In Russia, 110 People Own 35% Of Wealth, Report Says

5 years after financial crash, many losers — and some big winners

In Russia, 110 people own 35% of the country’s wealth, the report says. (Credit Suisse) Also By Ricardo Lopez October 9, 2013, 8:12 a.m. Global wealth levels have set records, but in Russia, the explosion in wealth has given way to the highest income inequality level, a new report showed. In Russia, just 110 people own 35% of the country’s wealth, according to a report released Wednesday by Credit Suisse. The country (population 139 million) has the highest wealth inequality in the world, save for a few Caribbean islands, the report said. To put that into context: Worldwide, there is 1 billionaire for every $170 billion in household wealth. In Russia, there is 1 billionaire for every $11 billion, the report said. Credit Suisse’s annual Global Wealth Report also found that since 2000, household wealth around the world has more than doubled, reaching a high of $241 trillion. Strong economic growth and rising population levels in the last 13 years are major reasons for the trend.Average wealth per adult is now at $51,600. The richest countries include Switzerland, Australia, Luxembourg and the United States. In the U.S., wealth levels have fully recovered, the report said. Americans account for 42% of the world’s billionaires. ALSO:

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Abhin Singla, director of Addition Services at Presence Saint Joseph Medical Center in Joliet, Ill., told The Times Weekly . “Intensive treatment and skin grafts are required, but they often are not enough to save limbs or lives. Krokodil’s psychoactive agent, desomorphine, was first synthesized in the U.S. in 1932 as a less nauseous and less addictive substitute for morphine. But desomorphine is actually eight to 10 times as potent as morphine and may be more addictive because its effects are more rapid. Max Ehrenfreund of The Washington Post notes that about 10 years ago, Russians discovered how to synthesize desomorphine at home using codeine, paint thinner, lighter fluid, hydorcloric acid, and red phosphorous (which can be gleaned from the sides of matchboxes). The resulting drug, which is usually taken intravenously, is devastating to the body. (The pictures are horrifying.) When you use the krokodil . . . really what youre doing is injecting red phosphorus and solvents into your body, Matt Zuckerman, a toxicologist at the University of Massachusetts Medical School, told the Post. In 2011 Vice produced a documentary called ” Krokodil Tears ,” which show heroin addicts turning to krokodil by using ingredients available at ordinary pharmacies.

Russia’s Terrifying Form Of ‘Homemade Heroin’ Seems To Be Spreading Across The US

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I want to know why all of this gay hate just exploded over there.” Click here for the full story. Blake Skjellerup The New Zealand speed skater, who is openly gay, told HuffPost Live’s Josh Zepps that a boycott would hurt the athletes themselves more than Russia. “I don’t support a boycott at all,” he said. “I believe the greatest way to bring about change is to have a presence. Being present in Sochi is going to be greater for the cause than not being there at all.” Click here for the full story. Nick Symmonds After winning a silver medal at the World Track & Field Championships in Moscow on Aug. 13, the American middle distance runner openly dedicated the victory to his gay and lesbian friends in his home country. The act reportedly makes Symmonds the first athlete to critique and oppose Russia’s anti-gay legislation while in Russia. Click here for the full story. Greg Louganis The Olympic diving champion rejected the possibility of a boycott against the 2014 Winter Olympics in Russia in a Policymic editorial. “Boycotting sends the wrong message and will only harm the hard-working athletes set to compete in the 2014 Olympics, not the Russian government itself,” he wrote. “I know from personal experience.