According to Forbes, there are 403 billionaires in the U.S., as of March 2010. b. However, some believe the income gap is exaggerated, claiming c. The income of the richest group is growing much faster than the income of the middle and lower class.
Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
The board of the LDDC was mostly made up of local business owners and the funding was mostly private, with some public money. The effectiveness of urban regeneration in an MEDC can be looked at from an economic perspective. Prior to regeneration, there was high unemployment in both areas. In Newham in 2009, it was 7.5%, then the seconds highest of all London Boroughs. At its worst,
Myth #2: Most poor people are minorities. Almost 43 percent of people living in poverty are white. In proportions, however, African Americans and Latinos are much more likely to be poor than Asian Americans and whites. Myth #3: Most poor people live in inner cities. A large number (33 percent) of the poor live in inner cities, the suburbs, small towns, and rural communities.
According to Iceland, “The poorest 20% of the global population has not benefited much from general improvements. Of the world’s population living in developing and transition economies, 2.8 billion, or almost half, live on less than $2 a day.” There has been an extreme measure of poverty throughout the world that has lead to material and income deprivation across several regions. Sadly among the wealth nation in the world, the United States has a greater proportion of people who are poor. The United States having the highest GNP per capita in the world, at $26,400, has higher levels of both absolute and relative poverty than other rich countries in Northern and Western Europe. This reflects inequality and an uneven distribution (both factors that attribute to poverty) of wealth in
The two provide very different functions and the elements used are drastically different. The A.P. Green Chapel is a functional space that provides its users with a pleasant and enjoyable experience. The first noticeable features of the space are the long wooden beams that support the structure. Starting on the sides of the walls and expanding to the top of the vaulted ceiling the wooden beams add a sense of
Also found there are many small, unique, and cultural shops, in historical buildings, that when combined with the cultural aspect of Chinatown make this place a must see for all. Each building is beautiful, and none are the same. The alleyways are exciting and China town is a fun place for all. Of course the uses of the buildings and the buildings themselves are always becoming more modern, yet history is found for miles in this small but vibrant part of Victoria. Victoria’s historical landmarks make this city unique and full of depth.
The income of the top 25 per cent of Australians increased more rapidly than for the remaining 75 per cent. But it was for those at the top that the income growth was strongest. For example, after taking out the effect of inflation, the after-tax incomes of those in the top 5 per cent increased by $172 a week between 1990 and 2000. The incomes of middle and poor Australians increased by just less than $40 a week during this period. Wealth in Australia: Wealth is very unequally shared in Australia.
America is ranked as the 10 richest countries in the world with a GDP of $ 47.000 per capita and should be characterized as a welfare state. Yet, Approximately 87 million people are without health care insurance and another 25 million are underinsured (www.cnnmoney.com). This implies that millions of people are living without access
In the book Outsourcing America: Wages in developing countries such as India and China are 10 to 20% of comparable U.S. workers, and there is a nearly endless supply of educated underemployed workers in those countries. And it is much cheaper to live in the developing countries. For example, the cost of living in India or China is one-fifth that of the United States. (Hira