The wealthiest 400 people in the world saw their combined net worth grow by $92 billion last year, hitting $4.1 trillion. The bonanza for the super-rich was underwritten by governments and central banks around the world, which fueled surging stock markets and record corporate profits by pumping hundreds of billions into the financial markets.
The figures were provided by the Bloomberg Billionaires Index, which was initiated in 2012 and tracks the wealth of the 400 richest people in the world.
The combined net worth of these 400 individuals is greater than the gross domestic product of Germany, the fourth largest economy in the world. The average net worth of each of the billionaires grew by $240 million, to $10.25 billion.
2014 was a year of construction, of setting in motion, of changing the wheels while the car is still moving. It was an intrepid year that ruffled all our hair and allowed us also to doubt many beliefs that we thought were certain.
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(Image by Dahtamnay) | Source: Pressenza
No account can be completely positive, but neither can it be completely negative, because there have been advances and setbacks in all fields, on all continents.
Casualty figures for Iraq in 2014 were at their highest in over five years amid a spate of deadly violence which has been convulsing the country, the United Nations mission in the country reported on 2 January 2015.
According to the latest figures issued by the UN Assistance Mission in Iraq (UNAMI), last year saw a total of 12,282 Iraqis killed and another 23,126 injured, registering as the worst outburst of violence experienced by the country since the 2006-2007 biennium.*
Last month President Obama dispatched a formal letter to the Speaker of the House, John Boehner, listing a series of countries where US troops were or have been engaged in military operations during 2014. The preamble explains that the document is “consistent with the War Powers Resolution (Public Law 93-148), as part of my efforts to keep the Congress informed about deployments of U.S. Armed Forces equipped for combat.”
Source: WSWS
The War Powers Resolution was enacted by Congress in 1973, in the aftermath of the US withdrawal from Vietnam, and over the veto of President Richard Nixon, to require the president to keep the legislative branch regularly appraised of military operations that were being conducted without a congressional declaration of war.
HUMAN WRONGS WATCH 