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"Proud to pay more": The billionaires who want to pay more tax

<p>Over 250 millionaires and billionaires have issued an <a href="https://proudtopaymore.org/" target="_blank" rel="noopener">open letter</a> to global leaders encouraging them to implement wealth taxes to combat the cost-of-living crisis. </p> <p>This comes just as a report by the Oxfam Charity revealed that the global wealth of billionaires have only grown in the last three years despite inflation. </p> <p>The open letter, signed by super-rich individuals from 17 countries, includes signatories like Abigail Disney, the grand-niece of Walt Disney, <em>Succession </em>actor Brian Cox, and American philanthropist and Rockefeller family heir Valerie Rockefeller.</p> <p>They said that they would be "proud to pay more taxes" in order to address the  inequality.</p> <p>"Elected leaders must tax us, the super rich,"  the letter read. </p> <p>"This will not fundamentally alter our standard of living, nor deprive our children, nor harm our nations' economic growth.</p> <p>"But it will turn extreme and unproductive private wealth into an investment for our common democratic future."</p> <p>Austrian heir Marlene Engelhorn is also among the voices demanding that they pay more in taxes.</p> <p>"I've inherited a fortune and therefore power, without having done anything for it. And the state doesn't even want taxes on it,"  Engelhorn, who inherited millions from her family who founded chemical giant BASF, said.</p> <p>The letter was released just as global leaders gather in Davos, Switzerland for the World Economic Forum.</p> <p>Abigail Disney, whose net-worth is measured at more than $100 million, said that lawmakers need to come together to make a meaningful economic and social change. </p> <p>"There's too much at stake for us all to wait for the ultra rich to grow a conscience and voluntarily change their ways," she said.</p> <p>"For that reason, lawmakers must step in and tax extreme wealth, along with the variety of environmentally destructive habits of the world's richest."</p> <p>A recent <a href="https://static1.squarespace.com/static/63fe48c7e864f3729e4f9287/t/6596bfb943707b56d11f1296/1704378297933/G20+Survey+of+those+with+More+than+%241+million+on+Attitudes+to+Extreme+Wealth+and+Taxing+the+Super+Rich.pdf" target="_blank" rel="noopener">survey</a> of almost 2400 millionaires found that 74 per cent of them supported the introduction of a wealth tax to fund improved public services and deal with the cost-of-living crisis.</p> <p>The open letter also said that one-off donations and philanthropy "cannot redress the current colossal imbalance" of societal wealth.</p> <p>"We need our governments and our leaders to lead," the letter said. </p> <p>"The true measure of a society can be found, not just in how it treats its most vulnerable, but in what it asks of its wealthiest members."</p> <p><em>Images: Getty</em></p> <p> </p>

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Who’s taking COVID antivirals like Paxlovid? Hint: it helps if you’re rich

<p><em><a href="https://theconversation.com/profiles/nicole-allard-1349026">Nicole Allard</a>, <a href="https://theconversation.com/institutions/the-peter-doherty-institute-for-infection-and-immunity-2255">The Peter Doherty Institute for Infection and Immunity</a></em></p> <p>When it comes to COVID, people living in disadvantaged communities are hit with a triple whammy. First, they’re <a href="https://www.aihw.gov.au/reports-data/health-conditions-disability-deaths/covid-19/overview">more likely</a> to get infected, and when sick, are more likely to have serious disease. Second, they’re <a href="https://theconversation.com/first-covid-hit-disadvantaged-communities-harder-now-long-covid-delivers-them-a-further-blow-183908">more likely</a> to develop long COVID. Third, our <a href="https://www.mja.com.au/journal/2023/218/10/access-oral-covid-19-antivirals-community-are-eligibility-criteria-and-systems">recent research</a> suggests they’re less likely to get antivirals and when they do, it’s on average later.</p> <p>We’ve just <a href="https://www.mja.com.au/journal/2023/218/10/access-oral-covid-19-antivirals-community-are-eligibility-criteria-and-systems">published the data</a> to map how disadvantage is linked with access to COVID antiviral drugs you can take at home.</p> <p>Here’s why our findings matter and what we can do to level the playing field for this critical part of Australia’s COVID response.</p> <h2>What we did and what we found</h2> <p>Our team looked at Victorian and national prescribing data trends for the oral antiviral medications eligible Australians can take at home – Paxlovid (nirmatrelvir/ritonavir) and Lagevrio (molnupiravir).</p> <p>My health department colleagues linked data from the Pharmaceutical Benefits Scheme with information from the Victorian health department’s COVID surveillance database. They then matched levels of socioeconomic disadvantage by postcode, according to criteria from the Australian Bureau of Statistics.</p> <p>Their analysis showed people living in the most disadvantaged postcodes were 15% less likely to receive oral antivirals compared with those in the most advantaged postcodes.</p> <p>Those in the most disadvantaged postcodes were supplied with the antivirals on average a day later (three days versus two days) than those in the most advantaged postcodes.</p> <p>There are some limitations to our analysis. Not everyone who tests for COVID reports their positive result. And we suspect there may be more under-reporting of infections in disadvantaged areas.</p> <p>Nevertheless, our findings about the influence of disadvantage on antiviral supply are not surprising. In the United States, there have been <a href="https://www.cdc.gov/mmwr/volumes/71/wr/mm7125e1.htm?utm">similar results</a>.</p> <h2>Why has this happened?</h2> <p>We know <a href="https://www.health.gov.au/health-alerts/covid-19/treatments/eligibility">early access to antivirals</a>, within the first five days of symptoms starting, is important to reduce the chances of severe disease and hospitalisation in those at risk.</p> <p>So why are people in disadvantaged areas less likely to have access to COVID antivirals? The answers are multiple and complex.</p> <p>Some relate to <a href="https://link.springer.com/article/10.1007/s11069-019-03584-6/tables/1">disadvantage</a> that existed before the pandemic – for instance, poverty, homelessness, lower levels of English or formal education, and being less likely to have a regular GP.</p> <p>Some factors relate specifically to antivirals. For instance, to access antivirals, you first have to know they exist and whether you might be eligible, then know how to access them and when. There may be out-of-pocket costs to see a GP to be assessed, then there’s the cost of filling the prescription, even with a concession card.</p> <h2>How can we address this?</h2> <p>We have an opportunity to address this inequity, whether that’s by addressing social determinants of health more broadly, or specifically related to antivirals access.</p> <p>Equity depends on continuing to address the structural inequalities in our health system that create barriers to people accessing primary health services, and tailoring responses to communities.</p> <p>For instance, earlier in the pandemic we saw funding to house homeless people, provide COVID-related health care to non-English speaking communities, and for people isolated at home. These initiatives need to continue.</p> <p>Other countries have also recognised the need for more equitable access to COVID antivirals. Initiatives have included:</p> <ul> <li> <p>COVID medicine <a href="https://phlgroup.co.uk/our-services/cmdu/">delivery units</a> in the United Kingdom. These identify, triage and arrange for high-risk people to receive antivirals at home</p> </li> <li> <p><a href="https://covid19.govt.nz/testing-and-isolation/if-you-have-covid-19/medicines-to-treat-covid-19">pharmacists prescribing antivirals</a> in New Zealand, and</p> </li> <li> <p>“<a href="https://aspr.hhs.gov/TestToTreat/Pages/default.aspx#:%7E:text=To%20find%20a%20participating%20Test%20to%20Treat%20site%20near%20you%3A&amp;text=Call%20the%20Centers%20for%20Disease,more%20than%20150%20other%20languages.">test to treat</a>” services in the US. This is where people can get tested, assessed and access antivirals in one spot, in one visit.</p> </li> </ul> <h2>What needs to happen next?</h2> <p>As <a href="https://theconversation.com/were-in-another-covid-wave-but-its-not-like-the-others-206493">COVID waves continue</a>, we must focus on reducing deaths and hospitalisations. Antiviral treatments are part of our armour and equity must drive our response.</p> <p>Our ongoing COVID response should be designed with consumer input, supported by an adequately funded public health system and be data driven. Here’s what needs to happen next:</p> <ul> <li> <p>encourage a tired public to see COVID testing as an important first step to accessing antiviral treatment, and why they should consider treatment</p> </li> <li> <p>address the health care inequality in primary care (for instance, boosting timely access to a GP people can afford to visit) by increasing resourcing in areas where we know there are gaps</p> </li> <li> <p>provide culturally safe health care, delivered in community languages, co-designed with community input</p> </li> <li> <p>evaluate current and future antiviral medications</p> </li> <li> <p>communicate up-to-date information to the public and health professionals about antivirals, particularity GPs</p> </li> <li> <p>access more data on the coverage and equity of antiviral COVID treatments, to help direct us to the gaps in the health system that need to be plugged.</p> </li> </ul> <h2>Why this matters now</h2> <p>For many of us in the past year, COVID has become another “cold” we encounter and may not even bother testing. Yet, we continue to see <a href="https://www.health.gov.au/health-alerts/covid-19/weekly-reporting">deaths and hospitalisations</a> across the country.</p> <p>Serious COVID infections continue to affect our most vulnerable people. These include elderly people, especially those over 80, First Nations people, people living with a disability and people who are socioeconomically disadvantaged.</p> <p>We have a chance to ensure antivirals are used to reduce existing disparities in hospitalisation and death – not to make them worse.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/207822/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /></p> <p><em><a href="https://theconversation.com/profiles/nicole-allard-1349026">Nicole Allard</a>, Post doctoral researcher and medical epidemiologist, <a href="https://theconversation.com/institutions/the-peter-doherty-institute-for-infection-and-immunity-2255">The Peter Doherty Institute for Infection and Immunity</a></em></p> <p><em>Image credits: Getty Images</em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/whos-taking-covid-antivirals-like-paxlovid-hint-it-helps-if-youre-rich-207822">original article</a>.</em></p>

