Daily Archives: January 25, 2015

Economist’s View: ‘The Prospects and Consequences of a Possible Syriza Government’

James Galbraith: I’ll start out by qualifying my role. I consider that I’m a friend of the movement for a change of government in Greece, and specifically a friend of Alexis Tsipras. I’ve been a colleague for the last couple of years of Yanis Varoufakis, who is now running for parliament in Athens at the moment on the Syriza ticket. He was preselected by Syriza for what is the largest multi-seat constituency. The night before the vote in Parliament, where the third round of the presidential selection precipitated this election, I sent a personal note of encouragement to Alexis Tsipras, which they released to the Greek press. So my position is known in Greece.

via Economist’s View: ‘The Prospects and Consequences of a Possible Syriza Government’.

BBC News – Where do the wealthiest 1% live?

As the business and political elite met at the World Economic Forum in Davos this week, there was much talk of rising inequality, and many references to the “wealthiest 1%”. The phrase conjures up images of billionaires living on private islands – but is that who the 1% really are?

A report by the charity Oxfam released to coincide with the Davos gathering caused a stir by predicting that the wealthiest 1% will soon own more than the rest of the world’s population.

It drew on research from the bank Credit Suisse, which estimated total global household wealth in 2014 at $263tn (£175tn).

That’s wealth, not income. It is calculated as assets minus debt.

via BBC News – Where do the wealthiest 1% live?.