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The IPO of Peloton shows that companies serve the wealthy and do not make us healthy

John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton, the company that brings spinning lessons into your living room, has turned the combination of fitness and connected devices into a business big enough for public markets. In its IPO Prospectus published Tuesday, the manufacturer of stationary home bicycles and treadmills grew more than 100% last year, due to the …

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Gaps in college grant: Wealthy parents transfer guardianship of their teens for help

CHICAGO – In the midst of nationwide excitement about the fairness of university admissions, the Education Department is investigating a tactic used in some suburbs where wealthy parents transfer legal guardianship to their relatives or relatives for their high school-bound children, giving them financial support claim, say the persons familiar with the matter. The strategy caught the attention of the …

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Buy a faulty hospital and profit. This could be a dangerous new book for wealthy investors

"It's not safe, we're in the middle of everything Jefferson [University Hospital] is not so far, but for a life-threatening situation, the protocol is important," said Maria Gutierrez, an oncological nurse of Hahnemann Call from a manager who announced that all her shifts had been canceled. "That's why he wants the land." Not included in the submission: The unit that …

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What is wealthy? It does not necessarily have to be a millionaire

CLOSE You would think that those with $ 1 million would be destined for life. Most would not agree. USA TODAY Would you feel rich with a million dollars? It is not enough for most people. Only 13% of Americans with at least $ 1 million in investable wealth feel wealthy, according to a new survey by Ameriprise Financial, exclusively …

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Prominent Claus von Bülow, who was convicted for attempting to kill a wealthy woman, passed away at the age of 92

Danish-born celebrity Claus von Bülow, who was convicted but later acquitted of killing his wealthy wife in two lawsuits of international interest in the 1980s, has died. He was 92 years old. Von Bülow, who moved to London after his release, died Saturday at his home, as his son-in-law Riccardo Pavoncelli told the New York Times. The great aristocrat of …

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Thus, the 33 wealthy parents have responded to the fraud of the university

The cases of the 33 parents have since strongly diverged. Thirteen parents, including actress Felicity Huffman, have already agreed to plead guilty in this case. Another 17 parents, including actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, carry out conspiracy charges to commit fraud and money laundering conspiracy. Others have not yet committed themselves or do not want …

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College Admissions scandal shows how the system favors wealthy students: NPR

The fallout – and the fascination – comes from the massive college recording scandal. The University of Southern California has "stopped the reports of students who may be associated with the alleged licensing program," the school said in a statement on its website. And lawmakers in Congress have already passed laws aimed at improving competitive conditions for college students. But …

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