March 10, 2013 |
In announcing his wrongheaded proposal to increase the minimum wage to $9 an hour, President Obama spoke in lofty terms: "In the wealthiest nation on Earth," he said in his State of the Union address last month, "no one who works full time should have to live in poverty. " If the debate proceeds as it has -- many times -- in the past, then most Democrats will embrace the president's message and back the proposal, while most Republicans will oppose it, on the grounds that higher labor costs will lead to higher unemployment.
CALIFORNIA | LOCAL
March 5, 2014 |
From the balcony of her Crescent Drive apartment, Shari Able takes in the luxurious view - a picture-postcard panorama of the homes of Beverly Hills. Her home sits above a Whole Foods stocked with organic kabocha squash and Dungeness crabs. Rodeo Drive's boutiques are a brisk walk away. But the 74-year-old is quick to warn elderly suitors who think her 90210 ZIP Code means a cushy bank account. Her federally subsidized apartment costs her roughly $200 a month, she said. "I told one guy from Long Beach, 'I live in Beverly Hills, but it's the only HUD building in Beverly Hills,'" Able recalled one morning over coffee and madeleines.
January 4, 2012 |
Via Kevin Drum , here's a new run at the income inequality fence from the bipartisan Congressional Research Service, and it should bury two shibboleths commonly employed by inequality-deniers: One, that inequality hasn't really increased in recent years, and two, that thanks to broadly held pension fund and mutual fund assets, rising share prices benefit all wage-earners. The report by the CRS, an arm of the Library of Congress, shows that inequality has increased quite smartly, thank you. From 1996 to 2006, total after-tax income in the U.S. rose by more than 20%. How was this gain distributed?
July 24, 2011 |
Milt and Jean Burdick's mobile home in Brea is tidy, comfortable and in a beautiful setting. Like other homes in the mobile-home park in which they live, it looks out on the verdant parkland of Carbon Canyon. Roses tended by Jean bloom in profusion near their front door. And inside, a $20,000 renovation added granite kitchen counters, new carpets and double-paned windows. But for the retired couple, the rising cost of rent for their lot space is a source of worry and tension.
CALIFORNIA | LOCAL
March 27, 2013 |
An online voter registration system launched by California for last November's election appears to be bringing more lower-income people into the political process, according to an academic study. Researchers at UC Berkeley looked at the 839,297 people who registered to vote online before the election, and found that the breakdown was ethnically similar to those who registered in person or through the mail. However, the results showed more online registrants came from low- and middle-income neighborhoods than expected, according to researchers Lisa Garcia Bedolla and Veronica N. Velez.
January 19, 2012 |
Republican presidential candidate Newt Gingrich and his wife, Callista, paid $994,708 in federal taxes on gross income of $3,142,066 in 2010, according to copies of the couple's joint tax return that his campaign released at the start of Thursday night's GOP debate. The 31.5% tax rate paid by the Gingriches is roughly double the amount that rival Mitt Romney said this week he pays on his own, much larger income. Romney said in Thursday night's debate that he would make his 2011 returns public, and perhaps some from earlier years, when the latest return is completed later this year.