Tuesday, October 21, 2008
Rising Inequality With US among Worst
OECD Report Finds Rising Income Inequality With U.S. Among Worst
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October 21, 2008 12:42 p.m. EST
Linda Young - AHN Editor
Washington, D.C. (AHN) - Only two of 30 nations, Mexico and Turkey, are ahead of the United States for income inequality and poverty rates, or the gap between rich and poor, according to a report released Tuesday.
The report was released by Paris-based Organization for Economic Cooperation and Development of its 30 member-nations, most of which are developed countries.
In America, the average income of the richest 10 percent of people is $93,000. When compared to purchasing power parity, it is the highest in the OECD when compared with the average of $54,000 for OECD nations.
The poorest 10 percent of Americans have an income of $5,800 per year, compared to the OECD average of $7,000.
In addition, the richest 10 percent hold 71 percent of American's net worth and 28 percent of total income, leaving 90 percent of the population to split the remaining 72 percent of the nation's income.
While income inequality grew worse in the U.S., it decreased in France over the past 20 years because poorer workers were paid better.
The OECD report found that economic growth of recent decades benefited the rich more than the poor and in Canada, Finland, Germany, Italy, Norway and the United States, the gap also increased between the rich and the middle-class.
Social mobility is lower in countries such as Italy, the United Kingdom and the United States where there is a wide distribution of income and higher in Nordic countries where income is distributed more evenly, the OECD said in a statement on its website.
ShareThis
October 21, 2008 12:42 p.m. EST
Linda Young - AHN Editor
Washington, D.C. (AHN) - Only two of 30 nations, Mexico and Turkey, are ahead of the United States for income inequality and poverty rates, or the gap between rich and poor, according to a report released Tuesday.
The report was released by Paris-based Organization for Economic Cooperation and Development of its 30 member-nations, most of which are developed countries.
In America, the average income of the richest 10 percent of people is $93,000. When compared to purchasing power parity, it is the highest in the OECD when compared with the average of $54,000 for OECD nations.
The poorest 10 percent of Americans have an income of $5,800 per year, compared to the OECD average of $7,000.
In addition, the richest 10 percent hold 71 percent of American's net worth and 28 percent of total income, leaving 90 percent of the population to split the remaining 72 percent of the nation's income.
While income inequality grew worse in the U.S., it decreased in France over the past 20 years because poorer workers were paid better.
The OECD report found that economic growth of recent decades benefited the rich more than the poor and in Canada, Finland, Germany, Italy, Norway and the United States, the gap also increased between the rich and the middle-class.
Social mobility is lower in countries such as Italy, the United Kingdom and the United States where there is a wide distribution of income and higher in Nordic countries where income is distributed more evenly, the OECD said in a statement on its website.
Sunday, October 19, 2008
Friday, October 17, 2008
Can I Catch Clouds--by Lousie Zhang
Can You Catch The Clouds
Can you?
Can you?
Me, with my hands?
Oh, no, but I can
shut the clouds in my eyes.
I can
net the fluffy whiteness
with my brain waves,
I can
fan the clouds with my
whims and fancy
I can
darken the clouds
with my sorrows
and brighten it
with my smile.
My heart is holding every fiber
of that laden nothingness
which impresses millions of years earlier,
and floats to millions of years hither after.
In my palm, clouds evaporate into nothingness
My fingers
cling to it.
Have I caught It?
Wednesday, October 1, 2008
almost look like a "red guard"
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| From 0ctober revolution |
October 1st is China's National Day. In 1949 on this day, Chairman Mao declared that "from this day on, the Chinese people are no long on their knees.' ( The Chinese People have stood up now." something to that effect). In 1966, when I was 14, I was a red guard. that was 42 years ago. I looked something like this as a red guard. I don't have my red band on my arm now, but I have the army look cap on and I am in braids. However at that time, wearing sun glasses was "politically suicidal", a no-no, an anti-communist party, anti-socialism act. Now see how much we have advanced towards a universal look. Add a comment
october revolution
October 1st is the national day of the People's Republic of China. It is our "Independence Day". I used to be a red guard like almost everyone else in 1966, and we were called the second generation of the Red China.PRC is founded in 1949, October 1st. Russian Revolution in 1918 is known as "The October Revolution", not to be confused.
The words "Red Guards" really come from the Russian Revolution.
Monday, September 22, 2008
The Beautiful Things----poem by Louise Zhang
what is beautiful
defies analysis
but you will know
it is a beautiful song when you hear one
it is a beautiful flower when you smell one
it is a beautiful woman when you meet one
it is a beautiful book when you read one
it is a beautiful dream when you have one
beautiful things exist
for all your senses
open yourself to the beautiful
you will receive its radiance
you will receive its fragrance
you will receive its vibrations
you will receive its celebrations
the beautiful
finds its dignity in melody
finds its integrity in diversity
finds its purity in simplicity
finds its uniqueness in harmony
the beautiful
a blessing to come to you
a prayer to come to you
a regard to come to you
a love to come to you
when you see the beautiful
feel the beautiful
salute the beautiful
beauty is in you
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