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 […]
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SINCE 2006 THE INCOME GAP BETWEEN RICH AND POOR HAS GROWN \H THE 15 LARGEST U.S. CITIES
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A Bit of News Not Fake An article in the paper reports something one doesn’t see happen in America very often. Eighty billionaires, millionaires and others close to that level in New York have written to their lawmakers and governor asking to have their taxes raised. They want to support schools, build roads and bridges, and help the poor […]
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Minimum amount that Chinese citizens have moved into offshore bank accounts since 2002: $1,000,000,000,000
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“With money you can buy a house, but not a home. With money you can buy a clock, but not time. With money you can buy a book, but not knowledge. With money you can buy blood, but not life. With money you can buy sex, but not love.”
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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, […]
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There’s no way to structure this coherently. They are random observations that might help explain the mental processes. But often, I think that we look at the academic problems of poverty and have no idea of the why. We know the what and the how, and we can see systemic problems, but it’s rare to have a poor person actually […]
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