DrTorch
Proved mach and GTS to be liars
Posts: 35,887
Joined: Jun 2002
Reputation: 201
I Root For: ASU, BGSU
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<a href='http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=568&e=25&u=/nm/20040615/bs_nm/financial_wealthy_dc_4' target='_blank'>Yahoo! article</a>
My favorite quotes
Quote:North America as a whole saw growth in high-net-worth individuals of 13.5 percent and Asia 8.4 percent.
In China, which saw surging economic growth last year, the number of high-net-worth individuals rose 12 percent and India 22 percent.
Europe showed a more modest increase, with the number of millionaires up 2.4 percent to 2.6 million.
"That partly can be attributed to the more restrictive European income-tax policies which impeded personal wealth accumulation," the report said.
Europe becomes more irrelevant every year. Alcatel is a joke. Airbus is heavily subsidized to be able to compete. Ericcson and Nokia are good firms...but they've got global investments to make up for the shortcomings at home. Britian is in fair shape but they don't follow the continent very closely.
Slowly but surely Europe is getting what they deserve w/ their economic policies.
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06-16-2004 07:47 AM |
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