June 28, 2004
Everyone knew the Kerry family was rich. How rich is finally coming into focus:
Heinz Kerry's investments, worth an estimated $500 million in 1995, have grown over the last nine years to $1 billion or more, even accounting for large living expenses and charitable contributions, according to an analysis of Securities and Exchange Commission filings, Senate financial disclosure reports, probate documents and other public records.
I don't have a problem with prosperity or wealth as long as it doesn't subvert justice. This article does make issues like this one look extremely silly. The Kerry to Bush ratio is somewhere between 130:1 and 246:1.

I did find these two paragraphs slightly amusing:

Since key details of Heinz Kerry's investments are not in the public record, a precise valuation is not possible. The Times analysis produced estimates as low as $900 million and as high as $3.2 billion.

Three senior executives at investment firms that handle accounts for wealthy clients reviewed The Times' study and said the $1-billion valuation was a fair and conservative estimate.

Does anyone else agree that the liberal estimate would be a more fitting one to use?

(Hat-tip to Rick)

Categories
Archives
March 2010
S M T W T F S
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Complete Archives

Tools
Search:
  Advanced Search

Mailing List:



Currently Reading
Recently Read
Animal Farm

Animal Farm
George Orwell

Life of Pi

Life of Pi
Yann Martel

The Fourth K

The Fourth K
Mario Puzo

Catch 22

Catch 22
Joseph Heller

the Sicilian

the Sicilian
Mario Puzo

The Quantum Rose

The Quantum Rose
Catherine Asaro

Members
Sponsors
Blogroll
Links
Stats
Entries: 2147
Comments: 2925
Trackbacks: 665
Members: 258

Most Recent:
  Entry: 11/09/08 9:38
  Comment: 11/17/08 12:27
  Visitor: 03/19/10 8:26

Powered by:
  ExpressionEngine

Extreme Tracking