Bill Gates at the World Economic Forum Annual Meeting in Davos
SOCIETY is being robbed blind by the likes of Bill Gates, who pretends to give away his wealth while he is actually increasing his wealth through investments he pretends to be "charity". According to [1], "Last year Gates increased his wealth by $15.8bn and has now once again become the world’s richest man, worth about $78.5bn. [...] Gates has helped us unmask the true interests of the corporate elite."
Last year Gates increased his wealth by $15.8bn and has now once again become the world’s richest man, worth about $78.5bn. He’s not alone – as a whole the world’s millionaires got 11% richer last year. For the rest of us, the decades-long trend of stagnating income continues. In some countries – Greece, Spain and Britain – median household income fell sharply.
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This week Gates is portrayed as a dreamy idealist, explaining to Davos seminars how ‘there will be almost no poor countries left in 20 years time’. Presumably this will happen with a lot of charity, but without minimum wages. Certainly Gates’ money will have significantly shaped the form which that ‘development’ will take, not least through the Bill and Melinda Gates Foundation. Forget democratic national projects, the world’s richest many will decide what sort of food you will eat and which corporation will supply your medical needs.
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Charities like Oxfam which talked about inequality did some essential work to frame the global context in which Davos takes place. But we need to do more than put these issues on their agenda. The corporate elite represented at Davos cannot be allowed to meet in luxury and pretend they have the answers to the world’s problems. They are the world’s problems. Gates has helped us unmask the true interests of the corporate elite.
Further, this poorer "bottom half" now has about the same amount of money as the richest 85 people in the world, and the wealthiest grew their share of bounty in 24 out of 26 countries surveyed between 1980 and 2012, the study says. The research was compiled using data from Credit Suisse's World Wealth report and the Forbes' billionaires list.
The rich and powerful at the World Economic Forum are not as worried as they should be about the gap between rich and poor
The report that everybody's talking about this morning is Oxfam's opus on global inequality, which leads with an eye-popping statistic: The richest 85 people in the world own more wealth than the bottom half of the entire global population.
Since then the destabilisation of Royal Dutch Shell has gathered pace with the profits warning that shocked the markets on Friday.
From what was stated in a Wall Street Article published yesterday, the new Chief Executive is likely to be receptive, as he apparently already had reservations about the “elephant projects” promoted by a previous Shell CEO, Jeroen van der Veer.
The Public Power Corporation S.A Hellas (DEI) could not escape the tragic reality that the majority of Greek enterprises and households face every day. There is a deficit in DEI’s revenue due to unpaid bills, which reaches the amount of 1.3 billion euros. This amount is increasing every day by 4 million euros.
The numbers: Ugly. Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013. Analysts were expecting a profit of nearly €600 million, according to FactSet estimates. Revenues slipped by 16% versus the prior year.
One achievement of which I am very proud was my part in ensuring that the UK did not place restrictions on the right to free movement of the first EU Eastern European accession wave. The arrival of so many Poles, Czechs, Hungarians, Latvians etc in the UK has been a brilliant social and cultural development and provided some support for an economy wrecked by the reckless greed of bankers.
The NDAA allows the suspension of habeas corpus, indefinite detention
Monday, 1/13/14, I got a notice from my bank, Wells Fargo. It was a notice (see copy below) to inform me of changes with my checking & savings accts with them. Ive attached 2 pic of the letter so you can see. It reads: "Effective April 7, 2014, the fee for deposited U.S. or foreign currency denominated international items, including drafts, will be $5.00 per item."
The material involved in our project includes more than 200 hours of footage of Austin and Beccy during their 100 plus day experiment of living on bitcoin. We also have between 50 and 60 interviews which we shot over the course of the project. Additionally, there are several more interviews which we are hoping to get to complete the story.
Earlier this month, Hawaii State representative Tom Bower (D) began walking the streets of his Waikiki district with a sledgehammer, and smashing shopping carts used by homeless people. “Disgusted” by the city’s chronic homelessness problem, Bower decided to take matters into his own hands — literally. He also took to rousing homeless people if he saw them sleeping at bus stops during the day.
In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators. On February 27, 2005, Bill Campbell, a member of Apple’s board of directors and senior advisor to Google, emailed Jobs to confirm that Eric Schmidt “got directly involved and firmly stopped all efforts to recruit anyone from Apple.”
Today's share price confirms the company was grossly undervalued, cheating the taxpayer out of billions of pounds
Police chiefs say water cannon are needed because 'austerity measures are likely to lead to continued protest'
Official worldwide unemployment climbed to more than 200 million for the first time last year, according to the International Labour Organization (ILO), a UN agency, underscoring the deepening impact of the global economic crisis that erupted in 2008.
In its annual “Global Employment Trends” report, issued today, the ILO said an estimated 201.8 million people were jobless in 2013, up by nearly 5 million in one year. This is a new high, exceeding 2009’s record of 198 million.
A New York City institution for promoting bitcoin has released proprietary hardware and software that enables developers to create and operate inexpensive bitcoin automatic teller machines.
The Bitcoin Centre NYC, an educational institution for promoting awareness of cryptocurrencies, and its strategic partners released the hardware and software, in a move to open source every aspect of a working bitcoin ATM.
More Android apps may soon have built-in support for Bitcoin payments thanks to a new partnership between Coinbase and BitMonet.
A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers.
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One can hardly accuse Bitcoin of being an uncovered topic, yet the gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous. In this post, I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up, and what I think Bitcoin’s future potential is.
First, Bitcoin at its most fundamental level is a breakthrough in computer science – one that builds on 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world.
In 2010 and 2011, a lot of geeks acquired something called bitcoin. It’s a novel form of currency that breaks all the rules you know and redefines currency as we know it. In 2011, this currency was worth mid-single digits per “coin”. Today, one such coin is worth upwards of a thousand US dollars, and newly-minted millionaire geeks are hungry for toys – but almost nobody’s selling.
Lobbyists representing leading US technology companies urge thinktank advising G20 not to close international tax loopholes
By establishing democracy inside the enterprise, WSDEs make government responsible and accountable to the people as workers. Political democracy remains merely formal when governments' direct dependence on people as voting citizens is not matched by governments' direct dependence on people - in large part the same people - as workers. Real political democracy requires its integrated partnership with economic democracy as envisioned in economies where WSDEs prevail. Traditional socialisms' over-emphases on macro-level differences from capitalism (substituting state-regulated or state-owned for private property and state planning for market exchanges) would be radically corrected by the micro-level transformation of enterprise organization from capitalist to WSDE.
It's a sight to behold. Just off Lagos, Nigeria's coast, an artificial island is emerging from the sea. A foundation, built of sand dredged from the ocean floor, stretches over ten kilometres. Promotional videos depict what is to come: a city of soaring buildings, housing for 250,000 people, and a central boulevard to match Paris' Champs-Ãâ°lysées and New York's Fifth Avenue. Privately constructed, it will also be privately administered and supplied with electricity, water, mass transit, sewage and security. It is the "future Hong Kong of Africa," anticipates Nigeria's World Bank director.