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Income Inequality


Demographers looking back – in years – at America’s annual death rates will find an asterisk on the years 2020 and 2021. The text behind that asterisk will give the reason why so many Americans have died in the past. those particular years than the years just before. The explanation, of course, will be the …

Retail sales jumped higher than Wall Street estimated Despite yesterday’s rebound, equity futures once again envision a muted opening. The lackluster price action comes even after August retail sales data showed a surprise gain last month despite mounting fears over the virus. However, weekly jobless claims for the past week were higher than expected, with …

Tedros Adhanom, the head of WHO, said he was “appalled“after being informed by a major pharmaceutical association that” vaccine supplies are high enough to allow both booster shots for people in well-supplied countries and the first vaccines in poorer countries facing shortages His comment comes at a time when, despite countless commitments, the world’s poorest …

Text size Jerome Powell spoke virtually at the Jackson Hole Economic Symposium in August. Daniel Acker / Bloomberg About the Author: Karen petrou is Managing Partner of Federal Financial Analytics and author of Driving Inequality: The Fed and America’s Future of Wealth Although Jay Powell delivered his all-important annual address atop a virtual mountain in …

In one of the most unequal countries in the world, South Africa, the poorest 40% have annual income less than US $ 1,000 (£ 727) per person. Comparable incomes for the richest 10% are over US $ 39,000 per person, nearly 40 times that of the poorest 40%. These numbers, which are based on data …

RASTRA BANK OF NEPAL National conference on economics and finance April 2022 Kathmandu, Nepal CALL FOR PAPERS Nepal Rastra Bank (NRB), the Central Bank of Nepal, is pleased to announce a nationwide conference on economics and finance. The conference is scheduled to be held in April 2022 in Kathmandu, Nepal. This event is expected to …

August 25, 2021 9 minutes to read Opinions expressed by Contractor the contributors are theirs. The phrase “wealth inequality” may sound like something only progressives or activists like to use. However, this is a reality experienced by countries around the world. The gap between rich and poor continues to widen despite increased access to education …

Senator Cory Booker (DN.J.) at a Senate Foreign Relations Committee hearing on Capitol Hill, Jan.27, 2021. (Michael Reynolds / Pool via Reuters) Useless document nestled in $ 3.5 trillion budget reconciliation plan The A $ 3.5 trillion budget reconciliation plan is already turn into a godsend for questionable spending and reckless tax increases. Provisions including …

The idea of ​​a K-shaped economic recovery – a staple of media coverage and commentary in the United States since late last year – is a relatively new concept. Following previous recessions, economists have generally described recoveries as either V-shaped, meaning growth picked up quickly, or U-shaped, meaning output remained weak for a longer period …

The surge in COVID-19 infections, combined with mass uprisings around the world, is destabilizing the world order – and new research from the International Monetary Fund (IMF) suggests that collective dynamics are likely to hamper a fragile recovery. A working paper published by IMF researchers Luca Antonio Ricci, Metodij Hadzi-Vaskov, and Samuel Pienknagura, PhD, recently …