Search Results for: oxfam

Rich list: 80 people with more money than 1/2 of humanity

Super rich elite yacht

Since the “financial repression,” the most powerful people have only gotten more powerful. A 2013 Oxfam report found that 80 people had as much wealth as 1/2 of humanity, and a few months later Forbes said the number had dropped to 67. Many of us asked who exactly these people are, …

Read More »

80 richest people have more wealth than poorest 3.5 billion

Davos Switzerland

Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%. Ahead of this week’s annual meeting of the World …

Read More »

Land sold off and used for biofuels could have fed 1 billion people

hunger

2 million kilometers of foreign purchased land in developing countries is either idle or used for Western biofuel production, according to a British charity. Oxfam’s report estimates an area the size of London is sold every six days. The report states that between 2000 and 2010, 60% of investment in …

Read More »

Rothschild family is worth more than the top 8 billionaires in the world

Rothschild family top 8 billionaires Lord Jacob Rothschild

A recent report by Oxfam International highlights the dramatic rise in income equality by noting that the combined wealth of the world’s top 8 individual billionaires is more than the lower half of the world’s population, some 3.6 billion people. The intention of the report was to bring awareness to the unfairness …

Read More »

Credit Suisse report: Richest 1% own half of global wealth

Wealthy Yacht

The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession. According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value …

Read More »

Yemen descends into total collapse as world watches on

Yemen collapse Cholera

Yemen is descending into total collapse, its people facing war, famine and a deadly outbreak of cholera, as the world watches, the UN aid chief said on Tuesday. Speaking to the UN Security Council, Stephen O’Brien said “the time is now” to end the world’s largest food emergency and put …

Read More »