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Global economy

​America’s wealthiest families smash income ceiling, middle-class left far behind
Despite, or because of, the fallout from the 2007 Great Recession, annual earnings between the richest Americans and everybody else have exploded to record levels. Meanwhile middle- and lower-class wealth growth remains stagnant.

18.12.2014 08:32

Solstice searching: On market panics & currency collapse
The shortest day of the year is almost at hand. The longest night of worry for Russia’s economy is already upon us. Despite financial storm clouds which threaten international contagion, there is still hope.

17.12.2014 08:32

'Ruble slide: Speculators moved in as Central Bank was asleep at the wheel'
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.

16.12.2014 14:25

Whites the new minority in America by 2044
New population projections by the US Census Bureau show that whites will become a minority by 2044. The US will be home to a youthful, growing minority population juxtaposed against an aging, slow-growing, and soon to be declining white population.

16.12.2014 02:41

Canada pressures US to pass Keystone XL as falling oil prices threaten project
The Keystone XL pipeline may no longer make economic sense to build, thanks to falling global oil prices. However, Canada's natural resources minister is in Washington to push hard for the project’s construction.

15.12.2014 21:13

Labour immigration stance contradicted in counter-UKIP strategy leak
On the morning of Ed Miliband’s critical speech announcing Labour’s immigration policy, a leaked document revealed the party’s MPs and activists had been told to “move the conversation” away from immigration when speaking to voters.

15.12.2014 12:19

Oil prices plunge below $60 on weak forecast by IEA
The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply.

12.12.2014 11:25

Delta Airlines employee fired for protesting low wages
A Delta Airlines employee spoke to the press about the need to raise the minimum wage for less than a minute – but that was long enough to invalidate more than a quarter-century of work and get him fired.

12.12.2014 01:14

‘South Stream cancelation bad news for C. European countries that need cheap energy'
The abolishment of the South Stream gas project will negatively affect countries which need cheap energy, such as Hungary, Anna Van Densky, a political commentator for EU Reporter Magazine, told RT ahead of the Central Europe summit in Prague.

11.12.2014 15:00

‘Stranded assets’: Disclose growing fossil fuel investment risks, UK minister demands
UK Energy and Climate Change Secretary Ed Davey says firms should be forced to publically disclose their investments in the fossil fuel sector, highlighting the relationship between climate risk and a predicted decline in the value of such holdings.

11.12.2014 13:40

‘Plunging oil has ‘definite effect’ on Canada’
Oil prices that have collapsed to 5-year lows will dramatically hit Canada, as energy sales provide about 30 percent of the budget revenues, Jennifer Winter, Associate Director at University of Calgary, told RT.

11.12.2014 11:33

Un-Christmas spirit: 4mn hungry in UK as being poor meets public criticism
To be poor is not a crime – yet in Britain, the poor have been criminalized and demonized by a propaganda campaign that gives new meaning to the word 'vicious.'

10.12.2014 18:17