Tag #Economic Inequality

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lemonde.fr

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Sep 20, 13:17

Jean Pisani-Ferry Awarded Legion d'Honneur, Reflects on Globalization's Impact

On September 4th, Jean Pisani-Ferry received France's Légion d'Honneur, using the occasion to reflect on the unanticipated negative consequences of globalization, particularly its impact on jobs and regions in advanced countries, referencing a 2013 study highlighting this.

Jean Pisani-Ferry Awarded Legion d'Honneur, Reflects on Globalization's Impact

On September 4th, Jean Pisani-Ferry received France's Légion d'Honneur, using the occasion to reflect on the unanticipated negative consequences of globalization, particularly its impact on jobs and regions in advanced countries, referencing a 2013 study highlighting this.

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How does Pisani-Ferry's career connect to his views on globalization?

Pisani-Ferry's career at the CEPII, an institute focused on international economics, provided a vantage point to observe globalization's effects. His association with the "CEPII gang," who initially held a positive view of globalization, highlights the evolution of understanding regarding its consequences. This evolution underscores the need for a more nuanced approach to open economies.

theguardian.com

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Sep 17, 10:19

Labour Urged to Overhaul Economic Approach to Combat Far-Right Populism

Former Bank of England chief economist Andy Haldane warned that Labour's growth plans are failing to support parts of the country where voters feel neglected, urging a radical overhaul to combat rising far-right populism.

Labour Urged to Overhaul Economic Approach to Combat Far-Right Populism

Former Bank of England chief economist Andy Haldane warned that Labour's growth plans are failing to support parts of the country where voters feel neglected, urging a radical overhaul to combat rising far-right populism.

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What is the core problem highlighted by Andy Haldane regarding Labour's current approach?

Haldane criticizes Labour's economic approach as "arid," failing to address the lived experiences of workers in left-behind communities. This disconnect fuels disaffection and contributes to the rise of far-right populism.

taz.de

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Sep 14, 01:16

House Youth" in Turkey: A Generation Lost Between Despair and Violence

In Diyarbakır, Turkey, the easy availability of firearms mirrors a deeper societal issue: millions of young adults, aged 18-25, are unemployed and lack prospects, leading to violence and despair.

House Youth" in Turkey: A Generation Lost Between Despair and Violence

In Diyarbakır, Turkey, the easy availability of firearms mirrors a deeper societal issue: millions of young adults, aged 18-25, are unemployed and lack prospects, leading to violence and despair.

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What is the immediate impact of the readily available firearms in Diyarbakır, Turkey?

The accessibility of firearms in Diyarbakır directly contributes to a high level of violence. A young man was shot dead the same evening a reporter observed the open sale of weapons. Neighbors report weekly shootings resulting in injuries and fatalities, highlighting a direct correlation between easy access to weapons and violence.

elpais.com

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Aug 31, 07:19

Federal Reserve Governor Lisa Cook Faces Attempted Dismissal by Trump

President Trump seeks to dismiss Federal Reserve Governor Lisa Cook, citing unsubstantiated allegations of mortgage fraud, leading to a legal battle over the independence of the Federal Reserve.

Federal Reserve Governor Lisa Cook Faces Attempted Dismissal by Trump

President Trump seeks to dismiss Federal Reserve Governor Lisa Cook, citing unsubstantiated allegations of mortgage fraud, leading to a legal battle over the independence of the Federal Reserve.

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What is the legal basis for Trump's attempted dismissal of Governor Cook, and what is the precedent?

Federal Reserve rules permit the president to remove governors for 'justified cause,' but this term is undefined. There is no precedent for a president attempting such a dismissal, leading to a legal battle that could redefine the independence of the Federal Reserve.

dailymail.co.uk

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Aug 27, 19:22

Cost-of-Living Crisis Resurges: 60% of UK Households See Disposable Income Fall

Sixty percent of British households saw disposable income fall in the year to July, with middle-income households experiencing their first yearly drop since September 2023, driven by 3.8% inflation and rising essential costs; lower-income households suffered the most.

