Sep 16, 2014

Nearly half of China's ultrawealthy plan to emigrate, survey shows

Nearly half of China’s superwealthy individuals are considering leaving the country, a survey said Monday, with most citing better overseas educational and employment opportunities for their children. The global survey of 2,000 high net worth individuals by Barclays Wealth found that 47 percent of ...

Aug 27, 2014

The difference between good and bad equality

by Michael Spence

The "old" theory about inequality was that redistribution via the tax system weakened incentives and undermined economic growth. But the relationship between inequality and growth is far more complex and multi-dimensional than this simple trade-off suggests.

Aug 22, 2014

U.S. wealth gap widened in the last decade

A report from the U.S. Census Bureau provides fresh evidence that the rich are getting richer while the poor are getting poorer. The study, released Thursday, divided the U.S. into five groups from wealthiest to poorest. The median net worth of the richest households ...

Aug 19, 2014

China's Xi vows to rein in runaway executive pay

China’s president has promised to rein in “unreasonably high” pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry. President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling ...

Jul 24, 2014

Global fight against poverty slowing, U.N. report finds

Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in its ...

Jul 10, 2014

Europe tightens curbs on organ trafficking

The Council of Europe adopted a new international convention on Wednesday making organ trafficking a criminal offense, giving the police greater scope to hunt mafia groups involved in cross-border trade. The new convention calls on governments to make it illegal for donors to be ...