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All Dark on the Offshore Horizon: Capital Flight Accelerates as Austerity Looms

The strain Western state budgets have been experiencing in the aftermath of the financial crisis that exploded in 2008 has no parallel since the end of the Second World War, and has riveted attention everywhere to questions of taxation and budget expenditures. The measurement and assessment of income inequality has become a hot topic, and populations are becoming much more aware now of class divisions. Recent research has identified that inequality has intensified in recent decades, and that the consequences of inequality are significantly worse than expected. Inevitably, pressure to rectify the yawning wealth gap is building around the Western world...

David KERANS | 08.12.2011




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OUR COLUMNIST
    Valentin KATASONOV

Global Debt: The Tip and the Bulk of the Iceberg

Despite the chilling nature of the global debt and individual country debt figures cited in the report published by the well-known consulting firm McKinsey in February 2015, for the most part these figures are incomplete and underestimated. The situation is in fact far worse. This is clearly illustrated by the US, whose share of global debt is the largest...

27.02.2015
 
 
 
 
 
 
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