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Paige Fusco

The Graphic Truth: America's racial wealth gap

Juneteenth celebrates June 19, 1865, the day Confederate slaves were emancipated a month after the US Civil War ended. But many of the effects of slavery — and of the subsequent Jim Crow laws — are still being felt today. Generations later, a glaring racial wealth gap remains between white and Black average household income and access to credit. What's more, laws such as the Fair Housing Act that eliminated redlining, have failed to significantly narrow the divide between white and Black homeownership and average home value. We take a look at a few of these indicators from today and over recent decades.

Ian Explains: America Down, China Up | GZERO World

Is the US in decline while China’s power grows?

Who said last year that the biggest source of chaos in the present-day world is the US?

Not the leader of Russia. Not of North Korea. Not even of Iran.

It was Xi Jinping, who believes America poses a major risk for China.

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Want to Fix US Political Division? Narrow the Wealth Gap, Says Investor Ray Dalio | GZERO World

Want to fix US political division? Narrow the wealth gap, says investor Ray Dalio

What happened on January 6, 2021, did not at all surprise billionaire investor Ray Dalio.

History, he says, shows that both right-wing and left-wing populism begins to gain power when there's a large wealth gap.

So, what comes next?

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Podcast: No Empire lasts forever: How China’s rise could trigger a new world order

Listen: What keeps Ray Dalio, one of America’s most successful investors, up at night? Three things: spiraling debt, a weakening dollar and a rising China. China is closing the gap on US economic dominance as its geopolitical influence grows, Dalio tells Ian Bremmer on the GZERO World podcast.

The US economy is negatively impacted not only by its debt but also by the widening wealth gap among Americans, and these all play into Beijing's plans to surpass the US as a global superpower, says Dalio, author of Principles for Dealing With the Changing World Order” and founder of the world’s largest hedge fund. Does this mean investors should bet on China over the US?

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

Ian Explains: Making Sense of Our New Global Economy | GZERO World

Making sense of our new global economy

If billionaires shooting off into space because their net worth has jumped 60 percent sounds cringeworthy to you, you're not alone. Indeed, the pandemic hasn't been kind to the 120 million people into extreme poverty. Nor to the global economy as a whole, which stands to lose $2.3 trillion by 2025 due to vaccine inequality.

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Should the US Cancel Student Loan Debt? | GZERO World

Should the US cancel student loan debt?

Joe Biden has already cancelled more US student than any other president. But progressive Democrats want him to write off a lot more to reduce the racial wealth gap and help people recover better from COVID's economic ruin. Republicans are against all this because it would be unfair to current and future borrowers and to taxpayers footing the bill, not to mention subsidizing the rich.

Watch this episode of GZERO World with Ian Bremmer: How the COVID-damaged economy surprised Adam Tooze

Ian Bremmer Explains: What Does “Build Back Better” Even Mean (and Can We Do It)? | GZERO World

What does “build back better” even mean (and can we do it)?

What does President Biden's "build back better" slogan really mean? Well, it implies the world before the pandemic already needed some fixing. In fact, it's kind of like "Make America Great Again." And there's a reason why those phrases hit home. A lot of people DO think the system is broken. But beyond catchy slogans, how do we actually fix it?

Watch the episode: Is modern society broken?

Why (and Where) Universal Basic Income Is Becoming More Popular | GZERO World

Why (and where) Universal Basic Income is becoming more popular

Long before Andrew Yang launched his scrappy 2020 presidential campaign, Universal Basic Income (UBI), the idea that the government provides every adult citizen with a set amount of cash on a regular basis (no strings attached), has been growing in popularity. And it's not just "talk" at this point. A few countries like Kenya, Finland and even Iran have launched nationwide unconditional cash transfer programs, and many others have launched smaller-scale programs. 54% of Americans oppose a UBI program, according to a 2020 PEW study. Unsurprisingly, most Democrats support it and most Republicans oppose it…many saying a UBI would discourage people from looking for jobs. But worldwide, the coronavirus pandemic has only supercharged the UBI movement, as it further widened the chasm of global economic inequality.

Watch the episode of GZERO World with Ian Bremmer: Is modern society broken?

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