| Jan 20, 2014
| 4:45 PM
As business and political leaders gather in Davos, Switzerland, to discuss the improving world economy, new evidence emerged about how much the rich have become richer — and how much further the poor are falling behind.
The 85 richest people on...
| Jan 20, 2014
| 6:23 AM
The 85 richest people on Earth have the same amount of wealth as the bottom half of the population, according to a new report that highlights growing income inequality as political and business leaders gather for the annual World Economic Forum in Davos,...
| Jan 17, 2014
| 6:25 AM
Worsening income inequality is the risk most likely to cause serious damage around the globe in the coming decade, the World Economic Forum said in a report ahead of its annual gathering in Davos, Switzerland, next week.
The widening gap between rich...
| Jan 15, 2014
| 5:50 AM
WASHINGTON -- The global economy is at a turning point this year as it shows signs of strengthening, with the U.S. and other developed countries expected to see stronger growth, the World Bank said.
"Most of the acceleration is expected to come from...
| Jan 2, 2014
A friend recently got stuck when he tried to explain to his son, who was struggling to find a job, how our economy got to be the way it is. He asked my help since I am a well-known crank on the matter. I offered him three short anecdotes:
| Dec 27, 2013
| 5:27 PM
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market — what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus.
Instead, we're on track for a...
| Dec 12, 2013
| 1:06 PM
Touted as an awards front-runner since early autumn, British director Steve McQueen finally garnered Golden Globes love Thursday for his searing depiction of antebellum plantation life in “12 Years a Slave.”
The Hollywood Foreign Press Assn....
| Dec 11, 2013
| 8:12 AM
WASHINGTON -- Clear communication from Federal Reserve officials could reduce the risk to developing economies when the central bank starts reducing a key stimulus program, the head of the World Bank said.
Developing nations saw their borrowing costs...
| Dec 3, 2013
| 9:25 AM
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report.
Consulting firm Ernst &...
| Nov 28, 2013
| 2:46 PM
PANAMA CANAL ZONE — After waiting out an early-afternoon downpour, Vice President Joe Biden and the U.S. delegation emerged into the humid heat to tour the $5.2-billion canal expansion.
Baltimore Mayor Stephanie Rawlings-Blake snapped pictures...
| Oct 25, 2013
| 11:30 AM
The world's gender gap narrowed slightly in 2013, improving in 86 of 133 countries ranked by the World Economic Forum.
Iceland, Finland and Norway were the top-ranking countries, having closed more than 80% of its gender gap, the report said. The...