Word: richness
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Inheritance tax used to make the news only when it forced once super-rich dynasties to flog their heirlooms after the head of the family died. But suddenly, death is getting expensive for a much larger number of Europeans, and that's starting to attract the attention of politicians and headline writers across the Continent. Furious discussions about whether to limit, amend or suppress inheritance taxes broke out last week in both Britain and France. In Italy, meanwhile, there's controversy and skepticism about plans by the new government[an error occurred while processing this directive] of Romano Prodi...
...feature films during his 30-year showbiz career. But he's best known now as the rabble-rouser behind politically charged attacks on Rupert Murdoch's Fox News (Outfoxed), big-box department stores (Wal-Mart: The High Cost of Low Price) and now the mercenary and munitions companies getting rich off of U.S. Defense Department contracts. Iraq for Sale: The War Profiteers will open the same innovative way Greenwald's previous documentaries have screened - in a select few theaters starting September 8th, a DVD release mid-month, and later thousands of grass-roots "house parties" where the documentary video...
...your grades are or how many projects you have worked on, what really counts are soft skills such as likability and positive attitude. But will all those guys with winning personalities manage to keep companies up and running? Ines Bouhannani Shannon, Ireland Iconic Wannabe time's verbatim column quoted rich socialite Paris Hilton, who said, "Every decade has an iconic blond like Marilyn Monroe or Princess Diana, and right now I'm that icon" [July 31]. Was she kidding? Hilton couldn't hold the handbags of those women. They were just as beautiful on the inside as on the outside...
...second quarter of this year was generated by private-banking operations. While retail banks must focus on volume by hawking me-too products to millions of less-wealthy customers, private banks can rack up bountiful revenues by offering a wide range of lucrative services to a smaller number of rich and superrich clients. It's not uncommon for a top private banker to thrive with as few as a dozen clients, who are happy to pay richly for personal guidance on such esoteric matters as, say, reducing taxes, setting up a low-risk-high-return hedge-fund portfolio, investing...
...region's growing wealth, the seeds of the boom were sown not by prosperity but by adversity. In the past, Asians have tended to manage their money without professional help, and to stash a lot of it conservatively in cash, savings deposits and real estate. "The Asian rich have had a high propensity to hold cash," says Scott of BCG. "That was why private banking didn't take off for a long time in Asia." But several economic shocks?including the tech-stock crash of 2000 and the 9/11 terrorist attacks the following year?prompted the world's central bankers...