90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, January 20, 2014

Report: World’s Richest 85 Hold Same Wealth As Poorest 3.5 Billion

A slum community in Lucknow, India. (Tom Pietrasik/Oxfam)

A slum community in Lucknow, India. (Tom Pietrasik/Oxfam)

Income inequality has been in national headlines for weeks, but a new report out today from the Britain-based international charity Oxfam says it’s a major issue worldwide.

The report found “The bottom half of the world’s population owns the same as the richest 85 people in the world,” and concludes “This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems.”

Roben Farzad of Bloomberg Businessweek joins Here & Now’s Meghna Chakrabarti to discuss the new report.

Correction: In our interview, it was stated that the Oxfam report found that the world’s richest 85 people own $110 trillion. That’s not correct. The wealth of the one percent richest people in the world amounts to $110 trillion. We regret the error.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

March 31 77 Comments

Is The News Losing Its Appeal?

Young people are spending less time consuming news than previous generations, according to Pew Research Center.

March 31 Comment

U.S. Tennis Association CEO Hopes To Spread Love Of Game

Katrina Adams, the association's youngest and first black CEO, talks about her goals to draw people – old and young – into the game.

March 30 38 Comments

Sen. Warren: Not Interested In Reid's Job And Still Not Running For President

Elizabeth Warren insists she has no plans to jump into the 2016 race. She joins us to discuss her current political goals.

March 30 8 Comments

Unveiling The Pain Of Secondary Trauma Victims

Mac McClelland was diagnosed with PTSD after witnessing another woman's horror at being brutally assaulted. She joins us to explain why she didn't believe the diagnosis, at first.