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...analogy, because money isn't flowing from poor people's pockets straight to the rich: the pie is getting bigger for everyone. From 2000 to 2005, pretax income for the bottom half grew 15.5%. The rich just got a larger cut of overall growth (a 19% gain for the richest 1%). Perhaps better, then, to call it the big-slice theory...

Author: /time Magazine | Title: Dashboard: Nov. 5, 2007 | 10/25/2007 | See Source »

...with projections of Fendi's double F logo. Before the first ever fashion show to be held on the structure, Arnault and his wife, Hélène stopped to snap their own photos of the views and TIME's Marion Hume talked to the world's seventh richest man about luxury in China...

Author: /time Magazine | Title: Q&A with Bernard Arnault | 10/24/2007 | See Source »

...when and where is not clear, but when the dust clears, she’ll be table-dancing at the ’Poon…No poon was had by one foolish senior last weekend, when he missed his chance to score one of Florida’s richest bitches due to incessant cuddling with his straight male roommate…SPOTTED: Spurned sorority girl rigging costume contest at Halloween party to deny her ex, who attended with another member, the glorious title of champion. Is there a prize for sad? And who are we? That?...

Author: NO WRITER ATTRIBUTED | Title: Chatter | 10/24/2007 | See Source »

...otherwise forbidden as usury by the Church at the time. The journal American Banker wrote in 1990 that "a good case can be made for crediting [the Templars] with the birth of deposit banking, of checking, and of modern credit practices." It certainly made them some of Europe's richest and most powerful financiers. The Templars have been described as taking crown jewels and indeed entire kingdoms as mortgage for loans, and they maintained major branches in France, Portugal, England, Aragon, Hungary and various Mid-Eastern capitals. The group controlled as many as 9,000 estates, and left behind hundreds...

Author: /time Magazine | Title: The Vatican and the Knights Templar | 10/24/2007 | See Source »

...Like the ancient Greeks who traveled hundreds of miles to hear the Oracle of Delphi, so went 98 Harvard students this weekend in search of business wisdom from the Oracle of Omaha—Warren Buffett.Buffett, whose estimated $52 billion fortune makes him the second-richest person in the world according to Forbes, spoke with about 20 other American business leaders on topics that ranged from formulating business strategy to balancing personal and professional interests.“Unconditional love is the most powerful force in the universe,” Buffett said. “I got unconditional love...

Author: By Prateek Kumar, CONTRIBUTING WRITER | Title: Students Make Buffett Pilgrimage | 10/22/2007 | See Source »

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