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.
September 1, 2012 |
In accepting the Republican presidential nomination, Mitt Romney represented more than the GOP's best hope for recapturing the White House. In many ways, he also embodied the country's tangled opinions about wealth and the wealthy. Amid a hapless economy and bulging income gap between the upper class and everyone else, the combative presidential race has focused attention on an underlying debate about wealth. Photos: Top of the Ticket cartoons Romney and President Obama have clashed sharply over wealth-related issues.
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...
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.
April 14, 1991 |
One of the classic trade-offs in economics is between equity and efficiency. Under many circumstances, arrangements or policies that enhance one of these goals do so by sacrificing some of the other. Since the early 1970s, the U.S. economy has managed to do poorly on both counts.
September 1, 2008 |
Not all that long ago, America's prominent business and government leaders widely believed that our nation's prosperity depended on a strong middle class growing from the bottom up. Workers were rewarded for their hard work with fair wages, benefits and advancement opportunities -- and our economy and our national security were much stronger for it. Henry Ford certainly knew this, and often said that his company would prosper only if his workers...
December 7, 2011 |
On a day when President Obama explicitly sounded the alarm on rising income inequality in the United States in a speech in Kansas, protesters in Washington chose action over rhetoric, disrupting a fundraiser for House Majority Leader Eric Cantor. As part of the “Take Back the Capitol” movement that has descended on the capital this week, protesters stood outside a tony D.C. restaurant, giving the business to lawmakers and lobbyists who tried to enter and chanting “We are the 99%!
September 16, 2012
A new Census Bureau report confirms that the slowly rising tide of the U.S. economy hasn't lifted all boats. The 20% of Americans with the highest incomes captured an even larger share of the earnings in 2011, while the rest collected the same share or less. The widening income inequality is disturbing, but as the report shows, things could have been considerably worse. Without such safety net programs as unemployment benefits and food stamps, millions more families would have fallen into poverty.
December 9, 2011 |
"This isn't about class warfare," said President Obama on Tuesday, in his speech at Osawatomie High School in Osawatomie, Kan. But in fact, the president for the first time dived into many of the themes that have been urged on him by left-wing class warriors: the disappearing middle class, "the breathtaking greed of a few," "insurance companies that jacked up people's premiums with impunity," "mortgage lenders that tricked families into buying homes they...