Indonesia’s middle class hard hit by rising fuel costs
<!– google_ad_section_start –> Before Indonesia effectively shut down for the Eid ul-Fitr earlier this month, Ibu Tarmi sold a kilogram of potatoes for about 6,000 rupiah. Now that price has...
View ArticleMarried cheats prefer lunchtime trysts
<!– google_ad_section_start –> With two million would-be Japanese adulterers signed up for the cheaters dating website ashleymadison.com, we can only wonder how its Hong Kong launch will go down...
View ArticleTenants in industrial building subdivided flats will get one-off subsidy
<!– google_ad_section_start –> Low income families living in subdivided flats in industrial buildings would receive a one-off subsidy, acting Chief Executive Carrie Lam Cheng Yuet-ngor said on...
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DealBook: Citi’s Quarterly Profit Misses Estimates
Citigroup, the nation’s third-largest bank by assets, said its profit rose to $3.23 billion, or $1 a share, from the period a year earlier, but its results were hurt by weakness in its fixed-income...
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It’s the Economy: Why Mayors Can’t Combat Income Inequality
Running a global city is tough — and that’s a good thing. See original here: It’s the Economy: Why Mayors Can’t Combat Income Inequality The post It’s the Economy: Why Mayors Can’t Combat Income...
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Plan to curb ‘benefit tourism’
David Cameron announces a crackdown on so-called “benefit tourism”, saying EU migrants will not be able to claim taxpayer-funded support indefinitely. See the article here: Plan to curb ‘benefit...
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The Revolt Against Urban Gentry
A backlash against growing inequality led to the recent election of leftists in cities like New York, but unless they can lure the middle class back, the income gap will likely widen. Read the...
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Osborne to make fresh spending cuts
George Osborne will announce a fresh round of spending cuts for Whitehall departments when he gives his Autumn Statement on Thursday. Original post: Osborne to make fresh spending cuts The post Osborne...
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Obama Previews 2016 Battleground
The president took on income inequality in a speech Wednesday—at a Clinton-friendly venue. But the issue threatens to divide his party, with an invigorated left looking for a new hero. Read the...
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Obama-Era Inequality
The president calls income inequality the ‘defining issue of our time.’ So it seems fair to grade him on his success at addressing it. By any measure, he has failed spectacularly. See the rest here:...
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In Nation Remade by Mandela, Social Equality Remains Elusive
Black South Africans are still very far behind whites when it comes to income and education, and by some measures falling further back. Read more here: In Nation Remade by Mandela, Social Equality...
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Watchdog attacks pension annuities
The Financial Services Consumer Panel says the annuities market is confusing and may not offer good value to pensioners. Read the original: Watchdog attacks pension annuities The post Watchdog attacks...
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Tulisa and ‘Fergie’ in the headlines
X Factor judge Tulisa Contostavlos is in the headlines over drugs charges, while the papers report the latest Old Trafford tribulations. Read more: Tulisa and ‘Fergie’ in the headlines The post Tulisa...
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Online spending up by 16%
There has been a rise of 16% in the amount we spend online, according to the latest data from Ofcom. Read the original here: Online spending up by 16% The post Online spending up by 16% appeared first...
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People born in 60s and 70s ‘poorer’
People born in the 1960s and 1970s will only be wealthier than the previous generation in retirement if they inherit money, the Institute for Fiscal Studies says. Originally posted here: People born in...
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New Health Law Frustrates Many in Middle Class
While the Affordable Care Act clearly benefits those at the low and high ends of the income scale, many middle-class Americans don’t qualify for health care subsidies, and are facing steep premium...
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Obama Lauds Pledges to Expand College Opportunities
Scores of college presidents along with corporate and nonprofit leaders promised new initiatives and money toward enrolling and graduating more low-income minority students. Read more: Obama Lauds...
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Osborne wants minimum wage rise
Chancellor George Osborne says he wants to see an above-inflation increase in the minimum wage, arguing the country “can afford” it. See the original post: Osborne wants minimum wage rise The post...
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Flood spending figures clarified
The government is forced to clarify its claim to be spending more on flood defences than ever before. View original post here: Flood spending figures clarified The post Flood spending figures clarified...
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2 Birthdays and 2 Ends of the Income Spectrum
On Monday’s holiday, the Obama family prepared food for the homeless, and two nights before, they celebrated the first lady’s birthday with a star-studded party. Read more here: 2 Birthdays and 2 Ends...
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