America’s top 1% of the income of the rich, well below the 2007 time :2011 -12-13, the U.S. federal government tax information, located in the top of the pyramid of 1% of the high-income group, 2009, revenue in the national rate down , as low as 17%, well below 23% in 2007.
The average income of top income groups in 2009, fell to $ 957,000, much less $ 1.4 million in 2007.
“The New York Times,” analysts say, the rich revenues shrink, guided by the stock market, in 2008, during the collapse of the financial crisis, securities asset value, and dividends, are underperforming. However, in 2010, Wall Street rally, the net assets of the rich, may rise again.
This year, leaving vigorous “occupation of Wall Street” campaign is to focus on that 1% of the rich, and promote the trend, making the economic equality, as street protests and political debate.
University of Chicago (University of Chicago) School of Business Economists – Kaplan (Steven Kaplan)
U.S. Internal Revenue Service data analysis, this annual income of the wealthy 1%, and the stock market performance is closely associated with globalization in the United States caused by the financial industry is booming, growing businesses, and corporate executives in the financial markets, the first to be carved up, the economy growth makes the stock market boom, but, the bottom of society who can not enjoy the fruits grow, widening wealth gap.
Taking into account inflation adjusted, 2009, the top 1% of the average income in high-income population, below the 1998 level, but still much higher than in 1990, $ 662,000 level.
In contrast, after World War II, during the decades, the top 1% of the high-income groups, the average income growth rate, only a little faster than inflation, far and middle-class income growth rate. Thus, from 50 years to 70 years early, uneven distribution of wealth, the situation is slow.
By 1980, the rich income, the United States accounted for only 10% of total revenue, but then, the gap began to widen. In the 1980s, the United States implemented tax cuts, is considered to be the source of uneven distribution of wealth.
Chicago Business School economist – Mr. Kaplan
• Georgetown University economist Harry Holzer believes that in recent years, the rich 1% revenue growth to a large extent, depend on the internal privilege, and does not reflect the development of productive forces. High-income real source of income, has become a very doubtful thing, “he said.” Increase their income, for middle-income Americans, causing damage. ”
“Increasingly the world income inequality, and the United States far less serious,” he said.
Wall Street critics said the occupation movement, revenue growth of 1% rich people show concern for income inequality has been reduced.
• Obama administration officials before Jared Bernstein said, income inequality has soared to new highs. Bernstein said: “If you think that income inequality has been solved in the 21st century, you will prove to be extremely wrong.”
1% of America’s richest income rebounded in 2010; most analysts doubt whether they had returned to its 2007 peak, because the stock market was still lower than about 20%. Mr. Kaplan believes that new restrictions on Wall Street will continue to make the rich revenues, lower than the level of the year.
November 30 to December 2, three-day visit to Myanmar, Secretary of State Hillary Clinton, World, U.S., political, economic, and military-round; Myanmar, Southeast Asia, a key national strategic geography.
December 1, Hillary Clinton in the Myanmar capital Naypyidaw, and Wu Dengsheng President and other senior officials meeting, the night, to the former capital Yangon, Myanmar National League for Democracy leader Aung San Suu Kyi met. Dinner, Hillary Clinton to the Burmese democracy movement leader handed President Obama a personal letter, demanding that Burma’s transition to democracy, protecting human rights and promote reform, there must be tangible results. Hillary in the end of the meeting, told Aung San Suu Kyi, said the United States is closely watching the developments in Myanmar, to ensure that military-backed civilian government – will not stop all the political and economic reforms, will not turn back.
As a gift, Hillary carry a $ 1.2 million in gifts to give to the Government of Myanmar; her statement: “The money should be used to support social reforms in Myanmar.”
The Associated Press reported that Clinton’s talks with Wu Dengsheng, mainly related to Myanmar recently adopted reform and opening up measures, the United States concerned about Myanmar’s future development and other issues. Hillary for fear of the 120 million was diverted for other purposes, repeatedly stressed that “there is more need of reform in Myanmar,” urged Myanmar to release all political prisoners, and so on.
British “Daily Telegraph” and for the first time set foot on land in Myanmar Hillary, very cautious, 50 years of no contact, how to make her call on the Myanmar issue and daring, she feared offending the Government of Myanmar, the impact effect of the visit, Members do not want to annoy the United States, during the visit, using an old name of Myanmar “Burma”, more often, to Myanmar as “this country.”
Clinton repeated statement: “The U.S. engagement with Myanmar; Hillary’s visit to Myanmar, Myanmar is truly want to help bail out, to prosperity, for example, Hillary never let go – to lift the sanctions on Burma.
2011 ‘the world into the “era of big debt” – debt! Debt! Debt!
British writer John Lanchester in his latest book, the issue exclaimed: The world entered the “era of big debt.”
Because of financial and credit superstition, by the old but also new, the concept of debt sustainability, was prevalent. Unfortunately, the economic life cycle of debt “perpetual motion machine” hard to find. In just the second decade of the 21st century, the occasion, it was found that the risk of financial crisis set off, not eliminate, but the losses from the private sector, the burden shifted to the national level.
Europe’s heavy emergency fire-fighting, the United States re-stimulate the growth of emerging markets hedge weight, support the market situation has been demonstrated.
