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Wealth Gap

OPINION
November 12, 2010
Another calamity in Haiti Re "Haiti once again at disaster's brink," Nov. 10 It appears that the world doesn't understand the adage "An ounce of prevention is worth a pound of cure. " After the disastrous earthquake hit, there was an outpouring of contributions from Americans and people all over the world to help the Haitian people rebuild. Bill Clinton and George W. Bush went to Haiti to help lead the efforts. It appears somewhere along the line, the world just forgot about Haiti.
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BUSINESS
September 11, 2012 | By David Lazarus
The rich aren't just getting richer. They're getting a lot richer. And you're getting poorer. The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years, according to the Economic Policy Institute. It found that the top 1% had 125 times the net worth of the median household as of 1962. But by 2010, the disparity reached 288 times. The institute cited two trends: More wealth finding its way to the high end of the demographic spectrum, while people in the middle class were seeing their cash grow more scarce.
NEWS
October 11, 2011 | By Kim Geiger and Maeve Reston
Mitt Romney appeared to be softening to the Occupy Wall Street protests on Monday, taking a more sympathetic tone as he remarked on the movement, which he had called “dangerous” just a week before.  “I look at what's happening on Wall Street and my view is, boy, I understand how those people feel,” he said at a town hall event in Hopkinton, N.H. “Because with median income down 10% ... with chronic unemployment, long-term unemployment worse...
WORLD
January 21, 2007 | From Times Wire Reports
More than 80,000 people gathered for an anti-capitalism conference in Nairobi, marching from Kibera, its largest slum, to the downtown area in a protest of global policies they say hurt the poor. In Nairobi, Kenya's capital, at least 700,000 people live in Kibera, just one square mile, with little access to running water and other basic services. Organizers of the World Social Forum set up the march to contrast the slum with Nairobi's elegant homes and hotels.
BUSINESS
January 13, 2014 | By Emily Alpert Reyes
Poorer Americans suffered bigger blows than richer ones as the housing market fizzled during the Great Recession, causing wealth inequality to surge for the first time since the 1980s, a new report finds. During the recession, tumbling values in the housing market “increased wealth inequality because houses are the main asset of less advantaged groups,” reported the Stanford Center on Poverty and Inequality. Unlike the very rich, who held more of their wealth in stocks or businesses, poor and middle-class Americans banked more heavily on housing.
ENTERTAINMENT
November 7, 2013 | By Steven Zeitchik
"Ender's Game" may not be the best-executed adaptation in the history of moviedom. But it's based on a major bestseller and a longtime fan favorite, so by all rights it should have made a boatload of money instead of eking out $28 million on its first weekend and going quietly into that dystopian night. It's hardly alone, of course. Why the young-adult boom has gone bust has been a hot topic  in development circles in recent weeks. There are rarely the kind of feeding frenzies in Hollywood of the kind that followed the first "Harry Potter" movies (and, to a somewhat lesser extent, the first “Twilight” movie)
BUSINESS
August 13, 2000 | JAMES FLANIGAN
Southern California has had more than its share of boom times, but right now the economy is doing better than ever. The region, stretching from north of Los Angeles to the Mexican border, has a real chance to emerge in this decade as the most vital area in the world, measured in jobs, global importance and technological edge. It could blow those opportunities, to be sure--the region is hardly bulletproof.
CALIFORNIA | LOCAL
August 23, 1999 | EDWARD J. McCAFFERY, Edward J. McCaffery, a professor at USC Law School and visiting professor of law and economics at Caltech, is the author of "Taxing Women" (Chicago Press, 1997)
I have been writing, lecturing and testifying against the gift and estate taxes--so-called death tax--for many years. My work has been credited with getting the current anti-death tax movement started. I have nonetheless been as shocked as anyone that politicians actually seem to have listened. We now stand at a moment when the death tax may be altogether eliminated, as the recent House tax cut bill would do, or reduced, as even Democratic compromises now propose.
ENTERTAINMENT
July 19, 2013 | By Julie Makinen, Los Angeles Times
BEIJING -- Forget Zach Snyder's "Man of Steel" or Keanu Reeves' "Man of Tai Chi. " China's movie of the summer is a chick flick that has touched off a mini-culture war while raking in the renminbi -- and a sequel is just weeks away. "Tiny Times" tells the story of four fashionable college girls in Shanghai and is perhaps best described as "The Devil Wears Prada" meets "Sex and the City" (minus the sex) with a dash of "The Bling Ring. " The movie is based on a trio of popular young adult novels by Guo Jingming, a waifish 30-year-old celebrity author/entrepreneur who also directed the film.
WORLD
April 12, 2005 | From Times Wire Reports
Thousands of villagers rioted in eastern China, injuring dozens of police, after two of about 200 elderly women protesting factory pollution died during efforts to disperse them, residents and officials said. The rioting Sunday in Huankantou village in the wealthy coastal province of Zhejiang was the latest in a string of outbreaks of rural violence as the world's most populous nation confronts a widening wealth gap and widespread corruption.
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