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Top Headlines: Delivered by Leonard Steinberg

December 09, 2024

01  72% of Americans surveyed report that they don’t feel they have enough financial confidence to manage a large influx of money by themselves.

(Citizens Bank survey of 1,500 U.S. adults)

02  The greatest people are self-managing. They don’t need to be managed... What they need is a common vision, and that’s what leadership is. Leadership is having a vision, being able to articulate that so the people around you can understand it, and getting consensus on a common vision.

— Steve Jobs

03  4 Cities in California and 3 in Florida were amongst the TOP 10 for median household wage growth between 2022 and 2023....Pine Hills, Florida, a suburb of Orlando, the median household income grew a whopping 65% to $71,735 between 2022 and 2023.

04  New York? London? Paris? HAH! For the 5th consecutive year, the 94027 ZIP code (primarily Atherton) led the US with a median list price of $7.75 million. Two more California ZIPs — both picturesque, coastal communities — made the top 10: 92657 (mostly Newport Coast), at $4.965 million, and 93108 (primarily Santa Barbara), at $4.85 million. New York State had two ZIP codes in the top 10 nationally: Sagaponack, with a median of $5.995 million, followed by Water Mill, with a median of $5.295 million, and Bridgehampton, with a median of $3.995 million.

(NY Times)

05  BITCOIN is now trading over $102,000!  A UK-led operation has uncovered a multibillion-dollar money laundering scheme run out of London, Moscow, and Dubai that enabled Russian spies and European drug traffickers to evade sanctions using ......cryptocurrency.  Tether has replaced bitcoin to become the “cryptocurrency du jour” for bad actors, according to NCA officials, as its tie to the US dollar helps criminals to ensure the value of the money is retained.