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Google "second Gilded Age" and you will get ferried to 7,000 possible sites where you can learn more about what you already instinctively know. That we are living through a gilded age has become a journalistic commonplace.
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As if to demonstrate that poverty is now a residual issue in the world, the poor are being slowly eliminated from the imagery of the busy global media.
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Could it be possible to eradicate abject poverty in one lifetime? Ever since it was first asked, the question has seemed an improbable wish – a salve for the heart, untenable to the mind. But today, the answer is as clear as it is imperative: Yes.
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On the eve of International Women’s Day a new report from ActionAid shows that promises made by the world’s governments to tackle poverty are failing to deliver because the basic rights of women in the developing world are being ignored.
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The economics profession underwent a revolution in December last year, as economic understanding of the world suddenly shifted. Suddenly the world has more poor. Incomes declined in emerging economies: down by 40 percent in China and India, 17 percent in Indonesia, 41 percent in the Philippines, 32 percent in South Africa and 24 percent in Argentina. For Indonesia, the decline was far worse than the Asian crisis, and for China and India, the decline was worse than the one experienced by Germany during the Great Depression. Yet hardly anyone noticed.
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The established democracies are accepting flawed and unfair elections for political expediency, Human Rights Watch said today in releasing its World Report 2008. By allowing autocrats to pose as democrats, without demanding they uphold the civil and political rights that make democracy meaningful, the United States, the European Union and other influential democracies risk undermining human rights worldwide.
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"Life's not fair," my parents always used to say. Bill Gates and Mexican business magnate Carlos Slim each have fortunes of about $60 billion, according to the rich-list boffins at Forbes. A 10 percent return on that lot would produce a $6 billion income, or about $200 a second. That is, very roughly, about what an American makes in a day or an Ethiopian makes in nine months. Small wonder that income inequality is a hot topic.
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