Hey internet friends. Great news...America has more 401(k) millionaires than ever before! Hooray...but there's one little thing: one million dollars today doesn't buy what it did six years ago in 2020. On top of that, the money Americans set aside for retirement may be funding the destruction of America. For decades, we've been told that the 401(k) represented independence, ownership and a security. Meanwhile, trillions of dollars flowed into a small group of "asset managers" like Larry Fink with the power to influence American companies, energy policy, infrastructure and even the federal government itself. In this video, we follow the money from the disappearance of traditional pensions to the coal antitrust case involving BlackRock,…
Finance professionals have shed their post-2008 villain status in New York's social and dating scenes, and the people who know the city's nightlife best say Silicon Valley deserves the credit, for all the wrong reasons. A decade ago, a young banker in Manhattan hid his business cards at parties. The trading floor was social poison. […] The post Wall Street is cool again — and the tech industry's fall from grace made it happen appeared first on American Almanac .
Finance professionals have shed their post-2008 villain status in New York's social and dating scenes, and the people who know the city's nightlife best say Silicon Valley deserves the credit, for all the wrong reasons. A decade ago, a young banker in Manhattan hid his business cards at parties. The trading floor was social poison. Clubs turned suits away at the door. Soho House famously asked members not to bring Wall Street types to drinks. Venues like Don Hill's and Socialista were, in the words of one nightlife executive, "mostly forbidden" territory for anyone who smelled like a Bloomberg terminal. That era is over. The New York Post reports that finance workers are now welcomed, even courted, at the city's most exclusive clubs,…Open
After decades as a coveted address in Syracuse, N.Y., the sprawling Nob Hill complex descended into neglect, squalor and death. One family paid a terrible price.
Former Walt Disney Company CEO Bob Iger and businessman Josh Kushner are buying the Los Angeles Lakers.
AI:In a massive consolidation of media and sports power, former Disney CEO Bob Iger and billionaire businessman Josh Kushner have reached an agreement to purchase the Los Angeles Lakers. This blockbuster acquisition places one of the most valuable franchises in professional sports under the control of two high-profile figures deeply embedded in the intersection of global entertainment and private equity. Following previous reports regarding the Kushner family's expansive financial interests, this deal underscores a significant shift in ownership as record-breaking sale prices continue to redefine the landscape of major sports assets.Open
An anonymous source now claims Keith Urban feels "relieved" that ex-wife Nicole Kidman has moved on with private equity investor Michael Reinstein, directly contradicting an earlier report that the country singer was "absolutely devastated" by the pairing. The whiplash between the two claims landed days apart. Earlier this week, an unnamed insider told reporters that […] The post Keith Urban reportedly relieved Nicole Kidman found new romance after guilt over ending marriage appeared first on American Almanac .
An anonymous source now claims Keith Urban feels "relieved" that ex-wife Nicole Kidman has moved on with private equity investor Michael Reinstein, directly contradicting an earlier report that the country singer was "absolutely devastated" by the pairing. The whiplash between the two claims landed days apart. Earlier this week, an unnamed insider told reporters that Urban could barely handle seeing photos of Kidman, 59, spending time with Reinstein in Portofino, Italy. That source said Urban "had secretly hoped he and the 'Big Little Lies' star might eventually reconcile." Then a different insider offered a sharply different account to Page Six : Urban is at peace, carries no jealousy, and actually wanted the marriage to end. Both…Open
