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sao paulo, brazil — Income concentration in Brazil deepened significantly from 2017 to 2022. While ordinary Brazilians' salaries were unable to keep up with inflation, the country's richest 0.01% saw their incomes increase by 96% during that period. The data comes from a new study conducted by economist Sergio Wolff Gobbetti from the Institute of Applied Economics (Ipea). The study was published by the Fiscal Policy Observatory of the Brazilian Economic Institute of the Getulio Vargas Foundation (Ibre/FGV). The findings interrupt an important and growing debate about inequality in a country where 30% of the population lives in poverty. This…
Sao Paulo, Brazil — Income concentration in Brazil deepened significantly from 2017 to 2022. While ordinary Brazilians' salaries were unable to keep up with inflation, the country's richest 0.01% saw their incomes increase by 96% during that period. The data comes from a new study conducted by economist Sergio Wolff Gobbetti from the Institute of Applied Economics (Ipea). The study was published by the Fiscal Policy Observatory of the Brazilian Economic Institute of the Getulio Vargas Foundation (Ibre/FGV). The findings interrupt an important and growing debate about inequality in a country where 30% of the population lives in poverty. This…
Newmont strengthens leadership team with industry leader Peter Wexler named chief legal officer (Photo: Business Wire)Peter brings extensive international experience in managing legal, risk, compliance, M&A, antitrust and corporate governance issues.Denver, January 24, 2024–(BUSINESS WIRE)–Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Peter Wexler as Chief Legal Officer. Peter will join Newmont's executive leadership team and will be responsible for leading the company's legal, compliance and regulatory operations globally.Peter is an experienced professional with over 30 years of international knowledge in managing legal, risk, compliance, M&A, antitrust, litigation and corporate governance issues in…
Movie, TV, and music fans are already remembering notable figures who have passed away since early 2024. Some of the biggest names in television who have passed away include “Curb Your Enthusiasm” actor Richard Lewis, “Starsky & Hutch” star David Soul and Joyce Randolph, who played Trixie on “The Honeymooners.” In movies, movie fans remember director Norman Jewison from “Moonstruck'' and actress Glynis Johns from “Mary Poppins.'' Last year, the entertainment community welcomed musicians Jimmy Buffett, Shane McGowan, Robbie Robertson, and David Crosby, actors Andre Braugher and Matthew Perry, and writer/producer Norman Lear. , said farewell to such notables as…
Vermont, known for its commitment to progressive issues, has new goals in mind. It would add new taxes targeted at the wealthiest residents to address growing income inequality and ensure the wealthy pay their fair share. Lawmakers in the state introduced two bills this week that would add two wealth taxes. The first would impose a 3% tax on individuals with adjusted gross income of more than $500,000. The second would add taxes to capital gains on assets over $10 million. Vermont is not the first state to propose a wealth tax, with eight states proposing one last year. Propose…
The migration of high-income people to the United States has brought about major changes in the economic landscape. There has been a significant exodus of high-income individuals from large cities in recent years, especially during the pandemic, and large-city counties lost more than $68 billion in taxable income from net migration between 2020 and 2021, according to IRS data. lost. Large coastal cities like Manhattan, New York, San Francisco, and Los Angeles experienced particularly large revenue flight.This trend is also reflected in the destinations of choice for high-income earners, with many moving to states such as Florida, Texas, and Arizona.…
Stars are not always the same we Because sometimes they go above and beyond to show their appreciation by leaving amazing tips. Although a tip of 18 to 20 percent is considered “normal,” some celebrities have developed a generous habit of tipping 100 percent or more when dining out. For many celebrities, the decision to tip generously stems from their connections to or pasts in the service industry.when amy schumer I tipped $1,000 on a $77 bar tab while watching. hamilton For example, in March 2016, she told a bartender that she did it because she understood his struggle. “I've…
Over the past few years, inflation has increased the cost of living for many Americans. Many people are struggling to afford everyday necessities, and luxury purchases are completely out of reach for many. But it's not just the lower and middle classes who are struggling to make ends meet. A recent study by LendingClub found that 49% of people making more than $100,000 live until their payday. This means that in 2024, there will be some things that even the wealthy will have a hard time affording. Although inflation has subsided compared to its peak, many goods are still more…
Africa Studio / Shutterstock.comOver the past few years, inflation has increased the cost of living for many Americans. Many people are struggling to afford everyday necessities, and luxury purchases are completely out of reach for many.Discover: 5 things the middle class can't buy anymore ALSO READ: Put an extra $400 in your pocket every month with this easy hackBut it's not just the lower and middle classes who are struggling to make ends meet. A recent study by LendingClub found that 49% of people making more than $100,000 live until their payday. This means that in 2024, there will be…
Getting dressed has never been so difficult. It's not a 6-year-old's dilemma about which shoe is right or left, or an older person's struggle with bending over to tie shoelaces. No, I'm thin now. Are you worried about having the right clothes in your wardrobe for different clothing situations? Work clothes and casual wear are blurring, and when you factor in your age, you have to make difficult choices. If you're looking for the best value, throwing money at a situation won't prevent you from looking like you're wearing dark clothes or trying to play an inappropriate younger version of…