skip to main content
skip to newscasts

Friday, April 26, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report: New Billionaire Created Every Two Days In 2017

play audio
Play

Monday, January 29, 2018   

DENVER – Last year, billionaires saw their wealth increase enough to end extreme poverty around the world seven times over, according to a report from the global charity organization Oxfam.

The report, “Reward Work, Not Wealth," says 82 percent of the wealth created in 2017 went to the top 1 percent, and that a new billionaire was created every two days.

Paul O'Brien, Oxfam America's vice president for policy and advocacy, says this growing inequality isn't good news for workers.

"It's not a good time to be a worker on the wrong end of the economic chain,” he states. “What we essentially have are market economies where the markets aren't being regulated and the rules are essentially being rigged by those who can afford to do so, and that's where you see extreme wealth emerging and people getting stuck."

Some criticize the report, saying it buries the good news that the bottom 50 percent of income earners around the world actually are doing better than previously thought.

The report focuses on the inequality women face in the workplace. It says women provided an estimated $10 trillion in unpaid work caring for someone else in 2017.

Charlie Ergen, the founder of Dish Network, is Colorado's richest man with a fortune estimated at $4.4 billion.

O'Brien says a lot of wealthy people contribute substantially to charities, but adds that the wealthy also have power to hurt the rest of society when they don't share their prosperity.

"If human dignity is dependent on everybody having enough power and rights to be able to lift themselves out of poverty, to live with dignity, should any individual have that much power?" he says.

The Oxfam report has also been chided as overly critical of capitalism and free markets.

O'Brien says it's the opposite – that the organization actually wants to see markets work for everyone.

"How do we actually create incentives for companies to grow, markets to work, without creating these extreme realities for people on both ends of the equation?" he raises.

O'Brien says governments should incentivize business structures that are more beneficial to workers, such as cooperatives, and find a way to compensate people who work in the care economy.









get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021