There are now 2,043 dollar billionaires worldwide. Nine out of 10 of them are men.
In 12 months, the wealth of this elite group of 2,043 has increased by $762 billion — enough to end extreme poverty seven times over.
In the period between 2006 and 2015, ordinary workers saw their incomes rise by an average of just 2 percent a year, while billionaire wealth rose by nearly 13 percent.
Bill Gates, Jeff Bezos and Warren Buffett, the three richest people in the U.S., own the same wealth ($248.5 billion) as the bottom half of the U.S. population.
I have been thinking about Romney and the general casino-style financial sector that has been preying on the US and the world over the past decade and the image of a pinata came to mind. Pinata economics. The willingness, the glee of smashing something pretty to get at the goodies inside really seems to fit […]
The just-concluded elections helped to resolve nothing in our state. We will have a small Republican majority in the state Senate and a small Democratic majority in the state House. They won’t agree on much of anything. Perhaps the Legislature can take a few hints from other states and cities around the country. In Arkansas, […]
The campaign to get the Thurston County Public Power Initiative on the ballot is rumored to have collected more than 11K signatures! It should be assumed that there are hundreds of invalid, duplicate signatures, so the campaign continues. We need to round up a couple thousand more signatures to make sure that the public power […]