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The Billionaire Boys Club

In her book last year, “The Death and Life of the Great American School System”, Diane Ravitch dismissively described the wealthy philanthropists who are bankrolling various efforts to improve the otherwise taxpayer funded school system as the “billionaire boys club”. She argues that the likes of Bill Gates, the Walton family (heirs of the founder […]

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New Faces of Philanthropy

The cover of the latest issue of Barron’s (subscription may be needed) features three “new faces of philanthropy”. This in itself is encouraging, as it suggests that the media is regaining interest in money-related stories that have nothing to do with the collapse of the financial system and are even positive about some rich people. […]