The World Inequality Report

by Max Lawson, Head of Inequality Policy,  Oxfam International

This week saw the launch of the first ‘World Inequality Report’ written by the team at the Paris School of Economics and based on the data collected by over 100 researchers behind the World Incomes Database.  The summary is very short and full of fantastic charts, well worth taking a look at.  They have pioneered the use of tax data and other sources to recalculate the incomes of those at the top, which are hugely underestimated. They have now done this for enough large countries to make some conclusions about global trends, which is the basis of the report.
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£280bn Global Arms Sales in 2016

Global sales of weapons and military services have risen for the first time in five years, helped in part by an increase in sales by British companies.

Weapons – many of which are fuelling deadly conflicts in the Middle East – are now being bought and sold at the highest level since 2010, with sales up more than a third (38 per cent) since 2002.

Military kit worth $374.8bn (£280bn) was sold in 2016 by the industry’s top 100 companies, an annual review by the Stockholm International Peace Research Institute (Sipri) found.

The findings came as UK firm BAE Systems signed a $6.7bn deal with Qatar to buy 24 Typhoon fighter jets.

British arms sales rose 2 per cent last year and now amount to almost 10 per cent of global sales, researchers found.

Germany’s arms sales jumped 6.6 per cent while South Korean companies notched up 20 per cent more sales than a year earlier. …

Sales by Lockheed Martin – the world’s largest arms producer – rose by 10.7 per cent in 2016, the report found, linked to the sale of F-35 combat aircraft. Continue reading

SIPRI: Global Arms Trade Highest since Cold War

The Stockholm International Peace Research Institute (Sipri) said on Monday that more weapons were delivered between 2012 and 2016 than any other five-year period since 1990. Saudi Arabia, which leads a military intervention in Yementhat has cost hundreds of civilian lives, was the world’s second largest importer after India, increasing its intake by 212%, mainly from the US and the UK.

Asia was the main recipient region in the world as India dwarfed regional rivals, China and Pakistan, by accounting for 13% of the global imports. While India received most of its arms from Russia, the Saudis relied heavily on US arms. US and Russia together supplied more than half of all exports. China, France and Germany were also among the top five exporters. Continue reading

SIPRI’s Arms Trade Treaty database now covers Latin America and the Caribbean

SIPRI is proud to announce that is has expanded and improved its online database for Mapping Arms Trade Treaty (ATT)-relevant cooperation and assistance activities to include activities in Latin America and the Caribbean. The database now contains information on over 350 activities involving partner states from Sub-Saharan Africa and Latin America and the Caribbean since 2012. Continue reading

In 2011, solar power reached a tipping point.

The scientists found that, from 1975 up to 2011, solar panels were actually a source of greenhouse gases globally. The emissions avoided by existing solar panels were insufficient to offset the amount of emissions being produced by the rapid production of new solar panels.

But in 2011, this flipped. Instead of being a net source of emissions, the solar industry started avoiding more emissions than it emitted, providing a net climate benefit. Continue reading