Tag: wealth gap

Nigeria’s five wealthiest men could end poverty in that country—OXFAM

Nigeria’s five wealthiest men could end poverty in that country—OXFAM

(GIN)—A new report by the anti-poverty group Oxfam International paints a devastating picture of economic inequality, finding that the combined wealth of five of the richest Nigerians—put at $29.9 billion—could end extreme poverty in their country yet millions face starvation in the country’s north east with no relief in sight. The report, “Inequality in Nigeria” […]

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More than 100 multi-millionaires in Namibia amidst ‘gross inequality’ report

More than 100 multi-millionaires in Namibia amidst ‘gross inequality’ report

| April 26, 2017

(GIN)—Namibia, the 34th largest country in the world with a population of just over two million is one of the wealthiest countries in Africa per capita, according to a new study by the market research firm New World Wealth. According to their report released this month, there are 3,300 millionaires and 120 multi-millionaires with wealth of […]

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World finance leaders huddle in Swiss hideout as inequality soars

World finance leaders huddle in Swiss hideout as inequality soars

| January 19, 2016

62 people control as much wealth as half the entire world (GIN)—As the world’s political and business elite head off to the World Economic Forum—held this week in a Swiss ski resort—activists from around the world are demanding that growing wealth inequality around the world must be stopped. The theme of this year’s gathering is […]

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Increased black home ownership would slice wealth gap

| March 23, 2015

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA)–Researchers studying the effects of public policy on the racial wealth gap estimated that the median wealth of black households would rise 451 percent if blacks owned homes at the same rates as whites. “With policies that advance the rate of black and Latino homeownership to the […]

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Ways to close nation’s wealth gap

Ways to close nation’s wealth gap

| March 17, 2014

By Charlene Crowell NNPA Columnist Today, middle class households feel the same financial stress that low- and moderate-income families have borne for years, says new research by the Corporation for Enterprise Development (CFED), a national nonprofit organization working to alleviate poverty and create economic opportunity.  In its report, Treading Water in the Deep End, CFED […]

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