Calculations are relative to average income – so Britain appears to be worse than countries where most people are poor, because average incomes in the UK are higher.
In the latest of a succession of highly critical reports about Britain by UN agencies, Unicef said child poverty in the UK increased by 1.6 percentage points between 2008 and 2012 to 25.6 per cent.
The global report on inequality released by the charity on Wednesday, warns that the “billionaire boom is not just a rich country story”. India, which had two billionaires in the 1990s now has 65, while by March 2014 there were 16 billionaires in sub-Sharan Africa.
We The Economy (jdargis)
In the current economic climate, the need for citizens to be engaged and informed is greater than ever. Distributed digitally, across multiple platforms and in theaters, WE THE ECONOMY will do both… and best of all: it’s available everywhere, to everyone.
This number is important, because the Fed believes that it is the total stock of the securities it holds that influences long-term interest rates, not the flow of new purchases. (This perspective is sometimes called the “stock view,” and while it has been endorsed by many Fed economists, some market players remain unconvinced. I am not persuaded by their counterarguments.) Because the Fed plans to continue to hold these assets, you should expect long-term interest rates to remain low, making it cheaper for businesses and families to borrow.
This doesn’t just apply to steakhouses, though. Just last week, McDonald’s noted in their investor conference call that beef contributed to a 3% overall increase in the cost of meat and dairy products. The fast-food chain also noted that margin pressure will continue through the end of the year.
Other restaurants that use a lot of beef have watched their profits — and stocks — decline.
The signal switched to “neutral” at the beginning of August and then very quickly it indicated “disinflation” once again. A rather dramatic move in the USD, commodities, gold and silver followed. As can be seen on the following chart, the signal works well in real-time.
Oliver Gross Says Peak Gold Is Here to Stay (Kevin J.)
The wave of zero-interest liquidity washing over the financial world could result in a short-term gold bottom of $1,000 per ounce, reports Oliver Gross of Der Rohstoff-Anleger (The Resource Investor). The good news is that Peak Gold is here to stay, which means that midtier producers will soon be desperate to buy low-cost, high-quality deposits. In this interview with The Gold Report, Gross argues that this could be the opportunity of a lifetime for contrarian investors, and suggests a half-dozen best bets to be taken out.
UK Renewables May Be Turning The Tide (Evan K.)
With the exception of geothermal energy most forms of renewable electricity generation have an intermittency to their delivery. Even hydro-electric power can fall short in periods of drought or low rain fall as the Chinese can attest to on the Three Gorges dam across the Yangtze River. Hydro, though, is generally taken as the dream power source. Usually large, sustainable for long periods of time, non-polluting – apart from the millions of tons of cement used in the construction phase – and, once built, environmentally acceptable.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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