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 ...

Income gap widens as jobs dry up

Jun 16, 2014

Income gap widens as jobs dry up

In August 2008, factory workers David and Barbara Ludwig both treated themselves to new cars. With David making $22 an hour and Barbara $19, they could easily afford the payments. A month later, Baldwin Hardware, a unit of Stanley Black & Decker Corp., announced ...

Hateful gossip in Beijing targets the entitled: media

Jun 11, 2014

Hateful gossip in Beijing targets the entitled: media

A majority of “rumors” swirling in Beijing target government officials and the rich, state-run media said on Wednesday, underscoring popular resentment at society’s “haves” amidst deepening inequality in China. “About 64 percent of the rumor samples in the research involved hatred of officials, 58 ...