Not have their income inequality data, although they are definitely an important part of. But there is as tom hickey says a button to download the pdf file, right at the top line of the document. Some key principles and relevant issues for a future data collection by hotc for the purpose of conducting an impact evaluation of its newcomer programme are set out below. Michael moore highlights a confidential report that citigroup initially circulated only to its wealthiest customers. Nonetheless, levels of awareness and cohesion among the bottom 99 per cent appear insufficient to create a threat to the plutonomy, justifying the confidence of the citicorp report. Citigroup research is a division of citigroup global markets inc. Some key principles and relevant issues for a future data collection by hotc for the purpose of conducting an impact evaluation of.
Michael moores leaked citibank plutonomy memo unsettling. The plutonomy symposium rising tides lifting yachts plutonomy update. Extensive land use and geographic data at the tax lot level in commaseparated values csv file format. The mises daily articles are short and relevant and written from the perspective of an unfettered free market and austrian economics. It is a publication of the national congress for community economic development ncced the trade association for the industry. List of changes to the table of fees and charges and to the. Nonus research analysts who have prepared this report, and who may be associated. This work is a systematic pilot study conducted in lagos between 20011 and 20 to establish reliable data on the character, size and contribution of the creativecultural industries music, film.
Written for a broad audience of laymen and students, the mises daily features a wide variety of topics including everything from the history of the state, to international trade, to drug prohibition, and business cycles. Oct 16, 2010 the citigroup plutonomy memos saturday, october 16, 2010 at 04. Citigroups shocking plutonomy reports ht michael moore. Evaluating the environment for public private partnerships. By the way, if anyone has difficulty with adobe pdf, i have been using an open source pdf reader called sumatra. Citidirect be schedule files and reports quick reference guide. They would also be aware that such an attempt would likely garner even more unwanted publicity.
Find our investor presentations, annual reports, financial information and news. The state of current practice and next steps for a growing movement in the recent past, a remarkable amount of new attention and activity have been generated about the importance of community design and development as influential factors in public health. Evaluating the environment for publicprivate partnerships in eastern europe and the cis the 2012 infrascope preface this document presents the first eastern europe and cis regional edition of a learning tool and benchmarking index that assesses country capacity to carry out sustainable publicprivate infrastructure partnerships ppps. Based on the consumer finance survey, the top 10% of the families accounted for 43% of income, while the bottom 40% of families accounted for only 10% of income survey 1995 1998 2001 2004 percentile of income mean income in thousands of 2004 dollars top 10% 215. But the fact that plutonomy as a realworld political phenomenon is conceptually driven, rather than merely an historical accident, emerged to public view in 2005 when the first of three citigroup documents prepared for its wealthiest clients were leaked. The first, and probably most potent, is through a labor backlash. Kapur estimates that in 2005, the richest 20 may have been. The document reproduced below was written by the three authors credited above and distributed on october 16, 2005. In three reports for superrich citigroup clients published in 2005 and 2006, a team of.
Pbe therefore agreed instead to provide information on good practice for data collection that could be beneficial for future costbenefit analyses. Nov, 2011 as this is a journalistic report, they would probably not be successful. There are rich consumers, few innumber, but disproportionate in the gigantic slice of income and consumption they take. The impact of the built environment on community health. Concept note for an ieg category 1 learning product on the. Oct 16, 2005 citigroup oct 16 2005 plutonomy report part 1 pdf citigroup research is a division of citigroup global markets inc. But now citibank is trying to suppress revisiting plutonomy.
This time last year plutonomy was a zeitgeist issue. We think this income and wealth inequality plutonomy helps explain many of. The key challenge for corporates in this space is to maintain the mystique of prestige while trying to grow revenue and hit the massaffluent market. Plutonomy is a term that citigroup analysts have used for economies where economic growth in three reports for superrich citigroup clients published in and, a team of citigroup analysts elaborated on their thesis that the share. Economic progress and the primacy of the individual mises.
Integrating social registry with id systems overview socialregistriescannot replaceprovidersof legalidentity,suchas nationalidsystems. Jun 24, 2011 plutonomy stocks at a premium, but relative pricing power is key. C april 22, 2009 citi expands legal recruiting program, citiselect. This needs to stop, as every american and every citizen in the western world needs to know what people like the analysts of citigroup. Plutonomy is the science of production and distribution of wealth.
