Live Breaking News & Updates on ஜோசப்ஸ் வவிர

Stay updated with breaking news from ஜோசப்ஸ் வவிர. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

How the 1 percent's savings buried the middle class in debt


In the early days of the coronavirus pandemic, Hollywood mogul David Geffen enraged many social media users when he posted a photo of his yacht, Rising Sun, on calm waters. “Isolated in the Grenadines avoiding the virus,” Geffen wrote on Instagram. “I’m hoping everybody is staying safe.”   
The photo of billionaire life aboard a 454 ft., $590 million yacht inspired plenty of outrage, and even a parody song by singer John Mayer titled “Drone Shot of My Yacht.” As an example of conspicuous consumption, the post highlighted stark global inequalities in wealth and opportunity, and didn’t land well with the millions of people stuck at home in lockdown or risking their health and lives performing essential work.  ....

New York , United States , Rising Sun , Steve Kaplan , Danielm Sullivan , Pascal Noel , Williamc Dudley , Jeff Bezos , Mitchella Petersen , Fiona Greig , Max Liebeskind , Diane Schanzenbach , David Geffen , Atif Mian , Harvard Ludwig Straub , Ben Bernanke , John Mayer , Josephs Vavra , Eric Zwick , Owen Zidar , Lael Brainard , Brent Neiman , Institute For Policy , Credit Suisse , Federal Reserve , Virginia Association Of Economists ,