Sunday, July 3, 2016

Asian Millionaires Now Control More Wealth Than US Millionaires -- Forbes -- July 3, 2016

Link here.

HNWI: high net worth individuals; high net defined as greater than $1 million in assets.

The figure "$1 million" seems incredibly low to be called "high net worth" considering the market value of homes in parts of the US. It's possible this definition does not include one's primary residence based on this paragraph:
Asian millionaires now control more wealth than those in North America, primarily driven by financial services, technology and healthcare. Capgemini found that Asia’s millionaires were worth $17.39 trillion at the end of 2015, slightly ahead of North America’s $16.61 trillion.
Whatever.

The second thing that jumped out at me: this was driven by China and Japan. We've been told for the past year how badly the Chinese economy has been doing; and, we've been told for decades how Japan's economy has simply stagnated. Whatever. China and Japan apparently "outscored" the energy center of gravity, Canada, the US, and Mexico. 

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WikiLeak Factoid

In 2015 Hillary Clinton's campaign HQ moved to 1 Pierrepoint Plazza just a few floors under DoJ head Lorreta (sic) Lynch. 

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Fox Poll Registered Voters

By a 40% to 20% margin, or greater gap -- broadly speaking -- US registered voters said these three things would make the US safer (or I suppose, at least make them feel safer):
  • profiling 
  • more guns
  • temporary ban on Muslims entering the US
My question: with an administration "open-door" policy along the Mexican border (Texas, Arizona, California) why do we even have "passport control" at JFK, DFW, LAX, MIA? Even SecState John Kerry says it will be a borderless world. Or already is, depending how one parses his speech.

The immigrant song, or is it the immigrant's song?

Immigrant Song, Karen O With Trent Reznor and Atticus Ross

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