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Paolo Acciari, Facundo Alvaredo, Salvatore Morelli 24 April 2021 Growing wealth disparities can have corrosive effects on equality of opportunity when they crystallise over time and turn into persistent disparities across generations. This column uses newly assembled data from Italian inheritance tax records to show that the wealth share of the top 1% (half a million individuals) increased from 16% in 1995 to 22% in 2016, and the share accruing to the top 0.01% (the richest 5,000 adults) almost tripled from 1.8% to 5%.  In contrast, the poorest 50% saw an 80% drop in their average ...

Dubai Metro charts new route on January 1 1 of 4 DUBAI METRO CHARTS NEW ROUTE The New Year brings additional cheer to thousands of commuters in the newly-developed areas of Dubai. Dubai Metro, which over the last decade has become the backbone of the public transport system in the emirate, has commissioned the first four stations of its extended route towards the Dubai Expo 2020 site. These stations — Jebel Ali (interchange station), The Gardens, Discovery Gardens and Al Furjan — are already home to thousands of residents, apart from offices. This vital addition to publi...