Just 62 people own as much wealth as the poorest half of the world together. Of this elite, 52 are men. Moreover, the richest 1 percent now own more than the other 99 percent.
The numbers come from UK-based anti-poverty charity Oxfam, which reports rising inequality worldwide just in time for this year's Davos.
But the divisions go far beyond those that exist between the haves and have-nots. In the Middle East, the divide between Shi'ites and Sunnis has reached crisis point, with Iran and Saudi Arabia jostling openly for influence in a region reeling from war and the barbarism of Islamic extremists.
The conflicts there have spilled over into Europe, causing deep ideological rifts over how to handle the worst refugee crisis since World War Two and - with Britain threatening to leave the European Union - raising doubts about the future of Europe's six-decade push towards ever closer integration.
The shock emergence of Donald Trump as the front-runner for the Republican presidential nomination has exposed a gaping political divide in the United States, stirring anxiety among Washington's allies at a time of global turmoil.
Bernie Sanders' record-setting fundraising isn't just notable for how much he raised, it's also notable for how he raised it -- Sanders is the only leading candidate in the Democratic leadership race for 2020 who hasn't taken any money from billionaires.
The whistleblowers who brought us The Paradise Papers and The Panama Papers risked their freedom and even their lives (Maltese journalist Daphne Caruana Galizia was assassinated for reporting on the stories). Years later, financial secrecy havens are still on the rise, and it's easy to think that all that blood and treasure thrown at ending […]
In his latest BIG newsletter, Matt Stoller (previously) relates the key moments in the history of private equity, from its roots in the notorious "leveraged buyouts" of the 1980s, and explains exactly how the PE con works: successful, productive business are acquired through debt financing, drained of their cash and assets, and then killed, leaving […]
If you’re interested in either beginning or furthering a career in graphic design, you need to have a thorough understanding of Adobe’s famed editing and illustration tools, and these bundles will get you to where you need to be for a fraction of what you’d pay for an in-class education. 1. The Essential Adobe Photoshop […]
Laptops are great when it comes to getting work done on the move, but sometimes you need a better and more responsive keyboard in order to get your work done away from your desktop. Here are six top-rated Bluetooth keyboards that will help you power through your tasks both at the office or while you’re […]
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