Word: wealth
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...That's not to say that layoffs are not still happening. Earlier this week, UBS reportedly made cuts in its wealth management division. And overall, the number of workers in the financial services business in New York State fell by 2,800 in February to 659,800. But that was after two months of gains in employment in the industry. And February's drop was much smaller than the losses the industry had a year...
...impact was greater because Britain's growing wealth has fueled growing inequality. The gap between rich and poor is only slightly narrower in the U.K. than in the U.S. and yawns much wider than in other European countries. Social mobility has stalled. The gulf between City financiers and low-income Londoners is profound. "The bankers look down from their gleaming towers in the City, and they see a depressed and depressing East End," says Dominic Carman, the parliamentary candidate for the Liberal Democrat Party in Barking. "From the East End, the City looks like an El Dorado of gleaming spires...
...least on fears of the youthful opposition team's collective inexperience. There's another factor that counts against them: the Conservatives have traditionally been seen as the party of the rich, and few Brits are feeling flush. Moreover, Cameron and many among his front-bench team were born to wealth and privilege. Voters wonder if they can understand the concerns of ordinary folk...
...debate over the Lisbon Treaty might be interpreted as institutional navel-gazing. But have a broader look at the facts: over the last 15 years, the E.U. has taken on board 15 new members, doubling its size without compromising on its strict accession criteria. This required massive transfers of wealth and a high degree of solidarity...
...Although the card is being presented as existing solely for determining employment eligibility, "it will be almost impossible to say that this wealth of information is there, but you can only use it for this purpose," Coney says. "Privacy is pretty much hinged on the notion that if you collect data for one purpose, you can't use it for another." Calabrese expresses worries that this ID will become a "central identity document" that one will need in order to travel, vote or perhaps own a gun, which Melmed calls "mission creep...