Income Gap News
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The Federal Reserve has learned how to lessen economic slumps as it turns 100 years old.
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Chancellor Angela Merkel will unveil her Christian Democratic Union’s campaign platform on June 24, the last political leader to outline a program in an election-year tradition reserved for the ruling party.
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From time to time, newspapers shower readers with predictions of a looming mass starvation in North Korea, usually in springtime. In March 2011, the New York Times wrote: “North Korea: 6 Million Are Hungry.” One year earlier, in March 2010, the Times of London warned: “Catastrophe in North Korea; China must pressure Pyongyang to allow food aid to millions threatened by famine.” In March 2009, a Washington Post headline read: “At the Heart of North Korea’s Troubles, an Intractable Hunger Crisis.”
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China’s income gap narrowed for the fourth straight year in 2012, the country’s statistics chief said today, the first time in a more than a decade the government has released the politically sensitive figure.
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Germany’s income gap has stopped widening as the economy expanded and more people found jobs, according to a Labor Ministry report that was attacked by opposition lawmakers for presenting a misleading picture of Europe’s biggest economy.
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The bipartisan Gang of Eight senators hammering out immigration reform got through some dicey moments and was looking to finish its work. Until last week, that is, when they ran into the question of what to do about workers coming to the U.S. temporarily to fill jobs that most Americans are unwilling to do.
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Hong Kong’s government may boost spending on the poor and elderly in its first budget under Chief Executive Leung Chun-ying tomorrow, as record home prices and falling ratings add pressure to narrow a widening income gap.
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The life of Park Geun Hye, South Korea’s just-inaugurated first female president, has so far been bookended by two larger-than-life men of debatable success.
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The San Francisco International Film Festival, the longest-running in North America, rolled out its programming lineup yesterday for the 56th edition of the two- week moviegoing marathon.
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Pickup trucks lined a stretch of gravel road where 150 farmers mingled between 7-foot tall cornstalks and shimmering soybeans to see which of their wealthy brethren would bid on a swath of Iowa’s richest cropland. This was a farm -- table-flat and 314 acres -- so coveted that it drew three times the usual land-sale crowd.
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