As U.S. economy picks up, richest get richer

Apr 25, 2013

As U.S. economy picks up, richest get richer

Wealth inequality widened dramatically during the first two years of the economic recovery, as the upper 7 percent of American households saw their average net worth increase 28 percent while the wealth of the other 93 percent declined, according to a report released Tuesday. ...

Jan 17, 2013

World Bank cuts Japan estimate due to isle row

The World Bank announced it has slashed its economic growth forecast for Japan to 0.8 percent this year from an earlier estimate of 1.5 percent, due partly to the negative impact of Tokyo’s territorial dispute with Beijing. “In Japan, the current dispute with China ...