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For richer, for poorer | The Economist

IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux of the Loire for inspiration, laid a railway to bring in limestone from Indiana and employed more than …

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The Self-Destruction of the 1 Percent – NYTimes.com

IN the early 14th century, Venice was one of the richest cities in Europe. At the heart of its economy was the colleganza, a basic form of joint-stock company created to finance a single trade expedition. The brilliance of the colleganza was that it opened the economy to new entrants, allowing risk-taking entrepreneurs to share in the financial upside with the established businessmen who …

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The 2011 Nobel prizes: Expanding horizons | The Economist

THE rules say it is not allowed. But this year a Nobel prize was awarded to a dead man. Ralph Steinman of Rockefeller University in New York, who discovered the role of dendritic cells in activating the immune system, died on September 30th. That news did not, however, make it across the Atlantic Ocean in time, and on October 3rd the Karolinska Institute in Stockholm honoured Dr Steinman with half of this year’s prize in …

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Buttonwood: The secrets of Buffett’s success | The Economist

IF INVESTORS had access to a time machine and could take themselves back to 1976, which stock should they buy? For Americans, the answer is clear: the best risk-adjusted return came not from a technology stock, but …

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For India’s Children, Philanthropy Isn’t Enough – NYTimes.com

MEENA DEVI is only 10 years old, but she’s the head of her household. She cooks, cleans and takes care of her 11-year-old brother, Sunil, while a 14-year-old brother, Anil, works at a faraway brick kiln in a neighboring state. The three have been orphans since their mother …

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