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“ The existing literature (Khan and Riskin 1998, Gustafsson and Li 1999, Yang 1999, Li 2000, and Meng 2003) argues that income inequality has increased markedly over the last couple of decades Khan and Riskin (1998) and Li (2000) also provide limited evidence that China’s rural and urban income inequality differ and are growing at different rates. “
“that the Income inequality in China has risen rapidly in the past decades across regions, between rural and urban sectors, and within provinces. The dynamics of divergence across these sub-national areas have taken the form of a “race to the top”—meaning that all segments of the population, including the poor with low education in lagging inland rural areas, have experienced gains in average income. The largest gains have been registered by those with higher income and education in leading coastal urban areas.”
“A survey done last September by Horizon Research Consultancy Group, a Beijing researcher, showed a drop in life satisfaction and declining confidence about China's future, despite the country's double-digit growth rates. With food and housing prices rising, "people feel their quality of life has gone down," says Victor Yuan, founder and chairman of Horizon.
“The Treaty of Versailles imposed a huge debt on Germany that could be paid only in gold or foreign currency. With its gold depleted, the German government attempted to buy foreign currency with German currency, but this caused the German Mark to fall rapidly in value, which greatly increased the number of Marks needed to buy more foreign currency. This caused German prices of goods to rise rapidly which increased the cost of operating the German government which could not be financed by raising taxes. The resulting budget deficit increased rapidly and was financed by the central bank creating more money. When the German people realized that their money was rapidly losing value, they tried to spend it quickly. This increase in monetary velocity caused still more rapid increase in prices which created a vicious cycle.”
Originally posted by The angel of light
reply to post by JamesofOz
The Peace of God to all that belong to the light,
Well, what makes me feel really worried is to see this tremendous momentum that the campaign of Romney is experience now, there is too much people that is absolutely deceived by the mirage of unreal promises and absolutely wrong and irresponsible theories of how to boost economic recovering , at the price to destroy all the social security system, that is what he is spreading along America.
The Angel of Lightness
posted on 7/10/2011 @ 06:16 PM
the public opinion will emerge absolutely polarized in two different currents, one blaming the intransigence of the hard line Republicans that are trying to boycott the Obama administration with this lack of interest into find consensus on public affairs; and other blaming the Obama administrator due to try to create new taxes or expand the existing in times of crisis.
- The two political blocks, if there is no way to establish dialog, will push the Nation in to a definitive political division that will appear as unavoidable in the time of the Presidential Election. The electoral results will create a terrible confrontation in many regions and California will lead a Division of the Country in two: West States and East states.
- By that time when the country will have two parallel Federal administrations, one in the Pacific and other in the Atlantic the big earthquake of California, long expected by many, will shock the country creating the worst national disaster of all its History.
posted on 9/27/2010 @ 04:50 PM
Let me explain again the point: If some special committee of supposed gurus in Economy determine that the end of the recession that was started on the Bush Administration occured in June of 2009, what is going to happen if for any reason we affront another big fall in the markets in the end of this semester? even before the election? well the effect in terms of political possiblities for the Obama administration could be devastating, since the public following this false information will immediatly blame the goverment of to have created another recession.
posted on 1/11/2009 @ 04:20 PM
-The huge political polarization of the American population will be also reaching its end after the 2012 election, the political forces that are pushing for the radicalization of the division will be defeated as a consequence of that electoral result. Nevertheless, that will occur after various so critical moments for the national unity of the USA, boosted by a fierce opposition of the most conservator sectors of the Republican party against the Obama rule