January 29, 2014 |
One way of measuring a president's agenda is by what he highlights in his State of the Union address. Another is by noticing what got left out. President Obama recycled a long list of old but unattained goals in his speech Tuesday: a higher federal minimum wage, early childhood education, immigration reform, tax reform, infrastructure spending, gun control, legislation to close the wage gap between men and women, and closing the detention center...
September 10, 2010
Experts have been sparring for decades over the impact of tax rates on the economy, an unresolved debate that raged a little louder after President Obama argued in a speech Wednesday in Ohio that the tax cuts approved under President George W. Bush should be allowed to expire for the top 2% of income earners while being extended for the middle class. Republicans firmly oppose that idea, proposing instead to make all of the Bush cuts permanent. We're wondering if they've checked in with the CIA on that.
September 20, 2013 |
Since the economic disaster of 2008 sent incomes spinning downward and the jobless rate shooting upward, at least one group of Americans has found a path back to prosperity: the top 1%. Over the last four years, the super-rich have been able to rake in 95% of all income gains. That's right, according to a new study by Emmanuel Saez, an economics professor at UC Berkeley, while the number of poor Americans has risen and members of the middle class...
June 11, 2000 |
A 1999 Times poll found that nearly 60% of Californians who described themselves as working or lower class expected they would be able to move up the economic ladder. Many at the bottom have, in fact, been making progress during this long expansion. This may be one reason why inequality, a hot topic for politicians and journalists in the 1980s and early 1990s, is getting less play these days. When people at the bottom and top are gaining ground, inequality is less potent.
January 28, 2014 |
WASHINGTON - President Obama's sixth speech on the state of the union will spotlight many issues, but more than anything may illuminate the vast gap between his policy ambitions and the tools he has to achieve them. The president made the ambition clear last month, when he referred to a “dangerous and growing inequality and lack of upward mobility” in the United States as the “the defining challenge of our time.” His overriding goal, he has said in speeches and interviews, is to reverse the trend in which incomes for most Americans have stagnated since the late 1970s while the share going to the wealthiest has soared.
July 19, 1999 |
The "digital divide" has been back in the news recently--but, as usual, only briefly. On July 8, the Department of Commerce's National Telecommunications and Information Administration released its latest report in a series called "Falling Through the Net." This is an ongoing study of telephone, computer and Internet use in the U.S. that can be viewed at http://www.ntia.doc.gov/ntiahome/digitaldivide. In it, the government reported (using 1998 data) that 40% of U.S.
February 21, 2013 |
Even a conservative who ordinarily doesn't care much for government regulation of business ought to find the case for a government-mandated minimum wage pretty compelling. In brief: As a conservative, you believe in the dignity of work. And it sends a terrible message about the dignity of work when working full time does not earn you enough to live a decent life. On the other hand, even a committed liberal who is concerned about growing income inequality ought to have some doubts about the minimum wage.
November 11, 2012 |
Click here to download TV listings for the week Nov. 4 - 10 in PDF format This week's TV Movies SERIES Richard Hammond's Crash Course: Richard trains to be one of the crew tasked with changing a wheel in an IndyCar race in Sonoma in an episode that features a drive around the racetrack with legendary driver Mario Andretti (7 and 11 p.m. BBC America). How I Met Your Mother: Barney (Neil Patrick Harris) decides to take action when Robin (Cobie Smulders)
October 30, 2013 |
British bitcoin exchange Coinfloor opened its virtual doors to customers this week with a stated commitment to meeting government regulations and keeping money launderers out. The London-based exchange will officially open to trading Tuesday, but it is allowing customers to sign up and register for accounts beforehand. Coinfloor is launching at a time when bitcoin is facing increased scrutiny after the arrest of Ross Ulbricht, a 29-year-old from San Francisco who allegedly masterminded the online drug emporium Silk Road.
December 4, 2011
Beware Iran Re "Britain closes its Tehran embassy after attacks," Dec. 1 The attack on the British Embassy in Tehran occurred not just with the tacit approval of the Iranian government but also with its encouragement. This is the same as Iran's 1979 assault on the U.S. Embassy, in which Americans were kidnapped and held hostage for 444 days. The only difference today is that this rogue nation is more extreme; it openly supports terrorism, making it ridiculous to demand that the U.S. or any Western democracy apply the Geneva Convention when dealing with it. It's also a wake-up call to anyone foolish enough to think that an outfit like Iran would act rationally if it had nuclear weapons.