Word: trusts
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...plenty of anecdotal evidence that cosseted offspring can lack the thrift, independence, ambition, persistence and entrepreneurial spirit that contributed to their parents' success. Most people have heard of the "shirtsleeves to shirtsleeves" curse, which holds that family wealth, once accumulated, is typically dissipated by the third generation because trust-fund babies, having little regard for the money that has come to them without toil, lack the motivation to strive. It's a worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money...
...Children. "They grow up worried inside, thinking, 'Do people like me for who I am?'" says Jon. "It's about developing an identity of their own that's separate from their parents and their parents' money." Being born into wealth often means having a nanny, maid, driver and bank trust officer - in other words, having a staff of people to solve all of your problems. "Sometimes very wealthy parents use money to fill in potholes in the roads so that kids don't have to deal with problems," says Jon. "But dealing with the potholes is how you learn about...
...Sarah Palin have counted on this racial motivation to help them overcome the consequences of their poorly run campaign. But we must now factor in an even more potent quotient: the Obama effect - that quality whereby the more you get to know a politician, the more you like and trust him or her. Across the board, Obama's ratings have steadily increased with key groups that had been cool toward him before. Likewise, regarding key questions - like, Whom do you trust to improve the economy, be Commander in Chief, handle taxes or handle the housing crisis? - Obama leads McCain...
...Sarah Palin have counted on this racial motivation to help them overcome the consequences of their poorly run campaign. But we must now factor in an even more potent quotient: the Obama effect - that quality whereby the more you get to know a politician, the more you like and trust him or her. This likability and perceived trustworthiness continue to grow over time. Across the board, Obama's ratings have steadily increased with key groups that had been cool toward him before. Likewise, regarding key questions - like, Whom do you trust to improve the economy, be Commander in Chief, handle...
...trust her completely." - Barack Obama, describing his relationship with Jarrett (Chicago Tribune, July...