Forbes Magazine issued it's list of the 400 richest people. For the second year in a row, the price of admission to this list is $1.3 billion. "In this, the 27th edition of the list, the assembled net worth of America's wealthiest rose by $30 billion--only 2%--to $1.57 trillion."
http://www.forbes.com/lists/2008/54/400list08_The-400-Richest-Americans_Rank.html
I guess it was a tough year for the ultra rich. About 64 of these people are listed with a residence in New York City, which is pretty convenient for the displaced people in the financial services industry. I'm referring to a book recently published called "The Big Squeeze: Tough Times for the American Worker". The author is Steven Greenhouse, Publisher: Knopf, 365 pp., $25.95.
In the book, Greenhouse cites Northwest Airlines who gave a booklet to workers who had been laid off. The name of the booklet was "101 Ways to Save Money." One piece of advice was not to be shy about taking something you like from the trash.
The Forbes list should be helpful to the displaced, as the very rich should have the best trash around.
Note: Hat's off to Bill for forwarding the book review. Note that I can't comment on it's accuracy.
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