Stephen Green would be the first to tell you that he has led a
privileged life. Indeed, he acknowledges his privilege throughout his
book. As chair of HSBC, the global banking powerhouse, he has traveled
the world and has engaged deeply in the global economy. He has sipped
champagne and exchanged ideas at retreats with the world's most powerful
The poverty rate in the U.S. reached 14.3 percent in 2009—the highest level in 15 years. Another 4 million people dropped below the poverty line that year, bringing the total number of people in poverty to 43.6 million—the highest number since the late 1950s. The greatest increase in poverty is among children, with one in five affected.
This past May, India’s population crossed the one billion mark, according to the country’s registrar general and census commissioner. The billionth citizen of this ancient land entered a country with 40 political parties and 24 official languages, each spoken by more than a million people.
Manny, the treasurer of our church, is often the bearer of grim tidings. When he brings me bad news it makes me think I should become a more aggressive fund raiser. But if I spend more time raising money, how can I be a pastor? And if I don’t, how will we remain a church? How much longer can we go on like the widow of Zarephath?
A rising economic tide lifts everybody’s financial boat. Well, almost everybody’s. Thanks to the country’s unprecedented economic expansion, the great majority of Americans are better off financially than they were several years ago. Not only are the rich getting richer, but the middle classes too have seen a surge in income and wealth. The economic boom has even helped low-income families.
The global financial crisis makes it even more urgent that the United States not only take care of its own economy but also redouble efforts to aid the world’s poorest, according to a new report and several development experts.