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.
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...
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.
February 12, 2013 |
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.
October 16, 2012 |
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.
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.
December 22, 2013 |
You may have missed it, given the launch of the Christmas shopping season and all the foofaraw about the rollout of the Affordable Care Act, but earlier this month Barack Obama gave the most important speech of his presidency. The topic was the rising level of economic inequality in America, which Obama identified as " the defining challenge of our time. " Numerous trends have come together over the last few decades, he said, to create "an economy that's become profoundly unequal and families that are more insecure.