Get subscribed to our newsletter
Get interesting updates to your email inbox.
By Sanjeev Sharma
Since the epidemic began, the number of billionaires in Asia Pacific has increased dramatically. According to Oxfam's new research, it reached 1,087 in November 2021, up about a third from pre-crisis levels.
The severe and rising concentration of wealth at the top throughout this extended health and economic crises is even more obvious. In Asia Pacific, the richest 1% had more money than the poorest 90% in November 2021, and the region's billionaires had boosted their fortune by 74% since the epidemic began.
Also read: India, China face exodus of millionaires
Covid-19 has wreaked havoc on Asia's health and economy, exposing and increasing the region's severe levels of economic disparity. According to Oxfam, although wealthy elites can preserve their health and riches, the poorest people and minorities are at higher danger of sickness, death, and poverty.
Coronavirus has exacerbated the flaws of this inequitable system, fueling a vicious cycle of poverty and economic inequality in Asia.
Coronavirus and growing economic disparity, according to the World Bank, pushed 140 million more people into poverty in Asia in 2020, and 8 million more in 2021. These findings are likely to be underestimates due to new variations and greater inequality levels than expected7.
Asia's billionaires accumulated enough new money to provide a salary of over $10,000.wikipedia
So, although economic stagnation and lockdowns have ruined the lives of many impoverished and 'just managing' families, the region's wealthiest families have recovered and even extended their fortunes.
Between March and December 2020, Asia's billionaires accumulated enough new money to provide a salary of over $10,000 for each of the region's 147 million comparable jobs lost during that period. By November 2021, the number of billionaires in Asia Pacific had climbed by over a third compared to pre-pandemic levels, and their combined wealth had increased by 74%.
Some of the region's wealthiest individuals have directly benefitted from the crisis. For example, between February and June 2020, one of Malaysia's wealthy glove makers quadrupled his fortune. By March 2021, there were 20 new Asian 'pandemic' billionaires, whose profits sprang from the Covid-19 response's equipment, drugs, and services.
Also read: Study: Hypertension Hits Rich, Poor Nations
"Taxes on wealth and excess profits, for example, might generate significant additional income if governments are prepared to impose them. A wealth tax of 2-5 percent on Asia Pacific's multi-millionaires and billionaires might raise an additional $776.5 billion each year, according to our calculations. That would be enough to double the region's public health spending by 60% ", according to Oxfam.
In Asia, the allocation of productive assets such as land has long been lopsided. According to study conducted before to the present crisis, Pakistan's top 20% of farmers owned 69 percent of the country's agricultural land. In Thailand, the richest ten percent controlled more than 60% of the land, while the lowest ten percent owned only 0.07 percent.
While the epidemic continues to obstruct any recovery for Asia's poorest citizens, extreme wealth and corporate profits are on the rise. Not only did the wealthiest people recover fast in the early months, but they have continued to flourish as the coronavirus epidemic has progressed.
(Keywords: Asia, rich, poor, Coronavirus, growing economic disparity, World Bank, Thailand, Pakistan, Asia Pacific's multi-millionaires)
By- Nanci SEO
Now we're into 2022, the anticipation for a new racing season is hotting up even more.
By the time the world focuses its gaze on Ascot in mid-June, records will have been broken, and new winners will have been celebrated in the other meetings such as the Grand National. However, there's nothing quite like the Royal Ascot meeting and the historic Ascot Gold Cup race, which has been running since 1807. The race is the first leg of the triple crown of thoroughbred racing in the UK, making it one of the most important on the racing calendar.
The meeting is held at the course, which is just 28 miles west of London and only a few miles from the residence of the British Royal Family, Windsor Castle. It's also been an event that the monarchy of Britain has often visited and had a personal interest in. Not only has the Queen of England long been a visitor to the racing at Ascot but she's also had the honour of having a winner of her own at the meeting as noted by Town & Country. Will there be another Royal victory this year? Let's look at some of the favourites for the headline race, the Gold Cup.
The six-year-old gelding's pedigree means he's a real threat to all his other riders at Ascot this year. Trueshan has previous experience of winning the course; he won in 2020 at the British Champions Long Distance Cup, with his jockey Hollie Doyle commenting, 'he went through the ground like a tractor, he loved it.' Going into 2021, he was much fancied after looking strong in the lead up to the meeting but was pulled when his trainer Alan King deemed the ground to be too firm. He had a successful season, winning the Goodwood Cup and the Prix Du Cadran in France in October. So he's in fine fettle going into 2022, does that mean it's finally his year to taste Gold Cup success?
The Irish thoroughbred has become a name synonymous with Royal Ascot over the past few years with a record that's the envy of many a trainer, and this year, the target is to equal a record set by one of the greats of racing. Ridden by Frankie Dettori, Stradivarius has won three of the last four Gold Cups and is already second favourite in the Coral Gold Cup markets for a fourth. Four wins at the Gold Cup is a feat that has only been achieved once before by Yeats, a fellow Irish thoroughbred. Although last year wasn't to end with the record-equalling run he was aiming for; he's keen to be back this year as his owner, Bjorn Nielsen, says he can't wait: "He's as enthusiastic as ever, which is quite amazing."
