Wednesday, November 14, 2012

Good news headline of the year.

November 14, 2012 2:42am
WASHINGTON - Rapid economic growth and more inclusive social policies in Latin America in the last decade have lifted 50 million people into the middle class, which for the first time rivals the poor in number, the World Bank said in a study on Tuesday.

"Most countries in the region are on their way to becoming middle-class societies; this represents a historic change," World Bank President Jim Yong Kim told reporters...

Roughly thirty percent of the population now falls into that category, equal to the third of people still in poverty -- a remarkable shift in a continent that has been known for its vast income inequalities, dominated by the poor and a narrow slice of the rich.

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