Billionaires' wealth hits new peak amid rising poverty, Oxfam says
Billionaire wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability, anti-poverty group Oxfam said on Monday. In France, 53 billionaires are as wealthy as 48 percent of citizens. Meanwhile, more than 11 million people in the country live in poverty, a record high. [Continue Reading]
