Wall Street stocks rose early Friday after the Labor Department reported the US added a better-than-expected 222,000 jobs in June. Despite the solid headline figure, the report showed that wage growth remains weak. Average hourly earnings rose four cents to $26.25, up 0.2 percent over May and 2.5 percent higher than June of last year … Read more
Guards check drivers’ papers to keep out uninvited guests from gated compounds where Egypt’s rich can escape the chaos of Cairo’s streets in a country with a widening wealth gap. Built in the deserts around Cairo, some compounds offer amenities such as indoor and outdoor swimming pools, health clubs, golf courses and man-made lakes, as … Read more
American adults without a college education saw their overall financial circumstances decline last year for the first time in three years. The finding was one of the takeaways from a US central bank survey of more than 6,640 adults published on Friday. In total, the number of respondents with no more than a high-school diploma … Read more
A sculpture of a courageous young girl installed temporarily in New York to champion gender diversity is so popular that thousands of people have signed a petition demanding it remain permanently. Called “Fearless Girl” and created by US artist Kristen Visbal, the bronze girl stands defiant, hands on hips and chin jutting out, directly challenging … Read more
Wall Street stocks rose modestly early Wednesday after data showed much stronger US private-sector hiring in February. Private payrolls increased an eye-popping 298,000 in the month, the biggest increase in nearly six years and beating the consensus forecast for a 180,000 rise, according to payroll services firm ADP. The data come two days before the … Read more
A report on inequality in Indonesia says its four richest men now have more wealth than 100 million of the country’s poorest people. The report by Oxfam said Indonesia, with a population of more than 250 million, has the sixth-worst inequality in the world. Within Asia, only Thailand is more unequal. It blames “market fundamentalism” … Read more
Posted in Foreign Lyrics Gold medals Them my role models Rolling old models, lowered old schools Flowing cold and going (?) Flower bearing, call it petals to the floor Power sharing, call it devils to the door Power, power, till it ain’t no devils anymore Flower, flowers, they be dropping at the feet of my … Read more
Posted in Foreign Lyrics [Verse 1 – Lupe Fiasco] Gold medals, them my role models Rolling old models, lowered old schools Flowing cold and going gold follows Flower bearing, call it petals to the floor Power sharing, call it devils to the door Power, power, ’til ain’t no devils anymore Flower, flowers, they be dropping … Read more
The world’s eight richest individuals have as much wealth as the 3.6bn people who make up the poorest half of the world, according to Oxfam. The charity said its figures, which critics have queried, came from improved data, and the gap between rich and poor was “far greater than feared”. The richest eight include Bill … Read more
Public trust in traditional media has fallen to an all-time low as people increasingly favour their friends and contacts on the internet as sources of news and truth, according to research to be presented at the World Economic Forum in Davos this week. Globalisation and rapid changes in technology have fuelled “virulent populism and nationalism,” … Read more