Feed Yahoo Aims to Become More Nimble (nytimes.com)
Yahoo is restructuring its operations and shuffling its management in the hopes of competing more effectively against nimbler rivals.
Submission + - Richest 2% own 'half the wealth'
gollum123 writes: "BBC reports The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute ( http://news.bbc.co.uk/2/hi/business/6211250.stm ). The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world's population own barely 1% of global wealth. It deals with all countries in the world — either actual data or estimates based on statistical analysis — and it deals with wealth, where most previous research has looked at income. What they mean by wealth in this study is what people own, less what they owe — their debts. The assets include land, buildings, animals and financial assets. The study also finds that inequality is sharper in wealth than in annual income. In less developed nations, land and farm assets are more important, reflecting the greater importance of agriculture in those economies. In contrast, some citizens of the rich countries have more debt than assets — making them, the report says, among the poorest in the world in terms of household wealth."
Submission + - Richest 2% own half the world
kop writes: "The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.
The survey is based on data for the year 2000. The authors say a more recent year would have involved more gaps in the data. As it is, many figures — especially for developing countries — have had to be estimated.
Nonetheless, the authors say it is the most comprehensive study of personal wealth ever undertaken.
http://news.bbc.co.uk/2/hi/business/6211250.stm"
The survey is based on data for the year 2000. The authors say a more recent year would have involved more gaps in the data. As it is, many figures — especially for developing countries — have had to be estimated.
Nonetheless, the authors say it is the most comprehensive study of personal wealth ever undertaken.
http://news.bbc.co.uk/2/hi/business/6211250.stm"
