The eight richest people in the world (all men) have as much money as the poorest half of the world. They are Bill Gates, Amancio Ortega, Warren Buffett, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison, Michael Bloomberg.
From The Guardian:
“While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”
Mark Littlewood, director general at the Institute of Economic Affairs thinktank, said: “Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the last year alone.”
The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.
For years, Disneyland annual passes, parking fees and single-day-tickets have seen above-inflation price-hikes, but this year's will take the cost of the no-blackout-day "Premier Pass" (good for Disneyland and Walt Disney World, in Florida) to $1,949, up 23.4% from last year, a firm push away from the idea of Disneyland as a "locals park" for […]
In 1973, the Supreme Court ruled that the Constitution does not guarantee Americans "equal" education (which would require similar per-student funding in both rich and poor neighborhoods), merely "adequate" education.
Every time Trump reminds you that the stock market has experienced a feverish, tubercular bloom under his presidency, just recall that 84% of stocks are held by 10% of Americans.
It’s a rude awakening for that rookie vacationer abroad when they try to plug in their gear for the night. Veteran jet-setters know that outlet shapes can vary wildly from country to country, which necessitates that most boring must-have for any world-traveler: A sackful of clunky power adapters. Awkward problem, elegant solution: The Twist Plus […]
Looking for a career in music behind the boards, either as a music producer or DJ? It’s a good bet that you’re going to be working with Ableton Live. Each new iteration of this powerful workstation gives the user more tools to create, and it’s just as well suited for the task of meticulous track […]
The graveyard of failed startups is littered with concepts that just got lost in translation. At its core, that’s what great front-end design is about: Making an app or website usable, translating its best ideas smoothly to the user. It’s a skill so broad there might be no one book or course that covers it […]