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    <name><![CDATA[Shinichi]]></name>
    <location><![CDATA[San Diego, CA]]></location>        
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      <rating>4</rating>
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  <read_at>Sat Jan 05 00:00:00 -0800 2008</read_at>
  <date_added>Sat Feb 02 22:26:01 -0800 2008</date_added>
  <date_updated>Sat Feb 02 22:30:38 -0800 2008</date_updated>
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    <body><![CDATA[The book's subtitle says it all: A Journey through the American Wealth Boom and the lives of the New Rich. Oh, and it is quite a journey that Wall Street Journal writer Robert Frank takes as he interviews, observes, and hangs out with the newly rich.<br/><br/>The title, of course, is a play on Rich and istan, which seems to be the suffix for every newly minted Middle-Eastern/post-Soviet nation that keeps confounding American geographers, school children, and even temporary White House occupants.<br/><br/>While this nation doesn't have any borders, it has strata. Here is the breakdown Frank gives on the three main ones and the general worth of average citizens:<br/><br/>    * Lower Richistan: $1 million to $10 million.<br/>    * Middle Richistan: $10 million to $100 million.<br/>    * Upper Richistan: $100 million to $1 billion (and upwards)<br/><br/>While the book's title is humorous and he handles the issues with a light touch, Frank never treats his subjects with ridicule or malice. He points out some that have taken philanthropy into their own hands to make sure their money has a direct impact on social ills, locally and worldwide, versus simply throwing money at charities. He also doesn't fail to address that there is a growing inequality in our population as wealth grows. A definite must-read for sure.]]></body>
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