Daily chart: internet economies. Britain’s internet economy is now bigger than its construction and education sectors. But Europe as a whole punches below its weight, mainly because its internet economy is held back by a lack of a single digital market.
Lucius Fox
Chief Executive Officer of Wayne Enterprises
Jose Antonio Ocampo, one of three candidates to head up the World Bank, said Tuesday that the organization needs a “change of culture,” citing the bank’s past difficulties in collaborating with other international institutions.
Ocampo, a former Colombian finance minister, laid out his vision for the World Bank at an event hosted by the Washington Post Live and the Center for Global Development. He said the bank needs to continue its “historic” task of reducing poverty while expanding its focus to issues such as climate change.
Executives are much more optimistic about the global economy than they were in December, despite their concerns about the eurozone and rising oil prices.
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)
Reblogged from publicradiointernational|105 notes
Zurich topped Tokyo to become the world’s most expensive city, as surging currencies push up the cost of living in countries like Switzerland and Australia, a survey showed on Tuesday.
This graphic organizes those survey results into the ten most/least expensive cities. Are you surprised by any of the results? [REUTERS graphic]
![reuters:
Zurich topped Tokyo to become the world’s most expensive city, as surging currencies push up the cost of living in countries like Switzerland and Australia, a survey showed on Tuesday.
This graphic organizes those survey results into the ten most/least expensive cities. Are you surprised by any of the results? [REUTERS graphic]](http://25.media.tumblr.com/tumblr_m09s64TxLd1qmaoalo1_500.jpg)
Reblogged from theeconomist|221 notes