Global Income Growth Gainers; Muji PJs

Wed, 2018/01/31 - 3:28pm | Your editor
Printer-friendly version

 

I have good news and bad. We'll start with the good:

Researchers at Ohio State University say deep brain stimulation from a device similar to a cardiac pacemaker can slow the decline of problem-solving and decision-making skills in Alzheimer’s patients.In a study in the Journal of Alzheimer’s Disease, they reported that implanted thin electrical wires into the frontal lobes of patients with Alzheimer’s disease as a brain pacemaker could improve cognitive, behavioral, and functional abilities in patients with this form of dementia. Using deep brain stimulation targetting the frontal brain regions can delay and reduce the overall performance decline typically seen in people with mild or early-stage Alzheimer’s. The disease affects more than 5 million people in the U.S. That number is expected to rise to as many as 16 million by 2050 because of demorgraphics, according to the Alzheimer’s Association. (Source: FierceBiotech.com)

Now for the bad. An analysis of income increases since 1980 reveals that globally, the top 10% of income earners got 57% of the total income growth. The top 1% got 27%. And the top 0.1% got 13%. The bottom 50% of income earners got only 12%.

Moreover in North America, dominated by the US, the top 10% of earners received 67%of the total income growth; the top 1% 35%; and the top 0.1% 28%. Again the bottom 50% got little, a mere 2% of total income growth. Even the land of th3e moghuls, India, has less inequality than the USA. In China and Europe, the bottom 90% got half the total earnings growth, unlike the US situaion. (Source: Llelwllyn Consulting Independent Economics, London, www.llewellyn-consulting.com, headed by the former deputy chief economist of the Organisation for Economic Cooperation and Development. '

The message: accept that there is a basis for populism in the USA and also in India, with lesser but still considerable risk in China and globally.

A word of warning from Visa. If you are not from one of the following countries, you will be unable to enroll in www.global-investing.com or renew your sub on-line: Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Dominican Republic, Finland, France, Germany, Georgia, Greece, Guatemala, Hong Kong, India, Ireland, Israel, Italy, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico, New Zealand, Nigeria, Norway, Peru, Poland, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Ukraine, the United Arab Emirates, the United Kingdom, or the United States (including its territories.) Today is the last day during which we can accept subscriptions from outher countries including Malta, Indonesia, Pakistan, Bangladesh, Lebanon, Turkey, Haiti, Venezuela, Paraguay, Uruquay, Panama, Ukraine, and Caribbean countries and Central America. Sign up before your cards become unacceptable on February 1. This is not a decision by my company, but by the credit card issuers.

 

My sister-in-law's favorite shopping chain, Muji, a Japanese firm specializing in non-throw-away garments and objects, is having to throw away its catalogue because it mislabeled Taiwan as a country and failed to give credit to China for the disputed islands offshore. Marriott Hotels of the US and Zara, a Spanish clothing chain, also have been ordered to respect Chinese territorial claims in their global maps. Naturally they comply because there are more Chinese they can sell to. One of my shopping problems I getting cotton pyjamas for my large husband which have the same pattern top and bottom, which department store seem to be dropping. I used Muji over our Christmas break but will now try to find another PJ supplier.

 

More news today including a nifty company Q4 report, another takeover bid for a company I own (but not a GI stock), and news from Spain, Brazil, Japan, Israel, Canada, the UK, Sweden, the Dutch Antilles, Bermuda, Mexico, China, South Korea, India, Belgium, and Chile.

Full content is available to subscribers only. Subscribe now.