The Mega Rich Are Getting Mega Richer

The Mega Rich are getting mega richer. Their average household made 113 times as much as the typical American household in 2014. In 1980, this number was 47. In 2014, the 115,000 Mega Rich households had as much wealth as the bottom 90 percent. They now hold 22 percent of the nation’s wealth, nearly double their 1995 share.

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1% for the Planet Evolves Its Innovative Approach to Eco Philanthropy

1% for the Planet, a global organization that accelerates smart environmental giving, recently announced that for the first time in the organization’s 15-year history it will offer an Individual Membership. Individuals can now join a global network by choosing to commit 1 percent of their annual salary or net worth to support the environmental issues they care about most.

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The Uninhabitable Earth

Many people perceive climate change as a sort of moral and economic debt, accumulated since the beginning of the Industrial Revolution and now come due after several centuries — a helpful perspective, in a way, since it is the carbon-burning processes that began in 18th-century England that lit the fuse of everything that followed. But more than half of the carbon humanity has exhaled into the atmosphere in its entire history has been emitted in just the past three decades; since the end of World War II, the figure is 85 percent. Which means that, in the length of a single generation, global warming has brought us to the brink of planetary catastrophe, and that the story of the industrial world’s kamikaze mission is also the story of a single lifetime. 

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CSR to Be Compulsory for UAE Companies

Sultan Bin Saeed Al Mansouri, Minister of Economy, said: 'Ever since the country declared 2017 as the Year of Giving, national efforts have started to contribute to the development of an integrated framework that will spread the culture of giving across the country.' 

Therefore, by the end of the year, CSR will be mandatory to execute among 400,000 companies across the country, aiming to dedicate at least Dh500 million in cash or in-kind philanthropic work from companies. 

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