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Tuesday, 8 March 2016

New Generations Suffer Growing Wealth Gap

Revealed: The 30-Year Economic Betrayal Dragging Down Generation Y’s Income

The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.
A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations.
A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies.

Recently it occurred to me that the wave pool provides a metaphor for a complex, but disquieting phenomena that I've have been writing about at for some time now -for previous articles see 2010, 2011, 2013 and 2015.
For anyone who has read one of these pieces you'll know how I have described that every three to four years volatility in the price of oil surges upwards as if spurred by an unseen wave machine.

Winter here is changing rapidly. Of the six warmest November-to-January seasons in Alaska since 1925, three have been in a row, including this one. Anchorage this year had its fourth-warmest February on record — at 29.9 degrees, almost 10 degrees above average — with little snow for weeks.

On the Republican side, Ben Carson was asked about Obama’s decision last year to “leave 10,000 U.S. troops in Afghanistan” indefinitely. That was in November 2015, and Carson dodged the question, shifting to a question of his own — on humiliation as counterterrorism — that he posed as an answer. “How do we make them look like losers?” he asked, arguably elevating the discourse on foreign policy in this most humiliating of election campaigns.

Final nail in the coffin: Greece faces financial meltdown AGAIN amid threat of end of Euro


GREECE is heading towards another financial meltdown in a repeat of last summer’s fiasco that could see them crash out of the euro.

Greek leaders have failed to make enough progress on reforms aimed at bringing down their monstrous debt after multi-billion pound bailouts last summer.
And now begging Athens chiefs have reached stalemate in negotiations with creditors to decide how to claw back financial stability.
The three main lenders - the eurozone, the European Central Bank and the International Monetary Fund (IMF) – all have different ideas on how much the country should lower spending as part of the bailout programme agreed last August.
Germany is taking a hard-line and refusing to give Greece more time to reach budget goals agreed with international lenders as part of August's bailout programme, despite the country struggling to deal with the migrant crisis.

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