Tag #Economic Inequality

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es.euronews.com

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Jan 21, 01:09

Billionaire Wealth Surges to $15 Trillion, Exceeding Eurozone GDP

In 2024, the wealth of billionaires globally reached $15 trillion, equivalent to the eurozone's GDP, increasing by $2 trillion—three times faster than the previous year—while global poverty remained largely unchanged since 1990, prompting Oxfam to call for wealth taxes and regulatory changes.

Billionaire Wealth Surges to $15 Trillion, Exceeding Eurozone GDP

In 2024, the wealth of billionaires globally reached $15 trillion, equivalent to the eurozone's GDP, increasing by $2 trillion—three times faster than the previous year—while global poverty remained largely unchanged since 1990, prompting Oxfam to call for wealth taxes and regulatory changes.

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What are the immediate economic and social consequences of the rapid increase in billionaire wealth, exceeding the eurozone's GDP?

In 2024, the wealth of billionaires surged by $2 trillion, reaching a combined $15 trillion—equivalent to the entire eurozone's GDP. This rapid accumulation, three times faster than the previous year, contrasts sharply with the stagnant poverty rates.

dw.com

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Jan 21, 10:09

Davos Protests Highlight Youth Demand for Global Inclusion

Hundreds of young people protested the World Economic Forum in Davos, Switzerland, criticizing its attendees as responsible for global crises and demanding greater youth inclusion in decision-making processes; counterpoints included the WEF's engagement with young leaders through its Global Shapers ...

Davos Protests Highlight Youth Demand for Global Inclusion

Hundreds of young people protested the World Economic Forum in Davos, Switzerland, criticizing its attendees as responsible for global crises and demanding greater youth inclusion in decision-making processes; counterpoints included the WEF's engagement with young leaders through its Global Shapers ...

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What are the key demands of the youth protesters at the World Economic Forum in Davos, and what specific actions are they taking to express their concerns?

A small but vocal protest of several hundred young people took place in Davos, Switzerland, during the World Economic Forum (WEF). They criticized the WEF as a gathering of the wealthy and powerful, blaming them for current crises. Some protesters blocked roads used by WEF attendees.

theguardian.com

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Jan 21, 22:09

Labour's Levelling Up Shift Faces Deep Regional Divides

The Labour government renamed the Department for Levelling Up, shifting its focus to national living standards; however, a Centre for Cities report reveals persistent regional economic inequalities, with London workers earning 68% more than those in Burnley, highlighting challenges for Labour's appr...

Labour's Levelling Up Shift Faces Deep Regional Divides

The Labour government renamed the Department for Levelling Up, shifting its focus to national living standards; however, a Centre for Cities report reveals persistent regional economic inequalities, with London workers earning 68% more than those in Burnley, highlighting challenges for Labour's appr...

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How does the Labour government's approach to addressing regional inequalities compare to its predecessor's, and what are the challenges it faces?

The report reveals stark regional disparities, with eight of the top 10 highest-wage cities in the south-east and a fourfold difference in "new economy" businesses between Brighton and Sunderland. These inequalities, the report suggests, have fueled political polarization, from Brexit to the rise of Reform UK.

theguardian.com

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Jan 20, 04:08

Australian Billionaires' Wealth Soars, Sparking Calls for Wealth Tax

Oxfam Australia reveals that Australia's 47 billionaires, whose wealth increased by A$28 billion in 2024, enjoy an average hourly income exceeding 1,300 times the national average, prompting calls for a wealth tax to address inequality.

Australian Billionaires' Wealth Soars, Sparking Calls for Wealth Tax

Oxfam Australia reveals that Australia's 47 billionaires, whose wealth increased by A$28 billion in 2024, enjoy an average hourly income exceeding 1,300 times the national average, prompting calls for a wealth tax to address inequality.

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How does the origin of Australia's billionaire wealth relate to historical injustices and current socioeconomic disparities?