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Get-rich-quick schemes, pyramids and ponzis: five signs you’re being scammed

<p><a href="https://theconversation.com/profiles/bomikazi-zeka-680577">Bomikazi Ze<em>ka</em></a><em>, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> and <a href="https://theconversation.com/profiles/abdul-latif-alhassan-1390159">Abdul Latif Alhassan</a>, <a href="https://theconversation.com/institutions/university-of-cape-town-691">University of Cape Town</a></em></p> <p>Consumers are under a lot of financial strain. The <a href="https://www.weforum.org/agenda/2022/09/cost-of-living-crisis-global-impact/">World Economic Forum</a> reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries <a href="https://www.wsj.com/articles/workers-pay-globally-hasnt-kept-up-with-inflation-e6df92d">aren’t keeping up with inflation</a>, making it more difficult to save and build wealth.</p> <p>It’s during such times of economic difficulty and uncertainty that fraudsters lure unsuspecting consumers into “<a href="https://www.sabric.co.za/">get-rich-quick</a>” schemes, offering <a href="https://www.sabric.co.za/stay-safe/ponzi-pyramid-schemes/">an avenue to make easy money</a> by investing in a “lucrative” financial opportunity.</p> <p>Nothing beats the prospect of making easy money, and every now and again there seems to be a “get-rich-quick” scheme circulating on WhatsApp or on social media that seems legitimate. But it’s not.</p> <p>Our research interests centre on financial systems in emerging economies, and we advocate for financial inclusion and empowering marginalised communities through financial literacy and financial planning. We use our academic platform to share our expertise on finance, including common financial traps people should steer clear of.</p> <p>“Get-rich-quick” schemes are one such trap. They’re also sometimes called ponzi or pyramid schemes. The schemes are a form of <a href="https://www.lawinsider.com/dictionary/financial-fraud">financial fraud</a>. The people running them take money through deception: the misrepresentation of information and identity. They promise financial benefits that don’t exist.</p> <p>You should avoid them because, more often than not, they are bogus and fraudulent business ventures.</p> <p>There have been some massive fraud schemes over the past 30 years. In the early 1990s, <a href="https://www.independent.co.uk/news/world/africa/mmm-global-russian-ponzi-scheme-from-1990s-reborn-and-now-spreading-like-wildfire-in-africa-a7333366.html">MMM Global</a> - one of the world’s largest and most notorious ponzi schemes - defrauded up to 40 million people, who lost an estimated $10 billion. Ponzi schemes have since resurfaced in different forms in <a href="https://www.iol.co.za/weekend-argus/news/ponzi-scheme-investigated-as-some-victims-lost-as-much-as-r200-000-c3c3633c-2abb-4dd4-b668-a5ea608deb41">South Africa</a>, <a href="https://guardian.ng/business-services/nigerians-lose-over-n911b-to-ponzi-schemes-related-fraud-in-23-years/">Nigeria</a>, <a href="https://www.voazimbabwe.com/a/zimbabwe-money-pyramids-ponzi-schemes/6305100.html">Zimbabwe</a>, <a href="https://allafrica.com/stories/202105170964.html">Kenya</a>, <a href="https://doi.org/10.1108/JFC-09-2020-0177">Ghana</a> and several other African countries.</p> <p>There are five tell-tale signs of a “get-rich-quick” scheme. Watch out for them.</p> <h2>The five tell-tale signs</h2> <p><strong>Firstly</strong>, they offer exaggerated and above-market returns within a short period of time, with the promise of little to no risk.</p> <p>There are two golden rules when it comes to investing. The first is that it takes time to make money. Amassing a small fortune within a short space of time should raise questions about the scheme.</p> <p>The second rule is: the higher the risk, the higher the return. In other words, no investment is risk free or can guarantee significant returns. There is always some risk involved. An investment that promises substantial returns tends to be quite risky, which repels most people with a low appetite for risk.</p> <p><strong>Secondly</strong>, new members are constantly recruited to join the scheme.</p> <p>Typically, such schemes are sustained by relying on the investments of new members to pay existing members. Once the number of existing members exceeds new members, the scheme goes “belly-up”. At best you lose out on the returns you were promised. At worst you lose all the money you’ve invested.</p> <p>When the scheme collapses, it is almost impossible to recover the money you’ve lost because you’ve technically given it to a stranger (remember, the definition of financial fraud encompasses the misrepresentation of identity).</p> <p><strong>Thirdly</strong>, there is urgency to join the scheme and no clarity on how the scheme works.</p> <p>This is a classic characteristic of a “get-rich-quick” scheme. There is usually no clear answer about the nature of the scheme, what it invests in, how it generates its returns or the credentials of the organisation.</p> <p>Legitimate investments are transparent and can provide investors with all the information they need to help them decide whether to invest. Unsurprisingly, a proper check of “get-rich-quick” schemes will unmask their fraudulent nature. This is why there’s always the urgency and coercion to make an immediate financial commitment under the guise of missing a once-in-a-lifetime opportunity to get rich.</p> <p><strong>Fourthly</strong>, the scheme is not registered with or regulated by any recognised authority.</p> <p>Regulatory authorities are important because they monitor the conduct of financial service providers and protect consumers by keeping their best interests in mind. The protection provided by financial regulators also instils confidence in financial systems.</p> <p>“Get-rich-quick” schemes are not registered and operate outside the framework of regulatory bodies. This makes investors more vulnerable to loss and makes it more difficult to seek legal recourse when the loss occurs.</p> <p>Legitimate investments in South Africa are offered by authorised financial service providers and regulated by the <a href="https://www.fsca.co.za/Pages/Default.aspx">Financial Sector Conduct Authority</a>. You can search for any authorised financial service provider on the authority’s <a href="https://www.fsca.co.za/Fais/Search_FSP.htm">website</a>.</p> <p><strong>Fifthly</strong>, they use the testimonies from existing members who’ve earned big bucks to promote the scheme.</p> <p>At the initial stages, the scheme tends to pay out to those who have invested early, and these members are encouraged to share the news of their wealth (which travels fast and far) to promote the scheme.</p> <p>But this is a tactic used to create the impression that you too can earn returns in the double digits. These schemes are both unsustainable and unethical as one person gets wealthy through someone else being deceived.</p> <h2>Too good to be true</h2> <p>It’s worth repeating that if it sounds too good to be true, then it probably is.</p> <p>Wealth comes from a sound investment strategy and decisions made over time. Any promise to “get rich quick” should be treated with the cynicism it deserves. It will ultimately reveal its fraudulent nature. Recognising the signs of “get-rich-quick” schemes can save you from unnecessary financial distress.</p> <p>It’s always a good idea to do your own investigation before committing your finances into any investment. You can find more information on the various types of scams through the <a href="https://www.sabric.co.za/">South African Banking Risk Information Centre</a>’s website and report them to the <a href="https://www.safps.org.za/Home/Contact">South African Fraud Prevention Service</a>.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/205798/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /></p> <p><em><a href="https://theconversation.com/profiles/bomikazi-zeka-680577">Bomikazi Zeka</a>, Assistant Professor in Finance and Financial Planning, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> and <a href="https://theconversation.com/profiles/abdul-latif-alhassan-1390159">Abdul Latif Alhassan</a>, Associate Professor in Development Finance & Insurance, <a href="https://theconversation.com/institutions/university-of-cape-town-691">University of Cape Town</a></em></p> <p><em>Image credits: Getty Images</em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/get-rich-quick-schemes-pyramids-and-ponzis-five-signs-youre-being-scammed-205798">original article</a></em>.</p>

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The rich are pouring millions into life extension research – but does it have any ethical value?

