“As most people continue to batten down the financial hatches, an elite group of the world’s ‘stateless super-rich’ is blossoming, and transcending geographical boundaries to purchase properties in major cities across the globe,” reported Tanya Powley and Lucy Warwick-Ching in April at the Financial Times. They lead “nomadic, season-driven lives [with] no strong ties to specific countries.” [Emphasis added.]
At AlterNet, Sam Pizzigatti, who linked to the FT article, explains that this practice creates
… havoc in the hotspots where the stateless super rich most often gather. Their gathering, a veritable gentrification on steroids, tends to supersize prices for all sorts of local products and services — and price out local residents. The massive mansions and apartments of the stateless super rich also exacerbate local housing shortages — and constitute as assault on any healthy sense of urban community. Continue reading
Tonight, the Los Angeles Lakers will square off with the visiting Denver Nuggets in a first-round playoff Game 7 that promises to be crackling with intensity. I’m a big fan of my hometown Nugs and I expect them to bring their A games.
I also expect them to lose, no matter what, because however well prepared they are, however brilliant George Karl’s game planning, however incredibly they may shoot and rebound and defend, they’re playing 5-on-8.
Put simply, it is not in the league’s financial interest to have LA lose to Denver. Continue reading
So, here it is, Saturday morning, and I’m scanning the headlines through Google Reader while downing my second cup of java. There’s lots of news in which to be interested, of course. Most of it I can just click on and, voila, there it is. Now and again I’ll bump into a paywall. That’s okay (or maybe it isn’t?). The publishers need to make a buck somehow, right?
But what about this?
Washington Can’t Be Fixed
from Arkansas Online stories by Richard L. Hasen in Slate
I’m game. Continue reading