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The Latest Breaking News from Inequality

‘Bank of mum and dad’ stoking Britain’s rising inequality, warns report

Billions in gifts or loans given when children are in early adulthood and buying first home or getting married

The Guardian - UK

Black farmers call for justice from the USDA

Decades after a major lawsuit against the USDA, Black farmers still face inequality. They say not all settlements from the case made it into their hands, which has exacerbated debt and other problems.

WEKU

Analysis of UK income inequality 'reinforces that indy Scotland would be better off'

A DAMNING analysis of UK income equality "reinforces findings of whitepapers" that an independent Scotland would be better off ...

The National (Scotland)

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The serious side of ‘mansplaining’ has been lost. That’s where the harm begins

The key context of the word inspired by my 2008 essay is that mansplaining is one part of a huge problem – of who gets listened to, and who gets believed, says writer Rebecca Solnit

The Guardian - UK

'Why me?' gang rape leader asks amid warning of 'serious consequences' for justice

Saimoni Vunilagi's barrister says inequality in COVID-19 emergency laws left the man in "peril".

The Canberra Times

US experts warn AI likely to kill off jobs – and widen wealth inequality

Economists wary of firm predictions but say advances could create new raft of billionaires while other workers are laid off

The Guardian - US

Waitangi Day celebrations struggle to mute politics in heated election year

Questions of sovereignty, inequality and New Zealand history hang in the background as political speeches foreshadow a future in which relationship with Māori plays a central role

The Guardian - AU

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Diversity, equity, and inclusion shouldn’t be the first casualties of hybrid work

Companies must remain vigilant in identifying new ways inequality may take root in a hybrid work environment.

Fortune

Direct support to small scale farmers reduces poverty - what Zambia is doing right

Over half of Zambia’s population lived below the national poverty line in 2015. In rural areas, where 89% of households are engaged in agriculture, the poverty rate was even higher, at 77% of the population.

The Conversation

Emissions divide now greater within countries than between them – study

Report finds ‘relatively small group’ of rich people contribute disproportionately to emissions

The Guardian - UK

Inequality in access to basic services is a major problem in sub-Saharan Africa - but progress is being made

Economic activity and development are unevenly distributed across regions of the world and within any country. In other words, where someone lives can determine their economic and social well-being.

The Conversation

New Zealand's tax system is under the spotlight (again). What needs to change to make it fair?

Aotearoa New Zealand’s new Prime Minister, Chris Hipkins, has said we should look at ways to make the tax system fairer. Finance associate minister David Parker made a similar point almost a year ago, though there was little real action after his comments.

The Conversation

Focusing on diversity means we miss the big picture. It’s class that shapes our lives

In shifting our gaze from equality, we lose sight of the most marginalised

The Guardian - UK

Ardern squandered her chance at transformational change at every turn

How Labour's economic handling of the Covid crisis created an explosion in inequality. By Elliot Crossan

Newsroom.co.nz

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Fortune

A Fed economist says the Fed is making inequality worse with its interest rate hikes

“Tighter policy…appears to prevent many lower-income families from buying homes,” Fed economist Daniel Ringo explains in a new working paper.

Newslaundry

Explained: Can wealth tax plug India’s income inequality?

The richest one percent of India’s population owns over 40 percent of the country’s wealth while the poorest half has just 3 percent. Wealth inequality in India has only sharpened since the pandemic, and the number of billionaires rose from 102 in 2020 to 166 in 2022, according to an…

The Guardian - UK

Britain, here’s a plan: stop applying old fixes to new problems. And stop obsessing about growth

Crises in productivity and wealth inequality won’t be solved with ideas from the 80s, says the author and historian David Edgerton

Fortune

Abigail Disney and Mark Ruffalo are among 200 millionaires calling for taxes on the ultra-rich

The Patriotic Millionaires called upon Davos conference attendees to address wealth inequality.

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Reuters

Crime, inflation hammer support for Chile's Boric in tough first year

Carmen Villegas, 56, a housewife in Santiago, was one of the millions of Chileans who turned out to vote for Gabriel Boric in 2021, propelling the young leader to the presidential palace amid optimism over his plans to reduce deep-seated inequality.

The Guardian - UK

Joseph Stiglitz: tax high earners at 70% to tackle widening inequality

Nobel prize-winning economist calls for new top rate of income tax and 2-3% wealth tax on fortunes

The Guardian - UK

‘We feel betrayed’: Peruvians on anti-government protests

Peruvians speak up about inequality as President Dina Boluarte declares state of emergency in Lima

The National (Scotland)

Scotland's sports body partners with charity to tackle racism

Scotland’s national agency for sport has announced a new partnership with the UK-wide race discrimination charity, Sporting Equals.

The Guardian - UK

I’m a millionaire – this is why I’m at Davos begging to pay more tax

I’ve seen how growing inequality is tearing societies apart. Now I’m calling for the world’s richest people to pay their fair share, says founder member of Patriotic Millionaires UK Phil White

France 24

Blame it on big tech? The digital age's growing inequality gap

You won't see Elon Musk in Davos this year. He says it’s boring on Twitter, which he now owns, and which is still bleeding money. The same big losses are being seen at his electric car maker Tesla. But it would take a lot more for the billionaire to go…

The Conversation

How large corporations make huge profits from hidden markups at the expense of consumers

Inflation, followed by poverty and social inequality are the most pressing issues worrying people around the world right now. Canada has not been immune from the rising cost of living and is still fighting an inflation rate above the two per cent target preferred by the Bank of Canada.

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