<p>Sam Altman, the chief executive of OpenAI, <a href="https://www.technologyreview.com/2023/03/08/1069523/sam-altman-investment-180-million-retro-biosciences-longevity-death/">recently invested</a> US$180 million into Retro Biosciences – a company seeking to extend human lifespans by <a href="https://retro.bio/announcement/">ten healthy years</a>.</p> <p>One way it plans to achieve this is by “rejuvenating” blood. This idea is based on studies that found old mice <a href="https://www.science.org/content/article/young-blood-renews-old-mice">showed signs of reversed ageing</a> when given the blood of young mice.</p> <p>Altman isn’t the only Silicon Valley entrepreneur supporting life extension efforts. PayPal cofounder Peter Thiel, Amazon founder Jeff Bezos and Google cofounder Larry Page have <a href="https://www.theguardian.com/science/2022/feb/17/if-they-could-turn-back-time-how-tech-billionaires-are-trying-to-reverse-the-ageing-process">poured millions</a> into projects that could profoundly affect how we live our lives.</p> <p>The first question raised is scientific: could these technologies work? On this front the jury is still out, and there are grounds for both <a href="https://newseu.cgtn.com/news/2021-01-14/How-close-are-we-to-radical-life-extension-and-is-it-a-good-idea--X03UFbnMWs/index.html">optimism</a> and scepticism.</p> <p>The second question is just as important: even if lifespan extension is feasible, would it be ethical?</p> <p>We explain why some common ethical arguments against lifespan extension aren’t as solid as they might seem – and put forth another, somewhat overlooked explanation for why trying to live forever might not be worth it.</p> <h2>Is it worth it if you still die anyway?</h2> <p>One might argue lifespan extension merely pushes back the inevitable: that we will die. However, the problem with this view is that any life saved will only be saved temporarily.</p> <p>A lifespan extension of ten years is akin to saving a drowning swimmer, only for them to die in a traffic accident ten years later. Although we might be sad about their eventual death, we’d still be glad we saved them.</p> <p>The same is true of conventional medicine. If a doctor cures my pneumonia, I will eventually die of something else, but that doesn’t mean the doctor or I will regret my being saved.</p> <p>It’s also worth taking a longer view of where lifespan extension research could lead us. In the <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC423155/">most optimistic scenarios</a> put forth by experts, even modest short-term gains could help people add centuries to their life, since the benefits of each intervention could cascade. For example, each extra year of life would increase the likelihood of surviving until the next big breakthrough.</p> <h2>Is it worth it if immortality could get boring?</h2> <p><a href="https://www.sciencedirect.com/science/article/abs/pii/S0277953604004691">Many</a> <a href="https://www.sciencedirect.com/science/article/abs/pii/S0890406510000757">have argued</a> against lifespan extension on ethical grounds, saying they wouldn’t use these technologies. Why might somebody be opposed?</p> <p>One worry is that a very long life might be undesirable. Philosopher <a href="https://www.cambridge.org/core/books/abs/problems-of-the-self/makropulos-case-reflections-on-the-tedium-of-immortality/9180185912980E017EE675254B2F4169">Bernard Williams</a> said life is made valuable through the satisfaction of what he calls “categorical desires”: desires that give us reason to want to live.</p> <p>Williams expects these desires relate to major life projects, such as raising a child, or writing a novel. He worries that, given a long enough life, we will run out of such projects. If so, immortality would become tedious.</p> <p>It’s unclear whether Williams is right. <a href="https://www.tandfonline.com/doi/abs/10.1080/09672559.2012.713383">Some philosophers</a> point out human memories are fallible, and certain desires could resurface as we forget earlier experiences.</p> <p><a href="https://link.springer.com/article/10.1007/s10892-015-9203-8">Others</a> emphasise that our categorical desires evolve as our life experiences reshape our interests – and might continue to do so over the course of a very long life.</p> <p>In either case, our categorical desires, and hence our reason for living, would not be exhausted over a very long life.</p> <p>Even if immortality did get tedious, this wouldn’t count against modest lifespan extensions. Many would argue 80-something years isn’t enough time to explore one’s potential. Personally, we’d welcome another 20 or even 50 years to write a novel, or start a career as a DJ.</p> <h2>Is it worth it if poor people miss out?</h2> <p>Another worry regarding lifespan extension technologies is egalitarian.</p> <p>These technologies will be expensive; it seems unjust for Silicon Valley billionaires to celebrate their 150th birthdays while the rest of us mostly die in our 70s and 80s.</p> <p>This objection seems convincing. Most people welcome interventions that promote health equality, which is reflected in broader societal demands for universal healthcare.</p> <p>But there’s important nuance to consider here. Consider that universal healthcare systems promote equality by improving the situation of those who aren’t well off. On the other hand, preventing the development of lifespan extension technologies will worsen the situation of those who are well off.</p> <p>The ethical desirability of equality based on “<a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/1467-9329.00041">levelling down</a>” is unclear. The poorest Australians are <a href="https://theconversation.com/the-poorest-australians-are-twice-as-likely-to-die-before-age-75-as-the-richest-and-the-gap-is-widening-139201">twice as likely</a> to die before age 75 than the richest. Yet few people would argue we should stop developing technologies to improve the health of those aged over 75.</p> <p>Moreover, the price of lifespan extension technologies would eventually likely come down.</p> <h2>The real problem</h2> <p>However, we think there’s one serious ethical objection that applies to extreme cases of life extension. If humans routinely lived very long lives, this could reduce how adaptable our populations are, and lead to social stagnation.</p> <p>Even modest increases in life expectancy would radically increase population size. To avoid overpopulation, we’d need to <a href="https://theconversation.com/thinking-of-having-a-baby-as-the-planet-collapses-first-ask-yourself-5-big-ethical-questions-196388">reduce birth rates</a>, which would drastically slow generational turnover.</p> <p>As one of us (Chris) has explored in previous <a href="https://academic.oup.com/jmp/article/40/6/696/2747126">research</a>, this could be incredibly harmful to societal progress, because it may:</p> <ol> <li>increase our vulnerability to extinction threats</li> <li>jeopardise individual wellbeing, and</li> <li>impede moral advancement.</li> </ol> <p>Many fields benefit from a regular influx of young minds coming in and building on the work of predecessors.</p> <p>Even if the brains of older scientists remained sharp, their “confirmation bias” – a tendency to seek and interpret information in ways that confirm one’s prior beliefs – could slow the uptake of new scientific theories.</p> <p>Moral beliefs are also prone to <a href="https://link.springer.com/article/10.1007/s10670-020-00252-1">confirmation bias</a>. In a world of extended lifespans, individuals whose moral views were set in their youth (perhaps more than 100 years ago) will remain in positions of power.</p> <p>It seems likely our society’s moral code is <a href="https://link.springer.com/article/10.1007/s10677-015-9567-7">badly mistaken</a> in at least some respects. After all, we think past societies were catastrophically mistaken in theirs, such as when they endorsed slavery, or rendered homosexuality illegal.</p> <p>Slowing generational turnover could delay the point at which we recognise and fix our own moral catastrophes, especially those we can’t yet see.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/the-rich-are-pouring-millions-into-life-extension-research-but-does-it-have-any-ethical-value-201774" target="_blank" rel="noopener">The Conversation</a>. </em></p>

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“It tastes like rich”: Hotel sells $32 coffee with gold sprinkles

<p dir="ltr">At the Emirates Palace in Abu Dhabi, you can treat yourself to a cappuccino for a whopping $32AUD, although you’re not <em>really</em> paying for the coffee alone. </p> <p dir="ltr">The cappuccino, which is found at the hotel’s Le Cafe by the Fountain comes with 23-karat gold sprinkled on top and it has been named the Emirates Palace Golden Cappuccino. </p> <p dir="ltr">The pricey cap is not the only item on the menu that is embellished with gold, with the hotel advertising a camel milk vanilla or chocolate ice cream with a 23-karat gold leaf for $29.</p> <p dir="ltr">In the mood for a cold drink? The Emirates Palace has got you covered with their Hawaiian Candy Colada, a mocktail topped with 23-karat gold flakes for $26. </p> <p dir="ltr">Tourists have shared videos on social media, with one showing a barista shaking a can of gold flakes over a row of cappuccinos, much like one would with the average cocoa powder topping. </p> <p dir="ltr">Another video posted by a worker shows her adding gold flakes with a spoon.</p> <p dir="ltr">One TikToker who got to try the luxurious coffee wrote, “The gold cappuccino was 8/10 but the vibes were 100/10.” </p> <p dir="ltr">One user wrote, “It tastes like rich.”</p> <p dir="ltr">Another agreed, writing “It tastes expensive.” </p> <p dir="ltr">A Canadian coffee content creator, Brodie Vissers, better known as The Nomad Barista online reviewed the hotel’s cappuccino on YouTube. </p> <p dir="ltr">“Our drinks have arrived, I’m a little bit nervous. It used to be 24-karat, now they’ve reduced it to 23-karat but it is still gold sprinkled on this coffee,” he said.</p> <p dir="ltr">“I don’t even know what to expect from this drink,” he said before trying the luxurious drink. </p> <p dir="ltr">“It’s actually not bad. Of course the foam on the latte is not like a perfect flat white or anything. It’s actually not as sweet as I expected. It’s got a nice balance to it. It’s an interesting drink.</p> <p dir="ltr">“We cannot forget about the dates. Having dates with coffee is a very traditional thing here in the Middle East.</p> <p dir="ltr">“Let’s see how that pairs with the latte. Wow, that is so good. I recommend it if you’re around. It’s a kind of unique opportunity here in (Emirates) Palace. What better place to drink coffee with gold on top.”</p> <p dir="ltr"><em>Image credit: Instagram </em></p>

Food & Wine

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Photographer reimagines the super-rich

<p>Indian photographer Gokul Pillai has shared his vision of “slumdog billionaires” with the world.</p> <p>Using Midjourney, an artificial intelligence program that pulls artists’ work from across the internet to generate AI ‘art’, Gokul has taken some of the world’s wealthiest and reimagined them in scenarios far from what they’re used to. </p> <p>The likes of Jeff Bezos, Donald Trump, Muskesh Ambani, Bill Gates, Warren Buffet, Mark Zuckerberg, and Elon Musk were reimagined by the photographer after his viewing of the award-winning film Slumdog Millionaire inspired him to consider them as their own ‘poor’ counterparts. </p> <p>“It was very coincidental,” he told <em>The Daily Mail</em>. “The movie is set in the slums of India and I wanted to recreate something based on that.</p> <p>“The word 'millionaire' in the movie title and juxtapositioning it with actual billionaires, that's how it started.”</p> <p>Gokul posted his series to Instagram with the title “Slumdog Millionaires”, and called on his followers to let him know if he’d forgotten to include anyone. </p> <p>His post quickly went viral, with comments rolling in from supporters who had praise and suggestions in store, and also those who weren’t thrilled about his use of an AI generator. </p> <p>“Just amazing,” wrote one follower, “they look real.”</p> <p>“This is epic,” said another, alongside a flame emoji. </p> <p>“What an insane concept,” one noted. </p> <p>“Wonderful series of images,” praised one more, to a chorus of agreement. </p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CqvxGHwyyf1/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/CqvxGHwyyf1/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener">A post shared by Gokul Pillai (@withgokul)</a></p> </div> </blockquote> <p>As Gokul confessed to <em>The Daily Mail</em>, he was delighted and “completely overwhelmed with the response” to his series, despite his idea that “it would be funny and [a] few might find it hilarious”. </p> <p>However, there were still those who believed Gokul - who has also shared his own photography to his account - could have approached it differently, without the use of AI, and made sure to point it out. </p> <p>“AI ‘artist’... that's funny,” one said. </p> <p>“Midjourney is honestly scary if you think about how evil people who desire to assassinate someone's character would use it,” another admitted, to an outpouring of likes. “As an artist it excites me but looking into the future it scares the c**p out of me.”</p> <p>As for how well Gokul felt he’d achieved his vision, he confessed that while it was hard to determine who had been the most popular, it was “probably Bill Gates”, and that his followers had decreed that Mukesh Ambani “looked the poorest.” </p> <p>And to those same supporters he gave his thanks, returning to his own post to write “thank you all for the great response on the post.. I totally appreciate the support.. thank you!!” </p> <p><em>Images: Instagram, Midjourney</em></p>

Art

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Readers Respond: What is the most egregious display of wealth you've ever seen?

