(2024-01-18). Global 1% own 43% of financial assets, 5 richest billionaires doubled wealth while 5 billion workers got poorer. geopoliticaleconomy.substack.com 
Subscribe now The world's richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity — nearly 5 billion people — collectively got poorer, according to a report by Oxfam, a leading international humanitarian organization. Oxfam published the study, "Inequality Inc.", to …
(2024-01-18). The Rich Get Richer While Global Poverty Deepens. popularresistance.org The wealth of the world's top five richest men has more than doubled since 2020 while 4.8 billion people, or 60% of humanity, have been further impoverished. At this rate, while it could only take a decade for the world to have its first trillionaire, it will take 229 years to ensure that no person is living in poverty. | These findings are part of a new report titled Inequality Inc. published by Oxfam International, released on the eve of the World Economic Forum meeting in Davos, Switzerland. | "We're witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves…
(2024-01-18). India's soaring economy masks stark inequality: An analysis. muslimmirror.com By Mohd Ziyaullah Khan India, once the world's fifth-largest economy, has undergone a significant economic shift, surpassing the United Kingdom. Despite this achievement, it remains a nation marked by stark economic disparities, hosting the largest population of impoverished individuals globally—estimated at 228.9 million, according to the 2022 'World Inequality Report' (WIR). As economic growth slowed …
(2024-01-18). India's soaring economy masks stark inequality: An analysis. muslimmirror.com By Mohd Ziyaullah Khan India, once the world's fifth-largest economy, has undergone a significant economic shift, surpassing the United Kingdom. Despite this achievement, it remains a nation marked by stark economic disparities, hosting the largest population of impoverished individuals globally—estimated at 228.9 million, according to the 2022 'World Inequality Report' (WIR). As economic growth slowed …
(2024-01-18). Davos Elites Talk About Rebuilding Trust. The People Talk of System Change. inequality.org With war threatening to escalate in the Middle East, as well as crises in Ecuador and many other parts of the world, most people are not even aware that the annual World Economic Forum in Davos, Switzerland is rolling around again this week. In the context of sharpening inequalities, and perilous global politics, what relevance …
(2024-01-18). Thousands at risk of unemployment at Tata steel. albawaba.com 
ALBAWABA – Tata Steel, the Indian global steel manufacturer and owner of Port Talbot, has rejected a trade union deal amongst a recently announced 4-year-long plan to switch to a more environmentally-friendly approach, rendering the company unable to afford the majority of the 4,000 workers it currently employs, which the company informed the union about.The steel works company explained that the Wales factory is running at a loss, causing the decision to halt the fire of their blasting furnaces, and transition to electric arc furnaces that turn recycled scrap into steel in a much environmentally and financially…
(2024-01-18). US jobless claims lowest since September 2022. albawaba.com 
ALBAWABA – The US Department of Labor has announced this week's unemployment insurance claims, which came at an unexpected 187,000 in initial filings, a volume not seen in almost 16 months, with 16,000 fewer claims compared to last week's 203,000.An unemployment claim is issued when a person is dismissed from their position with no fault of the employee, they are filed in the state department in hopes of a temporary monetary compensation; it is a strong indicator of the current state of the labor market and economy in general.This week's drop in claims comes against Dow Jones estimation of 208,000, as well as an…
(2024-01-18). Global 1% own 43% of financial assets, 5 richest billionaires doubled wealth while 5 billion workers got poorer. geopoliticaleconomy.com 
The world's richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam.
(2024-01-18). A world increasingly in the hands of the super-rich few. The new Oxfam Report. pressenza.com The world's five richest men have more than doubled their fortunes in real terms since 2020, rising from $405 billion to $869 billion and growing at a rate of $14 million per hour. By contrast, the combined wealth of nearly 5 billion of the poorest people has not grown at all. | These are some of the figures in the report "
(2024-01-18). 'Sickening Profits: The Global Food System's Poisoned Food and Toxic Wealth'. mronline.org The modern food system is being shaped by the capitalist imperative for profit.
(2024-01-18). The ultra-rich become even richer yet demand more tax cuts. greenleft.org.au 
Despite their ballooning wealth, the corporate rich are using their power to demand more tax breaks and protect their industrial-scale tax dodging. Peter Boyle reports.