Browsing All posts tagged under »poor«

Rich, poor divide widens in Germany amid eurozone crisis

November 7, 2012


(PUBLISHED IN PRESSTV) A new report by Germany’s Labour Ministry has revealed that the gap between rich and poor continues to widen in Europe’s biggest economic powerhouse. ASH/JR.- The four-yearly poverty report shows that the number of rich people has risen sharply since 1998, adding one-tenth of the population owns 53 percent of the total wealth, […]

“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, […]