Archive for January, 2010

The Roman Catholic Church has made many people millionaires

Saturday, January 9th, 2010

It was reported by the BBC in March 2009 that in 2008 alone the number of new claims of sexual abuse made against Roman Catholic priests in the USA was more than 800, an increase of 16%.

In 2008 the Church paid out a staggering USD436 million for abuse cases, mostly as compensation to victims.

More than 1 in 5 victims were under 10 when they were abused, most likely away from prying eyes, perhaps behind closed-up window blinds.

In 2007, the Archdiocese of Los Angeles alone began paying settlements to around 500 people.

Source
The BBC, 14 Mar 2009

Famous people who wasted their fortune away

Saturday, January 2nd, 2010

The list should include the following, who would face quite a task in getting reasonable life insurance quotes:

Mike Tyson, former undisputed world boxing champion. From USD30 million a fight and a fortune more than USD300 million. By 2003, he had declared bankruptcy, owing about USD10 million to the IRS and others.

Thomas Jefferson, US president with probably the worst debt case ever.

Kim Basinger, Hollywood star to ill-advised investment on a town.

Mark Twain, writer who had a gambling problem.

MC Hammer, musician

Dennis Kozlowski, former CEO of Tyco International.

Source
cracked.com

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