It's an acknowledgment that the global economic community has grown far larger than the rich G-7 nations that gather regularly.
The poor finish elementary at Grade 6, while the rich continue to Grade 7.
Between holdout bondholders and the Paris Club of rich nations, somewhere between 7% and 8% of the original amount remains outstanding.
The 101 passengers on board the Queen of the Mississippi that week collectively had at least 7, 000 years of rich life experience.
At just 2.7 pounds, BIG JAMBOX pumps out rich, loud sound that is disproportionate to its diminutive size.
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Fifteen percent cited the growing gap between the rich and the poor, while 10% cited health care and 7% the deficit.
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The idea that rich countries will hand over 1.2% to 1.7% of their wealth in perpetuity is not going to fly.
India is not a rich country, but per capita incomes are improving steadily at 5-7% in real terms for the past decade and for that reason we see a lot of room for banks to grow these segments.
The cash-rich balance sheet enables MDC to support its solid dividend, which currently yields an impressive 5.7%, making MDC one of the top-yielding materials and construction stocks.
But the Organisation for Economic Co-operation and Development (a club of mainly rich countries) predicts that the growth in Chinese steel demand this year will be just 10.7%.
Instead of that, the deal that emerged calls on America to cut its emissions by 7% no later than 2012, the European Union by 8% and the rest of the rich world by varying degrees.
If official statistics are to be believed, Cuba's levels of infant mortality (7.2 deaths per 1, 000 births) and of life expectancy are comparable to those of rich industrial countries.
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