Thursday , January 23 2020
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Billionaires beware

By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kualalumpur, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended, ‘Abolish Billionaires’, presenting a moral case against the super-rich as they have and get far, far more than what they might ... Read More »

Stop corruption to reduce inequality, economists urge

Dhaka, Sept 7 (UNB) – Speakers at a seminar here on Saturday laid emphasis on stopping corruption and highhandedness of the middlemen for reducing inequality in the society. Bangladesh Economic Association (BEA) arranged the seminar at the auditorium of Institution of Engineers, Bangladesh in the city. “In South Asia, Bangladesh remains in the best position in human development indexes except ... Read More »

BD Minorities demand equal per capital allocation in budget

Dhaka, June 23 (UNB)- Bangladesh Hindu Bouddha Christian Oikya Parishad, an umbrella platform for the country’s religious minorities, on Sunday urged the government to allocate the budget equally on a per capita basis between both the majority and minority groups of the country. The organisation’s general secretary Rana Dasgupta said this at a press conference at Jatiya Press Club in ... Read More »

Budget to disparately increase living cost of low-income people

Dhaka, June 23 – Center for Policy Dialogue (CPD) on Sunday said the proposed measures in the budget for 2019-20 fiscal year(FY) are likely to disproportionately increase the cost of living for low- and medium- income groups compared to the affluent section. The private think-tank held its annual customary “CPD Budget Dialogue” at a city hotel yesterday. The CPD in ... Read More »

Mixed reaction on budget from ruling alliance

Dhaka, June 14 – The leaders of Awami League-led 14-party alliance have given mixed reaction over the proposed budget for 2019-20 fiscal year. Some alliance leaders said the proposed budget will not fulfill the expectation of the mass people of the country while some leaders have dubbed the budget as pro-people and implementable. Earlier on Thursday, the Finance minister AHM ... Read More »

Budget not reflects ruling party’s polls manifesto: CPD

Dhaka, June 14 – The proposed national budget has not reflected the pledges of the ruling party Awami League’s election manifesto as it would go in favour of the people who are beneficiary of economic misrule instead of the larger segment of the poor people, said Centre for Policy and Dialogue (CPD) yesterday. In the budget analysis CPD distinguished fellow ... Read More »

Social imbalances in the EU

by Sylvia Schmidt Despite the economic recovery of recent years, persistent social imbalances—such as those affecting women and young people—must be taken into account in the debate on Europe’s future. In the wake of the European Parliament elections, this autumn a new European Commission will start its mandate. As the political changing of the guard approaches, debates on the future ... Read More »

Big data and its enclosure of the commons

by Ekkehard Ernst Digital dystopias are overdone but inequality is rising. The answer lies in treating data as a commons and Big Data as a collective-action problem. The fear of the machine is back. Dystopian views of a world without jobs abound as autonomous vehicles, humanoid robots and super computers are thought to replace human workers. Recent progress in artificial ... Read More »

Class analyst: Global income inequality

By Chris Wellisz Washington DC, May 24 2019 (IPS) – As a child growing up in Communist Yugoslavia, Branko Milanovic witnessed the protests of 1968, when students occupied the campus of the University of Belgrade and hoisted banners reading “Down with the Red bourgeoisie!” Milanovic, who now teaches economics at the City University of New York, recalls wondering whether his ... Read More »

The world made promise to women, Girls; we must fulfill them

By Monica Juma NAIROBI, Kenya, May 24 2019 (IPS) – In 1994 the International Conference and Population and Development (ICPD) was hosted in Cairo by the Government of Egypt. Twenty-five years later, Kenya is ready to convene the ICPD “Nairobi Summit” in November 2019. The Programme of Action endorsed and adopted at the historic Conference in Cairo has had a ... Read More »

Authoritarianism, social inequalities a prelude to conflict

STOCKHOLM, May 17 2019 (IPS) – I want to talk about peacebuilding and inclusive peace. My main point is that peace begins in the minds of people, and people, communities, societies must be allowed to participate in peace for it to be sustainable. Peace means a lot more than just the absence of war. I want to highlight the need for ... Read More »

Child trafficking victim wins £85,000 over attempted rape

Justice done

A Vietnamese boy has been awarded £85,000 in compensation from the Home Office and the Ministry of Justice after he was illegally detained at Morton Hall immigration center and sexually assaulted. Known as H, the boy had been trafficked by a criminal gang that forced him into growing cannabis in the UK in 2013. Yet when the property was raided ... Read More »

G7 must support feminist aid agenda to tackle inequality

Dhaka, May 12 (UNB) – G7 development aid must prioritise the needs of women and girls if they are to tackle poverty and economic inequality, said Oxfam on Sunday. The Group of Seven (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The G7 accounts for three quarters of total international ... Read More »

