It’s generally unwise for someone who works in government to have a personal investment in companies that could be affected by policies that he or she oversees, and that turns out to be the case for Betsy DeVos, President-Elect Trump’s nominee for Secretary of Education. Her investment in a company that refinances student loans is relatively small and indirect, but it exists, and is a potential conflict of interest. [More]
The housing market simply can’t keep up with the demand from a very specific part of the market…people who seek houses worth $100 million or more. Sales of houses with nine-figure price tags have reached an all-time high of…well, five of them sold last year, but there are many more on the market or being sold away from the general real estate market, and the fabulous-homes-for-billionaires market will just keep growing. [More]
The world’s wealthiest individuals are taking over from the looks of the 2014 Forbes Billionaire List. This year’s list has more billionaires, more women and reaches more areas in the world than ever before. [More]
Dallas Mavericks owner Mark Cuban is attempting to bankroll a college football playoff system with $500 million. Trying to gather support from university presidents and state senators, his goal is to undermine the Bowl Championship Series. The legally scrutinized entity pits the champions of six conferences, as well as four at-large teams selected by computer and human rankings, into a series of meaningless exhibition games that concludes with a national championship.