When times are good in financial markets, we’re willing to convince ourselves that they’re good for a reason. The fundamentals are great, the experts tell us
Riding the Waves of Irrational Behavior
Tag Archives: wealth
Cab-driving shutterbug chronicles Istanbul’s underbelly
Sevket Sahintas works the night shift driving his taxi around Istanbul Turkey from midnight until dawn. His route takes him past symbols of wealth old and new: the ornate carved stone gates of a 19th-century Ottoman sultan’s palace, the gleaming high rises in the city’s rapidly growing financial district
South Korean president to donate fortune
Donating to charity itself is a relatively new phenomenon in a society that traditionally values family units. So the announcement that South Korean President Lee Myung-Bak will be donating $26 million, the bulk of his wealth, to charity, is considered highly unusual. The president’s office said the money will be used to set up a new youth scholarship program
UBS bans travel amid tax evasion probe
Swiss bank UBS said Tuesday it is banning its private bankers from traveling overseas amid a tax evasion probe by the U.S. government