Fat cats grab the most
The richest 0.1 percent of the world’s population have increased their combined wealth by the same amount as the poorest 50 percent since 1980, says the World Inequality Report, published in December. Around 76,000 people — the 0.001 percent — grabbed 4 percent of the all new wealth created over the past four decades. The richest 5 percent in the UK have an average wealth of £3.7 million, compared with £68,000 for the bottom 90 percent.
Preparing for Trump
With the new US Embassy in London almost complete, the prospect of Donald Trump’s possible visit to the UK gets closer. Embassy officials hope the US president will open their new home. So it’s good news that Left Foot Forward’s survey in December found that one in 10 people say they are likely to protest against Trump if he takes up his official invitation.
Corbyn says no to BDS
In yet another sign of the pressure Jeremy Corbyn is under from the right wing of the Labour Party, he says he does not back the boycott, divestment and sanctions (BDS) campaign against Israel. He also claims he would would not back targetted action against Israel’s illegal settlements.
Bannon out in the cold
The US Republican machine is blaming Steve Bannon, Donald Trump’s former far right adviser, for the stunning defeat of Roy Moore in Alabama’s senatorial election in December. Moore lost “the reddest [most Republican] state” to Democrat candidate Doug Jones. Bannon had persuaded Trump, and lead Fox News host Sean Hannity, to back Moore, despite clear evidence the former senator had molested teenagers — evidence that Bannon instructed his reporters to refute.