An unprecedented leak of documents shared exclusively in Canada with CBC News is revealing the closely guarded investment information of more than 100,000 people around the world, including hundreds of Canadians. Original post on cbc.ca Comments on reddit.com
Tag Archives: wealth
CHART OF THE DAY: Chinese Politicians Are Ridiculously Wealthy
China has a major corruption problem. Original post on businessinsider.com Comments on reddit.com
CHINA Eight people arrested for demanding party officials reveal their wealth
Lawyers and activists take to the streets with banners and launch online petitions asking that all the members of the Central Committee release a list of their wealth, something that Hu Jintao and Xi Jinping had already requested. Police detain activists for Original post on asianews.it Comments on reddit.com
Oxford college sued over using ‘selection by wealth’ for admissions – Education – The Observer
Student takes St Hugh’s to court after after being rejected for not having access to £21,000 for tuition fees and living costs Original post on guardian.co.uk Comments on reddit.com
The United States of Amway
How to turn your middle class into a pyramid scheme I went to see a comic perform in Grand Rapids a few years ago and he said, “So, this is the tip of the pyramid?” And the crowd sighed out laughter, knowing exactly what he meant. Grand Rapids,… Original post on eclectablog.com Comments on reddit.com
Walmart Heirs Have As Much Wealth As Bottom 40 Percent Of Americans Combined
Last year, Sylvia Allegretto, a labor economist at the Center on Wage and Employment Dynamics, found that as of 2007, the Walton family — heirs to the Walmart fortune — had a net worth equal to that of the bottom 30 percent of Americans. And due to the effects of the Great Recession that ratio [...] Original post on thinkprogress.org Comments on reddit.com
Cagle Post – Political Cartoons – Commentary – Five Misconceptions about our Tattered Safety Net
Comics, Cartoons & Editorial Commentary on the latest news, politics and events around the world Original post on cagle.com Comments on reddit.com
HSBC Caught in New Drug Money Laundering Scandal
China Blocks Web Access to Times
The Chinese government began blocking access to The Times after publication of an article describing the wealth accumulated by relatives of Prime Minister Wen Jiabao. Original post on nytimes.com Comments on reddit.com
President Obama’s Second Term Will Transform America In Favor Of The Middle Class
Sure, but AFTER 30 million Americans get health insurance, what then? If Mitt Romney and Paul Ryan are elected, they plan to engineer the largest transfer of wealth from the middle class to the rich in American history. Sure George W. Bush cut taxe… Original post on eclectablog.com Comments on reddit.com
Congresswoman Roby on farm subsidies.
Trickle Down Economics Debunked in One Chart
A new study finds that most Americans prefer the distribution of wealth in socialist states. Original post on policymic.com Comments on reddit.com
Republicans use of God distracts from their demoralizing agenda
Southern whites troubled by Romney’s wealth, religion
LYNCHBURG, Virginia (Reuters) – Sheryl Harris, a voluble 52-year-old with a Virginia drawl, voted twice for George W. Bush. Raised Baptist, she is convinced — despite all evidence to the contrary — that Original post on reuters.com Comments on reddit.com
Exceptional upward mobility in the U.S. is a myth, international studies show
ANN ARBOR, Mich.–The rhetoric is relentless: America is a place of unparalleled opportunity, where hard work and determination can propel a child out of humble beginnings into the White House,… Original post on umich.edu Comments on reddit.com
Politics and Plutocrats: A Parade of Inequality
Infographic: PATENT WARS
Michele Bachmann says Romney is best presidential candidate because Obama is too wealthy [VIDEO] – Minneapolis – News – The Blotter
SEE ALSO:– The Onion’s Original post on citypages.com Comments on reddit.com
Inside China, Getting Rich – WSJ.com
Entrepreneurs who make it big and land on well-publicized rich lists in China are more likely to draw government scrutiny, some new research shows. Original post on wsj.com Comments on reddit.com
The One “Issue” Paul Ryan Brings Up – Eclectablog
Republicans’ new favorite talking point is that by Mitt Romney nominating Paul Ryan to be his running mate it means that it’s more likely we’ll talk about issues. There’s only one issue Paul Ryan brings up. As someone who voted for the Iraq War, the… Original post on eclectablog.com Comments on reddit.com
Only 3 In 10 Rich Men Think Wealth Inequality Is A Problem: Survey
Rich men just don’t care that much about you. Only 29 percent of rich men agree with the statement that inequality is a problem and that Original post on huffingtonpost.com Comments on digg.com
Super rich hiding up to $32 trillion offshore – Europe – Al Jazeera English
Up to $280bn is lost in tax revenues as wealthy individuals park financial assets in offshore tax havens. Original post on aljazeera.com Comments on reddit.com
BBC News – Tax havens: Super-rich ‘hiding’ at least $21tn
A global super-rich elite has at least $21 trillion (£13tn) hidden in secret tax havens, according to a major study. Original post on bbc.co.uk Comments on digg.com
Wealth doesn’t trickle down – it just floods offshore, new research reveals – Business – The Observer
A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro… Original post on guardian.co.uk Comments on reddit.com
£13tn: hoard hidden from taxman by global elite – Business – The Observer
New study gives staggering new estimate of size of offshore economy – as much as US and Japanese GDP put together Original post on guardian.co.uk Comments on reddit.com
Lenovo CEO spreads the wealth, distributes his $3 million bonus to lower level employees – Engadget
The list of CEOs and other execs in the US that have accepted multi-million dollar bonuses for lording over the crash and burn of a company (or even an Original post on engadget.com Comments on reddit.com
Chart: 15 Developed Countries With Higher Median Wealth Than The U.S. – ThinkProgress
According to a report by Credit Suisse, as of last year 15 nations in the Organization for Economic Cooperation and Development had higher median wealth than the United States. As Kenneth Thomas noted at Middle Class Political Economist, Original post on thinkprogress.org Comments on digg.com
Chris Hedges: Time to Get Crazy – Chris Hedges’ Columns – Truthdig
There are few resistance figures in American history as noble as Crazy Horse. – 2012/07/02 Original post on truthdig.com Comments on reddit.com
Rio+20: Unilever CEO on the need to battle on to save the world – Guardian Sustainable Business – Guardian Professional
With the political process paralysed, Unilever’s Paul Polman urges progressive business to show courage and leadership Original post on guardian.co.uk Comments on reddit.com
Great Recession erased nearly 40% of family wealth – latimes.com
The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s. Original post on latimes.com Comments on reddit.com