Thomas Piketty’s real challenge was to the FT’s Rolex types | Comment is free | The Guardian

Thomas Piketty’s real challenge was to the FT’s Rolex types | Comment is free | The Guardian. If the FT’s attack on the radical economist’s ‘rising inequality’ thesis is right, then all the gross designer bling in its How To Spend It section can be morally justifiedre   The adverts in the FT and other … More Thomas Piketty’s real challenge was to the FT’s Rolex types | Comment is free | The Guardian

Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com

Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com. CHATTANOOGA, Tenn. — At 7 in the morning, they are already lined up — poultry plant workers, housekeepers, discount store clerks — to ask for help paying their heating bills or feeding their families. And once Metropolitan Ministries opens at 8 a.m., these workers fill … More Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com

Britain’s five richest families worth more than poorest 20% | Business | The Guardian

Britain’s five richest families worth more than poorest 20% | Business | The Guardian. The scale of Britain’s growing inequality is revealed by a report from a leading charity showing that the country’s five richest families now own more wealth than the poorest 20% of the population. Oxfam urged the chancellor George Osborne to use … More Britain’s five richest families worth more than poorest 20% | Business | The Guardian

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com. Spain‘s poorest have been hit harder than any other group in any OECD country in the years of financial crisis and downturn, according to the OECD. While the wealthiest 10% of Spaniards saw their income fall by barely 1% … More Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

IMF Urges Redistribution To Tackle Growing Inequality

As usual, on the rare occasion that the IMF actually understands the destructive nature of austerity policies, it is too little too late. IMF Urges Redistribution To Tackle Growing Inequality. Washington – The International Monetary Fund (IMF) is wading strongly into the global debate over the impact of growing income inequality, offering a series of controversial … More IMF Urges Redistribution To Tackle Growing Inequality

The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com

The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com. In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving. And at … More The Middle Class Is Steadily Eroding. Just Ask the Business World. – NYTimes.com

Austerity pushing Europe into social and economic decline, says Red Cross | World news | The Guardian

Austerity pushing Europe into social and economic decline, says Red Cross | World news | The Guardian. Europe is sinking into a protracted period of deepening poverty, mass unemployment, social exclusion, greater inequality, and collective despair as a result of austerity policies adopted in response to the debt and currency crisis of the past four … More Austerity pushing Europe into social and economic decline, says Red Cross | World news | The Guardian