Income inequality is trending to be the distinctive feature of the modern globalized economy. This development suggests that the traditional division of the world into rich and poor countries is misleading; the true division is between rich and poor people regardless of where they live. This shift is incredibly important because it creates more possibilities for effective action than has been true in the past. But recognition of the shift is slow-coming.
Israel’s election is scheduled for 22 January. There are 120 seats open in the Israeli Knesset (Parliament) and there are 34 political parties competing in the election. Right now it appears as if Prime Minister Netanyahu will retain his position, but the number of possibilities for coalitions is huge. We’ll see how the election turns out in a few days.
The Algerian hostage situation remains murky. The estimates for the number of hostages ranges from 150 to 600 and the number dead in the Algerian counterattack is unknown. The situation seems to have mobilize the radical elements in North Africa and there certainly will be additional repercussions.
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