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The Guardian (January 8)

2019/ 01/ 10 by jd in Global News

Many of the voters who voted for Brexit “felt abandoned and unheard in an increasingly unequal Britain marked by vast wealth in parts of south-east England and austerity and post-industrial abandonment elsewhere. Income levels in London have risen by a third since the financial crash–but have dropped by 14% in Yorkshire and Humberside.” Their concerns are real, but “all the major parties have, in different ways, let the country down on Brexit,” making a second referendum essential.

 

Chicago Tribune (December 26)

2018/ 12/ 26 by jd in Global News

“China is both a customer of the United States and a competitor. Friend but possibly foe. The relationship is complex and unresolved…. It may be China’s destiny to match the United States in wealth and firepower. Those are not reasons to fear China. They are reasons to engage the country today as a partner and challenge Chinese intentions when they appear threatening.”

 

New York Times (July 1)

2018/ 07/ 03 by jd in Global News

“There’s an anomaly in an economy that is supposedly running flat out: Many families still haven’t recovered the wealth they lost in the financial collapse…. Despite high stock prices and record home prices, household net worth since 2007 has decreased for all income groups — except the top 10 percent.”

 

The Indian express (February 1)

2018/ 02/ 04 by jd in Global News

“This is a revolutionary Budget. It has major, big-ticket announcements which will help India take a giant leap in our aspirations to establish a New India.” Perhaps the most ambitious is a measure to expand health insurance to half a billion people. “With this added health cover benefit, we can be truly proud of being a growing economy with concerns of the marginalized and the disadvantaged being well taken care of. In a way, this is a redistribution of wealth generated in favour of the poor and the impoverished.”

 

Time (January 22)

2018/ 01/ 24 by jd in Global News

“Four out of every five dollars of wealth generated in 2017 ended up in the pockets of the richest one percent, while the poorest half of humanity got nothing,” according to a recent report by Oxfam, which “highlights a global system that rewards the super-rich and neglects the poor.”

 

Chicago Tribune (March 3)

2016/ 03/ 03 by jd in Global News

“The idea behind European unity is that countries bound together are likelier to create wealth than to start wars…. Being part of the EU isn’t about losing control, it’s about ensuring stature. We hope our cousins choose to Bremain.”

 

The Economist (October 4)

2014/ 10/ 05 by jd in Global News

The modern digital revolution “is disrupting and dividing the world of work on a scale not seen for more than a century. Vast wealth is being created without many workers; and for all but an elite few, work no longer guarantees a rising income.”  The revolution has brought many benefits and has many more to offer, but a bold government response is necessary to ensure workers will be able to benefit from the digital revolution.

 

Forbes (February 10, 2014)

2014/ 02/ 10 by jd in Global News

“Beijing is becoming more dependent on the U.S. and the rest of the world for its strength and prosperity.” Though it may be the largest holder of U.S. Treasuries, this is not a sign of strength. “The idea that a government gains strength by piling up dollars or other foreign currencies is a mercantilist holdover from the 16th to 18th centuries, when France, Spain and others thought amassing gold and silver was how a country became wealthy. Trade, not hoarding, makes for a powerful economy.”

 

Washington Post (August 2)

2013/ 08/ 03 by jd in Global News

Washington may be badly broken, but “it works extremely well for its most important citizens: the lobbyists. The permanent government of the United States is no longer defined by party or a branch but by a profession comfortably encamped around the federal coffers. The result is that Washington has become the wealthiest city in the nation, and its relative position has actually improved over the past five years, during the worst recession in 75 years. The country might be struggling, but K Street is not.”

 

Wall Street Journal (August 15)

2012/ 08/ 17 by jd in Global News

Singapore is “the world’s richest country.” According to a report from Knight Frank and Citi Private Wealth, Singapore’s per capita GDP (purchasing power parity) of US$56,532 in 2010 “is the highest in the world, topping Norway (US$51, 226), the US (US$45, 511) and Hong Kong (US$45, 301).” According to a report from the Boston Consulting Group, Singapore also “has the highest percentage of millionaire households in the world.”

Singapore is “the world’s richest country.” According to a report from
Knight Frank and Citi Private Wealth, Singapore’s per capita GDP (purchasing power parity) of US$56,532 in 2010 “is the highest in the world, topping Norway (US$51, 226), the US (US$45, 511) and Hong Kong (US$45, 301).” According to a report from the Boston Consulting Group, Singapore also “has the highest percentage of millionaire households in the world.”

 

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