Jan 17 2017
According to the report, the world's 10 biggest corporations together have revenue greater than that of the poorest 180 countries combined.
According to the report, released just hours before world and business leaders meet at 2017's World Economic Forum in Davos, Switzerland, the gap between rich and poor is far wider than had been previously detailed.
"It is trapping huge numbers of people in poverty and fracturing our societies, as seen in New Zealand in the changing profile of home ownership".
Oxfam is calling on global leaders to i mprove worldwide cooperation to stop tax dodging, action to encourage companies to act for the benefit of staff as well as shareholders, wealth taxes to fund healthcare, education and job creation, and improvements in opportunities for women.
A new wage-gap analysis by worldwide aid group Oxfam underscores the stark gap between the super-rich and everyone else.
The study is the latest in recent years by Oxfam, an global poverty-fighting group, to campaign for ways to reduce the growing gap between the rich and poor.
This Is The 444bhp, Turbocharged Porsche 911 GTS
The Porsche Carrera 4 GTS Coupe manages the sprint from zero to 100 km/h in 3.6 seconds with a top speed in excess of 300 km/h. The 2017 Porsche 911 GTS models are powered by a 3.0-liter flat-six engine that are equipped with larger turbochargers.
Blitzburgh! Steelers hammer Dolphins 30-12 to end Miami's surprise season
Riding high on a seven game winning streak, Ben Roethlisberger and the Steelers look to begin yet another trip to the Super Bowl . The Dolphins embarrassed the Steelers in Miami earlier this season, and the defense will want to prove that a fluke.
Killer whale at center of 'Blackfish' dies
Keltie Byrne, who was working with the killer whales, slipped into a pool with the orcas Tilikum , Haida II and Nootka IV. Daniel Dukes, 27, hid in the park after closing and evaded security before climbing naked into the killer whale tank.
According to Hindustan Times, Oxfam International executive director Winnie Byanyima, who will be attending the Davos meeting, "It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than Dollars 2 a day".
Oxfam's report shows how broken economies are funnelling wealth to the rich elite at the expense of women employed in low paid sectors.
Six of these billionaires, from Forbes' list of the world's richest people, are American entrepreneurs: Microsoft co-founder Bill Gates, Berkshire Hathaway chairman and CEO Warren Buffett, Amazon founder and CEO Jeff Bezos, Oracle co-founder Larry Ellison, former New York Mayor Michael Bloomberg and Facebook founder and CEO Mark Zuckerberg.
The report also added that the incomes of the richest 1% - who own more wealth than the rest of the population since 2015 - grew by $11,800 between 1988 and 2011 while the incomes of the poorest 10% increased by just $65 in that period. However, this would only make you a top earner, not one of the world's "richest" people.
Since protesters marched in the Occupy Vancouver demonstration on October 15, 2011, wealth inequality has continued to grow. "One recent estimate is that $7.6 trillion of individual wealth - more than the combined gross domestic product (GDP) of the United Kingdom and Germany - is now held offshore", Oxfam estimated. The charity highlighted this possibility as it issued a warning against widening inequality worldwide, which it blamed in part on the super-rich.
Oxfam wants governments to reduce executive pay and tax evasion and bring in higher taxes on the rich. "In the long-term, if there's such concentration of wealth in the hands of just a few, there will be no one left to buy the goods, to keep the economy running". For example, to spend just one billion dollars, you'd need to shell out nearly $55,000 every single day for 50 years.
Jan 17 2017
Bahrain city hall set on fire after execution of three prisoners
A court upheld their death sentences last Monday and they were executed yesterday by being shot in the heart. Activists condemned the executions and warned the move would undermine security.
Jan 15 2017
At Paris meeting, major powers to warn Trump over Middle East peace
Twelve retired French ambassadors wrote in Le Monde that "It would be to the honour of France to recognise the Palestinian state". The US embassy, as well as other foreign missions, is located in Tel Aviv, Israel's economic and diplomatic capital.
