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Certainly, there are common traits, say the authors. Central to understanding today's superwealthy (average age: 47) is recognizing their essentially middle-class mind-set. Less than 5% inherited their wealth. In fact, say the authors, "they are undeniable proof that the American Dream of unrestricted social mobility in a single lifetime is alive and well." They are usually practitioners of what this book refers to as "stealth wealth--having money, but keeping it under the radar...

Author: /time Magazine | Title: Business Books | 8/28/2008 | See Source »

...believes city officials have exaggerated the area's criminality and placed its entire sex industry under suspicion. "I make so much money I would be crazy to do anything illegal," he says, sitting at a computer in which he stores personal files on dozens of prostitutes - including the necessary proof that they are over 21 and allowed to work in the European Union. Gharbi can earn thousands of euros a day by renting out 32 rooms to prostitutes in three eight-hour shifts; he keeps 15% and gives the rest to the two absentee building owners. The women charge their...

Author: /time Magazine | Title: Vice Versa: Amsterdam Cleans Up | 8/27/2008 | See Source »

...like drug maker Sanofi Pasteur, which now occupies space in a former Woolworth department store. Last year, the Yankees moved its AAA farm team here from Columbus, Ohio; in May, Money magazine named Scranton one of the ten fastest-growing real estate markets in the country. This growth is proof of Doherty's mantra: If you make it nice, they will come. The mayor and other local leaders have funneled millions of dollars into the city's parks and local historical attractions and museums, betting that aesthetic improvements will draw business investment. "People make choices on where they want...

Author: /time Magazine | Title: Can Obama Win Biden's Hometown? | 8/27/2008 | See Source »

...surfaced, the FIG had looked at the passports of the gymnasts and declared itself satisfied that the girls were at the lower-age limit of 16, not 14, as some earlier news reports on the girls had noted. Now, the FIG is asking the Chinese Gymnastics Association for further proof of the athletes' ages. The United States Olympic Committee also sent a letter to the IOC on Friday asking that the issue be resolved. The U.S. women finished second to Chinese in the team event on August 13. "USA Gymnastics has always believed this issue needed to be addressed...

Author: /time Magazine | Title: Can Science Tell a Gymnast's Age? | 8/23/2008 | See Source »

...will it? At the moment, the only proof that IOC and FIG officials can rely on will be registration documents from previous competitions, or birth records of the girls' that would show different birth dates. Biologically, says Dr. David Sinclair, a pathologist at Harvard Medical School who studies the aging process in animal models and people, "There are many possible methods to determine age, but they are not very accurate. The error is about two years." Most of these are also based on forensic approaches and have not used to screen for age in living people. In some cases, current...

Author: /time Magazine | Title: Can Science Tell a Gymnast's Age? | 8/23/2008 | See Source »

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