Chrystia Freeland

EXTRAORDINARY WEALTH, GLOBALIZATION, AND CORRUPTION

onlinelibrary.wiley.com — The billionaires of the world attract significant attention from the media and the public. Surprisingly, only a limited number of studies have explored empirically the determinants of extraordinary wealth. Using a large dataset we investigate whether globalization and corruption affect extreme wealth accumulation. We find evidence that an increase in globalization increases super-affluence.

Exclusive: Facebook reaches 1 million active advertisers

reuters.com — Credit: Reuters/Dado Ruvic A smartphone user shows the Facebook application on his phone in the central Bosnian town of Zenica, in this photo illustration, May 2, 2013. A vast majority of those advertisers are small business owners who have flocked to the world's No. 1 social network.

The rich expand their holdings and increase in number -study

reuters.com — The survey, released Tuesday by RBC Wealth Management and Capgemini Financial Services, tracked high-net-worth people, whom it defined as those with more than $1 million that they can invest. North America was home to the highest number of millionaires - 3.7 million.

Should the Government Pay for Information It Collects About Its Citizens?

pbs.org — What is the real price of the benefits we reap from interacting with free or convenient online networks? How can we make that system more transparent? Economics correspondent Paul Solman talks to Jaron Lanier, whose new book, "Who Owns the Future?", argues that digital networks are destroying jobs and exacerbating inequality.

How to Understand What the Fed Says

bloomberg.com — The world will be paying close attention tomorrow when the Federal Reserve announces the results of its two-day policy-making meeting. The big question is what, if anything, the announcement will communicate.