Lucius Fox

Chief Executive Officer of Wayne Enterprises

After 30 years of greed being good and rising tides lifting all boats, inequality — or “class warfare,” if you prefer — is back on the political agenda.

The Occupiers who camped out in central squares from Melbourne to Oakland, denouncing the “1 percent” for its supposedly ill-gotten gains, have a point: Inequality is out of control. But these mainly middle-class complainers are an incredibly coddled bunch by any international reckoning. This is good news, because we’re going to need to tax them more if we’re ever going to solve the world’s real inequality problem: the estimated 900 million people who live on less than $1.25 a day.

(Source: hbr.org)

Posted at 10:54am and tagged with: Occupy Wall Street, Statistics, Economy, Economics, United States, US, Developed Countries, Global Economy, Occupiers, Middle Class, Equality,.


After 30 years of greed being good and rising tides lifting all boats, inequality — or “class warfare,” if you prefer — is back on the political agenda.
The Occupiers who camped out in central squares from Melbourne to Oakland, denouncing the “1 percent” for its supposedly ill-gotten gains, have a point: Inequality is out of control. But these mainly middle-class complainers are an incredibly coddled bunch by any international reckoning. This is good news, because we’re going to need to tax them more if we’re ever going to solve the world’s real inequality problem: the estimated 900 million people who live on less than $1.25 a day.

theeconomist:

Daily chart: child mortality Great strides have been made across both the rich and emerging world in reducing the rate of child mortality. But 101 countries still look likely to miss targets set by the UN.

Posted at 2:42pm and tagged with: Data, Data Visualization, Chart, Information, Child Mortality, Developed Countries, Developing Countries, Medicine, Health Care,.

theeconomist:

Daily chart: child mortality Great strides have been made across both the rich and emerging world in reducing the rate of child mortality. But 101 countries still look likely to miss targets set by the UN.

Many of the countries that have contributed the least to greenhouse gas emissions will be the worst affected by global warming, a “climate injustice” that highlights the link to human rights, experts told a gathering in Geneva.

“As we take steps to address climate change, we must not do so at the cost of the most vulnerable and discriminated [against] members of the world’s communities,” UN High Commissioner for Human Rights Navi Pillay said during a 23-24 February seminar.

Pillay and others pointed out that global warming would have a harsh impact on many of the least developed countries and particularly marginalized communities, which suffer from poor resilience and inadequate ability to respond to climate change.

Posted at 2:04pm and tagged with: Human Rights, Global Warming, Climate Change, Economics, Developing Countries, Developed Countries, United Nations, UN,.

An update of our research on the efforts of developed countries to work out from under a massive overhang of debt shows how uneven progress has been. US households have made the greatest gains so far.

Posted at 11:57am and tagged with: Economics, Deleveraging, Recession, Developed Countries, Debt,.