. Energy News .




.
POLITICAL ECONOMY
Millionaires hold 39% of global wealth: study
by Staff Writers
Washington (AFP) May 31, 2011

Around one percent of households have 39 percent of the globe's wealth according to a study published Tuesday, pointing to increased inequalities in the wake of the global downturn.

The number of millionaire households across the globe increased 12 percent in 2010, according to The Boston Consulting Group report, increasing millionaires' share of wealth from 37 percent in 2009.

Despite being at the epicenter of the global financial meltdown, the United States had by far the most millionaires last year, with 5,220 millionaire households, and increase of 1.3 percent from the previous year.

Japan was second with 1,530 and China third with 1,110.

But it is emerging markets in Asia that can expect to see the biggest growth, increasing their share of wealth by 2.9 percentage points in 2010.

Tiny Asian economic powerhouse Singapore boosted the highest number of households with more than a million dollars under management.

Over 15 percent of households in the city state have over a million dollars in assets under management, well ahead of the Switzerland and the oil-rich Arabian Gulf states.




Related Links
The Economy

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Signs of recovery in Japan, debt a worry
Tokyo (AFP) May 31, 2011
Japan's economy showed signs of recovery Tuesday from its quake-tsunami disaster, but a failure to contain the industrialised world's biggest debt raised the prospect of a credit rating cut. Factory output rose 1.0 percent in April, data showed, against a record drop of 15.5 percent a month earlier as the March 11 disaster shattered supply chains and crippled power stations, including the Fu ... read more


POLITICAL ECONOMY
NASA sees a 14-mile-wide eye and powerful Super Typhoon Songda

Foreign NGO says satellite images indicate war crimes in Sudan's Abyei

Satellite observations show potential to improve ash cloud forecasts

For Aquarius, Sampling Seas No 'Grain of Salt' Task

POLITICAL ECONOMY
EU to launch Galileo satellites this fall

Galileo: Europe prepares for October launch

EU announces launch date for first Galileo satellites

Europe's first EGNOS airport to guide down giant Beluga aircraft

POLITICAL ECONOMY
Forest fragmentation threatens Europe, species: UN

Destruction of Brazil's Atlantic Forest falls 55%: study

Global Warming May Affect the Capacity of Trees to Store Carbon

Brazil farm interests score one against forest protection

POLITICAL ECONOMY
Secreting bacteria with auto-recovery eliminates cost barriers to biofuel production

Omnitek Engineering Ramps Up Diesel to Biogas Engine Conversions in the Philippines

Study details path to sustainable aviation biofuels industry in Northwest

New sustainable bio-derived jet fuel industry is achievable

POLITICAL ECONOMY
Flexible films for photovoltaics

Solar inverter Losses cut in half

ADB urges Asia to pursue solar power

Photovoltaics are an architectural design tool

POLITICAL ECONOMY
Windpower 2011 highlights industry trends and job creation

Google backs wind energy in California desert

Evolutionary lessons for wind farm efficiency

Global warming won't harm wind energy production, climate models predict

POLITICAL ECONOMY
13 dead in China mine accidents: state media

Massey Energy blamed for mine disaster

Targeted regeneration could be key to boosting coalfield communities

Seven dead in China mine accident: state media

POLITICAL ECONOMY
China vows to address Mongol grievances

China clamps down on Mongolian protests

US museums walk tightrope after China arrest

China clamps down on Inner Mongolia to quash demos


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement