Wealth gap http://www.globalpost.com/taxonomy/term/22686/all en New evidence of shocking wealth gap between US states http://www.globalpost.com/dispatch/news/business/120920/united-states-census-bureau-wealth-disparity <p>The fight against poverty has failed to alleviate large disparities between the household wealth of different US states.</p> <p><a href="http://www.globalpost.com/dispatch/news/business/120920/united-states-census-bureau-wealth-disparity" target="_blank">read more</a></p> Wealth gap Global Economy United States Thu, 20 Sep 2012 20:14:00 +0000 Joshua Berlinger, Business Insider 5719926 at http://www.globalpost.com What's 'rich'? Depends on how old (and rich) you are http://www.globalpost.com/dispatch/news/business/global-economy/130129/whats-rich-old-wealth-money <p>From security to happiness, ways to know you&#39;re wealthy.</p> <p><a href="http://www.globalpost.com/dispatch/news/business/global-economy/130129/whats-rich-old-wealth-money" target="_blank">read more</a></p> Wealth gap Americas Business Culture & Lifestyle Global Economy United States Tue, 29 Jan 2013 20:50:08 +0000 Robert Frank, CNBC 5741081 at http://www.globalpost.com After the housing boom, opportunity dries up in Fernley, Nevada http://www.globalpost.com/dispatch/news/regions/americas/united-states/130228/opportunity-fernley-nevada-income-gap-great-divide <p><span style="font-size: 13px;">FERNLEY, Nevada &mdash; Evidence of the crash is everywhere in this high desert town.</span></p> <p style="font-size: 13px; line-height: 20px;">It&rsquo;s there on barren cul-de-sacs that jut off from the main commercial strip, a sharp contrast to a newly remodeled Starbucks, a highly prized Walmart and a sushi restaurant. And it&rsquo;s there in the &ldquo;Property Available&rdquo; signs that litter a forlorn landscape. The glaring words &ldquo;BANK OWNED&rdquo; are stamped on many of the signs, a kind of scarlet letter of unpaid debts. In the worst-hit part of town, there are simply broken fences that guard empty lots where nobody could afford to even start to build.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/united-states/130228/opportunity-fernley-nevada-income-gap-great-divide" target="_blank">read more</a></p> Wealth gap Want to Know United States Mon, 04 Mar 2013 11:01:00 +0000 Kevin Douglas Grant 5770216 at http://www.globalpost.com Hong Kong's surging real estate prices shed light on rising inequality http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/hong-kong-surging-real-estate-prices-great-divide-inequality <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> In the world's most expensive place to own a home, almost half of the population lives in public housing. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Benjamin Carlson </div> </div> </div> <!--paging_filter--><p> </p> <p><em>Editor's Note: This story is part of a GlobalPost Special Report on income inequality around the world, <a href="http://www.globalpost.com/special-reports/global-income-inequality-great-divide-globalpost">"The Great Divide."</a></em></p> <p><a href="http://www.globalpost.com/internal/section-config/china">HONG KONG</a> — There are few places for ordinary people to escape the mobs of tourists, touts and handbag hawkers in Tsim Sha Tsui — Hong Kong’s commercial hub — but for members of the city’s upper crust, there’s always the Platinum Lounge.</p> <p>Tucked away in the perfume section of luxury retailer Lane Crawford, the Platinum Lounge is available to cardholders who spend more than $10,000 a year at the department store. Inside this opulent oasis, uniformed attendants bring free drinks and mushroom quiche on silver trays. An original Andy Warhol screen print hangs from the wall.</p> <p>I am here on the invitation of Don, 30, for whom the platinum membership is an afterthought. A member of the city’s elite, Don said that in a typical month, he spends around $13,000 on his credit cards, though in December the total came to $65,000. The free miles he earns on these sums have taken him to <a href="http://www.globalpost.com/internal/section-config/japan">Japan</a>, Thailand, Singapore, Morocco, <a href="http://www.globalpost.com/internal/section-config/germany">Germany</a>, and Malaysia in the last year alone.