Richest 1% will own more than all the rest by 2016

By Winnie Byanyima Executive Director, Oxfam International The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned the annual World Economic Forum prior to its meeting in Davos, Switzerland January 21-24, 2015. The explosion in inequality is holding back the fight against global poverty at a time when 1 in 9 people do not have enough to eat and more than a billion people still live [...]