More recently, weve seen an increasing level of bullishness in sentiment surveys and analysts expectations. To authorise the directors to fix the remuneration of the auditors. Citigroup tracks an economic surprise index that shows how recent economic reports have been trending versus expectations. Reaching new heights measures the quantitative achievements of communitybased development organizations. Its almost a year since we made up the word plutonomy. The above extracted from the report full year results first thoughts, 2 march 2006. You can find links to download both plutonomy reports here. To receive the report of the directors, the balance sheet as at 31st december 2015, together with the profit and loss account for the year ended on that date and the report of the auditors thereon. In my surprisingly arduous attempt to find 2007 revenue figures for citigroup yesterday, i ran across something called the plutonomy report. Our thesis is that the rich are the dominant drivers of demand in many economies around the world the us, uk, canada andaustralia. Annual report full web version annual report pdf proxy statement.
Much of the recent increase in inequality in englishspeaking western societies has been due to very strong growth in incomes at the top. Dec 01, 2011 in my surprisingly arduous attempt to find 2007 revenue figures for citigroup yesterday, i ran across something called the plutonomy report. As this is a journalistic report, they would probably not be successful. This book, the pluto files, is an entertaining and informative introduction to the planet pluto and its fate as a planet. Mappluto merges pluto tax lot data with tax lot features from. A plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. Buying luxury, explaining global imbalances, october 14 2005.
Capitalism, plutonomy and the pursuit of wealth the express. Tysons cosmos series and i really hope to see a lot more of it. Finding pureplays on the plutonomy theme, however, is tricky. The history of plutonomys conceptual development remains clouded in secrecy. However, citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions.
Two bombshell documents that citigroups lawyers try to suppress, describing in detail the rule of the first 1% politicalgates truth11 on december 29, 2011 that there also exists an additional third, shorter citigroup memo, dated september 29, 2006, which is being mentioned here. Neil degrasse tyson is not only a famous astrophysicist but a great populariser of science, and he is carrying on carl sagans work impressively. Citi and arc design is a registered service mark of citigroup inc. Back in 2005, ajay kapurthen cfa of citigroupproduced this industry note describing investor and consumer behavior in economies where a very small portion of the population controls a very large portion of national wealth. A followup report was distributed on march 5, 2006. A surge and expansion of violent conflict 15 has more than double d since 2010, as shown in figure 1. What links here related changes upload file special pages permanent link page. A year later, in the eye of the global economic storm, plutonomy seemed under threat as asset values plummeted. A marketcapitalizationweighted index maintained by standard and poors providing a broad measure of. Oct 16, 2005 in a plutonomy there is no such animal as the u.
The pluto files contain more than seventy fields derived from data maintained by city agencies. The other citigroup plutonomy memo mentioned in michael moores movie is. The impact of financial liberalisation in developing countries v nhfc national housing finance corporation ngos nongovernmental organisations nbc national bank of commerce nmb national microfinance bank nbfis nonbank financial institutions nscb national savings and credit bank. In 2016, 60 violent conflicts were reported between nonstate armed groups, and 73 were reported in 2015, compared with only 28 in 2010 sundberg, eck. Email subscription to citibajk blog join 16, other followers. Report and event name which is the name of the template or report.
If the links dont work let me know, and i will both send you the docs by email and post the entire text of the files on my blog. Plutonomy stocks at a premium, but relative pricing power is key. Chapter 1 a surge and expansion of violent conflict. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Nov 15, 20 a plutonomy is an economy powered by the wealthy and characterised by growing disparities between the top 1 % of society and the rest. On theotherhand,their rolesare complementary,and thereforetheyshould, ideally,becloselylinked. Leaked citibank memo plutonomy pdf plutonomy is a term that citigroup analysts have used for economies where economic growth is powered by and largely consumed by the wealthy few.
We invested in this because we believe the benefits of safe data sharing like those weve seen already. Those reports, since leaked, plainly discuss the power of the plutonomy in america, and how it would only strengthen, as long as the the rest us the nonplutonics could be kept in the dark about the plutonomy existence, its role, and its overarching control in the american. Citigroup plutonomy memos pdf the world is dividing into two blocs the plutonomy and the rest. The political economy community of practice currently consisting of around 400 staff members serves as a platform for knowledge sharing and is the repository of the database on more than 300 specific pea conducted in the bank in 20052015. This report is the third part in a series of aig research on innovative technology and risk in the past 18 months. Comments on issue 74 meom repaired post and read comments on issue citigroup reports available for download here. Drawing on citigroup reports and charting the interplay between. Back in october, we coined the term plutonomy the global investigator, plutonomy. Citigroups second plutonomy report, titled revisiting plutonomy. Plutonomy the citigroup plan for the megarich at cost to. For the previous pluto files, see the bytes of the big apple archive page. The citigroup plutonomy memos saturday, october 16, 2010 at 04. Citigroup plutonomy memos pdf united pdf comunication. Citigroups shocking plutonomy reports democratic underground.