Let's admit it: Britain is now a developing country.
Gender equality? The WEF ranks us behind Nicaragua and Lesotho. Investment by business? The Economist thinks we are struggling to keep up with Mali. Let me put it more broadly, Britain is a rich country accruing many of the stereotypical bad habits of a developing country.
Aditya Chakrabortty discusses the increasing hollowing out of the UK economy, as well as the City as an economically distorting resource curse.
posted by jaduncan
on Dec 10, 2013 -
The poor in America: In need of help Some 15% of Americans (around 46.2m people) live below the poverty line, as Ms Hamilton does. You have to go back to the early 1960s—before Lyndon Johnson’s Great Society programmes—to find a significantly higher rate. Many more, like Ms Dunham, have incomes above the poverty line but nevertheless cannot meet their families’ basic monthly needs, and there are signs that their number is growing.
Once upon a time the fates of these people weighed heavily on American politicians. Ronald Reagan boasted about helping the poor by freeing them from having to pay federal income tax. Jack Kemp, Bob Dole’s running-mate in 1996, sought to spearhead a “new war on poverty.” George W. Bush called “deep, persistent poverty…unworthy of our nation’s promise”.
No longer. Budgets are tight and the safety net is expensive. Mitt Romney famously said he was not “concerned about the very poor” because they have a safety net to take care of them. Mr Obama’s second-term plan mentioned poverty once, and on the trail he spoke gingerly of “those aspiring to the middle class”. “Poor” is a four-letter word.
posted by infini
on Nov 8, 2012 -
Right Wing Radio Duck "Donald's life is turned upside-down by the current economic crisis and he finds himself unemployed and falling behind on his house payments. As his frustration turns into despair Donald discovers a seemingly sympathetic voice coming from his radio named Glenn Beck. "
posted by Arthur Phillips Jones Jr
on Oct 2, 2010 -
The UBS Bank
calculated how long it takes an average worker around the world to earn enough to buy a Big Mac.
Workers in Tokyo were the fastest:
Tokyo 10 minutes,
New York 13 minutes,
London 16 minutes,
Hong Kong 17 minutes,
Paris 21 minutes,
Moscow 25 minutes,
Rome 39 minutes,
Beijing 44 minutes,
Manila 81 minutes,
Jakarta 86 minutes.
Is this a fair comparison? Is it something that will change people's perspective about the rest of the world?
posted by PetBoogaloo
on Nov 17, 2006 -