Unequal Europe—collating the data

Wouldn’t it be nice if there were a website collating the sources of data on inequality across the European Union and exploring evidence-based policy prescriptions? Now there is. Why is human labour remunerated so differently? Do opportunities in life have to be distributed so unequally? What can we do to create a Europe for the many instead of the few? In the ... Read More »

Inequality: From redistribution to predistribution & beyond?

by Liam Kennedy Soaring income inequality inevitably raises discussion of more progressive taxation. But a more fundamental focus on the ownership of capital is needed. ‘Taxes, taxes, taxes … All the rest is bullsh*t in my opinion.’ The now much-travelled line from the historian Rutger Bregman at Davos 2019 is a perfect encapsulation of the Zeitgeist: inequality is out of ... Read More »

UN’s empty promises to world’s indigenous peoples

PHOENIX, Arizona, Apr 19 2019 (IPS) – The United Nations, as in so many other areas, gives lip service in support of Indigenous issues while lacking the political will and enforcement power over individual member states to comply with the protection of fundamental human rights for the Original Nations of Indigenous Peoples of the world. It took 47 years since the ... Read More »

Emissions inequality—a gulf between global rich and poor

The American congresswoman Alexandria Ocasio-Cortez recently shook up environmental politics by releasing a broad outline of a Green New Deal—a plan to make the US a carbon-neutral economy in the next ten years, while reducing both poverty and inequality. Lauded by many as a radical and necessary step, President Trump responded in typical style, tweeting: ‘I think it is very important ... Read More »

Japan’s gender gap

CHICAGO, Illinois, Mar 27 2019 (IPS) – Japan is not making progress in gender equality, at least relative to the rest of the world. Despite the Japanese government’s attempts in recent years to pass legislation promoting the economic activity of women, Japan ranked a miserable 110 out of 149 in the World Economic Forum’s 2018 Gender Gap Index, which benchmarks countries on ... Read More »

Bridging the gaps for the disabled

UNITED NATIONS, Mar 29 2019 (IPS) – People with disabilities are being left behind, and steps must be taken to ensure their inclusion in the world of education and work. Approximately 15 percent of the world’s population, or an estimated one billion people, live with disabilities. But neglect, discrimination, and abuse are still all too common among disabled youth, leaving them ... Read More »

‘Nothing for us, without us’

By Justus Wanzala Makuleni, Kenya, Feb 18 2019 (IPS) – Julia Mutua is a resident of Kalawa ward in the semi-arid Makueni County in Eastern Kenya and a member of a women’s farmers group that runs a poultry project. “Women are increasingly playing a key role in economically uplifting of their households, unlike before, but they need access to affordable ... Read More »

United Nations: Global FDI flows fell by 19% last year

Geneva, 22 Jan (Kanaga Raja) – United Nations, Global FDI flows, fell by 19%. last year. In its latest Investment Trends Monitor (Issue 31 of Jan United Nations, Global FDI flows, fell by 19%. last yearly 2019), UNCTAD said the decline was concentrated in the developed countries where FDI inflows fell by 40%, to an estimated US$451 billion, mainly due ... Read More »

Brexit, Trump and ‘yellow vests’

Sixty years ago, the sociologist WG Runciman published an influential study of attitudes to ’relative deprivation’ in 20th century England. Runciman sought to explain why at crucial periods in the past century, notably after the first world war and in the Great Depression, high or rising inequality had not led to greater unrest or even revolution. His answer was that ... Read More »

Billionaire gains grew $2.5 bn a day in 2018 – poorest lost

Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day – while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today. The report is being launched as political and business leaders gather for the World Economic Forum in Davos, ... Read More »

Let’s do this together: Barack Obama

Hi Mostafa Kamal, Today marks what would have been Dr Martin Luther King, Jr.’s 90th birthday. And although he’s not with us today, Dr King’s steadfast commitment to the causes of equality and justice continue to transform the world. I still draw inspiration from his words to an audience in Montgomery, Alabama, in 1957: Read More »

Income inequality and trust in national governments

Trust in national governments has reached worryingly low levels in Central, Eastern and Southeastern Europe (CESEE), at least compared to the EU-15 average. In addition, trust in the EU is generally higher than trust in national governments, underlining the importance of the prospect of joining the EU in these societies. Read More »

Bangladesh launches social security strategy action plan

Dhaka: 05 Nov – The Cabinet Division of the government with support from the United Nations Development Programme (UNDP) and Australian Aid, launched the National Social Security Strategy (NSSS) Action Plan on 04 November 2018, at Bangabandhu International Conference Centre (BICC) at the National Conference on Social Security Programme. Read More »

New trade realities cause concern

Trade liberalization, a key dimension of recent globalization, has failed to promote broad structural transformation in developing countries and has instead contributed to increased worldwide inequality, a new United Nations report shows. Read More »