billionaire. Forbes, year in and year out, does a wonderfully thorough job of gauging the individual fortunes of America’s most fortunate. The basic numbers from all this research: As of the end of last month, August 26 to be exact, America’s top 400 held a combined $1.53 trillion in personal wealth, a total 12 percent up from last year — and not that far off the top 400 all-time high, $1.57 trillion, set in 2007, the year before the Great Recession hit. These massive numbers impress. In other words, every deep pocket on this year’s Forbes 400 list ranks as a billionaire. Now these comparisons, to be sure, don’t take inflation into account.
Goldman Sachs to Employees: Avoid Occupy Wall Street - US Business Blog Goldman headquarters is at 200 West Street in New York City is just about 1,000 yards from the park where protesters have been encamped since Sept. 17. Until recently, it was possible to see the square from some offices in Goldman’s headquarters. Recent construction has blocked the view. “I was going to come down to say hello yesterday,” one of my Goldman sources wrote to me on Wednesday. At least five others have related similar stories. None of the people I spoke with knew whether their was an official policy against going to the park. “It feels officially unofficial,” one person said. A spokesman for Goldman declined to comment. Questions?
My Soapbox Advice to the OWS Movement and then some I may not know much, but I know a lot of it. So I decided to share my opinions and thoughts on what I would do if the OWS movement either elected me Grand Poobah or asked for my advice: 1. The Great Lie of Wall Street. Every CEO tells the same great white lie. Great CEO White Lie = “We are acting in the best interests of shareholders.” When a CEO utters this lie, everyone automatically forgives whatever they do. The problem is that unless the company is losing money and it is the only way to keep the company alive, in this era of 9.1pct unemployment it NEVER is in the BEST INTEREST OF SHAREHOLDERS. Shareholders , whether they own shares directly or through mutual funds or pensions do not live in a corporate vacuum. If OWS really wants to change corporate structure and impact the economy, talk to shareholders. You might even consider buying a share of stock. 2. Those personal guarantees would change EVERYTHING in the banking industry. 3. Crazy ? 4. Fixing Executive Compensation Why ?
Forbes list of billionaires (2011) The World's Billionaires is an annual ranking of the world's wealthiest people, compiled and published by the American business magazine Forbes in March. The total net worth of each individual on the list is estimated, in United States dollars, based on their assets and accounting for debt. Royalty and dictators whose wealth comes from their positions are excluded from these lists.[1] The list has been published each year in March since 1987.[2] Microsoft founder Bill Gates has topped the list 16 of the past 21 years, including the 2015 list. Methodology[edit] Each year, Forbes employs a team of more than fifty reporters from a variety of countries to track the activity of the world's wealthiest individuals.[5] Preliminary surveys are sent to those who may qualify for make the list. Family fortunes dispersed over a large number of individuals are included only if those individuals' holdings are worth more than a billion dollars. 2015[edit] 2014[edit] 2013[edit] 2012[edit] 2011[edit] General
The Audacity of Occupy Wall Street A few years ago, Joe Therrien, a graduate of the NYC Teaching Fellows program, was working as a full-time drama teacher at a public elementary school in New York City. Frustrated by huge class sizes, sparse resources and a disorganized bureaucracy, he set off to the University of Connecticut to get an MFA in his passion—puppetry. Three years and $35,000 in student loans later, he emerged with degree in hand, and because puppeteers aren’t exactly in high demand, he went looking for work at his old school. The intervening years had been brutal to the city’s school budgets—down about 14 percent on average since 2007. A virtual hiring freeze has been in place since 2009 in most subject areas, arts included, and spending on art supplies in elementary schools crashed by 73 percent between 2006 and 2009. So even though Joe’s old principal was excited to have him back, she just couldn’t afford to hire a new full-time teacher. About the Author Richard Kim Also by the Author
Jeffrey Sachs: Budgetary Deceit and America's Decline As I shuttle between East Africa, where a severe drought threatens the lives of more than 10 million people, and Athens, where a financial crisis threatens Greece and all of Europe, I am shocked by the U.S. budget negotiations between Congress and President Obama. Every part of the budget debate in the U.S. is built on a tissue of willful deceit. Consider the Republican Party's double-mantra that the deficit results from "runaway spending" and that more tax cuts are the key to economic growth. Republicans claim that the budget deficit, around 10 percent of GDP, has been caused only by a rise in outlays. This is blatantly untrue. The deficit results roughly equally from a fall of tax revenues as a share of GDP and a rise of spending as a share of GDP. On both sides of the ledger -- spending and taxes -- part of the shift results from the weak economy ("cyclical factors") and part from long-term trends. Taxation is lower also because of short-term factors and long-term factors.
Occupy Wall Street: Thoughts from a Member of the One Percent « Venture Capital I walked from the West Side Highway to Chinatown yesterday in the early afternoon. I passed not one, but two marches uptown to Times Square and walked along with them for a while. New York City is in the throes of the OccupyWallStreet protests. What was most noticeable to me was not the protestors and their signs and chants; it was the amount of police accompanying them. I’ve been thinking a lot about this movement, what it means, and what it could lead to. I spent a good part of Thursday afternoon in Zuccotti Park. I empathize with the basic complaint of the #OWS movement – that the rich are getting richer and everyone else is getting poorer. And I’ve got issues with some of the subgroups in the #OWS movement. Our institutions are failing us. And yet, I’m an optimist. So much depends on what we get out of this growing desire for change.
Aaron Peeters: The movement that needs no name Keith Kahn-Harris recently wrote about the genesis of a movement that is currently underway and represents no less than a “...spectre ...haunting the early 21st century world”. Kahn-Harris observes that this movement possesses the ability to radically transform the world as we know it, and yet he notes, it does not yet recognize itself as a movement. The 'Movement' and the Twilight of Neo-Liberalism: I agree with many of the basic propostions put forward in Naming the Movement, most notably the fact that we are seeing increased discontent in the OECD (read 'Western') countries with a world where social relations and civic institutions are entirely subordinate to profit and economic returns, “...the movement is born out of a sense of frustration (explicit or implicit by turn) with the tendency of the contemporary world to fragment communities, to make education into a purely instrumental exercise, to accord everything a measurable price. Tecno Brega: part of the movement?
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