The Week (October 29)
“The president has precious little time to turn around the fortunes of his re-election campaign,” but he instead seems “bent on alienating as many voters as possible in the campaign’s closing days by flouting public health guidelines, babbling convoluted innuendo about Hunter Biden, and ignoring the increasingly desperate plight of Americans teetering on the edge of disaster.”
Tags: Alienating, Babbling, Campaign, Desperate, Flouting, Fortunes, Guidelines, Innuendo, President, Public health, Re-election, Voters
Reuters (August 18)
“Short-sellers who made their names and fortunes wiping billions off Chinese and Southeast Asian companies are setting their sights on Japan after a series of accounting scandals amplified concerns about weak corporate governance there. Until recently, corporate managers in Japan have enjoyed relatively limited scrutiny of their governance standards and accounting rigor.”
Tags: China, Corporate governance, Fortunes, Japan Accounting scandals, Scrutiny, Short sellers, Southeast Asia, Standards, Weak
Financial Times (October 31)
“In the past 10 years, South America never had it so good” as economies soared, fortunes were made and poverty fell. Now, however, “there is a new sense of anxiety” as China’s economy slows and commodity prices drop. “Like all good things… the party is ending.”
Tags: Anxiety, China, Commodity prices, Economy, Fortunes, Poverty, South America
Barrons (January 3)
During the 2012 “ebb and flow of fortunes,” several shifts took place among ultra high net worth (UHNW) individuals. UHNW individuals have a net worth of $30 million and up, and their numbers increased by 0.6% to 187,380 in 2012. Their $25.8 trillion in combined wealth “is roughly double the U.S.’s GDP.” In general, UHNW individuals did better during 2012 in the U.S., where fortunes were up, than in Asia, which lost 2.1% of its UHNW members and 6.8% of its collective net worth. Australia, New Zealand and the rest of Oceania witnessed “the highest percentage of growth in its UHNW population, up an impressive 5.9%,” with overall wealth rising 4.4%.