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/hong-kong-surging-real-estate-prices-great-divide-inequality" target="_blank">read more</a></p> Wealth gap Asia-Pacific GroundTruth Tue, 02 Apr 2013 10:22:00 +0000 Benjamin Carlson 5775441 at http://www.globalpost.com Income inequality: In Congo, a tale of two cities http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/kinshasa-congo-wealth-gap-great-divide <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> In Africa's fastest-growing city, a new haven for Congo's wealthy burdens some of its poor. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Jacob Kushner </div> </div> </div> <!--paging_filter--><p> </p> <p><em>Editor's Note: This story is part of a GlobalPost Special Report on income inequality around the world, "<a href="http://www.globalpost.com/special-reports/global-income-inequality-great-divide-globalpost">The Great Divide</a>."</em></p> <p>KINSHASA, Congo — On one side of the water, hand-carved wooden canoes navigate the marshy canals of a crowded fishing village. Unpainted cement houses line muddy dirt streets where women sit at stands, selling the day's catch.</p> <p> On the other side, where the fishermen used to cast their nets, a posh private city is being raised from the bottom of the Congo River. Pumping millions of cubic meters of sand, the <a href="http://www.globalpost.com/internal/section-config/united-kingdom">British</a> hedge fund Hawkwood Properties is developing 1600 acres of water to become a tranquil residential haven complete with swimming pools, schools, grocery stores and a sports complex.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/kinshasa-congo-wealth-gap-great-divide" target="_blank">read more</a></p> Wealth gap GroundTruth Wed, 27 Mar 2013 10:21:00 +0000 Jacob Kushner 5794665 at http://www.globalpost.com In Palm Beach, Donald Trump's exclusive golf resort sits next to county jail http://www.globalpost.com/dispatch/news/regions/americas/united-states/130407/palm-beach-donald-trump-golf-prison-inequality <p><span style="font-size: 13px; line-height: 20px;">WEST PALM BEACH, Florida &mdash;&nbsp;</span><span style="font-size: 13px;">The criminal industrial complex with its warehouses of prisons and jails has become a kind of hidden American slum, a way to tuck away behind bars all the poverty and despair and he violence and drugs that come with it.</span></p> <p><a href="http://www.globalpost.com/dispatch/news/regions/americas/united-states/130407/palm-beach-donald-trump-golf-prison-inequality" target="_blank">read more</a></p> Need to Know Wealth gap United States Mon, 08 Apr 2013 10:00:00 +0000 Charles M. Sennott 5805016 at http://www.globalpost.com 'Heaven and hell' side by side in Burma http://www.globalpost.com/dispatch/news/regions/asia-pacific/myanmar/130407/heaven-and-hell-burma-income-inequality <p><span style="font-size: 13px; line-height: 20px;">HLAING THARYAR, Myanmar &mdash; A sprawling slum clings so close to the Pun Hlaing Golf Estate that errant drives from the tee can sometimes land on the thatched roofs of the shacks where 30,000 desperately poor people live amid squalor, open sewers and widespread disease.</span></p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/myanmar/130407/heaven-and-hell-burma-income-inequality" target="_blank">read more</a></p> Need to Know Wealth gap Myanmar Mon, 08 Apr 2013 10:00:00 +0000 Charles M. Sennott 5805026 at http://www.globalpost.com America's tax reform moment http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/americas-tax-reform-moment <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> For the first time in a generation, serious tax reform that addresses one for the causes of income inequality is possible. But will the fringes derail it? </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Moran </div> </div> </div> <!--paging_filter--><p>WASHINGTON &mdash; As the lights burn late and bright this week in American households striving to meet Monday&rsquo;s federal income tax deadline, signs suggest it may be possible for America&rsquo;s warring ideological tribes to agree on the first major reform in a generation of the overcomplicated, loophole-ridden and highly regressive tax system.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/groundtruth/americas-tax-reform-moment" target="_blank">read more</a></p> Wealth gap GroundTruth Thu, 11 Apr 2013 10:18:00 +0000 Michael Moran 5809733 at http://www.globalpost.com