RSS Feed     Twitter     Facebook

Posts Tagged ‘wealth’

A link between wealth and breeding: The best of all possible worlds?

It was once a rule of demography that people have fewer children as their countries get richer. That rule no longer holds true

ONE of the paradoxes of human biology is that the rich world has fewer children than the poor world. In most species, improved circumstances are expected to increase reproductive effort, not reduce it, yet as economic development gets going, country after country has experienced what is known as the demographic transition: fertility (defined as the number of children borne by a woman over her lifetime) drops from around eight to near one and a half. That number is so small that even with the reduced child mortality which usually accompanies development it cannot possibly sustain the population.

This reproductive collapse is particularly worrying because it comes in combination with an increase in life expectancy which suggests that, by the middle of the century, not only will populations in the most developed countries have shrunk (unless they are propped up by historically huge levels of immigration) but also that the number of retired individuals supported by each person of working age will increase significantly. If Mikko Myrskyla of the University of Pennsylvania and his colleagues are correct, though, things might not be quite as bad as that. A study they have just published in Nature suggests that as development continues, the demographic transition goes into reverse. …

Should I ditch my secret millionaire?

A reader wonders whether finding out about her new boyfriend’s hidden wealth will jeopardise their relationship

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in Saturday’s paper.

This week’s question

I have been seeing a lovely guy I met on a dating website. We get on ridiculously well but, unknown to him, I’ve found out he’s a millionaire. I’m uncomfortable that our lives are so very different, and worry he might see me as a “gold digger”. My friends say I’m in a flap about nothing and it’s a no-brainer! How do I resolve this? Do I finish it? Or am I being prejudiced against the rich?

What are your thoughts?

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Argentina’s first couple get rich quick

They were elected on the promise of delivering prosperity to Argentina, but statistics showing a stunning economic turnaround have come with a catch.

New figures show that since Nestor and Cristina Kirchner came to power in 2003, they have presided over a remarkable sixfold increase in their own wealth.

The couple have racked up a fortune through property speculation and investments that have thrived even as the economy has faltered. Last year alone their wealth jumped 158% to £7.3m.

Opponents have accused the Kirchners of exploiting political connections in their home state of Patagonia to buy municipal land cheaply and sell it at a vast profit. “It’s a scandal,” said Patricia Bullrich, a member of congress.

The couple, lawyers by training and leftists in the Peronist movement, denied any wrongdoing and through a spokesman said that being in office did not impede business deals: “That is the essence of capitalism.”

In an unusual tandem, Nestor served as president until 2007 when he stood aside for his wife, a veteran senator and politician in her own right, who was elected in the first round over a divided opposition.

They were popular for presiding over a speedy recovery after Argentina’s econnomic meltdown in 2001-02. But underlying problems became apparent after “Queen Cristina”, as she is known to some, took over.

Analysts said inflation was perhaps triple the official rate of 9%, a figure widely viewed as a product of government fiddling, and a bruising battle with farmers over export taxes was compounded by a drought. After six consecutive years of steady growth the IMF expects GDP to shrink by about 1.5% this year. Industrial activity has slumped.

With their own party riven by in-fighting, the Kirchners lost control of congress in mid-term elections last month. In their Patagnonian fiefdom, however, they have notched up property deals that would have made Donald Trump proud.

According to information the couple supplied to the anti-corruption office, they own 28 properties valued at $3.8m, four companies worth $4.8m and bank deposits of $8.4m. Last year they sold 16 properties, almost tripling their bank accounts, and expanded their hotel business in El Calafate, a tourist magnet. Their debts also jumped because of bank loans.

Local authorities have investigated transactions over suspicions that a mayor had given the Kirchners a bargain price for municipal land, but the case has stalled.

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Leslie Pratch, Ph.D.: Information Asymmetries Part 1

If parties are not mutually and equally well informed, those with more information are likely to wind up with all of the wealth and those with less information will wind up with none of the wealth.

Michael Strong: The Most Progressive Movement on the Planet

What if we could apply the power of creativity, innovation, and entrepreneurship to the problem of poverty reduction?

Don McNay: Powerball Jack, Michael Jackson, and Uncontrolled Wealth

Stop! the love you save may be your own. Darling, take it slow Or some day you’ll be all alone. -Jackson Five July 5,…

Mainstream News Organizations Entering the Web’s Link Economy Will Shift the Balance of Power and Wealth

The New York Times published an article this week about mainstream news organizations embracing link journalism and news aggregation. Gawker and others scoffed that they are late to the game, which they are, but that misses (predictably) the BIG story.
If news orgs like the NYT, Washington Post, and hundreds of newspaper sites start linking to [...]