'Old Friend'

What You Need To Know

Today’s posts that caught my eye:

1. Global wealth tripled over the last two decades, with China leading the way and overtaking the U.S. for the top spot worldwide, McKinsey reports. In China and the U.S. — the world’s biggest economies — more than two-thirds of the wealth is held by the richest 10% of households, and their share has been increasing.

2. The Ge…