Cost-of-Living Crisis Resurges: 60% of UK Households See Disposable Income Fall

Sixty percent of British households saw disposable income fall in the year to July, with middle-income households experiencing their first yearly drop since September 2023, driven by 3.8% inflation and rising essential costs; lower-income households suffered the most.

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What is the immediate impact of the recent resurgence in the cost-of-living crisis on British households?

In the year to July, 60% of British households experienced a drop in disposable income, marking a resurgence in the cost-of-living crisis. This impacted middle-income households for the first time since September 2023, with a 1.6% decrease in disposable income to £91 per week. Lower-income households were disproportionately affected, suffering an 11.1% drop in spending power.

cnnespanol.cnn.com

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Aug 27, 04:17

Trump Dismisses Federal Reserve Governor Lisa Cook Amidst Accusations

Former President Trump dismissed Federal Reserve Governor Lisa Cook, the first Black woman in that role, on Monday, citing mortgage fraud accusations; Cook's lawyer will sue, challenging the dismissal and potentially impacting her tenure until 2038.

Trump Dismisses Federal Reserve Governor Lisa Cook Amidst Accusations

Former President Trump dismissed Federal Reserve Governor Lisa Cook, the first Black woman in that role, on Monday, citing mortgage fraud accusations; Cook's lawyer will sue, challenging the dismissal and potentially impacting her tenure until 2038.

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What are the immediate consequences of former President Trump's dismissal of Federal Reserve Governor Lisa Cook?

Former Federal Reserve Governor Lisa Cook, the first Black woman to hold the position, was dismissed by former President Trump on Monday, citing accusations of mortgage fraud. Cook's lawyer plans to sue, challenging the dismissal and potentially leading to a legal battle over her tenure, which was set to last until 2038.", "Cook's dismissal comes despite her distinguished career, including a professorship at Michigan State University and a role as a senior economist during the Obama administration. Her academic work on racial inequality sparked controversy during her Senate confirmation hearing in 2022.", "The legal challenge and its outcome will significantly impact the Federal Reserve's composition and potentially influence future appointments. Cook's dismissal raises questions about political influence on economic policy and the representation of diverse perspectives within key financial institutions.

elmundo.es

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Sep 18, 04:16

Spain Lags Behind EU in Real Income Growth and Poverty Reduction

Eurostat's latest report reveals Spain's lagging real income growth (1.6% in 15 years vs. EU's 20%), high income inequality (Gini coefficient above EU average), and alarming child poverty (34%, second highest in EU).

Spain Lags Behind EU in Real Income Growth and Poverty Reduction

Eurostat's latest report reveals Spain's lagging real income growth (1.6% in 15 years vs. EU's 20%), high income inequality (Gini coefficient above EU average), and alarming child poverty (34%, second highest in EU).

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How do Spain's performance in income distribution and child poverty compare to other EU member states?

Spain ranks 23rd out of 27 EU countries in real income per capita, below the EU average. In terms of child poverty, only Bulgaria has a higher rate (34% in Spain). Countries like Romania and Baltic states show significantly higher income growth since joining the EU.

napoli.repubblica.it

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Sep 14, 16:19

Piketty: Climate Transition Requires Wealth Redistribution

Thomas Piketty argues in Le Monde that climate preservation necessitates significant wealth redistribution, advocating for a fairer economic system and increased investment in education and healthcare to achieve both ecological and social goals.

Piketty: Climate Transition Requires Wealth Redistribution

Thomas Piketty argues in Le Monde that climate preservation necessitates significant wealth redistribution, advocating for a fairer economic system and increased investment in education and healthcare to achieve both ecological and social goals.

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What is the core argument presented by Thomas Piketty regarding climate change and wealth inequality?

