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The world’s richest people have discovered a new way to give their money away: a couple hundred bucks to one kid at a time.

Since John D. Rockefeller handed out dimes, the world’s richest have given away their money in very different ways. Now they are bypassing charity—and writing a new social contract.

The world’s richest people have discovered a new way to give their money away: a couple hundred bucks to one kid at a time.

We haven't written up this one. WSJ Economy has the full story — the link below goes straight to it.

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Year's 31st typhoon develops, 9th-most since data began in 1951: Japan

TOKYO (Kyodo) -- Japan's weather agency confirmed the formation of a typhoon early Saturday, the year's 31st, with the figure matching a previous year

  • Japan's weather agency reported 31st typhoon of the year, 9th-most since 1951.
  • Typhoon In-fa near Marshall Islands, moving southeast at 3 a.m. local time.
  • Typhoon Champi near Okinawa, 216 km/h winds, pressure 955 hPa.

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