Last year's winner of the Ascot Gold Cup is again in the frame for a win; last year, with veteran jockey Joe Fanning in charge, Subjectivist ran the perfect race, by first maintaining pace with the leading pack going into the final corner before striding majestically to a win, leaving the likes of Stradivarius in his wake, and adding to his win in the Dubai Gold Cup earlier in the year. Fanning wasn't surprised by the success as the four-year-old got on with the job at hand. "I just find he's a horse you don't complicate things with; if there's something in front, let him go," he said.
(Disclaimer: This is a sponsored article and includes some commercial links.)
Good Earth, released its first-ever limited-edition art prints in 2020, depicting flora and wildlife recovering their due place in nature.
Van Vaibhav is Good Earth's guiding concept. The brand has a profound passion for nature in all of its forms, and preserving the beauty of the forest is at the centre of everything. In keeping with this ethos, there is no better way to commemorate our 26th anniversary than by giving back to the environment.
The Dreamscape art print series celebrates the brand's birthday. Endangered and fragile creatures of wild paradise come alive with attention to their condition in India.
The artwork, titled 'Living on the Edge,' underlines the importance of getting a closer look at these wonderful creatures. While everything appears to be lovely and unconstrained, these endangered species are truly living on the verge of extinction.
The Dreamscape will be printed in 500 limited edition Poster prints, which will be available for purchase the brand's web store. All sales revenues - matched with an equal amount by Good Earth - will go towards the Wildlife Trust of India's aim to conserve and protect vulnerable and endangered species, as part of our ongoing relationship.
Google Earth's Founder Anita Lal spoke about the initiative, "Animals are so vulnerable, and their habitats are ever receding due to the pressure on land." |WikipediaWikipedia
Speaking about the initiative, Good Earth's Founder and Creative Director, Anita Lal, says, "Birthdays are milestones when we count our blessings and look ahead with hope for a better future for all. Animals are so vulnerable, and their habitats are ever receding due to the pressure on land and the many hazards that humankind creates on this planet. The Wildlife Trust of India, among many others, is working tirelessly to stem the decline in the numbers of our vulnerable animals. We want to contribute to this valiant effort in any way we can. Our hope is that the posters help create awareness and sensitise us and the younger generation to think more about ways to live sustainably.
Collaboration with English artist Rebecca Campbell
Rebecca Campbell's special illustrations are featured in the birthday dreamscape, a fitting collaboration given her enthusiasm for nature. The British artist created gorgeous drawings/illustrations of fragile, endangered, and critically endangered species for this exclusive print, which then travelled to our in-house design team's digital paradise.
The Indian one-horned rhinoceros, Asian elephant, Common Leopard, Markhor, Hangul, Himalayan Brown Bear, Whale Shark, Gharial, Indian Cheetah, Indian Pangolin, Asiatic Black Bear, Asian Wild Water Buffalo, Sarus Crane, and Anaimalai Flying Frog are among the species shown in the artwork.
(Keywords: Rebecca Campbell, Good Earth's Founder and Creative Director, Anita Lal, Good Earth)
To meet our dietary needs, nutritionists throughout the country have begun looking at substances accessible in India. They're looking at ancient wisdom and seasonal local possibilities, which is unsurprising. These solutions are not only environmentally friendly, but they also help the local economy!
"Each season offers an array of gorgeous fresh vegetables, each rich in nutrients, antioxidants, and phytonutrients in their own way," explains Dr. Rajyalakshmi Devi of Lovlife Hospital. Furthermore, the climate provided by each season makes seasonal produce easily edible and absorbable by our bodies."
Seasonal food offers high nutritional value. | Photo by Alexander Schimmeck on Unsplash
It's crucial to note, however, that these indigenous fruits and vegetables are sprayed with pesticides to prevent insects and pests from spoiling them. "Always choose seasonal fruits and vegetables as they are filled with the nutrients needed to aid you during that time," says Chef Kunal Kapur, who promotes eating seasonal cuisine. However, keep in mind that these pass through numerous hands, potentially transferring germs. So wash your food with a natural action fruit and vegetable wash like Nimwash, which removes chemicals and pathogens while ensuring that it is safe to eat."
Further, he also shares his expertise on the various benefits of consuming seasonal food:
- Seasonal food offers high nutritional value - Fruits and vegetables that naturally ripen taste better, are fresh and offer the highest amount of nutrients as compared to those that are preserved.
- Seasonal food is cheaper - Crops produced seasonally are cost effective since farmers invest and harvest them in bulk. Sourcing of local stock also reduces the cost of logistics drastically.
When fruits and vegetables are harvested at the right time, it will be more flavourful. | Photo by Ratul Ghosh on Unsplash
- Seasonal food is ecological - Eating seasonal food decreases the demand of out-of-season produce, increases the consumption of local farming and more importantly lessens the time for refrigeration, decreases the cost involved in transportation and irrigation of the crops.
- Seasonal food tastes better - Since the food produced in a particular season is fresh, it tastes better, sweeter and is perfectly ripened. When fruits and vegetables are harvested at the right time, it will be more flavourful. (IANS/ MBI)
(Keywords: taste, crops, fresh, nutrients, local, fruits, season, vegetables, seasonal)