Tag: money
Cartoon – Taking It With You
The sad state of warehoused children
Russian orphanages are a scandal, said Jennifer Rankin. State institutions house nearly 400,000 children, a population larger than many cities. But less than one third of these children are actually orphans. Many “fall into the system when their parents, often fighting a losing battle with alcohol or drugs,” lose their parental rights. Even more of them—nearly half the total—have disabilities, […]
Read moreCartoon – In Another Universe
Cartoon – Buying Happiness
The Befuddling Effect of Poverty
The strain of worrying constantly about making ends meet depletes poor people’s brainpower, making them more likely to make bad decisions that can perpetuate the cycle of poverty. In fact, Princeton University researchers conclude in a new study, just feeling poor can quickly knock 13 points off a person’s IQ.To determine how financial worries affect thinking, the researchers posed various […]
Read moreMan Wins $250,000 On A Scratch Ticket Live On TV… While Reenacting car win.
A year ago, 37-year-old Australian truck driver Bill Morgan was crushed in a car accident and came close to dying. When his luck finally changed after winning a car on a scratch-off lottery ticket, the local media wanted to air his story. Well, it was during that reenactment that he got another surprise. The ticket he was scratching was yet […]
Read moreThe World’s Richest Individuals
According to a report from Oxfam the world’s eight richest people are worth as much as the 3.6 poorest people in the world. The total of their worth is $426 billion compared to 50% of the world’s poorest at $409 billion. The billionaires included in this list are Bill Gates ($75 billion), Warren Buffett ($61 billion), and Mark Zuckerberg ($45 […]
Read moreIncome inequality in china
China’s wealth gap has widened so much that the country now one of the most unequal outside of sub-Saharan Africa. A respected Chinese institute found this week that China’s Gini coefficient, a number that represents income inequality, has soared from 0.41 a decade ago to 0.61 today. Anything over 0.5 is considered to be destabilizing, and South Africa, where opulent […]
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