Lured by 2011 debt, Greece entered first seven crunch. Greece is a microcosm of the debt crisis, debt crisis in Europe is the world’s economy, “keywords.” From Iceland, the Irish banking system, the risk signs of exposure to the risk of the outbreak of the Greek debt down, then, Portugal, Spain bond market, were affected; November, Italy and France sovereign credit, has been questioned. European debt crisis can be described as startling step by step, layer upgrade. In early December, Standard & Poor’s credit rating will be 15 European government bonds, all included in the “credit watch negative” list.
Forced by the market in the process, many euro countries, liquidity, debt repayment ability and economic fundamentals are different degrees of difficulty. European debt problem “split the east wall, up the Western Wall,” to attend to the vicious circle, as the eyes of almost all analysts, in 2012, the most important global risk.
Across the ocean – the birthplace of the U.S. financial crisis, the same “debt pressure as a mountain.” Data showed the U.S. public debt balance to $ 1.5 trillion, with annual gross domestic product (GDP) of similar size. As of the end of September 2011 in the fiscal year, the U.S. federal government budget deficit, approaching $ 1.3 trillion, a record for three consecutive years, breaking the record of trillions of dollars. Official forecast, the next 10 years, the U.S. budget deficit, will net about $ 3.5 trillion.
This year, the emerging economies, the overall debt situation is better, is still abundant treasury, tax active.
International Monetary Fund (IMF) data show that in 2007, to 2010, the developed economies, sovereign debt balance to GDP ratio, from 73% to 96% increase
Emerging and developing economies, remained at around 36%.
2015, the former, will rise to 106%; the latter is expected to drop to 30%.
The world economy “is witnessing an economic climate change” – UBS Wealth Management Research Asia-Pacific head of Pu Yong-ho in the hands of “2012 Global Outlook” report wording.
The United Nations announced in December the “2012 World Economic Situation and Outlook” report, some of the major developed economies, the risk of a relapse into recession, are increasing, and drag other countries economic growth. For the world has become a growing source of power in China, how to prevent the risk of old and new, to maintain growth momentum and improve the quality of growth, is a global topic.
The parties believe that Asia and other regions of the emerging economies, the world economy in 2012 will be the “growth oasis.”
Padoan, chief economist at the OECD forecast: growth in emerging economies, or slow down, but not too serious, then, should the use of external pressure to bring the situation to further promote structural adjustment, enhanced economic flexibility.
Logan, chief U.S. economist at HSBC, freely about the current situation, when asked about the “financial crisis three years ago, American life, whether there any major turning point?” At this time, his tone depressed down. “Employment, income … … in a word, people’s views on the future, not the same.”
In the end, former U.S. Treasury Secretary Henry Paulson, sitting in the Central Business District in Beijing, China hotel conference room, excitedly told reporters about his days in China, the central city of the inspection, exciting experience.
In the U.S., under the consumer credit expansion, and promote growth patterns are changing. Paulson talked about the U.S. economy there is a structural problem. Over-indebtedness, exist in families, businesses and governments at various levels. Middle class income, no significant growth for many years, the widening gap between rich and poor. How to promote reform in the United States faces enormous challenges.
Goldman Sachs in 2008, 2012, review of U.S. economic growth and forecast, personal consumption spending, growth is limited, government spending, subject to constraints; export contribution to growth, is increasing. In the economic policy level, Obama’s recent repeat the “new nationalism”, revealing the tendency to further strengthen the government forces, and with the traditional neo-liberal concept of divergence.
In Europe, the deficiencies in the design of the euro, leading to the outbreak of the European debt risk concentration. In the recently concluded EU summit, EU countries have decided to give up by modifying the “Lisbon Treaty”, to strengthen financial discipline, choosing instead to a separate treaty to promote the euro area, the financial integration forward. Under the weight of financial burden, the European national social security system “to benefit” of the tendency, already apparent, for the economy and society, will bring far-reaching impact.
Global economic center of gravity, is from the “North”, the “South” transfer.
IMF data, the last two years, emerging and developing economies, the contribution of global economic growth, 30% from the past, rose to 60 percent, accounting for the total economy, from 30 per cent to more than half.
Trend, with 30 billion people in emerging markets, global growth and demand is becoming a dominant force.
Kohler’s worldwide best-selling high-end “smart” toilet, several key features, is from the Chinese market, “inspiration.” This may be an interesting footnote.
With the growth of sovereign and private capital, China. Brazil and other countries started to become a global exporter of new capital.
In the international monetary system, the euro has highlighted the structural problems, the dollar-dominated model and there are significant risks. These issues are discussed more and more insight, the reform of the entire system into in advance. Emerging economies in international economic governance and reform agenda of discourse and decision-making is growing.
German Science Foundation’s Asian political expert – Geha Ci. Will
American scholars – Curtis (Lisa Curtis)
Since June 2006, there have been evacuated more than 7,000 private enterprises in Shanghai, which are Zhejiang entrepreneurs, its headquarters moved to Hangzhou and Hong Kong …
University of Leicester (University of Leicester), a sociologist – Dr. David Bartram (Dr David Bartram)
California by the U.S. scholar Richard Stirling (Richard Easterlin)
English, English, automatic translation by Google; Google English; Google English; in Chinese shall prevail;
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