Browsing All posts tagged under »empoverishment«

Caritas denounces the empoverishment in Luxembourg’s life conditions

December 5, 2012


(PUBLISHED IN WORT.LU) In its 2011 annual report, Caritas Luxembourg says that the economic crisis has made conditions worse for refugees and people in need, due to rising costs and high unemployment. Housing, in particular, posed a challenge to financially disadvantaged people living in Luxembourg, such as recognised refugees. Caritas found that people had to spend […]

“The American Dream Has Become a Myth”, by J. Stiglitz

October 16, 2012


(PUBLISHED IN SPIEGEL) The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview* with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer. At Columbia University, […]