World’s Rich Got Richer Amid ’09 Recession

YAHOO NEWS– The rich grew richer last year, even as the world endured the worst recession in decades. A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.

Stock values rose by half, while hedge funds recovered most of their 2008 losses, in a year marked by government stimulus spending and central bank easing. “We are already seeing distinct signs of recovery and, in some areas, a complete return to 2007 levels of wealth and growth,” Bank of America Corp wealth management chief Sallie Krawcheck said.

The fastest growth in wealth took place in India, China and Brazil, some of the hardest hit markets in 2008. Wealth in Latin America and the Asia-Pacific soared to record highs. Asia’s millionaire ranks rose to 3 million, matching Europe for the first time, paced by a 4.5 percent economic expansion.

Asian millionaires’ combined wealth surged 31 percent to $9.7 trillion, surpassing Europe’s $9.5 trillion. In North America, the ranks of the rich rose 17 percent and their wealth grew 18 percent to $10.7 trillion. The United States was home to the most millionaires in 2009 — 2.87 million — followed by Japan with 1.65 million, Germany with 861,000, and China with 477,000. Switzerland had the highest concentration of millionaires: nearly 35 for every 1,000 adults.

Read full article about the World’s Rich Getting Richer.

© COPYRIGHT YAHOO NEWS, 2010

Photo by flickr user J_D_R

The Story of Stuff- Video

The Story of Stuff Project’s mission is to build a strong, diverse, decentralized, cross-sector movement to transform systems of production and consumption to serve ecological sustainability and social wellbeing. Our goals are to amplify public discourse on a diverse set of sustainability issues and to facilitate the growing Story of Stuff community’s involvement in strategic efforts to build a more sustainable and just world.

The Story of Stuff Project was founded in June 2008 by Annie Leonard to leverage the remarkable success of The Story of Stuff, a 20-minute web-film that explores the often hidden environmental and social consequences of America’s love affair with its stuff. Currently, the film has been viewed over 10 million times on-line and in thousands of schools, houses of worship, community centers and businesses around the world. Our Project’s focus is on systems of production and consumption—in particular the harmful environmental and social impacts of current modes of producing, consuming and disposing of material goods. Our Project is systems-focused, solutions-oriented and change-driven.

http://www.storyofstuff.com/

People in Power Make Better Liars

MSNBC– New York Gov. David Paterson is embroiled in a scandal over whether he used his power and influence to intimidate a woman pursuing a domestic violence case against one of his top aides.

As a result, the governor said last month that he would not seek a second term, and his communications director quit earlier this month, citing “integrity” issues.

Former Enron CEO Jeffrey Skilling, who went to prison after the spectacular collapse of the company, is appealing to the Supreme Court his 2006 conviction on 19 counts of fraud, conspiracy, insider trading and lying.

His lawyers argue that he didn’t get a fair trial and that Skilling’s conduct, “even if wrongful in some way,” was not illegal because he was not looking out for his personal interests “apart from his normal compensation incentives.”

The issue of integrity is at the heart of the predicaments these powerful men find themselves in. An organization’s health often hinges on the trustworthiness of its leaders, ethics experts say.

There’s old saying: power corrupts. A new Columbia Business School study titled “People with Power are Better Liars” finds there may be truth behind the cliché.

“People in power are able to lie better,” said Dana Carney, a management professor at Columbia Business School and one of the co-authors of the study. “It just doesn’t hurt them as much to do it.”

Read more at MSNBC.

Eve Tahmincioglu writes the weekly “Your Career” column for msnbc.com and chronicles workplace issues in her blog, CareerDiva.net.

© MSNBC, 2010

 
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China Tries to Sterilize 10,000 Parents Over One Child Rule

TIMES ONLINE– Doctors in southern China are working around the clock to fulfil a government goal to sterilise — by force if necessary — almost 10,000 men and women who have violated birth control policies. Family planning authorities are so determined to stop couples from producing more children than the regulations allow that they are detaining the relatives of those who resist.

About 1,300 people are being held in cramped conditions in towns across Puning county, in Guangdong Province, as officials try to put pressure on couples who have illegal children to come forward for sterilisation. The 20-day campaign, which was launched on April 7, aims to complete 9,559 sterilisations in Puning, which, with a population of 2.24 million, is the most populous county in the province.

A doctor in Daba village said that his team was working flat out, beginning sterilisations every day at 8am and working straight through until 4am the following day. Zhang Lizhao, 38, the father of two sons, aged 6 and 4, said that he rushed home late last night from buying loquats for his wholesale fruit business to undergo sterilisation after his elder brother was detained. His wife had already returned so that the brother would be freed.

Mr Zhang said: “This morning my wife called me and said they were forcing her to be sterilised today. She pleaded with the clinic to wait because she has her period. But they would not wait a single day. I called and begged them but they said no. So I have rushed back. I am satisfied because I have two sons.”

