Tag: India

The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%

Tina Marie (Ms. Cat)

The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%. The 1% are all millionaires in net wealth (after debt) and there are 52m of them. Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth – that’s a miniscule number of people (less than 0.1%) owning 25% of the world’s wealth!

The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%

Justice Department Files Lawsuit Against Facebook for Discriminating Against U.S. Workers

Tina Marie (Ms. Cat)

Justice Department Files Lawsuit Against Facebook for Discriminating Against U.S. Workers

Lawsuit Alleges Facebook Favors H-1B Visa Workers and Other Temporary Visa Holders over U.S. Workers

Related:

Fairness for High Skilled Immigrants Act exposes Silicon Valley’s hollow diversity slogans

This bill is great for Silicon Valley, but bad for high-skilled American workers. As OpenSecrets reported, “a significant portion of the lobbying done in favor of” the bill “was bankrolled by tech companies.” With this act, foreign-born workers would make up an even greater share of the tech workforce, for haf the pay, and Americans with STEM degrees would get the short end of the stick.

We Are Grass. We Grow on Everything: The Forty-Ninth Newsletter (2020)

Tina Marie (Ms. Cat)

Farmers and agricultural workers from northern India marched along various national highways toward India’s capital of New Delhi as part of the general strike on 26 November. They carried placards with slogans against the anti-farmer, pro-corporate laws that were passed by India’s Lok Sabha (lower house of parliament) in September, and then pushed through the Rajya Sabha (upper house) with only a voice vote. The striking agricultural workers and farmers carried flags that indicated their affiliation with a range of organisations, from the communist movement to a broad front of farmers’ organisations. They marched against the privatisation of agriculture, which they argue undermines India’s food sovereignty and erodes their ability to remain agriculturalists.

We Are Grass. We Grow on Everything: The Forty-Ninth Newsletter (2020)

Beijing Offers Dialogue With NATO After Alliance Identifies China as Threat

Tina Marie (Ms. Cat)

Beijing Offers Dialogue With NATO After Alliance Identifies China as Threat

On Tuesday, China said it hopes to engage in dialogue with NATO after news of a new report from the alliance that identifies China as an emerging threat. Hua Chunying, a spokesperson for China’s foreign ministry, said Beijing does not practice coercion and intimidation as the NATO report suggests.