India’s richest one per cent has highest concentration of wealth in decades, study shows
New Delhi, India Reuters The wealth concentrated in the richest one per cent of India’s population is at its highest in six decades and the percentage share of income exceeds that of countries including Brazil and the United States, research group the World Inequality Lab found. Since India, which won its independence in 1947 from […]
The richest one per cent own 43 per cent of global assets, Oxfam study says
London Thomson Reuters Foundation The world’s wealthiest one per cent of people own nearly 43 per cent of all global financial assets and emit as much carbon as two-thirds of the planet’s poorest, according to an Oxfam report published on Monday. Heads of state are joining chief executives, business leaders and other prominent figures this […]
Sight-Seeing: Is being rich bad for your soul? Yes, but not for the reason you expect
In an article first published on Religion News Service, CHARLES C CAMOSY says the rich don’t just end up making themselves unhappy. They want us to be unhappy too…
Open Book: Looking again at the Parable of the Pounds
NILS VON KALM puts forward the arguments for a different approach to the Parable of the Pounds found in Luke 19…
Who pays?
Which would you rather live in, a world where the poor pay for the rich, or where the rich pay for the poor? PICTURE: Alexander Grey/Unsplash For most of history the poor have paid for the rich. That is, the rich lived off the poor – servants, slaves, tax, rent. Christianity challenged that and called on the […]
Companies, not poor, get most COVID-19 aid in developing world, says study
Nairobi, KenyaThomson Reuters Foundation Developing countries have used most of their COVID-19 recovery funds to bail out big business, neglecting millions of people who have been pushed into poverty including cash-in-hand workers, women and the disabled, a study showed on Thursday. In eight countries, an average of 63 per cent of pandemic-related state aid went […]
In SUVs and on planes, richest one per cent drive climate-heating emissions
London, UKThomson Reuters Foundation Prone to frequent flying, a passion for SUVs and big spending, the richest one per cent of the world’s population produced twice as many planet-heating emissions as the poorest half of humanity over the last quarter-century, researchers said on Monday. That excessive consumption has left little room in the world’s “carbon […]