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Paul Donovan (economist)
Paul Donovan is a British economist and author. He is Global Chief Economist for the Swiss financial services firm UBS Wealth Management. Education Donovan studied Philosophy, Politics and Economics at St Anne's College, Oxford, graduating in 1993. He also holds an MSc in Financial Economics from the University of London. Donovan is an Honorary Fellow of St Anne's College, and a member of the Vice Chancellor's Circle of Oxford University. Career In 1992 Donovan joined UBS Phillips and Drew, as the investment banking arm of UBS was then known, as an intern in the Fixed Income economics department. In 1995 he moved to be global economist. His appointment as Global Chief Economist of UBS Wealth Management was announced in June 2016. He has been a managing director of UBS since 2004 and sits as a member of the Wealth Management Global Investment Committee. He is a member of UBS Pride, the UBS Art Board, and the UBS Sustainable and Impact Investment Institute, and participates i ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ...
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Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nat ...
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London Borough Of Newham
The London Borough of Newham is a London boroughs, London borough created in 1965 by the London Government Act 1963. It covers an area previously administered by the Essex county boroughs of County Borough of West Ham, West Ham and County Borough of East Ham, East Ham, authorities that were both abolished by the same act. The name Newham reflects its creation and combines the compass points of the old borough names. Situated in the East London part of Inner London, Newham has a population of 387,576, which is the third highest of the London boroughs and also makes it the List of English districts by population, 17th most populous district in England. The local authority is Newham London Borough Council. It is east of the City of London, north of the River Thames (the Woolwich Ferry and Woolwich foot tunnel providing the only crossings to the south), bounded by the River Lea to its west and the North Circular Road, London, North Circular Road to its east. Newham was one of the ...
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London Borough Of Hackney
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as ''Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished from the Lo ...
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East London Business Alliance
East London Business Alliance (ELBA) is a British business-community outreach charity promoting corporate social responsibility (CSR) and employee volunteering. A 'partnership of substantial businesses engaged in the social and economic regeneration of East London', it operates in the Boroughs of Tower Hamlets, Hackney, Newham, Waltham Forest, and, under the name the BIG Alliance, in Islington. ELBA works with over 100 London companies committed to improving their impact on society. Education, local employment, and using business skills in the community are ELBA's three main focus areas. History In the 1990s, ELBA was known as the East London Partnership. A smaller group of around 37 companies, its work was focused on business leaders' involvement in local partnerships in Newham, Tower Hamlets and Hackney. From 1995, in partnership with The Environment Trust and London Borough of Tower Hamlets, ELBA was involved in the creation of Mile End Park. In 2012, Islington Giving ...
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2012 Summer Olympics
The 2012 Summer Olympics (officially the Games of the XXX Olympiad and also known as London 2012) was an international multi-sport event held from 27 July to 12 August 2012 in London, England, United Kingdom. The first event, the group stage in women's football, began on 25 July at the Millennium Stadium in Cardiff, followed by the opening ceremony on 27 July. 10,768 athletes from 204 National Olympic Committees (NOCs) participated in the 2012 Olympics. Following a bid headed by former Olympic champion Sebastian Coe and the then-London mayor Ken Livingstone, London was selected as the host city at the 117th IOC Session in Singapore on 6 July 2005, defeating bids from Moscow, New York City, Madrid, and Paris. London became the first city to host the modern Olympics three times, having previously hosted the Summer Games in 1908 and 1948. Construction for the Games involved considerable redevelopment, with an emphasis on sustainability. The mai ...
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CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercial An infomercial is a form of television commercial that resembles regular TV programming yet is intended to promote or sell a product, service or idea. It generally includes a toll-free telephone number or website. Most often used as a form of dire ...s, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, G ...
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Same-sex Marriage
Same-sex marriage, also known as gay marriage, is the marriage of two people of the same sex or gender. marriage between same-sex couples is legally performed and recognized in 33 countries, with the most recent being Mexico, constituting some 1.35 billion people (17% of the world's population). In Andorra, a law allowing same-sex marriage will come into force on 17 February 2023. Adoption rights are not necessarily covered, though most states with same-sex marriage allow those couples to jointly adopt as other married couples can. In contrast, 34 countries (as of 2021) have definitions of marriage in their constitutions that prevent marriage between couples of the same sex, most enacted in recent decades as a preventative measure. Some other countries have constitutionally mandated Islamic law, which is generally interpreted as prohibiting marriage between same-sex couples. In six of the former and most of the latter, homosexuality itself is criminalized. There are rec ...
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Productivity
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. The most common example is the (aggregate) labour productivity measure, one example of which is GDP per worker. There are many different definitions of productivity (including those that are not defined as ratios of output to input) and the choice among them depends on the purpose of the productivity measurement and/or data availability. The key source of difference between various productivity measures is also usually related (directly or indirectly) to how the outputs and the inputs are aggregated to obtain such a ratio-type measure of productivity. Productivity is a crucial factor in the production performance of firms and nations. Increasing national product ...
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Prejudice
Prejudice can be an affect (psychology), affective feeling towards a person based on their perceived group membership. The word is often used to refer to a preconceived (usually unfavourable) evaluation or classification (other), classification of another person based on that person's perceived political affiliation, sex, gender, gender identity, beliefs, Value (personal and cultural), values, social class, Ageing, age, disability, religion, sexual orientation, sexuality, Race (human classification), race, ethnicity, language, nationality, culture, complexion, beauty, height, body weight, job, occupation, wealth, education, criminality, Fan loyalty, sport-team affiliation, Psychology of music preference, music tastes or other personal characteristics. The word "prejudice" can also refer to unfounded or pigeonholed beliefs and it may apply to "any unreasonable attitude that is unusually resistant to rational influence". Gordon Allport defined prejudice as a "feeling, favo ...
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Lucas Critique
The Lucas critique, named for American economist Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data. More formally, it states that the decision rules of Keynesian models—such as the consumption function—cannot be considered as structural in the sense of being invariant with respect to changes in government policy variables. The Lucas critique is significant in the history of economic thought as a representative of the paradigm shift that occurred in macroeconomic theory in the 1970s towards attempts at establishing micro-foundations. Thesis The basic idea pre-dates Lucas's contribution—related ideas are expressed as Campbell's law and Goodhart's law—but in a 1976 paper, Lucas drove to the point that this simple notion invalidated policy advice based on conclusions drawn f ...
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Political Economy
Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth; "political" signifying the Greek word '' polity'' and "economy" signifying the Greek word '; household management. The earliest works of political economy are usually attributed to ...
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