It Isn’t Easy Being Rich

It Isn’t Easy Being Rich
Oh the pain of being wealthy!

The wealthy don’t generally speak publicly about their finances, in good times or bad. It’s in poor taste, for one, and their employers could fire them for talking even a little. But people who provide services to the wealthy – lawyers, art advisers, personal trainers and hairstylists – say they are getting an earful about their clients’ financial anxieties.

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Millionaire Households on the Rise

Millionaire Households on the Rise

Being a millionaire isn’t even cool anymore. This guy need someone to help him dress

Nearly 10 million households in the US have a net worth of at least $1 million, excluding their primary residences, according to TNS’s “Affluent Market Research Program.”

The research company said the number of millionaire households increased by 5.9% from June 2006 to June 2007. It was the sixth such increase in as many years.

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Mobile TV to Drive Mobile Ad Spending

 Mobile TV to Drive Mobile Ad Spending

Mobile TV will drive advertising spending in the hand-held market

Juniper Research forecasts that by 2013, worldwide mobile advertising spending will reach almost $7.6 billion, up from just over $1 billion in 2008.

Text message advertising currently accounts for the largest share of mobile advertising with $335 million spent in 2008, but as mobile TV services proliferate, SMS advertising spending will rise to only $2.5 billion by 2012.

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The Mortgage Bust Goes Global

The Mortgage Bust Goes Global

While the housing slump has come to dominate American presidential debates and has sent Wall Street into a tailspin, the consequences of millions of foreclosures across the United States are also being felt far overseas. Nowhere is that more true than in Switzerland, the serene land of snowy peaks, ice-cold lakes and staid banks long considered to be among the most cautious in the world.

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