Richest 1 percent control 39 percent of world’s wealth and growing

[cf. Shadow banking grows to $67 trillion industry, regulators say] By Robert Frank31 May 2013 (CNBC) – The wealthiest 1 percent now control 39 percent of the world’s wealth, and their share is likely to grow in the coming years, according to a new report. The world’s total private wealth grew 7.8 percent last year […]

Global majority faces water shortages ‘within two generations’ – 4.5 billion people already live within 50km of an impaired water resource – ‘These are self-inflicted wounds’

By Fiona Harvey, environment correspondent 24 May 2013 (The Guardian) – The majority of the 9 billion people on Earth will live with severe pressure on fresh water within the space of two generations as climate change, pollution and over-use of resources take their toll, 500 scientists have warned. The world’s water systems would soon […]

Money spent per U.S. public school student fell in 2011 for the first time on record – ‘The wealthy districts can go to the voters. The poorer communities aren’t able to do that’

By Allison Linn26 May 2013 (TODAY) – The amount of money spent per public school student fell in 2011 for the first time since the Census Bureau began keeping records more than three decades earlier, as economic woes finally caught up with educational realities. “This is clearly the fallout from the Great Recession,” said Michael […]

UN Secretary-General warns: ‘Economic losses from disasters are out of control’

Contact the UNISDR press office: Denis McClean: +41-79-444-5262 (mobile) Maria Hasan: +1-917-367-72070 or +1-917-856-2014 (mobile) Andrew McElroy: +41-79-217-3023 (mobile) NEW YORK, 15 May 2013 – The United Nations today issued a stark warning to the world’s business community that economic losses linked to disasters are “out of control” and will continue to escalate unless disaster […]

Michigan district fires all teachers, closes every school

By Suzi Parker13 May 2013 (Take Part) – Summer break has started very early for kids in one Michigan school district. Buena Vista schools have been closed for five days already, and on Monday, the district’s website stated that the school would be closed until further notice. For good reason, this decision has parents, and […]

For India’s drought-hit states, on-track monsoon may be too late – Charges of corruption fly

By Rajendra Jadhav; Editing by Jo Winterbottom and Ed Davies24 April 2013 JAMWADI, India (Reuters) – India may be heading for another bumper grain harvest, if the first forecast for this year’s monsoon proves correct, but the rain may be too little – and too late – for southern and western states already parched by […]

Germany can’t stop euro zone from sinking into longest recession – ‘Any recovery is going to be excruciatingly slow’

By Robin Emmott, Sarah Marsh, and Mike Peacock, with additional reporting by Gavin Jones in Berlin and Ingrid Melander in Paris; Editing by Jeremy Gaunt15 May 2013 BRUSSELS/BERLIN (Reuters) – Germany’s economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a […]

Climate change will make hundreds of millions homeless – ‘It could become a permanent feature of life on Earth’

By Robin McKie, science editor 11 May 2013 (The Observer) – It is increasingly likely that hundreds of millions of people will be displaced from their homelands in the near future as a result of global warming. That is the stark warning of economist and climate change expert Lord Stern following the news last week […]

Vendor’s suicide by self-immolation reflects despair of Mideast youth – ‘There is no quick solution that will address all the aspirations of young people looking for jobs now’

By KARIN LAUB 11 May 2013 SOUK AL-JUMMA, Tunisia (Associated Press) – On the day he chose to die, Adel Khedri woke up at 6:30 a.m., took his black backpack and headed down to the busy boulevard where he worked as a cigarette peddler. It was the last in a series of odd jobs that […]

Cassava disease spreading across Africa at alarming rate – ‘The new strain looks to us to be much more aggressive’

By MICHELLE FAUL7 May 2013 JOHANNESBURG (AP) – Scientists say a disease destroying entire crops of cassava has spread out of East Africa into the heart of the continent, is attacking plants as far south as Angola and now threatens to move west into Nigeria, the world’s biggest producer of the potato-like root that helps […]

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