Tag Archives: Poverty

Food Stamps Still Feed One In Seven Americans Despite Recovery By
Wendee Crofoot lost her job as a fundraiser for a non-profit in 2011. After exhausting her savings and giving up her Mountain View, California, apartment she ended up working part-time as a restaurant cashier. The low pay...
How The Robotics Revolution Will Benefit the Rich And Increase Inequality By
Research from Swiss bank UBS, published to coincide with the 2016 Davos summit, has warned that while the increase in prevalence of AI and robotics will lead to a number of opportunities, it will also result in a number of global challenges. Extreme #automation...
Sixty-Two People Have The Same Amount Of Wealth As Half The World By
Just 62 people own as much wealth as the poorer half of the global population, a new report reveals, as the widening of the gap between the rich and poor accelerates. As the business elite converge on Davos for the World Economic Forum, an Oxfam report shows wealth is...
Global 1% Own Half Of World’s Wealth, Social Security And Worker Pay Frozen By
Published in partnership with Shadowproof. According to the 2015 wealth report by Credit Suisse, the global top wealth percentile now own half of all household assets in the world. The increased financialization of the world economy combined with political systems bent...
1.5 Million American Families Live On $2 A Day By
If she did not make plasma deposits twice a week at a donation center in Tennessee, Jessica Compton and her family would have no income. If not for a carton of spoiled milk, Modonna and Brianna Harris’ refrigerator would be barren.  The Harris and Compton families’...
Almost One-Third Of Children Live In Poverty In ‘The Richest Nation In The World’ By
AUSTIN, Texas — The financial collapse of 2008 and the absence of true economic recovery in the years since has left millions more children in poverty than before the recession. About 22 percent of American children live in poverty, and even that figure may not fully...
IMF Says Pay Low-Income Families More To Boost Economic Growth By
The idea that increased income inequality makes economies more dynamic has been rejected by an International Monetary Fund study, which shows the widening income gap between rich and poor is bad for growth. A report by five IMF economists dismissed “trickle-down” economics,...
Tesco To Give Unsold Food To Charities By
Tesco’s chief executive has said that he does not feel ‘comfortable’ throwing out thousands of tonnes of food waste each year when it could go to helping people in need. New Statistics published by Tesco  revealed that the company threw away 55,400 tonnes of...
Over 30 Thousand March Against Global Elites Ahead Of G7 By
As representatives of some of the most powerful countries in the world prepare to gather for their annual Group of Seven (G7) meeting, this time at a castle in the German town of Elmau, tens of thousands marched through nearby Munich on Thursday to protest the summit’s...
Growing Global Inequality Gap ‘Has Reached A Tipping Point’ By
With the gap between the rich and poor growing worldwide, a new study by the Organization for Economic Cooperation and Development (OECD) published Thursday suggests that the only way to reverse such rampant inequality is by implementing government measures aimed at...