<p dir="ltr">We asked our readers what they thought were the most extravagant and outrageous displays of wealth that they’ve seen and honestly, we couldn’t believe some of the answers. </p> <p dir="ltr">Melanie Gibbons- My ex showing up in a BMW sports car when he owed 46k in child support and I hadn't received a cent for 2 years... his parents also showing up in their porsche 4wd and demanding I pay them petrol money to see their granddaughter because I moved 90mins away from them.</p> <p dir="ltr">Anita Thornton- Nearly fifty years ago, in my role as a teacher, I went to a School Council dinner. One mother had a copious amount of jewellery on, over the top!</p> <p dir="ltr">Richard Norman Ewing- A man and his wife arriving at a WA country airstrip in an American registered Grumman Gulfstream G650 business jet. Two pilots and two cabin attendants, all the way from the USA. (They stopped in Sydney for customs). What a way to travel.</p> <p dir="ltr">Jim Davies- A person with a huge collection of Vincent motorcycles.</p> <p dir="ltr">Moyra Rocchio- We were staying at "The Minna House. In Cairo , The day we arrived a Sheik was having a wedding reception (we were told ) what appeared to be several other wives who were dripping in gold and jewels, arrived by Limo.</p> <p dir="ltr">Bev Traveller Chad- The Crown Jewels, London Tower.</p> <p dir="ltr">Sam Siney- The Vatican… never seen anything like it.</p> <p dir="ltr">Cathy Pitman-  European castles</p> <p dir="ltr"><em>Image: Getty</em></p>

Money & Banking

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The new UK Prime Minister is richer than King Charles

<p>The new UK Prime Minister and his wife are richer than the royal family, making waves after featuring on the 2022 Rich List.</p> <p>Rishi Sunak and his wife Akshata Murty, who come from wealthy families and backgrounds, have an estimated fortune of £730 million ($A1.3 billion), according to the <a title="www.thetimes.co.uk" href="https://www.thetimes.co.uk/article/rishi-sunak-akshata-murty-net-worth-sunday-times-rich-list-86ls8n09h">Sunday Times </a><a title="www.thetimes.co.uk" href="https://www.thetimes.co.uk/article/rishi-sunak-akshata-murty-net-worth-sunday-times-rich-list-86ls8n09h">2022 Rich List</a>.</p> <p>The list placed them as the 222nd richest people in Britain. </p> <p>In comparison, the same list placed Queen Elizabeth II’s fortune at £370m ($A660m) before her death.</p> <p>King Charles III and Camilla, Queen Consort’s wealth is estimated to be between £300m ($A536m) and £350m ($A626m), according to The Guardian.</p> <p>Mr Sunak formerly worked as a hedge fund manager, while Ms Murty is the daughter of a tech giant who is known as one of the richest men in India.  </p> <p>She has a A$1.2 billion stake in her father's company, while also working as a fashion designer, and invests in start-ups through her private investment firm.</p> <p>The couple, both 42, met when they were studying at Stanford University and have two daughters together. </p> <p>They have a property portfolio of four homes worth an estimated £15m ($A26.7m), including a penthouse in Los Angeles. </p> <p>Mr Sunak won’t only be one, if not the, richest UK prime ministers in history, he will also be the first prime minister of colour and the youngest person to take office in more than 200 years.</p> <p>He takes over from Liz Truss, who he lost the leadership race to in September. She <a href="https://www.oversixty.com.au/news/news/revolving-door-of-chaos-uk-pm-quits-after-44-days-in-office" target="_blank" rel="noopener">resigned last week</a> after 44 days in office.</p> <p><em>Image credits: Getty Images</em></p>

Money & Banking

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Rich countries donating half their COVID vaccine supply would be a “win-win”

<p>The message emerging from expert dialogue on the trajectory of COVID is increasingly clear: this show won’t be over until the whole world is vaccinated. The appearance of <a href="https://cosmosmagazine.com/health/covid/omicron-update-170122/" target="_blank" rel="noreferrer noopener">Omicron</a> on the scene, with <a href="https://www.sbs.com.au/news/son-of-omicron-victoria-detects-a-handful-of-covid-19-sub-variant-cases/095ee479-723b-40a9-a2ca-77e90968d6e7" target="_blank" rel="noreferrer noopener">son-of-Omicron</a> (the BA.2 sub-variant) hot on its heels, has been a stark reminder that making it through one wave doesn’t mean we’ve weathered the storm – as long as there are under-vaccinated populations, this virus will continue to develop new variants that will sweep across the globe, making vaccine equity crucial to COVID defense.</p><p>Just how much should we prioritise vaccine sharing over increasing immunity within our own borders? A new <a href="https://doi.org/10.1038/s41562-022-01289-8" target="_blank" rel="noreferrer noopener">modelling study</a> published in <em>Nature Human Behaviour</em> has put firm figures to this tricky question, finding that if high-income countries were to donate up to 46% of their total vaccine supply to low- and middle-income countries, the benefits could include substantial decreases in global mortality and protection against further pandemic waves.</p><p>Using a mathematical model, the researchers projected the consequences of vaccine inequity over five years, against the backdrop of evolving strains of SARS-CoV-2 and global mobility.</p><p>The results showed that if we want to get on top of COVID, we’re going to have look beyond short-term immunity gains within our own borders and start playing a globally focused long-game.</p><p>The model indicated that increasing national vaccination rates through booster programs, such as the controversial <a href="https://cosmosmagazine.com/health/covid/fourth-covid-shot-wont-prevent-omicron-infection/" target="_blank" rel="noreferrer noopener">four-dose regime</a> being rolled out across Israel, does lead to faster declines in mortality in high-income countries in the first year. But these gains are swallowed up by an increasing vulnerability to infection in subsequent years as the global threat of newly emerging strains grows.</p><p>Conversely, modelling equitable vaccine allocation strategies showed a substantial curbing of the spread of new strains, providing greater benefits to both high-income and low- and middle-income countries.</p><p>Regardless of where individual countries stand on the ethics of tending to your own flock ahead of assisting disadvantaged global populations, this model makes it clear that allocating nearly half of high-income countries’ vaccine supplies is, over the longer-term, in their own interest.</p><p>Addressing vaccine equity is a practical but highly effective variant-suppression measure that could be achieved by immediate and more-generous vaccine donations to low- and middle-income countries, but convincing governments to reframe their national COVID strategies in this global light remains a challenge.</p><p>As of 31 December 2021, more than nine billion COVID-19 vaccination doses had been administered worldwide – but the distribution of these doses remains highly imbalanced. Over 70% of people in high-income countries are now fully vaccinated against COVID-19; in low-income countries, that number is 4%.</p><p>Organisations such as COVAX, which is co-led by <a href="https://www.gavi.org/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://www.gavi.org/">Gavi</a>, <a href="https://www.who.int/initiatives/act-accelerator/covax" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://www.who.int/initiatives/act-accelerator/covax">the WHO</a>, and <a href="https://cepi.net/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://cepi.net/">CEPI</a>, are attempting to tackle the vaccine inequity problem, and announced in January that they had delivered their <a href="https://cosmosmagazine.com/health/covid/billionth-covax-dose/" target="_blank" rel="noreferrer noopener">billionth vaccine dose</a> – an admirable achievement, but well short of their 2 billion dose goal. The organisation cited hoarding and stockpiling by wealthy countries as a key roadblock to their progress. Many high-income countries have access to enough vaccines to vaccinate their populations several times over, leaving some low- and middle-income countries struggling to obtain sufficient supplies to vaccinate their populations even once.</p><p>But, as the current study makes clear, pandemics pay no heed to borders. Until there is international commitment to global vaccine equity, the waves will continue to crash in.</p><div id="contributors"><p><em><a href="https://cosmosmagazine.com/health/covid/combatting-vaccine-inequity-win-win/" target="_blank" rel="noopener">This article</a> was originally published on <a href="https://cosmosmagazine.com" target="_blank" rel="noopener">Cosmos Magazine</a> and was written by <a href="https://cosmosmagazine.com/contributor/jamie-priest" target="_blank" rel="noopener">Jamie Priest</a>. Jamie Priest is a science journalist at Cosmos. She has a Bachelor of Science in Marine Biology from the University of Adelaide.</em></p><p><em>Image: Getty Images</em></p></div>

Body

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Adele confirms boyfriend rumours

<p><span style="font-weight: 400;">After months of swirling rumours, popstar Adele <a rel="noopener" href="https://celebrity.nine.com.au/latest/adele-rich-paul-dating-relationship-confirmed-instagram-post/bee88561-7a28-4b83-b1a8-a4f03e2ac3c2" target="_blank">has confirmed</a> her relationship status on social media.</span></p> <p><span style="font-weight: 400;">Adele and sports agent Rich Paul were first spotted together in July while attending Game 4 of the NBA Finals, after Paul told the </span><em><span style="font-weight: 400;">New Yorker</span></em><span style="font-weight: 400;"> they were “hanging out” in May.</span></p> <p><span style="font-weight: 400;">Adele shared a trio of photos, with the first two showing off her stunning black and white gown, as well as a black-and-white selfie of herself with Paul.</span></p> <p><span style="font-weight: 400;">Keeping it short and sweet, Adele captioned the post with a single heart emoji.</span></p> <blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CT_s4RMASgx/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="13"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"></div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"></div> </div> </div> <div style="padding: 19% 0;"></div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"></div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" rel="noopener" href="https://www.instagram.com/p/CT_s4RMASgx/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank">A post shared by Adele (@adele)</a></p> </div> </blockquote> <p><span style="font-weight: 400;">According to </span><em><span style="font-weight: 400;">Forbes</span></em><span style="font-weight: 400;">, Paul is a sports superagent, as well as the founder and chief executive officer of Klutch Sports Group, the agency that represents Lebron James and other famed NBA players.</span></p> <p><span style="font-weight: 400;">Adele separated from former husband Simon Konecki in 2019, before finalising their divorce in March this year.</span></p> <p><span style="font-weight: 400;">They have one son together, nine-year-old Angelo.</span></p> <p><em><span style="font-weight: 400;">Image: adele / Instagram</span></em></p>

Relationships

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Rich feelings: better or worse?

