Posts Tagged ‘riches’

Half the world’s wealth owned by 1% of its population Comments 0

Tuesday, October 27th, 2015

While wages stagnate, stock prices rise and the rich get richer. If you’re lucky enough to be a member of the global 1%, last year was another good year to be alive (every year is pretty great, though). Your wealth bracket increased its share of global riches so that it holds just over half of Read more

Tax, the poverty gap and NZ Comments 0

Friday, May 30th, 2014

At its simplest, the groundbreaking work by French economist Thomas Piketty proves no more than what we thought we already knew: the rich get richer. Whether the poor also get poorer is another matter. What would the taxi driver who took me across Beijing last year in a Toyota tricked out with three smartphones have Read more

Pope: Imitate St Francis by stripping away worldliness Comments 0

Tuesday, October 8th, 2013

On a pilgrimage to Assisi, Pope Francis has called on all Christians and the whole Church to imitate St Francis by embracing poverty and stripping away worldly attitudes. “A Christian cannot coexist with the spirit of the world,” he said, speaking in a room of the Assisi archbishop’s residence where St Francis shed himself of Read more

The rich get richer and more powerful Comments 0

Tuesday, July 30th, 2013

The political power and wealth of New Zealand’s business elite is on display in two important media publications this week – the NBR’s 2013 Rich List and the New Zealand Herald’s ‘Mood of the Boardroom’ survey of CEOs. Both publications illustrate the immense power and wealth that is concentrated amongst a miniscule group of businesspeople. Read more