The population of wealthy young people is growing, the report finds. And they’re getting richer: “By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in the Great Transfer of Wealth.”
The “Great Wealth Transfer” refers to the trillions of dollars that will be passed down to millennials from their baby boomer parents, who are considered the wealthiest generation in history.
Almost half, 44%, of the millennial millionaires are concentrated in California. That’s “consistent with the general millionaire population,” the report says, adding that “the Golden State also has the highest percentage of business owners (23%) and the highest […]
Monday, October 21st, 2019
Peter Valdes-Dapena, - CNN Business
Stephan: The reality of the transition from carbon to non-carbon is happening, driven by the market, in spite of the politics. Okay, it is nothing more than greed in service to itself, but the earth doesn't care, and in the short-term we all benefit. So in a perverse way this is good news.
Unlike Tesla, though, Ford didn’t build this charging network on its own. Working with EV charging companies Greenlots and Electrify America, Ford has created what it calls the FordPass Charging Network. When needed, users will be directed to one of the network’s chargers using an app or in the vehicle’s central touch screen.
Next year, Ford will begin selling an electric crossover SUV with styling based on the Ford Mustang. It’s the first vehicle Ford has ever offered that was designed, from the outset, as an electric vehicle. That vehicle has not been unveiled yet. An
electric version of the Ford F-150 pickup is also being developed.
The FordPass network will include more than 12,000 charging stations with a total of […]
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Sunday, October 20th, 2019
The Editorial Board, - The New York Times
Stephan: One of the central problems facing America's democracy is that we are historically a two-party system only now we no longer have a viable two-party system. The Republican Party has become the racist political arm of a christofascist cult.
You can see this in the failure of their response to the almost comically blatant criminality of Trump.
The New York Times, lays it out pretty well.
The period between today and the next election will, I think, reveal to us the future of America's democracy, and it is going to depend on you, your family and your friends. Only citizen action will save America. Start working, I am.
Is it possible to achieve our goal? Read the morning's headlines and notice that Trump has abandoned the grift of using the Doral for the G-7 meetings. Nothing but citizen outcry scared the Congress and caused this.
At the Peace Monument near the United States Capitol, Grief weeps on the shoulder of History.
Credit: Damon Winter/The New York Times
In the summer of 1950, outraged by Joseph McCarthy’s anti-Communist inquisition, Margaret Chase Smith, a Republican senator from Maine, stood to warn her party that its own behavior was threatening the integrity of the American republic. “I don’t want to see the Republican Party ride to political victory on the four horsemen of calumny — fear, ignorance, bigotry and smear,” she said. “I doubt if the Republican Party could — simply because I don’t believe the American people will uphold any political party that puts political exploitation above national interest. Surely, we Republicans aren’t that desperate for victory.”
Senator Smith surely knew her “Declaration of Conscience” would not carry the day. Her appeal to the better angels of her party was not made in the expectation of an immediate change; sometimes the point is just to get people to look up. In the end, four more years passed […]
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Russian biologist Denis Rebrikov is one step closer to creating CRISPR babies.
There are approximately 618,000 “millennial millionaires” — those with a net worth of over $1 million — in the United States, according to a 