<div class="copy"> <p>t’s the age-old question: we all want money, but does it <a href="https://medium.com/@natalie.parletta/money-doesnt-bring-happiness-yet-we-keep-spending-ef0faf3047fb">make us happy</a>? Invariably, the answer is nuanced but some consistent themes have emerged.</p> <p>Researchers have pooled data on the relationship between money and emotions from more than 1.6 million people across 162 countries and found that wealthier people feel more positive “self-regard emotions” such as confidence, pride and determination.</p> <p>People with lower incomes, on the other hand, had more negative emotions towards themselves such as anxiety, sadness and shame, reports the study <a href="https://doi.org/10.1037/emo0000933">published</a> in the journal <em>Emotion</em>. </p> <p>Perhaps not surprisingly, having a greater sense of control mediated those feelings – in other words, people with more wealth and higher positive self-regard also felt more in control of their life’s direction and ability to surmount obstacles. </p> <p>These results held true across high-income and developing countries.</p> <p>But wait – there’s more to it.</p> <p>When it comes to feelings people have towards others – such as love, anger, gratitude and compassion – the findings aren’t so clear-cut: there wasn’t a consistent link between these emotions and income. </p> <p>“Having more money doesn’t necessarily make a person more compassionate and grateful, and greater wealth may not contribute to building a more caring and tolerant society,” says lead author Eddie Tong, from the National University of Singapore.</p> <p>Happiness and other global emotions also had no consistent relationship with income across countries, so the jury is still out on that one – clearly other factors are at play.</p> <p>It’s important to note that the study, based on five large data sets, is correlational – although notably, longitudinal analyses of US data showed that income predicted self-regard emotions over time.</p> <p>The relationships were relatively small so the true picture is more complex. But the authors note that “some small effects may accumulate into practically significant effects in real life over time.</p> <p>“The findings here may thus have substantial real-world relevance, at both individual and societal levels.”</p> <img id="cosmos-post-tracker" style="opacity: 0; height: 1px!important; width: 1px!important; border: 0!important; position: absolute!important; z-index: -1!important;" src="https://syndication.cosmosmagazine.com/?id=141200&amp;title=Rich+feelings%3A+better+or+worse%3F" alt="" width="1" height="1" /></div> <div id="contributors"> <p>This article was originally published on <a rel="noopener" href="https://cosmosmagazine.com/health/body-and-mind/rich-feelings-better-or-worse/" target="_blank">cosmosmagazine.com</a> and was written by Natalie Parletta. </p> </div>

Money & Banking

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“The powerful and rich are not exempt”: Prince Andrew sued over alleged sexual assault

<p><span style="font-weight: 400;">TRIGGER WARNING: SEXUAL ASSAULT</span></p> <p><span style="font-weight: 400;">Australian-American Virginia Giuffre, one of Jeffrey Epstein’s longtime accusers, has sued Prince Andrew, saying he sexually assaulted her when she was 17.</span></p> <p><span style="font-weight: 400;">Ms Giuffre’s lawyers filed the lawsuit in Manhattan federal court on Monday.</span></p> <p><span style="font-weight: 400;">In a statement, Ms Guiffre said the lawsuit, where she alleges she was trafficked to him and sexually abused by him, was brought under the Child Victims Act.</span></p> <p><span style="font-weight: 400;">Under the act, victims of childhood sexual abuse can file a lawsuit up to the age of 55 against a person or institution that may have been involved.</span></p> <p><span style="font-weight: 400;">“I am holding Prince Andrew accountable for what he did to me,” she said.</span></p> <p><span style="font-weight: 400;">“The powerful and rich are not exempt from being held responsible for their actions.</span></p> <p><span style="font-weight: 400;">“I hope that other victims will see that it is possible not to live in silence and fear, but to reclaim one’s life by speaking out and demanding justice.</span></p> <p><span style="font-weight: 400;">“I did not come to this decision lightly,” she continued.</span></p> <p><img style="width: 400px; height: 500px;" src="https://oversixtydev.blob.core.windows.net/media/7843011/82482731_153388842942400_6058970600144240907_n.jpg" alt="" data-udi="umb://media/ef68d67ff30c4f0f91e5656b1a98dbf1" /></p> <p><em><span style="font-weight: 400;">Image: Virginia Guiffre / Instagram</span></em></p> <p><span style="font-weight: 400;">“As a mother and a wife, my family comes first - and I know that this action will subject me to further attacks by Prince Andrew and his surrogates - but I knew if I did not pursue this action, I would be letting them and victims everywhere down.”</span></p> <p><span style="font-weight: 400;">In a previous interview with </span><em><span style="font-weight: 400;">BBC Newsnight </span></em><span style="font-weight: 400;">in 2019, Prince Andrew said he had never had sex with Ms Guiffre.</span></p> <p><span style="font-weight: 400;">“It didn’t happen,” he said.</span></p> <p><span style="font-weight: 400;">He continued to say he had “no recollection” of ever meeting her and that there were “a number of things that are wrong” about her account of the encounter that allegedly occurred in 2001.</span></p> <p><span style="font-weight: 400;">“I can absolutely categorically tell you it never happened,” Andrew said.</span></p> <p><span style="font-weight: 400;">According to the allegations, Prince Andrew abused Ms Guiffre multiple times while she was under the age of 18.</span></p> <p><span style="font-weight: 400;">On one occasion that allegedly occurred in Ghislaine Maxwell’s home in London, Guiffre was allegedly forced by Epstein, Maxwell, and Prince Andrew to have sexual intercourse with the prince against her will.</span></p> <p><span style="font-weight: 400;">The lawsuit also claims that on a separate occasion, Prince Andrew allegedly sexually abused Guiffre at Epstein’s New York home, where Maxwell forced Guiffre and another victim to sit on Andrew’s lap while he touched her.</span></p> <p><span style="font-weight: 400;">Additionally, the lawsuit alleges that Andrew sexually abused the plaintiff on Epstein’s private island in the US Virgin Islands.</span></p> <p><span style="font-weight: 400;">During each incident, Epstein, Maxwell, and/or Prince Andrew gave her “express or implied threats” to engage in the sexual acts with the prince, according to the lawsuit.</span></p> <p><img style="width: 500px; height: 331.54296875px;" src="https://oversixtydev.blob.core.windows.net/media/7843012/gettyimages-1192977806.jpg" alt="" data-udi="umb://media/d29f2f9760cf45bd9be04d6525fdfc5f" /></p> <p><em><span style="font-weight: 400;">Melania Trump, Prince Andrew, Gwendolyn Beck, and Jeffrey Epstein. Image: Getty</span></em></p> <p><span style="font-weight: 400;">Ms Maxwell, 59, has pleaded not guilty to sex trafficking charges, and will face trial at Manhattan federal court in November.</span></p> <p><span style="font-weight: 400;">Epstein died at the age of 66 while in federal jail in Manhattan in August 2019, one month after his arrest for sex trafficking charges.</span></p> <p><span style="font-weight: 400;">Manhattan prosecutors have formally requested to speak with Prince Andrew as part of their continuing probe into Epstein and his encounters with women and teenage girls.</span></p> <p><span style="font-weight: 400;">Ms Guiffre’s action comes as a fund set up to pay Epstein’s victims announced that it had largely completed its work on Monday, after agreeing to provide $US 125 million ($NZD 179 million) to more than 135 individuals.</span></p> <p><span style="font-weight: 400;">The Epstein Victims Compensation Program, administered by Jordana Feldman, was designed as an alternative to lawsuits, which could take years to result in a payout.</span></p> <p><span style="font-weight: 400;">Ms Feldman said 92 percent of 150 eligible applicants have accepted the payments offered by the fund, which were financed with money from Epstein’s estate.</span></p>

Legal

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13 things rich people never waste their money on