The report highlights a correlation between Australia's billionaire wealth and resource extraction from Indigenous lands, with 35% of billionaire wealth attributed to inheritance and the lasting effects of colonialism. This concentration of wealth exacerbates existing inequalities, as one-third of First Nations people are among the poorest 20% of the population.

cnbc.com

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Jan 20, 04:08

Billionaire Wealth Surges to $15 Trillion Amid Stagnant Global Poverty

Oxfam's 2025 report reveals a $2 trillion surge in billionaire wealth to $15 trillion in 2024, the second-largest annual increase on record, while global poverty remains unchanged since 1990, with 44% of the population living below $6.85 per day; Oxfam attributes 60% of billionaire wealth to inherit...

Billionaire Wealth Surges to $15 Trillion Amid Stagnant Global Poverty

Oxfam's 2025 report reveals a $2 trillion surge in billionaire wealth to $15 trillion in 2024, the second-largest annual increase on record, while global poverty remains unchanged since 1990, with 44% of the population living below $6.85 per day; Oxfam attributes 60% of billionaire wealth to inherit...

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How does the significant portion of billionaire wealth derived from inheritance, monopolies, and cronyism contribute to the widening wealth gap?

The Oxfam report reveals that 60% of billionaire wealth originates from inheritance, monopolies, or cronyism, fueling a rapid concentration of wealth. The top 1% now owns nearly 45% of global wealth, while poverty remains stubbornly high. This disparity is further exacerbated by the projected emergence of multiple trillionaires within the next decade.

cbsnews.com

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Jan 20, 13:13

Billionaire Wealth Soars as Global Poverty Remains Stagnant

Oxfam's report reveals that billionaire wealth grew by $2 trillion in 2024, three times faster than in 2023, while global poverty remains largely unchanged since 1990, highlighting extreme wealth inequality.

Billionaire Wealth Soars as Global Poverty Remains Stagnant

Oxfam's report reveals that billionaire wealth grew by $2 trillion in 2024, three times faster than in 2023, while global poverty remains largely unchanged since 1990, highlighting extreme wealth inequality.

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What factors contributed to the rapid growth of billionaire wealth in 2024, and how do these factors relate to persistent global poverty?

The report links this extreme wealth concentration to several factors: the booming performance of tech companies and stock markets, inheritance, monopolies, and 'crony connections.' This concentration of wealth allows billionaires to influence economic and social policies, exacerbating inequality.

dw.com

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Jan 21, 16:11

Davos Protest Highlights Youth Demand for Inclusion in WEF

A small but vocal protest of a few hundred young people against the World Economic Forum (WEF) took place in Davos, Switzerland, highlighting youth dissatisfaction with the perceived lack of inclusivity and focus on the wealthy, while some young leaders are participating in WEF discussions to influe...

Davos Protest Highlights Youth Demand for Inclusion in WEF

A small but vocal protest of a few hundred young people against the World Economic Forum (WEF) took place in Davos, Switzerland, highlighting youth dissatisfaction with the perceived lack of inclusivity and focus on the wealthy, while some young leaders are participating in WEF discussions to influe...

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What is the significance of the youth-led protest in Davos during the WEF?

Eat the rich" and "Tax the rich" slogans marked a small but vocal protest of a few hundred young people against the World Economic Forum (WEF) in Davos, Switzerland, disrupting the usual atmosphere of the ski resort town now filled with banks, companies, and states. The demonstration highlights youth dissatisfaction with the WEF's perceived lack of inclusivity and focus on the wealthy.

dw.com

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Jan 21, 16:11

North Macedonia: Minimum Living Costs Rise Despite Government Price Controls

The minimum living cost for a four-member family in North Macedonia increased by 391 denars in January 2024, reaching 63,252 denars, despite a government initiative to lower prices; the Trade Union of Macedonia (SSM) claims this indicates inflation is above 10 percent, far exceeding the official rat...

North Macedonia: Minimum Living Costs Rise Despite Government Price Controls

The minimum living cost for a four-member family in North Macedonia increased by 391 denars in January 2024, reaching 63,252 denars, despite a government initiative to lower prices; the Trade Union of Macedonia (SSM) claims this indicates inflation is above 10 percent, far exceeding the official rat...

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How do the price changes of essential goods, such as wheat and bread, reflect the effectiveness of the government's intervention to control inflation?