Piketty contends that climate preservation is inextricably linked to reducing wealth inequality. He asserts that without substantial inequality reduction, environmental protection is unattainable, advocating for a new economic system prioritizing education and healthcare.

dw.com

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Sep 5, 13:19

Indonesia: Violent Protests Erupt After Police Kill Delivery Driver

The death of a delivery driver, Affan Kurniawan, at the hands of Indonesian elite police sparked widespread protests across the country, resulting in at least eight deaths, hundreds of injuries, and over 1240 arrests, with at least 20 people missing, according to KontraS.

Indonesia: Violent Protests Erupt After Police Kill Delivery Driver

The death of a delivery driver, Affan Kurniawan, at the hands of Indonesian elite police sparked widespread protests across the country, resulting in at least eight deaths, hundreds of injuries, and over 1240 arrests, with at least 20 people missing, according to KontraS.

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What are the potential long-term implications of these events for Indonesia?

The government's heavy-handed response, including the deployment of the military against protesters and restrictions on online platforms, could further polarize the population and escalate tensions. The failure to address underlying economic issues and the perceived elite disconnect, as exemplified by parliamentarians' salary increases, could fuel further unrest unless substantial reforms are implemented.

nos.nl

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Aug 31, 10:20

Indonesian President Cancels China Trip Amid Violent Protests

Indonesian President Prabowo Subianto canceled his trip to China's Victory Day parade due to escalating violent protests in Indonesia, sparked by parliamentarians awarding themselves a substantial housing allowance amid rising inflation and economic hardship.

Indonesian President Cancels China Trip Amid Violent Protests

Indonesian President Prabowo Subianto canceled his trip to China's Victory Day parade due to escalating violent protests in Indonesia, sparked by parliamentarians awarding themselves a substantial housing allowance amid rising inflation and economic hardship.

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What triggered the violent protests in Indonesia, and what are the immediate consequences?

The protests erupted after Indonesian parliamentarians approved a 2500 euro monthly housing allowance, 15 times the minimum wage. The immediate consequence is the President's cancellation of a planned trip to China and a significant escalation of unrest, including the burning of buildings and deaths.

cbsnews.com

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Aug 27, 16:23

Forbes 400 Paid Lower Effective Tax Rate Than Other U.S. Taxpayers

A new study reveals that the Forbes 400 paid an average effective tax rate of 24% from 2018-2020, compared to 30% for other U.S. taxpayers, due to lower taxes on capital gains and business income, prompting renewed debate on wealth taxes.

Forbes 400 Paid Lower Effective Tax Rate Than Other U.S. Taxpayers

A new study reveals that the Forbes 400 paid an average effective tax rate of 24% from 2018-2020, compared to 30% for other U.S. taxpayers, due to lower taxes on capital gains and business income, prompting renewed debate on wealth taxes.

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How do the tax rates on capital gains and business income contribute to the lower effective tax rate for the wealthiest Americans?

The lower tax rate for the wealthiest is attributed to the structure of the U.S. tax system, which taxes capital gains and business income at lower rates than earned income. This allows the richest Americans to significantly reduce their tax burden, exacerbating income inequality. The 2017 Tax Cuts and Jobs Act and subsequent legislation amplified this effect.

forbes.com

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Aug 27, 16:23

Financial Literacy: Addressing Systemic Barriers to Economic Empowerment

John Hope Bryant's book, "Financial Literacy for All," highlights the critical need for financial education in the US, particularly for underserved communities, emphasizing entrepreneurship and responsible financial practices to break cycles of poverty; his nonprofit, Operation HOPE, has invested ov...

Financial Literacy: Addressing Systemic Barriers to Economic Empowerment

John Hope Bryant's book, "Financial Literacy for All," highlights the critical need for financial education in the US, particularly for underserved communities, emphasizing entrepreneurship and responsible financial practices to break cycles of poverty; his nonprofit, Operation HOPE, has invested ov...

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How does John Hope Bryant's approach to financial literacy differ from other advocates, and what are the unique strengths of his model?

Bryant's work with Operation HOPE has channeled over $4.5 billion into underserved communities, offering financial literacy programs and support for entrepreneurship. He argues that financial literacy is crucial for community development and economic empowerment, advocating for increased access to financial education and resources.

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