<p><strong>Impulse buys</strong></p> <p><span>Sure, it might be enticing to snag the cashmere sweater in the store window or the newest car on the lot. But making a purchase on a whim is something you will never see a wealthy person do. “If you buy things you do not need,” billionaire investor Warren Buffet told Forbes, “soon you will have to sell things you need.” It doesn’t mean millionaires don’t buy lavish items, they just put thought into them and their bottom line before swiping their credit card. Here are 13 nearly effortless ways to be more thrifty.</span></p> <p><strong>Extreme inheritances</strong></p> <p><span>It’s fantasy to think we can all leave a mountain of money to our children and grandchildren, so they don’t have to budget as we did. But large inheritances are something rich people don’t use their money for. Why? Well, Bill Gates and Mark Zuckerberg both said they want their children to find their way rather than relying on a handout, according to CNBC. Instead, both billionaires are giving significant portions of their fortunes to charity to help those who need it most.</span></p> <p><strong>TV channels and video games</strong></p> <p><span>Rich people didn’t amass their fortune sitting around staring at a screen all day. That’s why they don’t waste money on jumbo TV packages or the latest video games. According to 2015 data from Nielsen, adults in households with annual incomes below $25,000 spent considerably more time consuming media (through TV, video games, or radio), compared to adults in households with annual incomes over $75,000. “We expected high-income households to own more devices, but we did not anticipate that low-income consumers of all devices had greater usage,” says Glenn Enoch, Nielson’s SVP of Audience Insights. Thomas Corley, the author of Rich Habits: The Daily Success Habits Of Wealthy Individuals found that 67 per cent of “rich” people say that they don’t watch TV.</span></p> <p><strong>Luxury brands</strong></p> <p><span>Millionaires can afford the latest fashions from the top designers, but that doesn’t mean they’re spending their hard-earned money on high-end apparel. In fact, the founder of IKEA, Ingvar Kamprad, told Newsweek that he doesn’t wear anything that is not from a flea market to “set a good example,” and Bill Gates told Time that he still wears a $10 watch despite being able to afford a closet full of Rolexes.</span></p> <p><strong>An over-priced home</strong></p> <p><span>Although their home-buying budget is considerably higher, rich people still look for deals. They want to feel like they’re getting the most value for their dollar and not like they’re getting ripped off. Yes, they might be spending millions, but they’re going to try to bargain with the list price like anyone else. Some wealthy individuals even go so far as not to purchase an extravagant home at all. According to U.S. News and World Report, Warren Buffett may be the third-richest man in the world, but he still lives in the home he bought in 1958 for $31,500.</span></p> <p><strong>Buying instead of renting</strong></p> <p><span>Some rich folks are going so far as to not even deal with the hassle of buying a home. Many are opting to rent, according to Extra’s Mansions and Millionaires host Michael Corbett. “Renting is more popular than ever, even among the wealthy,” he told huffingtonpost.com. “While it once made sense for people who could afford it to buy a home and flip it after two years, and the market has improved moderately this year, we’re hardly in a boom.”</span></p> <p><strong>Pricey grooming</strong></p> <p><span>Everyone needs a trim once in a while, but some famous rich people don’t think it warrants whipping out the wallet. John Caudwell, businessman and billionaire cuts his own hair, according to TIME, and IKEA founder, Ingvar Kamprad told Newsweek that he’s had his hair cut when he is in developing countries as a way of giving back.</span></p> <p><strong>Multiple credit cards</strong></p> <p><span>It’s understandable that a wealthy person might not want to walk around with a ton of cash in their wallet. But don’t think for a second that their wallet is filled with a credit card from every bank. Tom Corley, author of the best-selling book Rich Habits: The Daily Habits of Successful People, told U.S. News and World Report: Only 8 per cent of rich people use more than one card. Meanwhile, 77 per cent of poor people have multiple credit cards. With more cards, there are more fees to keep track of, more finance charges to accrue, and generally more opportunity to buy things you don’t need.</span></p> <p><strong>Late fees</strong></p> <p><span>No one likes to pay pesky late fees when they miss a bill or payment, especially rich people. That’s why they’re diligent about setting up auto-pay on all their accounts, from mortgages and car payments to credit cards and insurance, according to David Bach, author of Smart Women Finish Rich. As he told Learnvest, “late fees can add up to a fortune.”</span></p> <p><strong>Things that don't last</strong></p> <p><span>Even if rich people have the money to replace an item that wears out or breaks, they still don’t want to waste their money that way. “Wealthy people understand that the cheapest route isn’t always the most valuable,” Peter Bush, a wealth management expert, told Learnvest. “They can take the long view and consider how what they pay today compares with the worth over time.”</span></p> <p><strong>Stuff over experiences</strong></p> <p><span>Research has shown that money and material things can generate only so much happiness. Instead, it’s meaningful experiences that lead to a truly fulfilling life. According to Jaime Tardy, author of The Eventual Millionaire, the wealthy choose once-in-a-lifetime experiences over new gadgets. As Tardy told The Week, she knows several millionaires that have old iPhones rather than the newest model.</span></p> <p><strong>Retirement</strong></p> <p><span>Now, look: No one is going to advise you against investing money in your superannuation savings. But for rich people, retirement isn’t a focus mostly because self-made billionaires don’t plan to retire, according to CNBC. A 2010 study from Barclay’s Wealth, published on CNBC, revealed that 54 per cent of millionaires want to work right through their retirement years, and 60 per cent of people with a net worth of $15 million plan to work “no matter what their age.”</span></p> <p><strong>Gambling</strong></p> <p><span>Of course, rich people don’t need to play the lottery since they’ve already struck it rich. But they are still against wasting their money on gambling. Warren Buffet has bashed the whole idea, saying it’s the government preying on its citizens. “A government shouldn’t make it easy for people to take their social security cheques and [waste them pulling] a handle,” he has said. He also put a slot machine in his home to show his children that when he gave them their allowance, they would fall into temptation and end up spending it all in one day.</span></p> <p><em><span style="font-weight: 400;">Written by <span>Jordi Lippe-McGraw</span></span><span style="font-weight: 400;">. This article first appeared in </span><a rel="noopener" href="https://www.readersdigest.co.nz/food-home-garden/money/13-things-rich-people-never-waste-their-money-on" target="_blank"><span style="font-weight: 400;">Reader’s Digest</span></a><span style="font-weight: 400;">. Find more of what you love from the world’s best-loved magazine, </span><a href="https://readersdigest.innovations.co.nz/c/readersdigestemailsubscribe?utm_source=over60&amp;utm_medium=articles&amp;utm_campaign=RDSUB&amp;keycode=WRA93V"><span style="font-weight: 400;">here’s our best subscription offer</span></a><span style="font-weight: 400;">.</span></em></p>

Retirement Income

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What rich people won’t tell you

<p>Most of the world's mega-rich weren't always rolling in it. Here's how to become a money magnet...</p> <p><strong>We’re cheapskates and proud of it</strong></p> <p>“I think about it this way: not spending money is the same as making money. So if I save $2000 by not flying first class, that’s the same as someone paying me $2000. Wouldn’t you sit in an uncomfortable chair for three hours for $2000?” says a successful US plastic surgeon</p> <p>“When you open up the paper and you see those coupons, it looks like dollar bills staring you in the face … It’s how I grew up. Why not?” agrees Hilary Swank to talk show host Kelly Ripa, on clipping coupons</p> <p>“People are always surprised that I don’t have a closetful of suits. I buy three suits every five or so years and own only ten in total. That’s all I need.” T. Boone Pickens, oil billionaire, explains in an interview with Kiplinger’s magazine in 2012</p> <p>“I go to the ATM only once a week and pay for everything with cash. That way, I’m forced to stay on a budget without counting pennies and saving receipts. I can spend only what is in my wallet. I turn it into a game where each week, I reduce my ATM withdrawal amount by $20 to determine how low I can really go,” recommends Alan Corey, author of A Million Bucks by 30</p> <p>“We have neighbours who are billionaires, but you would never know it. The really wealthy are usually not the ones who wear the most expensive clothes, have the latest handbags, or drive flashy cars. In Martha’s Vineyard, you see a lot of people who live in houses that sell for $10 million driving ten-year-old Toyotas,” says a successful US plastic surgeon</p> <p><strong>We’re just like you</strong></p> <p>“Many of the super-wealthy have huge homes with specific rooms dedicated to entertaining. Your home might not have a ballroom, but you can save yourself stress by creating an off-limits area when entertaining. Bonus: you can shove the ‘I don’t know what to do with this stuff’ pile into one of those rooms and shut the door,” a real estate broker from Million Dollar Listing New York on television explained.</p> <p>“Contrary to popular belief, the rich do pay taxes – a lot of taxes. And they don’t all have teams of high-priced lawyers and accountants to do the paperwork. Many of them do their own with [US tax software] TurboTax, just like the rest of the world,” recommends a partner at a prestigious law firm</p> <p>“Millionaires tend to pay about $16– including tip – for a haircut at a traditional barbershop.” Researchers from the University of Georgia Survey Research Institute discovered.</p> <p><strong>We loathe waste</strong></p> <p>“I get a tremendous amount of satisfaction from not wasting things. I still collect all the tiny pieces of soap and put them together into one bar. I still squeeze the toothpaste tube dry. And I grow a lot of my own vegetables,” laughs August Turak, founder of two successful software companies and author of Business Secrets of the Trappist Monks</p> <p>“One time my granddaughter was filling out all this paperwork, and there were several paper clips. I told her to take them off so she could reuse them. She said, ‘Grandma, do you know how cheap paper clips are?’ I said, ‘Do you know how far a penny can stretch when you need it to?’” Pat Brennan, co-owner of Brennan Builders, a US building company specialising in custom homes at an average price of $500,000, remembers teaching her daughter.</p> <p><em>Written by Michelle Crouch. This article first appeared in <a href="https://www.readersdigest.com.au/money/25-things-rich-people-wont-tell-you">Reader’s Digest</a>. For more of what you love from the world’s best-loved magazine, <a href="http://readersdigest.innovations.co.nz/c/readersdigestemailsubscribe?utm_source=over60&amp;utm_medium=articles&amp;utm_campaign=RDSUB&amp;keycode=WRN93V">here’s our best subscription offer.</a></em></p>

