Richest 1% to own more than rest of world, Oxfam says

The wealthiest 1% will soon own more than the rest of the world’s population, according to a study by anti-poverty charity Oxfam.

The charity’s research shows that the share of the world’s wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.

On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world’s wealth by 2016.

The research coincides with the start of the World Economic Forum in Davos.

The annual gathering attracts top political and business leaders from around the world.

Oxfam’s executive director Winnie Byanyima, who will co-chair the Davos event, said she would use the charity’s high-profile role at the forum to demand urgent action to narrow the gap between rich and poor.

In a statement ahead of the gathering, Ms Byanyima said the scale of global inequality was “simply staggering”.

“It is time our leaders took on the powerful vested interests that stand in the way of a fairer and more prosperous world.

“Business as usual for the elite isn’t a cost-free option – failure to tackle inequality will set the fight against poverty back decades. The poor are hurt twice by rising inequality – they get a smaller share of the economic pie and because extreme inequality hurts growth, there is less pie to be shared around,” she added.

Read more » BBC
Learn more » http://www.bbc.com/news/business-30875633

 

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“No civilization would tolerate what America has done”

Institutional racism. Rampant income inequality. A broken justice system. America may never be a great society

By DAVID MASCIOTRA, ALTERNET

This article originally appeared on AlterNet.

It seems police can get away with anything: choking men who have surrendered; shooting unarmed teens; knocking pregnant women to the ground. While the issues involving race, civil rights and the relationship between law enforcement and communities are essential for examination and correction, few are talking about how all of this fits into the larger pattern of America’s cultural decline and decay. America has become a society addicted to violence and indifferent to the suffering of people without power. Whenever there is a combination of a culture of violence and an ethic of heartlessness, fatal abuse of authority will escalate, and the legal system will fail to address it.

Critics are right to condemn the criminal justice system for its embedded inequities and injustices, but they are hesitant to condemn the actual jurors giving killer cops get-out-of-jail-free cards. These jurors are representational of America: ignorant and cold. They hear testimony from eyewitnesses claiming Darren Wilson shot Michael Brown while he had his hands in the air, and set Wilson free without trial. They listen to reports of three officers choking Robert Saylor, an unarmed man with Down syndrome who wanted to see a movie without a ticket, and they send the police back to work. They watch video footage of police choking Eric Garner in New York, and of two police officers brutally beating Keyarika Diggles, a woman in Texas, and they decline to make them pay for it.

Have they been programmed into cruelty and apathy by American schools, churches, families, politics, and pop culture?

There are practical demands that the sane minority of Americans can make as they march the streets of Ferguson, New York and Chicago. Body cameras on police officers is a technological aid to the people who live under military occupation from the blue army. Tougher requirements for entering the police force, and better training methods for those in the academy are essential, as is a sweeping and radical review, best led by the White House, of a racist and predatory criminal justice system.

Read more » SALON
Learn more »  http://www.salon.com/2014/12/29/no_civilization_would_tolerate_what_america_has_done_partner/

Kellogg’s to close London, Ont., plant and lay off 500 workers

By The Canadian Press

LONDON, Ont. — After nearly 90 years in London, Ont., Kellogg Co. will shut the doors of its cereal plant by the end of next year, cutting more than 500 full-time jobs.

Employees were told of the plans during a staff meeting Tuesday, about a month after the company announced a restructuring plan that would have laid off 110 workers by January.

Union president Bob Martin said workers were taken aback by the news, given that they had been working with Kellogg to lower costs.

“It was pretty shocking for us considering all the work we’ve done over the last several years,” said Martin, who represents Local 154G of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union.

Learn more » CTV News

Read more: http://www.ctvnews.ca/business/kellogg-s-to-close-london-ont-plant-and-lay-off-500-workers-1.1582962#ixzz3MeAtVgsX