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14
Sep
2016
9
Sep
2016

In a broad cross-section of advanced economies, incomes for the top 10% increased by about 40% in inflation-adjusted terms in the past 20 years, while growing little at the bottom according to the International Monetary Fund (IMF). Meanwhile growth over two decades has slowed — most strikingly in Italy where the IMF expects another decade of stagnation.

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8
Aug
2016

Capital in the Twenty-First Century the English version of the 2013 French book on inequality written by Thomas Piketty, a professor of economics at the Paris School of Economics, created a sensation when published in the US in 2014, entering The New York Times bestseller list and drawing positive reviews from leading economists. Last week, in an IMF working paper, Carlos Góes writes that while Piketty's "work is likely to remain influential in the times to come" and is "rich in data, the book provides no formal empirical testing for its theoretical causal chain."

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23
Jul
2016

Roy Cohn, as a prominent New York lawyer representing politicians, financiers and Mafia mob bosses, in the 1970s and until his death from AIDS in 1986, was an early mentor of Donald Trump as the latter was assuming more power in his father's business. Cohn is credited with instilling the 'always attack, never apologise' technique of the student who has been involved in about 3,500 lawsuits in the past three decades. Just this week Trump's lawyer threatened retribution for criticism from the ghostwriter of Trump's 1987 book 'The Art of the Deal.'

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2
Jun
2016

Global manufacturing activity was in a stagnation rut in May with factory output from Asia, Europe and the Americas barely improving, surveys published Wednesday showed. The Organisation for Economic Cooperation and Development (OECD) also issued a gloomy report Wednesday, which said that the global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old.

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27
May
2016

Last week the so-called gig/ freelance economy and implications for worker rights, were the focus of attention from both a group sponsored by the Organisation for Economic Cooperation and Development (OECD), and the International Labour Organisation (ILO). The Pew Research Center published survey results on Wednesday 18 May and a day later, Elizabeth Warren, the United States senator, gave a speech on the issue.

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17
May
2016

The US media isn't responsible for the creation of Donald Trump, the de facto Republican Party candidate for the presidency of the United States. However, it provided him with billions worth of free coverage while its top-paid television journalists in particular, abjectly failed in challenging him both on a raft of lies — some patently outrageous — and contradictory soundbite policy proposals that would have been ridiculed if they had been proposed by a lesser-known candidate.

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4
May
2016

Global PMI (purchasing managers' index) data indicated a near-stagnation of the manufacturing economy in April. Activity in the UK's manufacturing industry contracted in April for the first time since 2013, while manufacturing growth in Ireland slowed to a two and a half year low, with output, new orders and employment all posting weaker growth.

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21
Apr
2016
18
Apr
2016

Global inequality fell in the period 1988-2008 — the first decline since the First Industrial Revolution dating from about 1750 — this was a period that was bookended by the collapse of communism in the Soviet Union and its satellite states in eastern Europe, the re-emergence of China and the onset of the Great Recession. Despite growing inequality in developed countries, recent data to 2013 confirm the results.

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