A key sign of financial health is savings; if one does not have a decent amount of money tucked away for a rainy day, it is a sign that all is not well. Americans have a very hard time sticking to a budget and saving, compared to their Asian counterparts.
By now, the term "politically incorrect" has become a rubber chicken with which to beat one's opponents. But there is a subtler form of self-censorship crossing over our political divides, a social correctness. I mean our collective unwillingness or sheer inability to discuss class in any real way.
There is nothing fun about seeing your culture appropriated and owned by an affluent middle class. It's time we stopped this despicable process. We need to stop branding the ideals of displaced people as something edgy.
We actually need to go beyond equal resources for schools, because our highest-need students require more resources than their counterparts who have every educational advantage. Hence, to achieve equity, we need to be prepared to invest more in our schools and students that have the greatest needs.
Viewed in isolation, the fall of the EU in Britain and the rise of Donald Trump in the U.S. both reflect high-risk gambles by disillusioned voters to upend the establishment they blame for economic and cultural turmoil.
I live in a bubble because I don't fully understand or wish to accept that too many of my fellow countrymen outside my bubble have displayed a preference for a boob and bigot rather than a competent politician from either party.
For the last three years, I've told your classmates that yours is the most important generation in human history, that you stand as the bridge between the adolescence and the potential for the adulthood of humanity.
The Federal Reserve's core guiding belief is that economic stimulus boosts economic growth, thus increasing employment opportunities, payrolls, tax revenues, corporate profits, retirement security and Wall Street wealth.
But Smith is not a polemicist. He uses the reporter's tools, honed over decades in Moscow and Washington and on big stories, like the civil rights movement and the fall of the Soviet Union, to make his points against the assault on the middle class.
The success of Donald Trump and the rise of right-wing nationalism in the United States should come as no great surprise, considering the strength of right-wing movements in many other developed nations.