Adam Smith made the same point about poverty: no one actually needs a linen shirt.
As an example, my oft made point about the poverty statistics in the US. The poverty line is not, as most assume, the number of people currently living in poverty.
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At the same time, the disparity between the city's rich and poor continued to grow, and the poverty rate reached its highest point in more than a decade during Mr. Bloomberg's third term, according to the U.S. Census Bureau.
And even if the peasant wins his point, says Ms Briones, poverty may still make many sell their land.
Other estimates point to a modest drop in poverty in recent years.
The sadness being that while such policies would most certainly reduce poverty they would not move the poverty rate by one single fraction of a percentage point.
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So even if we do a road, we will look at it from the point of view of how it will alleviate poverty.
New Orleans, they point out, was hardly the epicenter of poverty.
To tackle poverty more globally, the MCM should serve as a starting point that offers potential partnership opportunities for multinational corporations to learn about Botton of the Pyramid markets and to test market products and service in those markets.
But professor Sachs has a point: We devote more ink to wealth than to poverty.
At that point the World Bank said falling unemployment was fast cutting poverty in the city.
That means that, first of all, just from a humanitarian point of view, lifting millions of people out of poverty is a good thing.
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Daniel Lurie, CEO and founder of Tipping Point, a San Francisco-based foundation working to reduce poverty in the Bay Area, says the nonprofit's user base has broadened significantly over its seven-year history.
Although Ms Short and other government delegates were unimpressed by the final Johannesburg text and its separate political declaration, they point to a few specific commitments and a useful emphasis on fighting poverty rather than on conservation.
Mr Blair now appears to be attuned to these nuances, and plans to use his speech to point out that while there are many problems, such as unemployment and poverty, which he thinks can best be tackled at a British level, there are indeed issues which are best left to Scottish politicians on the spot.
At one point, the Ioway of Oklahoma had just several hundred members left, and poverty was rampant.
The point is, you know, we're talking about people who are well above the poverty level that we're willing to cover.
However, you would be wrong, because a young academic sociologist at the London School of Economics will soon point out that the move would have a potentially devastating effect on the government's favourite poverty measure.
The bank's economists reckon that the crisis could push 53m more people into extreme poverty in poor countries, but some of those countries feel the bank itself could help more and will make that point loudly this weekend.
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"Like many other people, when they plan their families, they are not thinking about whether at some point in the future they might be on benefit, " Alison Garnham, chief executive of the Child Poverty Action Group told Radio 4's Today programme.
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