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Friday, March 09, 2007

GREAT DIVIDE



A few words on poverty...


The haves and the have yachts

They call themselves "the haves and the have yachts": rich London bankers and traders who drop tens of thousands of dollars for an evening of cocktails and hire "personal concierges" to get their girlfriends dresses like those worn by movie stars.
Long a hub for the world's ultra-rich, London has just welcomed an unprecedented number of newcomers into those ranks. Analysts here estimate that London's financial stars were paid a total of $17 billion in annual bonuses in recent weeks -- including more than 4,200 people who received bonuses of at least $2 million each, on top of salaries already sagging under the weight of zeros.
"There is a great deal of money sloshing about," said Tony Travers of the London School of Economics, noting that 15 years of uninterrupted growth in one of the world's most open economies has set London's financial sector swaggering.

[One out of six inhabitants of this planet struggles daily for adequate nutrition, uncontaminated drinking water, safe shelter and sanitation as well as access to basic health care. These people get by on $1 a day or less. Every day more than 20,000 die of dire poverty, for want of food, safe drinking water, medicine or other essential needs. More...]

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