The 10.65 percent year-over-year increase in the minimum cost of living basket, totaling 6,089 denars, contradicts the official inflation rate of 3.5 percent. The Trade Union of Macedonia (SSM) argues that the actual inflation is above 10 percent, citing continued high prices despite falling global commodity prices like wheat.

zeit.de

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Jan 20, 04:08

Global Billionaire Wealth Soars as Poverty Stagnates

Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.

Global Billionaire Wealth Soars as Poverty Stagnates

Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.

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What is the immediate impact of the rapid increase in billionaire wealth on global poverty and inequality?

The number of billionaires globally surged by 204 in 2022, reaching 2,769, while the number of people living below the World Bank's poverty line stagnated and hunger increased, according to a new Oxfam report. Billionaires' wealth grew three times faster in 2022 than the previous year, increasing from \$13 trillion to \$15 trillion. This translates to an average daily increase of \$2 million per billionaire and \$100 million for the top 10.

forbes.com

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Jan 20, 04:08

Global Billionaire Wealth Surges by $2 Trillion in 2024

Global billionaire wealth increased by $2 trillion in 2024, three times faster than in 2023, with a significant portion inherited, fueling concerns about inequality and political influence, particularly with the upcoming wealthy Trump administration.

Global Billionaire Wealth Surges by $2 Trillion in 2024

Global billionaire wealth increased by $2 trillion in 2024, three times faster than in 2023, with a significant portion inherited, fueling concerns about inequality and political influence, particularly with the upcoming wealthy Trump administration.

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What are the primary factors contributing to the rapid accumulation of billionaire wealth, and what role does inherited wealth play in this phenomenon?

The rapid growth of billionaire wealth is linked to several factors, including inherited wealth (over a third of current billionaire wealth is inherited) and a system that favors the already wealthy. This concentration of power is not only economic but also political, as seen in the upcoming Trump administration, which will be the wealthiest in U.S. history.

dw.com

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Jan 20, 13:13

Billionaire Wealth Soars to \$15 Trillion Amidst Global Poverty

Global billionaire wealth increased by \$2 trillion in 2024 to \$15 trillion, while 44% of the world's population lives on less than \$6.85 a day, according to an Oxfam report released before the World Economic Forum in Davos.

Billionaire Wealth Soars to \$15 Trillion Amidst Global Poverty

Global billionaire wealth increased by \$2 trillion in 2024 to \$15 trillion, while 44% of the world's population lives on less than \$6.85 a day, according to an Oxfam report released before the World Economic Forum in Davos.

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How does the unprecedented growth in billionaire wealth in 2024 impact global poverty and inequality?

The combined wealth of billionaires globally surged by \$2 trillion in 2024, reaching \$15 trillion, a rate three times faster than in 2023. This extreme concentration of wealth coincides with 44% of humanity living on less than \$6.85 per day, highlighting a stark inequality.

theguardian.com

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Jan 19, 19:09

LA Wildfires Devastate Low-Wage Immigrant Workers

Devastating wildfires in Los Angeles County have caused over 50% revenue loss for Ocean Housekeeping, a cleaning service employing recent immigrants, highlighting the economic vulnerability of low-wage essential workers who often lack social protections and English proficiency. The fires destroyed m...

LA Wildfires Devastate Low-Wage Immigrant Workers

Devastating wildfires in Los Angeles County have caused over 50% revenue loss for Ocean Housekeeping, a cleaning service employing recent immigrants, highlighting the economic vulnerability of low-wage essential workers who often lack social protections and English proficiency. The fires destroyed m...

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Decent Work and Economic Growth

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What is the immediate economic impact of the recent wildfires on low-wage domestic workers in Los Angeles, and what specific challenges do they face?

Ocean Housekeeping," a Los Angeles cleaning service employing recent immigrants, lost over 50% of its business due to recent wildfires. The company's owner is offering discounts to attract new clients to keep her employees paid, highlighting the immediate economic impact on vulnerable workers. Many of her employees are facing unemployment and financial hardship due to lack of English proficiency and limited job options.

Showing 109 to 120 of 191 results