Income Inequality News
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U.K. economic policy prevents Scotland from developing its strengths and is holding back a country that would be better off independent, the government in Edinburgh said in a report published today.
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Australia’s benchmark bond yield is offering the smallest premium over U.S. notes in 11 months as the sharpest predicted growth slowdown in four years spurs bets on further interest rate cuts.
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Treasury 10-year note yields traded at almost the lowest level in almost a week as Federal Reserve officials debated the pace of asset purchases amid mixed economic data.
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Chinese stocks rallied, capping the longest streak of weekly gains in four months, on speculation the government will accelerate economic reforms.
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The extra yield investors demanded to hold 10-year notes in the U.S. instead of Japan was within four basis points of the narrowest level in four months as the Asian nation’s economy expands faster than analysts expected.
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Federal Reserve Governor Sarah Bloom Raskin said income inequality and government cutbacks may slow economic growth for years.
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Incomes in Germany have been more evenly distributed than in other big European Union countries since the start of the financial crisis, the Organization for Economic Cooperation and Development said.
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February 22, 2013 - Helaine Olen has had it with self-proclaimed personal finance gurus offering glib advice. In her new book, "Pound Foolish," she describes how middle-class families are being buried by stagnant wages, and the rising costs of housing, education and health care emergencies. Meanwhile, she argues, the replacement of pensions with 401(k)s means financial firms found millions of new customers, but workers ended up worse off. The "personal finance and investment industrial complex" profit while half of Americans live paycheck to paycheck.
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Former Gold Fields Ltd. Chairwoman Mamphela Ramphele said Agang SA, a political movement she founded three months ago, has attracted 10,000 volunteers and is set on toppling South Africa’s ruling African National Congress in next year’s elections.
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U.S. colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to take on heavy debt, a report found.
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