Word: lites
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...just a handful of executives quoted in the press after last month's keynote address by new Bank of Italy governor Mario Draghi. Three weeks ago he participated for the second time at the annual Bilderberg meeting, an invitation-only gathering of the international business and political élite. Elkann also got high marks for his firm - and unusually public - response to the recent match-fixing scandal consuming Italy's top football club, Juventus, which the Agnelli family has owned since 1923. At the team's first match after evidence emerged that Juventus' former general manager Luciano Moggi had allegedly...
Twenty or so boys dressed in white tie and tails are being taught by Liam Maxwell on a recent Friday at Eton College, the exclusive boys' school 35 km west of London. For centuries Eton - founded in 1440 - has been synonymous with privilege, the place where Britain's élite is given its polish and an air of entitlement. But this class doesn't feel like a hothouse for languid aristocrats. The boys are not declaiming Latin[an error occurred while processing this directive] but staring into computer screens, trying to master the database program Microsoft Access. Though a student...
...adult than a working-class child is to make it into the middle class, "and private schools are undoubtedly part of that story," says Geoff Mulgan, head of the Young Foundation and previously head of Blair's Policy Unit. "They've become an even more powerful part of élite formation and reproduction." Reports released by the Sutton Trust show that the privately educated retain a powerful, indeed growing, hold on many influential jobs. Even though they educate only 7% of secondary-school children, private schools are responsible for 68% of barristers, 42% of top politicians and 54% of leading...
...month to live in a tin hut. For some of them, the principal opportunity the city offers is a life of crime--running bootlegging operations or gambling dens--or renting out the hovels in which millions of Bombay's inhabitants live. Just as for Bombay's gilded élite, the city is the place to be. "I came from nothing," says a Bombay gangster who grew up in Bihar, India's poorest state and owns 30,000 huts in four slums. "Now I have money, phones, cars, houses, a wife and two girlfriends. If you were me, you'd love...
...delta have been armed by politicians, the same people responsible for the continued degradation and consequent state of abject poverty pervading the area. The deprivation in the region is a reflection of Nigeria's ailing socioeconomic realities as well as the greed and ineptitude of its political élite. Politicians in Nigeria wield too much power, often to the detriment of the people and the state. Why is it that the governors of the Niger Delta states, with increased revenue allocation from the central government, have done little for their people? The militia guns may someday be turned against...