In Russia, 110 people own 35% of the country’s wealth, the report says. (Credit Suisse) Also By Ricardo Lopez October 9, 2013, 8:12 a.m. Global wealth levels have set records, but in Russia, the explosion in wealth has given way to the highest income inequality level, a new report showed. In Russia, just 110 people own 35% of the country’s wealth, according to a report released Wednesday by Credit Suisse. The country (population 139 million) has the highest wealth inequality in the world, save for a few Caribbean islands, the report said. To put that into context: Worldwide, there is 1 billionaire for every $170 billion in household wealth. In Russia, there is 1 billionaire for every $11 billion, the report said. Credit Suisse’s annual Global Wealth Report also found that since 2000, household wealth around the world has more than doubled, reaching a high of $241 trillion. Strong economic growth and rising population levels in the last 13 years are major reasons for the trend.Average wealth per adult is now at $51,600. The richest countries include Switzerland, Australia, Luxembourg and the United States. In the U.S., wealth levels have fully recovered, the report said. Americans account for 42% of the world’s billionaires. ALSO:
Russian Foreign Minister Sergei Lavrov said Monday after meeting with U.S. Secretary of State John Kerry (on the sidelines of an economic summit in Indonesia) that Iran likely wants “more clarity” about the way forward. “Iran probably wants more clarity,” Lavrov said. “More specific steps to be spelled out on the road to the result which we all want to achieve. And I think this will be discussed next week in Geneva, a meeting to which Iran agreed. And to which Iran and three plus three are getting ready in a very constructive mood, as our contacts in New York show.” Kerry said the United States is encouraged by Iran’s recent outreach efforts, but that actions, and not words, are what will make a difference. “So what we need are a set of proposals from Iran that fully disclose how they will show the world that their program is peaceful,” Kerry said. “And we have made it clear that if there are those indicators, the United States and our allies are absolutely prepared to move in appropriate ways to meet their actions. Kerry said Iran has not responded to an offer the P5+1 group made earlier this year, which called for Iran to stop enriching uranium to 20 percent and halt enrichment at one of its nuclear facilities. Iranian Foreign Minister Javad Zarif said Sunday that offer was no longer valid, and that the P5+1 should come to next week’s negotiations with a “new point of view.” Iran says its nuclear program is strictly for peaceful purposes and wants the international community to lift a range of sanctions imposed for its refusal to halt enrichment activity. The possible threat of a ballistic missile strike from countries like Iran has led the United States to plan a missile shield in Europe. Russia disagrees with the move, saying the system could neutralize its own strategic missile force and leave it vulnerable to the West. Kerry said Monday it is too early to make determinations about the system as long as the Iranian threat continues. But he said the U.S. and Russia are continuing to talk about the plan and are trying to work out a way that meets the needs of both countries.
US, Russia Want Clarity on Iran Nuclear Issue
The smell of rotten flesh permeates the room,” Dr. Abhin Singla, director of Addition Services at Presence Saint Joseph Medical Center in Joliet, Ill., told The Times Weekly . “Intensive treatment and skin grafts are required, but they often are not enough to save limbs or lives. Krokodil’s psychoactive agent, desomorphine, was first synthesized in the U.S. in 1932 as a less nauseous and less addictive substitute for morphine. But desomorphine is actually eight to 10 times as potent as morphine and may be more addictive because its effects are more rapid. Max Ehrenfreund of The Washington Post notes that about 10 years ago, Russians discovered how to synthesize desomorphine at home using codeine, paint thinner, lighter fluid, hydorcloric acid, and red phosphorous (which can be gleaned from the sides of matchboxes). The resulting drug, which is usually taken intravenously, is devastating to the body. (The pictures are horrifying.) When you use the krokodil . . . really what youre doing is injecting red phosphorus and solvents into your body, Matt Zuckerman, a toxicologist at the University of Massachusetts Medical School, told the Post. In 2011 Vice produced a documentary called ” Krokodil Tears ,” which show heroin addicts turning to krokodil by using ingredients available at ordinary pharmacies.