Showing posts with label Rich. Show all posts
Showing posts with label Rich. Show all posts

Tuesday, January 21, 2014

World's 85 people own the wealth equal to half of the population of the world

The combined wealth of the world's richest 85 people is now equivalent to that owned by half of the world's population – or 3.5 billion of the poorest people – according to a new report from Oxfam.

The wealth of the richest 1% in the world is now 65 times the total wealth of the 
bottom half of the world's people, Oxfam says.

Read more here.

Recommend this post

Tuesday, August 13, 2013

For the rich jail can be a vacation


Visit NBCNews.com for breaking news, world news, and news about the economy
A convicted fellow's family pays $72,000 and his prison term becomes vacation.

"With a jail in California that found a controversial way to make money. Inmates paying for premium cells with flat screen televisions and new mattresses.

A fellow convicted of vehicular manslaughter while under the influence. He'll serve at least two years but the convict and his family paid $72,000 and the money also buys flat screen TVs, a computer and media center and an environment pristine by comparison to county and state lockups where movies like violence seems almost a cliché.

It’s ATM justice. It was right for a small seaside city hemorrhaging $700,000 a year to run its 30-bed jail. So they ran ads looking for convicted criminals that will be paying customers and found plenty. Now it stands to make $500,000 a year or more."

Recommend this post