Consider this: in 1956 Sweden and Kenya’s population was roughly at 7 million. Today Sweden has about 9.8 million, while there are about 44 million Kenyans.Fertility levels are declining gradually and Kenyans are living longer. It is estimated that there will be 85 million people in Kenya by 2050, with three quarters of these being below 35 years. While Kenya’s median age is 19, Sweden’s is 42.
Many of us can remember the difficulties of getting our first job – the searching, the frustration of rejection, the nervous wait for an interview or the first day of work. Today’s staggering unemployment rates in many countries make it an especially difficult time for young job-seekers.
The debt crisis in Europe continues to drag on. Drastic measures to cut government debts and deficits, including by replacing democratically elected governments with ‘technocrats’, have only made things worse. The more recent drastic expenditure cuts in Europe to quickly reduce public finance deficits have not only adversely impacted the lives of millions as unemployment soared. The actions also seem to have killed the goose that lay the golden egg of economic growth, resulting in a ‘low growth’ debt trap.
One of the world’s great achievements of the past decades has been the significant fall in global poverty. Between 1990 and 2012, the proportion of humanity living under $1.90 a day fell from 37 per cent to only 13pc, driven in large part by the efforts of China. South Asia also witnessed a major decline in poverty, from 51pc to 19pc, with unequal progress across countries.
The current condition of global economic inequality should be of concern to all. An Oxfam report published this year titled, An economy for the 1%, revealed that “the richest 1% now have more wealth than the rest of the world combined.” It also said that "62 of the richest people now own more wealth than the bottom half of the world's population. In 2015 it was the 80 richest, in 2014 it was 85 and in 2010, only six years back, it was 388 richest that owned similar wealth”, showing that inequality is actually growing at an increasing rate. This is also made evident by the fact that “the wealth of the poorest half of the world's population has fallen by a trillion dollars since 2010, a drop of 38 percent" while “the wealth of the richest 62 has increased [during the same period] by more than half a trillion dollars to $1.76 trillion.”
The least populated, northernmost province in North America even its own citizens dread to go has a per capita GDP of C$58,452 compared with C$3,439.28 for the entire Philippines.
According to the World Bank, the MDG target of halving the share of the poor was achieved by 2008, well in advance of 2015, the target year. However, increased unemployment and lower incomes in recent times remind us that poverty is not an unchanging attribute of a shrinking group, but rather, a condition that billions of vulnerable persons risk experiencing.
An era of mega-events and mega-projects is coming to a close in Brazil with the Olympic Games to be hosted Aug. 5-21 by Rio de Janeiro. But the country’s taste for massive construction undertakings helped fuel the economic and political crisis that has it in its grip.
The hostility toward Wall Street remains so great that both political parties say, in their platforms, that they’d like to break up America’s biggest banks. But before engaging in this drastic economic surgery, it’s worth examining whether Dodd-Frank is working. Recall that the law, named after its congressional sponsors, former Sen. Senator Christopher Dodd and former Rep. Barney Frank, overhauled the financial system to make it more panic proof. Is it? The answer may surprise.
The US mountain, so rich in human talent, labored and produced the two dwarfs for the huge job. A radical Republican strongman[i
] and a conventional Democrat, disliked by 62% and 67%–bad for electing the president of a country that still puts some stamp on the world.
Physicians have a sacred duty to their patients, whose lives are in their hands. The practice of medicine is not a business like any other business. There are questions of trust and duty involved. The physician’s goal must not be to make as much money as possible, but rather to save lives.
A US government agency acknowledges that the Trans-Pacific Partnership (TPP) will not deliver many economic benefits promised by its cheerleaders. The 2016 report by the United States International Trade Commission (ITC) acknowledges that the TPP will not deliver many gains claimed by the US Trade Representative (USTR) and the Peterson Institute of International Economics (PIIE) although it uses similar methodology and assumes that the TPP will not change the US trade deficit as a share of GDP.
A Chinese curse is “May you live in interesting times”. That meant that too many events would disrupt the essential elements of harmony, on which the Chinese pantheon is based.We certainly live in very interesting times where every day dramatic events pile on us, from terrorism to coup d’etat, from climate disaster to the decline of institutions and ever increasing social turmoil. It would be important, even if very difficult, to look in a nutshell why we are in this situation now - "lack of harmony" . So here goes a dramatically compressed explanation.
So Nisha Biswal, the US State Department’s point person on Sri Lanka, says that Sri Lanka could be another Singapore.That will be the day. If after six visits to the country in 20 months she has still not grasped the basics of Sri Lanka’s socio-political culture and mores, the lack of respect for law and order and the rule of law infused by political interference and intimidation, she could hardly be a messenger of hope and good sense.
After a half century of decline, agricultural commodity prices rose with oil prices in the 1970s, and again for a decade until 2014. Food prices rose sharply from the middle of the last decade, but have been declining since 2012, and especially since last year, triggering concerns of declining investments by farmers.