By Aimee Picchi15 October 2015 (CBS News) – The likes of Cornelius Vanderbilt and Jay Gould — the robber barons of the late 19th century — might feel right at home in today’s economy. The coffers of the uber-rich have exploded since the Great Recession, reaching a level “possibly not seen for almost a century,” […]
By Matt McGrath 12 October 2015 Alaska (BBC News) – Expanding the search for oil is necessary to pay for the damage caused by climate change, the Governor of Alaska has told the BBC. The state is suffering significant climate impacts from rising seas forcing the relocation of remote villages. Governor Bill Walker says that […]
By Tyler Durden 3 August 2015 (ZeroHedge) – The Athens Stock Exchange reopened on Monday and unsurprisingly, some folks were selling. Trading was suspended five weeks ago after PM Alexis Tsipras’ dramatic midnight referendum call precipitated capital controls and a lengthy bank “holiday.” Shares opened lower by nearly 23% and the country’s banks traded limit-down, […]
22 July 2015 (Desdemona Despair) – The Kids Count project keeps track of lots of data relating to the health and well-being of children in the United States. Des whipped up this graph in no time using the graphing tool at the Kids Count Data Center. The percentage of children in extreme poverty was level […]
By Simon Evans21 July 2015 (Carbon Brief) – It is a truth almost universally acknowledged that the shale gas revolution has led to a fall in US emissions. But what if that wasn’t true? New research published in Nature Communications suggests it was the global financial crisis, not fracking, that has done most to reduce […]
Paris, 21 May 2015 (AFP) – The gap between the rich and poor in most of the world’s advanced economies is at record levels, according to an OECD study that also found glaring differences between men and women. In most of the 34 countries in the Organisation for Economic Cooperation and Development the income gap […]
February 2015 (McKinsey Global Institute) – A new McKinsey Global Institute (MGI) report, Debt and (not much) deleveraging [pdf], examines the evolution of debt across 47 countries—22 advanced and 25 developing—and assesses the implications of higher leverage in the global economy and in specific sectors and countries. The analysis, which follows our July 2011 report […]
February 2015 (McKinsey Global Institute) – Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. […]
By Gillian B. White6 February 2015 (The Atlantic) – Conversations about affordable housing are often dominated by questions of how to get lower-income residents in expensive cities—like New York, Los Angeles, and San Francisco (and their surrounding areas)—into safe, affordable places to live. That makes sense: Often urban hubs are a good bet for jobs […]
By Jessica Lukjanow 9 February 2015 (VICE News) – Up to 200 indigenous communities in Australia could lose access to power and water because the government says it can no longer afford to deliver the basic services. The remote communities are mainly located across the northern tip of Australia and the Kimberley in the country’s […]
