Income Inequality

To be honest, I’ve never been a big fan of New Year’s resolutions. Why wait until January 1st to lose weight, start paying off debt, quit smoking, or improve your personal relationships when you can do it in December? That said, I have a suggestion for those who have made a resolution or are about …

Most of the “boomerang children” who returned home during the pandemic come from high-income families, a new report found. They are more likely to be unemployed longer and less likely to work on the coronavirus frontline. It intensifies the growing inequality gap and labor shortage. Loading Something is loading. The pandemic evoked déjà vu for …

BICHKEK, Kyrgyzstan – A Russian-led military alliance will begin withdrawing troops from Kazakhstan in two days, the country’s president said on Tuesday, saying it had achieved its primary goal of helping stabilize the Central Asian nation as she was going through the worst political crisis in its history. In a speech to senior government officials …

The ONS forecast did not take into account the impact of the ongoing Omicron-induced surge in cases The National Statistics Office’s first advance estimates of economic output for the current fiscal year are optimistic forecasts that highlight some positive trends as well as areas of concern that may derail the growth momentum. The NSO has …

Date posted: January 7, 2022, 3:47 PMLast update: January 7, 2022, 4:41 PM District 4 year in review2021 has been another difficult year for many Oakland residents. With the continuing COVID-19 pandemic, escalating climate change, an ongoing homelessness crisis, and a record year of homicides and violent crime, it’s easy to miss all the progress …

Healthy public markets can be the key to a much needed trillion dollar economy that could be used to support green, resilient and inclusive economies. Governments today spend around US $ 13 trillion on public procurement of goods, services and public works; yet, they also lose up to a quarter of that spending due to …

Russia’s economy is set to return to its pre-coronavirus model of sluggish growth, weak investment and disappointing living standards in 2022, economists predict, as the Kremlin returns to austerity after the initial impact of the Covid-19 pandemic. While other countries have used the pandemic to review their economic policies, launch ambitious investment projects or accelerate …

It was Warren Buffett, one of the richest people on the planet, who broke ranks when in 2006 he declared The New York Times that his class was ascending: “There is class war, okay, but it’s my class, the rich class, that is making the war, and we are winning. In 2011, Buffett declared victory. …

There is little debate that Social Security will need more funding to strengthen its trust fund. This has been true for years. But will the trust fund go bankrupt? The doomsday prophets are strong on this issue, but there are solid reasons why the program will survive and thrive. My prediction is that Social Security …

People shop at a Walmart in Rosemead, Calif. On November 22, 2021. Frédéric J. Brown | AFP | Getty Images The coronavirus pandemic has led to a new era of inflationary inequalities, economists warn, in which poor households are bearing the brunt of rising prices. This is because a larger portion of their budget is …