Word: netful
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...their parents' homes after collecting their degrees, and that cushion of support gives them the time to pick the job they really want. Taking time off to travel used to be a résumé red flag; today it's a learning experience. And entrepreneurship now functions as a safety net for this generation. They grew up on the Internet, and they know how to launch a viable online business. Facebook, for example, began in a college dorm room...
PHILANTHROPY The world's millionaires gave less than 1% of their net worth to charity, though the net amount of money --and time--donated has increased. For the rich...
These holes in the safety net are alarming public-health experts. China is the No. 1 exporter of seafood to the U.S.-- $2 billion worth last year--and has a troubling rate of violations. In 2006 nearly two-thirds of the seafood shipments that were turned back from U.S. ports because of residues of FDA-nonapproved drugs came from China, reported Food & Water Watch. The residues included malachite green, which kills fungus on fish--and causes tumors in lab rats...
...appeal, of course, can be intense. Blue-chip private equity firm the Blackstone Group, which sold 12% of itself to the public on June 22, has returned an annualized 30% over the past 20 years to the pension funds, endowments and high net-worth individuals invested in its flagship private equity portfolio. On the first day of trading, Blackstone's public shares surged...
...Despite all that downside, there is some reason to think you're not necessarily a fool for jumping in. Holders of Blackstone "units" include the Chinese government and insurance giant AIG. At least two Blackstone directors have bought shares in the open market, though insiders are, by far, net sellers. Still, plenty of on-lookers have warned that if the super-savvy billionaires who run Blackstone are selling some of their stake in the company, you don't want to be on the buying end of that transaction. But if that logic really held up, you'd never want...