On paper, it had all the makings of a perfect scandal – tax evasion aided by a household-name bank, the prime minister dishing out jobs to his City friends, bankers dishing out parcels of untraceable banknotes to account holders in Zurich. But, somehow, the story of HSBC’s Swiss banking arm’s ‘dodgy’ dealings let the genie out of the lamp ever-so-briefly, only for it to be sucked it again in no time at all. That particular scandal of money and politics...
Casual work and debt According to a recent report by TUC, one in twelve people in Britain are in precarious employment with figures rising by 61.8% for men and 35.6% for women since 2008. That means that 1 in 12 people are living a life of economic insecurity, and, at this time of year, it also means that thousands of parents or grandparents will be uncertain if they can afford to buy gifts for their families at Christmas. Yet...
by smteixeirapoit Income inequality soared in the United States, according to recent research published by Dr. Emmanuel Saez, Professor of Economics at the University of California Berkeley. In the past decade, the top 1.0 percent of incomes grew at a faster rate than the bottom 99.0 percent of incomes. As of 2007, the highest 0.1 percent of earners held 6.0 percent of the income and the highest 10.0 percent of earners held 49.7 percent of the income. These statistics were...
