Child Neglect

 As anger met the government’s announcement to reduce UK foreign aid spending on poorer nations to 0.5% of national income, it was revealed that it has already reneged on the Tory manifesto pledge by cutting primary and secondary education funding as part of £2.9bn of cuts made by Dominic Raab in July.  The overseas aid budget for education was slashed by more than a quarter by the government this year.

There has been a 26% reduction in spend on education, according to analysis of data from the International Aid Transparency Initiative. Other areas of health funding that are critical for children – such as basic nutrition, family planning and reproductive healthcare – have also been cut.

Richard Watts, a senior adviser in development finance at Save the Children, said: “Primary and secondary education were the focus of these education cuts. While they have maintained projects specifically related to girls’ education, the cuts to primary and secondary education will have an important impact on girls’ education.”

Kevin Watkins, the CEO of Save the Children, said: “Government promises on international development are a meaningless currency at the moment. You can’t cut the aid budget by a third, and over and above the existing cuts, without pushing many vulnerable children over the edge. On heath, on education, on vaccines. To simultaneously cut the aid budget by a third and tell the world you can lead on education. That is chutzpah. They have cut a quarter from the education spend. Even if you were to protect spend on education, girls can be robbed of education by household poverty, which means they go hungry, or are taken out of school. If girls are hungry they are not going to learn, if their families are poor they will be taken out of school for child labour or child marriage.”

Overseas aid budget for education cut by a quarter this year, data shows | Aid | The Guardian

2020 – A good year for some

 



An Average of $200,000 Each to the Richest 10% of Americans. In November of 2019 the Wilshire Total Market stood at about $32 trillion. After plunging at the start of the pandemic, by November of 2020 it had risen to $38 trillion. That’s a $6 TRILLION overall increase for stockholders. The richest 10% of Americans (about 25 million adults, most of them millionaires  own 84 percent of ALL stocks.



An Average of $1.5 Billion Each to the Richest 650 Individuals. Since the onset of Covid-19 in early 2020, the combined wealth of the 650 American billionaires has increased by nearly $1 trillion. A trillion dollars is enough to provide every U.S. household with a survival stipend of nearly $8,000.



An Average of $25 Billion Each to the Richest 15 Individuals. Bezos, Musk, Gates, Zuckerberg, and the eleven other richest Americans had $922 billion around this time last year. As of Thanksgiving Day this year, their wealth had increased by another $375 billion. That’s $25 billion more, on average, for each multi-billionaire, although Elon Musk alone has added about $80 billion to his fortune.



An Average of $600 Billion Each to the 5 Richest Tech Companies. In March, 2020 the market capitalization for Big Tech (Apple, Microsoft, Amazon, Google, Facebook) was $4.1 trillion. By November it was over $7 trillion. A 75 percent increase in under nine months! No one has profited more from 70 years of taxpayer input than these massive technology companies.