■ The 15-year-old son of an accused mugger met this week with his father’s alleged victim to make amends. Christian Lunsford sought out Tona Herndon—who had her purse snatched while visiting her late husband’s gravesite in Bethany, Okla.—after learning that his father, Shane, had been arrested for the crime. The teenager met with Herndon to apologize and give back $250 […]
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Minimum amount that Chinese citizens have moved into offshore bank accounts since 2002: $1,000,000,000,000
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Roger Pasquier hunts for coins on NYC sidewalks and keeps track of how much he finds. He discovered an odd consequence of everyone having a smartphone: people don’t pick up change on the sidewalk anymore. From 1987 to 2006, he averaged about fifty-eight dollars a year. Then Apple introduced the iPhone, and millions of potential competitors started to stare at […]
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Hidden Cash was a 2014 multi-city project founded by Jason Buzi and Yan Budman using the Twitter account of the same name. On May 22, 2014, Hidden Cash began hiding money in San Francisco, California and tweeting out clues using the handle. Followers were encouraged to tweet a photo of themselves with the money they found, and Hidden Cash retweeted […]
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“With money you can buy a house, but not a home. With money you can buy a clock, but not time. With money you can buy a book, but not knowledge. With money you can buy blood, but not life. With money you can buy sex, but not love.”
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Russian orphanages are a scandal, said Jennifer Rankin. State institutions house nearly 400,000 children, a population larger than many cities. But less than one third of these children are actually orphans. Many “fall into the system when their parents, often fighting a losing battle with alcohol or drugs,” lose their parental rights. Even more of them—nearly half the total—have disabilities, […]
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China’s wealth gap has widened so much that the country now one of the most unequal outside of sub-Saharan Africa. A respected Chinese institute found this week that China’s Gini coefficient, a number that represents income inequality, has soared from 0.41 a decade ago to 0.61 today. Anything over 0.5 is considered to be destabilizing, and South Africa, where opulent […]
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According to a report from Oxfam the world’s eight richest people are worth as much as the 3.6 poorest people in the world. The total of their worth is $426 billion compared to 50% of the world’s poorest at $409 billion. The billionaires included in this list are Bill Gates ($75 billion), Warren Buffett ($61 billion), and Mark Zuckerberg ($45 […]
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