Money & Banking

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Fibre-rich breakfast ideas

<p><span class="image-caption">Courtesy of Sanitarium.</span><span></span></p> <p>These breakfast ideas contain fibre which keeps you feeling full for longer and is great for digestion too. It can be hard finding ways to incorporate fibre into your diet in sufficient quantities but adding it to your breakfast means you’re off to a great start!</p> <p>If you’re looking for an easy and wholesome way of starting your day, a breakfast smoothie is a quick and tasty fix. Likewise, the bircher muesli is prepared the night before and just needs a few blueberries or <a href="https://www.wyza.com.au/articles/health/nutrition/pick-the-right-fruit-for-better-health.aspx" title="Pick the right fruit for better health">your choice of fruit</a> added before serving. <span>The corn fritters would make a delightful addition to a weekend brunch. </span></p> <p><strong>Breakfast Smoothie</strong><br />Serves 4 <br />Ingredients:</p> <ul> <li><span>2 cups FibreStart </span></li> <li><span>1 cup frozen mixed berries </span></li> <li><span>1 ripe banana, peeled </span></li> <li><span>1 Weet-Bix, broken </span></li> <li><span>1 tbsp honey </span></li> <li><span>½ cup crushed ice </span></li> </ul> <p>Method: <br />Place all ingredients in a blender and mix until smooth. <br />Divide between glasses, serve and enjoy!</p> <p><strong>Berrylicious Bircher Muesli</strong><br /><span>Serves 4 <br /></span><span>Ingredients: </span></p> <ul> <li><span>1½ cups rolled oats </span></li> <li><span>½ cup dry roasted almonds, roughly chopped </span></li> <li><span>¼ cup sultanas </span></li> <li><span>1½ cups FibreStart, plus extra to serve </span></li> <li><span>1 cup Greek style yoghurt </span></li> <li><span>125g blueberries </span></li> </ul> <p>Method: <br />Place the oats, almonds and sultanas in a large bowl. <br />Add FibreStart and yoghurt and stir to combine. <br />Cover with plastic wrap and refrigerate overnight. <br />When ready to serve, add the blueberries. <br />Serve in bowls, adding extra FibreStart to achieve your preferred consistency.</p> <p><em>Republished with permission of <a href="https://www.wyza.com.au/articles/health/nutrition/fibre-rich-breakfast-ideas.aspx">Wyza.com.au.</a></em></p>

Retirement Life

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Devour some rich brisket ragù

<p>When I lived in Texas I fell in love with beef brisket, and couldn’t understand why this delicious cut of meat wasn’t more popular in Australia. I put it down to people not knowing what to do with it. Because of all the thick connective tissue it has to be cooked very low and very slow, otherwise it is as tough as old boots. Cooked correctly, it simply melts in your mouth.</p> <p>You need to get started on this recipe well ahead of time, but the upside is that it makes a huge amount and tastes even better the next day. Serve it with fresh pasta for the most amazing meal of your life. (Big call, but my good friend Poppy made it!)</p> <p><strong>Note:</strong><span> </span>This recipe uses a thermo cooker.</p> <p><strong>Serves:</strong> 10</p> <p><strong>Ingredients</strong></p> <ul> <li>2kg boneless beef brisket</li> <li>30g macadamia oil</li> <li>6 sprigs fresh rosemary</li> <li>2 brown onions, peeled and halved</li> <li>4 garlic cloves, peeled</li> <li>700g tomato passata</li> <li>400g can diced tomatoes</li> <li>250g red wine</li> <li>60g stock concentrate</li> <li>50g balsamic vinegar</li> <li>20g Dijon mustard</li> <li>20g brown sugar</li> <li>100g rocket</li> <li>100g pecorino or parmesan, shaved (optional)</li> </ul> <p><strong>Directions</strong></p> <ol> <li>Preheat oven to 200°C.</li> <li>Place meat flat in a large casserole dish, fatty side up. Choose a dish that fits the meat snugly, but still allows it to lie completely flat. Rub meat with 10g macadamia oil and scatter with rosemary sprigs. Roast for 30 minutes, uncovered.</li> <li>Meanwhile, place onion and garlic in thermo cooker bowl, chop for 5 seconds, speed 5. Scrape down sides.</li> <li>Add remaining 20g macadamia oil, sauté for 6 minutes, 100°C, speed 1.</li> <li>Add passata, tomatoes, red wine, stock concentrate, vinegar, mustard and sugar. Mix for 5 seconds, speed 4.</li> <li>Cook for 10 minutes, 100°C, speed 1.</li> <li>Remove meat from oven and pour over the tomato mixture, ensuring meat is submerged as much as possible. Cover with a tight-fitting lid or foil. Reduce temperature to 140°C and roast for 4 hours.</li> <li>Remove lid or foil and cook, uncovered, for a further 1 hour, or until sauce is thick and reduced and meat pulls apart easily.</li> <li>Remove meat from oven and set aside to rest for 30 minutes. Shred meat using two forks and stir through pan juices.</li> <li>Serve ragù with fresh pasta, polenta or mashed potato. Top with rocket and cheese.</li> </ol> <p><em>Recipe extracted from Everyday Thermo Cooking by Alyce Alexandra, published by Penguin Random House, RRP $39.99. Available in all good bookstores and <a rel="noopener" href="https://www.penguin.com.au/books/everyday-thermo-cooking-9780143784456" target="_blank">online</a>.</em></p> <p><em>Image credit: Loryn Babauskis.</em></p> <p><em>This was republished with permission of <a href="https://www.wyza.com.au/recipes/rich-brisket-ragu.aspx">Wyza.com.au</a></em></p>

Food & Wine

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Why being rich won’t make us happier

<p>Decent people take comfort in the idea that money is not profoundly connected with happiness.</p> <p>There are statistics that suggest that as income increases happiness does not rise to an equal degree; and that beyond a modest threshold, money does not make a big difference to one’s happiness.</p> <p>It’s a likeable thesis: it cheers for the underdog. It spits in the eye of money – and most people have been humiliated or disappointed by money at some time or other; there is a pleasure of revenge.</p> <p>Deep down we know that it would be too terrible if money could – by itself – cause happiness, with the clean causal power by which, for instance, alcohol makes us drunk.</p> <p>If money were a sufficient cause of happiness, the world would be truly hellish. If money, gained in whatever way (by undetected fraud, by sheer luck, by being above the law) and spent in whatever way (on tinsel, on securing flattery, on satisfying one’s most irresponsible and transient wishes) reliably produced happiness (the most desirable of all human conditions, the proper objective of our striving), how could one explain such an arrangement? Only a malevolent designer could create such a hideous order of things.</p> <p>But to win this point is not really to achieve much. For the question is not can money pure and simple produce happiness? The question is rather what connections, of more subtle kinds, there may be.</p> <p>By an unfortunate series of cultural events this crucial question has come to seem mean-spirited and philistine. It sounds cruel to ask: how can money produce happiness? Or, more provocatively, how can you buy happiness?</p> <p>In fact, this line of investigation deserves the utmost devotion of philosophical effort; we should treat it with the loving intelligence that went into working out the secret laws of nature.</p> <p>The first thing we have to do is look more closely at the idea of happiness. When we talk of happiness we sometimes mean a state of inner buoyancy, a sensation of inner satisfaction. And one can well imagine that money has only limited long-term effects on such feelings.</p> <p>But that inner state of buoyancy is not the true aim of most people’s lives. Of course, we all want to feel good about ourselves, not worry too much and not be depressed.</p> <p>Unless we have been kicked into desperation by life, we really don’t see the big issue as “how yummy do I feel?”</p> <p>Instead we see the issue as how much do I believe in what I am doing; what is the state of my self-respect? Do I give my life to worthy ends. How fully can I realise my higher nature. Have I served the good I see and the good I long to see?</p> <p>I believe that such concerns are true to human aspiration – and that few people would worry that they will bring with them a fair degree of anxiety, anguish, worry and disappointment. We’re not made of porcelain.</p> <p>In fact, what we usually mean by a happy life is flourishing. Flourishing is a semi technical term – the standard way of stating the realisation of a person’s best potential. If you live in a thuggish culture, or just a vulgar or silly one, it is certainly possible to feel good about yourself; but that would have little to do with realising your best potential or developing and exercising your best capacities. While feeling good about yourself seems to have natural limit, the good exercise of your capacities can always increase.</p> <p>Flourishing – or the larger, deeper ideal of happiness – is like beauty; it is an emergent property. An artist cannot endow a picture with beauty by adding one magical ingredient. But all the elements, worked together in the right way, may produce a ravishing portrait or a gracious still life.</p> <p>It is perfectly clear the mere possession of money does not enable a person to make the kinds of choices, or undertake the kinds of activities that constitute a flourishing life.</p> <p>Goethe provided us with a central metaphor here. In his novel Whilhelm Meister’s Apprenticeship – written in the last decade of the 18th century – he writes: “life lies before you, like a huge quarry before an architect. He does not deserve the name of architect unless out of this chance mass of material he can, with maximum economy, fitness and durability fashion a dwelling place” - that is, make a life.</p> <p>The material is diverse - external and internal (character traits, genetic endowment, nurture, historical circumstance …); it is fortuitous because you do not choose it; it is a mass before it is organised. But what you do with it depends upon your ideas, abilities, inspiration, drive, ambition, appetite to face difficulties and overcome them, the beauty of your ideals and the refinement of your taste.</p> <p>His point is that, of course you can have all kinds of resources – and money is just the abstract name for resources – but not know how to use them to make anything wonderful.</p> <p>On the other hand, a skilled person, with the right attitude of overcoming problems and making much out of little, can produce something admirable and fine with apparently unpromising materials. (And how much more, one might think, such a person could do if they were granted a bit more access to the quarry.)</p> <p>Flourishing, in the eyes of Goethe, is not something that happens apart from the resources we happen to have to hand.</p> <p>The mantra of happiness tends to invite us to be poor – to tell us that we already have far too much, and that money, things etc are not ways of being happy. It plays up to inner bolshevism: the idea that a human being really doesn’t need all that much by way of material resources.</p> <p>But, if one thinks, as I do, that every person deserves to live in a city as gracious as Bath, or with as rich a culture as Edinburgh, that many more people need the time to think for themselves and the stimulus and guidance to cultivate their inner lives; that we all need a lot more dinner parties, and many more leisurely conversations in which our minds can meet – then really we are saying that we need two things: we need more material prosperity, we need more resources but we also need to use those resources in a more enlightened way – as architects of our own flourishing.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;" src="https://counter.theconversation.com/content/1188/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: http://theconversation.com/republishing-guidelines --></p> <p><em>Written by <span>John Armstrong, Philosopher, University of Melbourne</span>. Republished with permission of <span><a href="https://theconversation.com/a-deficit-of-the-soul-or-why-being-rich-wont-make-australia-happier-1188">The Conversation</a></span>.</em></p>

