Word: riches
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...This increasingly distinct divide between rich and poor is so vivid in the national consciousness that it has been given a name: kakusa shakai (a society of disparity). It isn't hard to find statistical evidence of the phenomenon. In a land once noted for its armies of workaholic salarymen, part-time employees now account for 30% of the labor force. In February, the government announced that the number of people on welfare rose 60% over the last 10 years, reaching 1 million citizens for the first time since the program started in 1950. And according to recent findings...
...while the poor get poorer, the rich are getting richer. Last month, the national tax agency released its annual list of the country's top 100 taxpayers. Tatsuro Kiyohara, a 46-year-old fund manager at Tower Investment Management, ranked No. 1, with a tax bill that suggested a personal income of approximately $100 million. This marked the first time a wage earner had captured the top spot, an occasion that many writers and talk-show hosts alternately hailed and lamented as a signature moment in the new, more Darwinian society?for Kiyohara's pay is almost entirely performance-based...
...Asian hegemony, and there's plenty of cause for national concern. Roppongi Hills may be ready for the future, but Ijiri and the kids hanging out in the Job Cafe Osaka are not. Sociology professor Yamada says the real problem crippling Japan is not the wealth gap between rich and poor but the "hope disparity"?a widening gulf between those who see a brighter future ahead and those who do not. In Osaka, Ijiri can relate. His father's generation, he says, believed that tomorrow will be better than today. Ijiri's judgment: "I don't know...
...Part of the problem is that there is little effective legislation protecting ancient monuments, and while archaeological sites are granted nominal guardianship by the ASI, there is no system of architectural listing, and India's rich heritage of late Mughal and colonial domestic architecture is mostly unprotected by law. In the competition between development and heritage, the latter inevitably gives...
...announcing a sweeter bid, hoping to end matters then and there. But Unocal's own investment bankers, Morgan Stanley, appraise Unocal's stock at between $55 and $68.25 per share?not that far from the $67 that CNOOC has already offered. Wall Street already views CNOOC's bid as rich. Increasing it will prompt shareholders to wonder whether it is overpaying...