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The global economic crisis has hit home for Tom Friedman. When the New York Times columnist married heiress Ann Bucksbaum in 1978, he joined one of America’s richest families: The Bucksbaums founded General Growth Properties, the shopping mall giant worth an estimated $4 billion just two years ago…
But their retirement fund probably just got smaller. In one of the largest real estate failures ever, GGP filed for Chapter 11 last week, and the Bucksbaum family fortune is now down to a measly $25 million.
Estimated total value in December 2007 of the family fortune of Thomas Friedman’s wife: $3,500,000,000
Percentage change in the value of that fortune since then: –97
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Percentage of non-Christian Americans who say they believe in the resurrection of Christ:
A newly translated Coptic text alleged Judas’ kiss to have been necessitated by Jesus’ ability to shape-shift.
Russia reportedly dropped a series of math texts from a list of recommended curricular books because its illustrations featured too many non-Russian characters. “Gnomes, Snow White,” said a Russian education expert, “these are representatives of a foreign-language culture.”
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Science’s crisis of faith