[google-translator] OXFAM Report (in English) on inequality dated 01/20/2014; complete .pdf link used by permission, may take a few seconds to load.
Category Archives: Economy
Inequality Harvard
[google-translator] A 2014 report (in English) entitled An Economy Doing Half Its Job from Harvard University asserting, among other things, that the inequality gap is unsustainable, that there is no relief in sight, and that it’s actually getting worse. The report suggests areas that must be improved to counter the … Continue reading
Inequality Berkeley
[google-translator] A 2014 report (in English) entitled Wealth Inequality in the United States Since 1913: Evidence From Capitalized Income Tax Data by Emmanuel Saez, Department of Economics, University of Calfornia, Berkeley, and Gabriel Zucman, Department of Economics, London School of Economics and Political Science, explaining in great detail the extent of … Continue reading
8 Men as Wealthy as 3.5 Billion People
January 15,2017 OXFAM reports that new estimates show that just eight men own the same wealth as the poorest half of the world. Yes, 8 men versus 3.5 billion people. Coincidentally no doubt, their native languages coincide with the first and last truly global empires since 1492.
Saving the Dollar and Preserving Life
[google-translator] October 8, 2016 “… of the three powers –the power of armies, of alliances, and of money- the third is perhaps the most dependable weapon. Such accumulation of treasure is regarded by other states as a threat of war, and if it were not for the difficulties in learning … Continue reading
Extreme Poverty Worse For Men
April 3, 2016 Writing for the U.S. Bureau of Labor Statistics, Eleni Karageorge reports that researchers in the National Bureau of Economic Research have found that men who experienced poverty as children suffered greater economic consequences than women who grew up in poverty. Gender differences in employment rates varied. Among … Continue reading
Jefferson’s Warning: Perpetual Debt, Trade Deficit, Bubbles, Derivatives
Two hundred years have passed since president Jefferson wrote this (excerpted) letter. Not only have we not acted to reduce the risk of total collapse of our financial system, it’s far worse than he could have possibly imagined -and there’s no relief in sight. Today our largest private employer is … Continue reading
Job Losses in January 2016
February 4, 2016 The U.S. Bureau of Labor Statistic, released its job report for January. Layoffs increased by 218%, the highest since last summer, mostly due to a loss of 16,000 jobs at Wal-Mart, America’s biggest non-government employer, and 4,800 at Macy’s. The low-wage retail sector suffered cuts of 22,246, … Continue reading
OXFAM Inequality 2016
[google-translator] January 18, 2015 According to a new report from OXFAM: • In 2015, just 62 individuals had the same wealth as 3.6 billion people – the bottom half of humanity. This figure is down from 388 individuals as recently as 2010. • The wealth of the richest 62 people … Continue reading
Warning About Derivatives
Excerpt from Warren Buffett’s 2002 Letter to Shareholders explaining what derivatives are and why he considers them “financial weapons of mass destruction.” ”Derivatives, in fact, deserve an extensive look, both in respect to the accounting their users employ and to the problems they may pose for both individual … Continue reading