Jan 15 2017
The First Suspects In Kim Kardashian's Robbery Have Been Charged
Seven suspects have been released including a chauffeur who was used by Kardashian during her stay. Both worked for the same vehicle service company, but Michael Madar was freed earlier this week.
Jan 14 2017
United States appeals court revives Apple App Store antitrust lawsuit
A United States appeals court has revived a lawsuit that accuses Apple monopolizing the sale of iOS applications using App Store. Allegations in regards to the App Store "monopoly" have yet to be heard by the courts, with the suit now able to proceed.
Jan 14 2017
Reliance Jio may soon launch a VoLTE feature phone below Rs 1500
The company wants to focus on launching cheap internet services for Indians, and will also get into WiFi hotspot business soon. The integration of VoLTE support in budget smartphones will be indeed a big bonus for users who are facing a cash crunch.
Jan 13 2017
United Kingdom studying annual levy on skilled European Union workers, minister says
The remarks proved contentious in the United Kingdom and Ms May appeared to distance herself from the suggestion. Jobs Minister Mary Mitchell O'Connor said it would be improper for her to speculate on the proposal.
Jan 12 2017
Jamie Foxx addresses alleged restaurant attack: 'Everybody's good'
I'm from NY ", at which point someone in Jamie's group shot back with, "F*ck you, I'm from Oakland". Apparently, things quickly got out of hand and another responded, "F*** you I'm from Oakland".
Jan 12 2017
Wraps off Infiniti QX50 Concept at Detroit Motor Show
The QX50 has sculpted sides, with creases running down both doors, plus rugged-looking plastic cladding around the wheelarches. Perhaps as a 2018 model, though bear in mind, Infiniti hasn't absolutely confirmed the new QX will get the VC engine.
Jan 11 2017
Tamil Nadu to declare all districts drought-hit, CM promises comprehensive relief
This comes just a day after the central government changed the status of the Pongal holidays from compulsory to restricted. Politics over holiday for the harvest festival sprang up suddenly due to misinformation and muddled Jallikattu situation.
Jan 08 2017
Donald Trump Says Russian Hacking Didn't Affect Election Results
Mr Assange's organisation has been under criminal investigation for its role in classified information leaks. I will appoint a team to give me a plan within 90 days of taking office.
Jan 17 2017Sikh Soldier's Punjabi song full of grievances, goes viral
Jan 16 2017YouTube in new bid to monetize livestreams
Jan 14 2017Morocco Bans Niqab, Burqa for Security Reasons
Jan 13 2017Fifa World Cup to feature 48 teams from 2026
Jan 13 2017Taylor Trupiano, Michigan man, ticketed for warming vehicle in driveway
Jan 12 2017Galaxy S8 Revealed In First Leaked Image?
Jan 12 2017Honoring the legacy of Martin Luther King
Jan 10 2017Australia's batsmen face grind in India, says coach Darren Lehmann
Jan 09 2017Rooney 'hugely honoured' to equal Manchester United record
Jan 08 2017Tom Holland, Ruth Negga Among Rising Star Nominees — BAFTA Awards
Jan 16 2017Luis Suarez hits brace in thumping Barcelona win
Jan 16 2017Obama eases Sudan sanctions
Jan 15 2017Harry Kane hits hat-trick as Tottenham power past West Brom
Jan 15 2017Ted Cruz to Mark Levin: 'Very Likely' Sessions Will Be Confirmed
Jan 13 2017Trump's Nazi Germany tweet puzzles German FM
Jan 13 2017Carrie Fisher's death certificate confirms heart attack
Jan 13 2017French far-right leader Marine Le Pen visits Trump Tower
Jan 12 2017Nokia Not Stopping With the Nokia 6, More Announcements Set for MWC
Jan 11 2017Sessions defends his civil rights record as protesters disrupt confirmation hearing
Jan 11 2017Super Retro Boy is nearly the 'Game Boy Classic' of your dreams
Jan 10 2017An enormous iceberg is breaking away from the Antarctic
Jan 09 2017How to watch the 2017 Golden Globes