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.
[We're delighted to have Rosemary Frei back with us, this time reporting on a global transformation: once, infrastructure was created efficiently cheap central bank funding and now it's done with public-private partnerships, at much higher price-tags, creating massive transfers from taxpayers to the biggest businesses and private equity funds in the world. As we get […]
America is one of the only developed countries in the world that pays people to donate blood, much of it sold abroad (70% of the world's plasma is of US origin), and as commercial blood donations have soared, blood now accounts for 2% of the country's exports -- more than corn or soya.
In a recent installment of his Plenary Session podcast, hematologist-oncologist Vinay Prasad observed that "There are interventions that disperse wealth, … and they give people jobs, and they send them out in the community; and there are implantable drugs, implantable devices, there are drugs, there are cancer screening tests, and we will always prioritize interventions […]
This holiday season, give the delivery man a break. Who needs the extra cost and uncertainty of shipping anyway? Here are 10-holiday gifts that cut out the middleman and go straight to the nicest ones on your Christmas list. Winc Wine Delivery Okay, we might be cheating a little with this first one, but a […]
For some folks, writing notes by hand is just plain easier, but having to re-type them later can be a huge bore, not to mention time-sink. The guys from Rocketbook successfully merged the best parts of analog and digital note-taking with their Everlast notebook awhile back. And now, that tech just got a lot more […]
There are fast-paced card games, and some of them even require enough dexterity for a mini-workout (like Skip-Bo or Snap). But there’s nothing quite like the Mokuru® Card Game, which uses an already addictive fidget toy as the centerpiece for a cutthroat game of tabletop challenges. The game is named for the toy that gets […]