Word: superrich
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...superrich built themselves palaces on New York City's Fifth and Park avenues, which were much satirized. But the red-hot site of Gilded Age extravagance was Newport, Rhode Island, where the very rich congregated in the summer. Here, in what they called with false modesty their "cottages," they engaged in rituals of consumption and display that were so extreme, competitive and self-referential that they eclipsed anything done in private American building before or since. Newport confirms the piercing insight of Henry Adams, lamenting the crassness of his time: "The American wasted more money more recklessly than anyone ever...
...therapies are of little use to 90% of the people suffering from the disease. In Africa, India, Thailand and to a growing extent Central and Eastern Europe, the treatment's price tag of up to $20,000 a year puts it way beyond the grasp of all but the superrich. "With this discovery, the AIDS gap only becomes wider," laments Dr. Peter Piot, executive director of the U.N.'s AIDS program. To most AIDS researchers, it has become painfully obvious that drugs of any kind, no matter how effective, are not the solution to the world's deadliest epidemic...
...wear T shirts and jeans. Rather than jet to Tahoe for the weekend in their Gulfstream, they are liable to be with the kids at the neighborhood soccer league. Running-shoe chic is often a pose in Hollywood and Silicon Valley, but this modesty appears genuine. Today's newly superrich are models of free enterprise, except for one thing: they don't seem all that interested in money...
...soap opera of the superrich, Haft family's feuding should be enough to make at least one publisher rush out a quicky version of the tangled tale of father vs. son and love turned sour. Wrong. One author's proposal has been turned down by an astounding 18 publishers, and a couple of other writers have been shut out. Seems some properties are too hot to handle: nobody wants to be iced out of the Haft's giant Crown bookstore chain -- or to get on their hefty list of those being sued...
...There's the energy tax. The tax on the superrich. The increased corporate income tax. Sin taxes. And now, much as they hate to, the people who once promised no more taxes on the middle class are considering just that: a value-added...