Wealth

G-20 countries are “weak” and have moved “too slowly” in improving transparency over financial secrecy two years after the Panama Papers revealed how wealthy individuals hide their money, an international corruption watchdog said Thursday. Transparency International warned that 10 G-20 nations have “very weak” legal frameworks that do little to help law enforcement officials and
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Facebook may be under attack for not protecting user privacy. But it’s spending a fortune to protect Mark Zuckerberg. According to a security filings, Facebook spent $7.3 million last year “for costs related to personal security for Zuckerberg at his residences and during personal travel pursuant to Mr. Zuckerberg’s overall security program.” That marked a
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And even though the children were given small allowances, they were always encouraged to donate a portion to charity (usually at church) and to account for every expense. The practice dates back to John. D. Rockefeller’s famed “ledger,” in which he tracked every penny that he earned and spent. “Like a lot of other boys,
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The eighth edition of the Singapore Yacht Show is back this week. Southeast Asia is seeing increasing potential as a yachting region, industry players told CNBC, so expectations for the event were high. The marina on Singapore’s Sentosa island will see superyachts like Amel’s La Familia, ICA’s Aquamarina, Heesen’s Lady Azul, and Ferretti’s Happy Days
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For the first time this year, companies are required to report the compensation for their median employee, and a ratio of that figure compared with their CEO’s. The regulation has been criticized for lacking a specified measurement methodology, making comparisons between companies next to meaningless. For example, the company on Equilar’s list with the widest
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Considering that many families spend more than 100 percent of their income after taxes on monthly expenses alone, personal finance site GoBankingRates measured how long $1 million in savings would last in cities across the country by comparing average expenses for people age 65 and older, including groceries, housing, utilities, transportation and health care. Dollars
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Of course, your exact circumstances will vary, but you can use the principles above to run your own personalized numbers. Maybe you can earn more and save less. Or perhaps you’re better at saving than earning. Or maybe your side hustle can become a $30,000 per year business. Simply run the numbers with your particular
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