The current regime is plainly comfortable
with concentration of wealth in SOE's [state - owned enterprises] and their princeling managers but must recognize limits.
Sadly,
with the concentration of wealth in America, many American families now live at or below the poverty line.
Not exact matches
Take that funding away and the market settles back into something more closely aligned
with the underlying reality — the one
of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented
wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.
The Boston Consulting Group projects this trend
of wealth concentration to continue,
with the millionaire class controlling 49 %
of global
wealth by 2019.
Catering to this
concentration of wealth, a slew
of luxurious restaurants have opened at the city's over-the-top hotels and resorts in recent years, many
of them
with star chef names on the awnings: Joël Robuchon, Mario Batali, Jamie Oliver, and Daniel Boulud have all opened properties in Singapore.
As
with income, these data show a long historical decline in the
concentration of wealth from the late 1920s into the late 1970s.
Crude demand sure to fall
with low industry growth, people getting poorer (as a result
of concentration of wealth in few hands) and increasing CNG and electric powered cars.
Is the rising power and capital accumulation
of FAMGA (Facebook, Apple, Microsoft, Google, Amazon) together
with advances in block chains and artificial intelligence leading to the
concentration of wealth in ever fewer hands, obsolescence
of manual labour and even the destruction
of capitalism, as Karl Marx believed in the 19th century?
«
With such great
wealth concentration at the top
of the economic ladder, and working people having a harder and harder time,» Gianaris said, «it seems fair to me that we should ask a little bit more on a temporary basis to make sure mass transit is working for everybody.»
Hawai'i's history since contact
with Europe and America includes colonization, disease, displacement
of native peoples, a plantation labor economy, and
concentration of land and
wealth into American - born hands.
Harry Truman, Missouri's favorite son, once observed: «Wall Street,
with its ability to control all the
wealth of the nation and to hire the best law brains in the country, has not produced some statesmen, some men who could see the dangers
of bigness and
of the
concentration of the control
of wealth....
The financial strain is greatest for disadvantaged districts
with little local
wealth and large
concentrations of low - income students.
However, North Americans can still claim the greatest
concentration of wealth, at US$ 11.4 - trillion, compared
with US$ 10.7 - trillion in the Asia - Pacific.
All
of this is
of a very high standard and
with the hotels located all around the city, the main
concentrations of hotels which are actually
of the most interest are the hotels located around what is known as the golden triangle where almost all
of the large conferences are held an there are
wealth of luxury international hotels all offering incredible accommodation as well as unbeatable business and conference facilities.
Huang and Chen are fascinated
with the myth
of New York as an ethnic mosaic and its reality as one
of the world's most intense
concentrations of wealth and poverty, materialism and spirituality, cultural interaction and ideological strife, immigration and racism...» - Huang Yong Ping, Chen Zhen, and France Morin, exhibition brochure.
The first is the increasing vulnerability and exposure associated
with increasing
concentration of wealth in coastal and other disaster - prone regions.
Dr Cassandra Goldie, CEO
of ACOSS, noted when launching the report that growing inequities in income and
wealth are a «problem both socially but also, importantly, economically as the IMF (International Monetary Fund) has alerted us to,
with an important report just last week, that if we're serious about economic growth,
concentration of income and
wealth in the top is bad for the economy».
Meanwhile, strip centers are in favor
with lenders, says Murdoch, because the
wealth of grocery store and drug chains that typically anchor them «have higher
concentrations of strong credit tenants» than other retailer groups.
The other disturbing trend is the decline
of the middle class combined
with a sharper
concentration of wealth at the top.