Thousands of others have refused to submit and officials are continuing to detain relatives, including elderly parents, to force them to submit to surgery. Those in detention are required to listen to lectures on the rules limiting the size of families.

On April 10 The Southern Countryside Daily reported on about 100 people, mostly elderly, packed into a damp 200sq m (2,150sq ft) room at a township family planning centre. The newspaper said: “There were some mats on the floor but the room was too small for all people to lie down and sleep, so the young ones had to stand or squat. Owing to the lack of quilts, many cuddled up to fight the cold.”

Among those being held was the 68-year-old father of Huang Ruifeng, who has three daughters. Mr Huang said: “Several days ago a village official called me and asked me or my wife to return for the surgery. Otherwise they would take away my father.” He said that he was too busy to go and did not have confidence in village medical techniques. In any case, he wanted his wife to give birth to a son first.

An official at the Puning Population and Family Planning Bureau, who declined to be identified, told The Global Times: “It’s not uncommon for family planning authorities to adopt some tough tactics.”

In Puning county couples with illegal children and their relatives who apply for permits to build a house are rejected. Illegal children are refused residency registration, a penalty that denies them access to healthcare and education. Authorities have discovered, however, that those methods have less success than rounding up relatives. One official said that an investigation would be launched to establish whether authorities in Puning had exceeded their remit.

A state-level regulation stipulates that couples who violate the family planning policy must not be punished without proper authorisation and family members may not be penalised to put pressure on couples. In the years after China launched its strict “one couple, one child” family planning policy in the late 1970s abuses such as forced late-term abortions, sterilisations and even the killing of newborn babies were widely reported. Such practices have diminished in recent years, as the policy has become more widely accepted and exceptions have been introduced.

Officials in Puning are under particular pressure, however: they risk failing in their bid for promotion to a second-tier county if they cannot meet all quotas. That includes keeping the number of births within government limits. The county is under criticism from Guangdong authorities, who want to slow a population growth that is reflecting badly on the entire province. One reason for Puning’s large population is that families in the mainly rural region often have up to three or four children.

Many of those with extra children have left to find factory jobs along the more developed coast, taking advantage of being away from local government surveillance to give birth outside the quotas. Rules in Puning, as throughout rural China, allow farmers to have a second child if the first is a daughter. After that couples must stop. By the morning of April 12 Puning officials said that they had achieved, in a mere five days, about half of their sterilisation goal after their “education” persuaded people to comply.

Family planning

• China is the world’s most populous country with about 1.3 billion people. By 2025 the population is expected to exceed 1.4 billion

• The birthrate is low at 14 births per 1,000 people every year but the infant mortality rate is also low, at 20.25 deaths per 1,000 live births

• The single-child policy, referred to by the Chinese Government as the family planning policy, was introduced in 1978 to ensure that China could feed all of its people

• The policy stipulates that couples living in cities can have one child, unless one or both are from an ethnic minority or they are both only children. In most rural areas a couple may have a second child after a break of several years

• Despite the policy, it is common to find couples in the countryside, where 80 per cent of the population live, with a large number of children

• Many couples get round the law by sending pregnant women to stay with relatives, then claiming that the baby was adopted or belongs to a friend or relative

• Critics say that the policy has led to the killing of female infants because of the traditional preference for boys

Sources: BBC; CIA World Factbook

© COPYRIGHT TIMES ONLINE, 2010

Photo by Flickr user Benoitflorencon

South Korean Couple Raise Virtual Baby While Real Baby Starves

CNN– A South Korean couple arrested for allowing their baby to starve to death had been raising an online child, state media reported citing police sources.

The couple, residents of a Seoul suburb, allegedly neglected their prematurely born three-month-old daughter, feeding her just once a day in between 12-hour stretches at a neighborhood internet cafe, the official Yonhap news agency reported.

Police said the couple had become obsessed with raising a virtual girl character called “Anima” in “Prius Online”, a popular role-playing game in South Korea.

“The couple seemed to have lost their will to live a normal life, because they didn’t have jobs and gave birth to a premature baby,” said Chung Jin-won, a police officer.

“They indulged themselves in the online game of raising a virtual character so as to escape from reality, which led to the death of their real baby.”

Professor Kwak Dae-kyung of Seoul’s Dongguk University told the Yonhap news agency that the couple appeared to have lost track of reality.

“Online game addiction can blur the line between reality and the virtual world. It seems that taking care of their on-line game character erased any sense of guilt they may have had for neglecting their daughter.”

Dae-kyung urged the government to prepare measures so that families and neighbors can contact local authorities or hospitals if anyone shows symptoms of online addiction.

“This kind of situation is not a problem that an individual can solve,” he said.

© COPYRIGHT CNN, 2010