When George W. Bush assembled his first Cabinet in 2001, news reports dubbed them a team of millionaires, and government watchdogs questioned whether they were out of touch with most Americans’ problems. Combined, that group had an inflation-adjusted net worth of about $250 million — which is roughly one-tenth the wealth of Donald Trump’s nominee for commerce secretary alone.
Read the Full Article: Source – The Washington PostRead More
Time For Truth: (The Washington Post) – Donald Trump is assembling the richest administration in modern American history
The U.S. is home to a working class suffering from stagnant incomes and declining job prospects—widespread struggles that helped elect Republican Donald Trump. The relative wealth of Americans in all age groups keeps falling, compared with previous decades.
Read the Full Article: Source – BloombergRead More
Time For Truth: (Bloomberg) – Cheer Up, America: 1,700 Millionaires Are Minted Every Day
Back in the 1960s, Sheffield was still booming, with many thousands employed in making a product that had underpinned Britain’s industrial strength for centuries; steel.
At the same time, half a world away in China, a young salesman had found a niche market with the material of choice for one of the poorest countries on the planet.
Vermont Sen. Bernard Sanders, the self-described democratic socialist, is going to win the 2016 general election if all those who care for America do not wake up and smell the Sanders’ burn. He is absolutely on fire. And the American dream, the American hope, the American economic engine, the American employment rate, the American military, the unparalleled American health care will all go up in flames. The United States of America will simply implode. It is the sacking of Troy. This is a really good time for everyone to run, not walk, to buy a copy of Ayn Rand’s “Atlas Shrugged” and read it — quickly.
A Saudi millionaire has been cleared of raping a teenager after claiming he might have accidentally penetrated the 18-year-old when he tripped and fell on her.
Property developer Ehsan Abdulaziz, 46, was accused of forcing himself on the girl as she slept off a night of drinking on the sofa of his Maida Vale flat.