TNT Chatter 12/21/18

by **Ssmith** Sat Dec 22, 2018 9:56 am

TNT

Paperboy:
TODAY WAS THE SHORTEST DAY OF THE YEAR

Smitty76:
winter solstice today, full moon today and a meteor storm….. The Muslims believe all of those events have some strong astrological, Religious meaning tied to the RV? Maybe

Luvwulfs:
So do many other cultures, let's hope :pray;

LounDebNC:
How much money you need to be part of the 1 percent worldwide

Just how much money do you need to be among the global 1 percent?

According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

More than 19 million Americans are in the 1 percent worldwide, Credit Suisse reports, far more than from any other country, while "China is now clearly established in second place in the world wealth hierarchy," with 4.2 million citizens among the world's top 1 percent.

To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.

And even if you have just $4,210 to your name, you're still richer than half of the world's residents.

These numbers reflect the extreme level of persistent wealth inequality. As Credit Suisse reports: "While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent)."

The good news is, "there are signs that wealth inequality is no longer rising," Credit Suisse says.

The share of financial assets among many of the richest people and richest countries "peaked in 2015 and has been declining since then. In previous reports, we predicted that wealth inequality would follow suit — possibly with a slight lag — and there is evidence that this is now the case. The share of the top decile and the top 5 percent remains at the same level as in 2016, while the share of the top 1 percent has edged down from 47.5 percent to 47.2 percent according to our best estimate."

It's too early to conclude that wealth inequality is on a downward trend, Credit Suisse reports, but "the prevailing evidence suggests it may well have leveled out, albeit at a very high level."

https://www.cnbc.com/2018/11/01/how-much-money-you-need-to-be-part-of-the-1-percent-worldwide.html

IdahoUSA:
ALWAYS BELIEVE SOMETHING WONDERFUL IS GOING TO HAPPEN …EVEN WITH ALL THE UPS AND DOWNS …NEVER TAKE A DAY FOR GRANTED. …SMILE …CHERISH THE LITTLE THINGS AND REMEMBER TO HUG THE ONES YOU LOVE.

RVAlready:
The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.

Mangelo:
The banks are ready, centers are ready, people have been exchanging, we are in the process of getting our notice...... oh wait, someone jammed the button again....just waiting for the repair man again.....

Grisbear:A friend has asked for a definition of HCL and it's so late here on the east coast my brain is asleep/. Can someone help and tell me what the letters stand for again. Thanks bunches!

Luvwulfs:
Hydro Carbon Law

Harambe:Reuters: U.S. plans for more than 5,000 troops to be withdrawn from Afghanistan
https://reut.rs/2rPvBJ8