CSM: Will the US be competitive in 10 years?

CSM: It’s a leader on the global stage now, but the trade imbalance may erode US preeminence, report says.

SO: Made in Italy at Chinese Prices

The next stage of globalization is in full swing in Prato, once the center of the Italian textile industry. After the city lost jobs to factories in the Far East, now the Chinese and their low-wage workers are encroaching on Old Europe.

BBC: Richest 2% own ‘half the wealth’

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 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.