Mind

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Rich dark fruitcake

<p>Community contributor, the lovely Anne Taylor, strikes again with her delicious recipe for rich dark fruitcake.</p> <p><strong>Makes:</strong> Three cakes (to make one divide ingredients by three)</p> <p><strong><span style="text-decoration: underline;">Ingredients:</span></strong></p> <p> </p> <ul> <li>2 cups raisins</li> <li>2 cups currants</li> <li>2 cups dried apricot halves</li> <li>2 cups dried figs, halved and stalk removed</li> <li>2 cups prunes</li> <li>2 cups dates</li> <li>4 cups citrus peel</li> <li>½ cup candied ginger (optional)</li> <li>2 teaspoons cinnamon</li> <li>2 teaspoon ground allspice</li> <li>2 teaspoon nutmeg</li> <li>1 cup treacle</li> <li>2 cups brandy</li> <li>½ cup orange liqueur</li> <li>4 cups plain flour</li> <li>1 tablespoon baking powder</li> <li>1 teaspoon bicarb soda</li> <li>1½ teaspoons salt</li> <li>500 grams butter</li> <li>3 cups dark brown sugar – lightly packed</li> <li>8 eggs</li> <li>1 tablespoon vanilla extract</li> </ul> <p> </p> <p><span style="text-decoration: underline;"><strong>Method:</strong></span></p> <p>1. In a mixing bowl cut up apricots, figs, prunes, and dates (I use scissors). Add raisins, currants, mixed peel and whole nuts.</p> <p>2. Add the candied ginger (if required) and the cinnamon, allspice, nutmeg, and cloves; toss well to mix. Add treacle, brandy, and orange liqueur and mix well. Cover and let stand overnight at room temperature.</p> <p>3. The next day, preheat oven to 120 degrees. Line the tins with foil and baking paper. I use (1) - 3 Kg tin (25 cm - (9.2") -  (1) – 2 Kg tin (23 cm ( 9")   and (1) 1 Kg ( 17 cm (7") tin or any combination you require.</p> <p>4. Combine the flour with baking powder, bicarb soda and salt and sift. Sprinkle three cups of flour over fruit mixture and stir to coat well.</p> <p>5. Cream the butter, add the brown sugar and beat well. Add eggs mixture. I beat all eggs separately in a bowl and pour in portions at a time. Add the vanilla extract.</p> <p>6. Add the remaining cup of flour and beat until batter is blended and smooth.</p> <p>7. Pour batter over fruit; mix well until everything is coated with batter. I use two large aluminium bowls to combine the mixture.  Then combine the mixture into one bowl and mix to make sure the mixture is even throughout.</p> <p>8. Divide batter among cake tins.</p> <p>9. Bake for four or five hours or when a toothpick inserted in the centre comes out clean. Sprinkle cakes with brandy – about two capfuls. Leave in the oven until cool.</p> <p>To read more of Anne’s recipes you can visit her blog <a href="http://aussie-products.com.au/category/recipes/">here</a> or her Facebook page <a href="https://www.facebook.com/buyaustralianproducts?ref=bookmarks">here</a>.</p>

Food & Wine

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How the very rich holiday

<p>For three glorious days in Fiji recently I had taste of what life is like for the privileged - or at least the more privileged than me.</p> <p>It was a life of private departure lounges, private travel, private dining by private beaches next to private pools in private villas. I will publicly admit that I liked it very much.</p> <p>And now I want to live like that all the time...</p> <p>The experience begins with a short and extremely spectacular helicopter ride, courtesy of Island Hoppers, from Nadi Airport to Vomo Island.</p> <p>Swooping down over the lush ferns, fragrant frangipanis, hibiscus, orchids and other tropical plants, is an awe-inspiring experience. Half of the 90-hectare private island is dominated by an inactive volcano, surrounded by coconut palms, white sand and the south Pacific.</p> <p>As we descend, I can see a small phalanx of staff lined up near the grass helipad, all waving in greeting. I feel important, even though I know I am not (well, not especially) and that this is the sort of warm, traditional Fijian greeting new arrivals receive whatever their mode of transport and personal status. It's hard not to want to be greeted like this whenever you arrive anywhere.</p> <p>All rooms on the island are villas, with a choice of beachfront, hillside or garden view: all 27 are welcoming and spacious, sleeping three adults or two adults and two kids. A complimentary daily laundry service and L'Occitane amenities add to the distinct sense of luxury and seclusion.</p> <p>Somewhere on this island there is a child named Ryder. I know this because Ryder's mother uses Ryder's name, loudly and often. "Ryder, put on your hat!""Sunscreen, Ryder. Sunscreen!""Put down that coconut, Ryder!"</p> <p>We are shown to our quarters, a sprawling two-bedroom villa which, in addition to a large kitchen and dining area, two ensuite bathrooms and courtyard with an outdoor shower, has its own pool.</p> <p>And a beautiful view of the beautiful beach. Our friendly and discreet butler, Joe, is everywhere, from the residence to the restaurant, serving us and making sure we are comfortable and happy and without unfulfilled needs and desires (at least earthly, material ones).</p> <p>He's on duty and ever-present from 7am until whenever we're done at night. I decide that he will get a big tip.</p> <p>There are no other resorts or villages on the island, so we guests have exclusive use of the entire property - including the hikeable volcano - as we would on our own private island. The sense of privacy, of privilege and exclusion, of blissful isolation from the rest of the world has already seduced me.</p> <p>I quickly come to realise that this is how super-celebrities like Beyonce and Jay Z and little baby Blue Ivy Carter enjoy holidays. And then I realise how wrong I am; this is how they enjoy life. It further occurs to me that one of the best parts of such a cloistered life would be not having to hear other parents telling their kids named Ryder how good they are at listening or wearing hats.</p> <p>Meals are included at Vomo, and the modern, Asian-influenced cuisine is exceptional, as is the poolside setting, which at night is beautifully lit.</p> <p>My wife and I chat with some charming young Italians who are on their honeymoon: Francesco, an anaesthetist; and his wife of three weeks, Marie-Angela, a very funny lawyer who derived much amusement from teasing her husband - her very new husband - about how anaesthetists aren't real doctors and why would he pursue a PhD in putting people to sleep; what more could there be to learn?</p> <p>The next morning my daughter, Sylvie, and I feed fish on the beach with a few other families. I'm ashamed to admit that when we're finished I desperately want the other guests to see me entering the grounds of the nearby private residence. I want them to see me and to envy me.</p> <p>And I want that because in every moment of my "normal" life back in the world I am that other person - slyly, enviously observing the wealthy and privileged, thinking to myself, "Why them? Why not me?" So now it's me, and I can reliably report that it is far better to be me living this life than the other me living the other one.</p> <p>Later, I feel the urge to snorkel and join a late-morning expedition. It is the bluest blue water I have ever been in, and in the blue, blue waters of the south Pacific that's really saying something.</p> <p>I do that scuba-style, backwards-off-the-boat entry for the first time in my life, feeling both keenly professional and utterly foolish. I make a pretty big splash when my back hits the sea but at least I don't come up spewing out water, crabs attached to my fingers.</p> <p>Later that day, or maybe it's the next - time has a way of dissolving on a tropical island - we have a picnic on the beach. Shaded by palms and re</p> <p>d jacarandas, a long table on a wooden deck is laid with fresh seafood - oysters, prawns, lobster tails, and sushi. Sitting in a sweating ice bucket nearby is a crisp New Zealand riesling and chilled Fiji water. There is also a cheese and olive toasted sandwich for Sylvie, the same as she'd ordered on our first day.</p> <p>It's a nice thoughtful touch, typical of the attention to detail here at Vomo. Above us is a clear blue sky, above calm, warm turquoise water. It is as close to the perfect tropical island moment I've ever experienced.</p> <p>Except for this: drinking a mojito on the deck of the Rocks Bar, on the western tip of the island, as the sun sets behind Vomo Lailai, the spectacular vertical rock outcrop a few hundred metres across the water. It's almost impossible not to feel as though you're in a movie. Or you're a movie star in your actual life.</p> <p>Too soon, and in decidedly non-movie star fashion, I must decline a second cocktail in order to take Sylvie back to our villa for her dinner. On the way she asks "Why don't animals wear clothes?" and, perhaps thanks to the cocktail, I have no good answer.</p> <p>The next day is our last and after breakfast it's time to leave. As we wait for the helicopter to land and levitate us back into our normal lives, a few staff members sing a farewell song.</p> <p>In between verses, I slip Joe an envelope containing his tip. I have no idea what he makes, but it's less than me for a lot more work. Still, he works on a tropical island and I sit at a desk in an open-plan office, remembering how sweet - and private - life can be.</p> <p><em>Written by Sean Condon. First appeared on <a href="http://www.stuff.co.nz/" target="_blank"><strong><span style="text-decoration: underline;">Stuff.co.nz</span></strong></a>. </em></p>

International Travel