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Income Inequality

BUSINESS
July 19, 1999 | GARY CHAPMAN
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.
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NATIONAL
September 20, 2013 | By David Horsey
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...
ENTERTAINMENT
November 11, 2012 | By Ed Stockly
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)
BUSINESS
October 30, 2013 | By Shan Li
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.
BUSINESS
April 14, 1991 | GEORGE L. PERRY, GEORGE L. PERRY is a senior fellow at the Brookings Institution research organization in Washington
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.
NEWS
December 7, 2011 | By James Oliphant
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%!
NEWS
September 1, 2008 | Leo Hindery Jr., Leo Hindery Jr. is currently managing partner of a New York-based media industry private equity fund. He chairs the Smart Globalization Initiative at the New America Foundation and is an unofficial economic advisor to Democratic presidential nominee Barack Obama.
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...
BUSINESS
February 12, 2013 | By Michael Hiltzik
You might not realize this if you've been listening to all the warnings about "entitlements" emanating from Congress, but Social Security remains the nation's most popular government program -- and the vast majority of Americans want lawmakers to protect it, without cutting benefits. In fact, a sizable majority want Congress to raise benefits. Those conclusions, drawn from a recent opinion poll conducted for the National Academy of Social Insurance, an organization of social insurance experts, are worth keeping in mind as President Obama addresses the state of the union tonight and as budget battles continue in Washington.
NEWS
October 16, 2012 | By Jon Healey
The questions asked at Tuesday night's presidential debate will be left to a coterie of undecided voters assembled by Gallup pollsters, so don't be surprised if they invite President Obama and his Republican opponent, former Massachusetts Gov. Mitt Romney, to pander to address concerns unique to their lines of work, their favorite causes or the problems they face as individuals. For example, that might include questions about whether the government is doing enough about cancer or Alzheimer's disease, or why Washington bailed out the big banks but not a local business whose line of credit dried up. Personally, I like those questions.
OPINION
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.
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