Kite Team Scores dead as Djokovic out in coloring Italy avalanche second round, Kuwait skies4 buries12 hotel loses44 to Istomin Min 10º Max 20º FREE www.kuwaittimes.net NO: 17116- Friday, January 20, 2017 30 firefighters killed as Iran high-rise collapses SEE PAGES 10 &11 TEHRAN: Firefighters battle a blaze that engulfed Iran's oldest high-rise, the 15-storey Plasco building in downtown Tehran yesterday. — AFP Local FRIDAY, JANUARY 20, 2017 Local Spotlight Eight men own half the world By Muna Al-Fuzai
[email protected] new report published by Oxfam International marking the annual gathering of political and Abusiness leaders in Davos said eight men own the same amount of wealth as half the world! Winnie Byanyima, Executive Director of Oxfam International, RAIN IN KUWAIT said: “It is obscene for so much wealth to be held in the hands of so few, when one in 10 people survive on Light rain and grey skies clouded over Kuwait yesterday, cooling temperatures to mid 60s ahead of the start of less than $2 a day. Inequality is trapping hundreds of the weekend. —Photos by Yasser Al-Zayyat millions in poverty; it is fracturing our societies and undermining democracy.” Oxfam’s report, ‘Economy for the 99 percent’, said eight men own the same amount of wealth as 3.6 bil- lion people, who make up the poorest half of humani- ty. Such a conclusion by the report speaks for itself on how the gap between the rich and the poor is becom- ing wider every day. I believe this is a matter of concern, because it doesn’t have negative consequences on rich people, but on local communities, especially those with limit- ed resources, and on humanity as a whole.