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Everyone says August in Washington, D.C. is quiet. That is of course, unless you are planning to attend the presidential conventions and from what I can tell, just about everyone is sending someone to the conventions. And this time around, CGD is going to both of them.
The Forbes Billionaire list published yesterday is a powerful sign of how fast the world is changing, in two worrying respects: growing inequality in the world, and the failure of the international financial institutions to adjust to the increased economic importance of emerging market economies. According to Forbes: